Healthinvest Partners Ab Lowers stake in LifePoint Health Inc (LPNT)

LifePoint Health Inc (LPNT) : Healthinvest Partners Ab reduced its stake in LifePoint Health Inc by 32.28% during the most recent quarter end. The investment management company now holds a total of 185,851 shares of LifePoint Health Inc which is valued at $12,048,720 after selling 88,579 shares in LifePoint Health Inc , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.LifePoint Health Inc makes up approximately 5.28% of Healthinvest Partners Ab’s portfolio.

Other Hedge Funds, Including , American Century Companies Inc boosted its stake in LPNT in the latest quarter, The investment management firm added 594,546 additional shares and now holds a total of 3,629,063 shares of LifePoint Health Inc which is valued at $235,272,154. LifePoint Health Inc makes up approx 0.26% of American Century Companies Inc’s portfolio.Americafirst Capital Management boosted its stake in LPNT in the latest quarter, The investment management firm added 8,434 additional shares and now holds a total of 32,505 shares of LifePoint Health Inc which is valued at $2,154,431. LifePoint Health Inc makes up approx 1.49% of Americafirst Capital Management’s portfolio.Weaver C. Barksdale Associates boosted its stake in LPNT in the latest quarter, The investment management firm added 32 additional shares and now holds a total of 362 shares of LifePoint Health Inc which is valued at $24,149. LifePoint Health Inc makes up approx 0.04% of Weaver C. Barksdale Associates’s portfolio.Curian Capital reduced its stake in LPNT by selling 9,428 shares or 77.42% in the most recent quarter. The Hedge Fund company now holds 2,750 shares of LPNT which is valued at $183,150. LifePoint Health Inc makes up approx 0.01% of Curian Capital’s portfolio.

LifePoint Health Inc closed down -4.83 points or -7.55% at $59.18 with 30,48,717 shares getting traded on Friday. Post opening the session at $59.74, the shares hit an intraday low of $54.82 and an intraday high of $59.74 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, LifePoint Health Inc reported $0.71 EPS for the quarter, missing the analyst consensus estimate by $ -0.19 based on the information available during the earnings call on Jul 29, 2016. Analyst had a consensus of $0.90. The company had revenue of $1592.40 million for the quarter, compared to analysts expectations of $1607.66 million. The company’s revenue was up 25.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.00 EPS.

Many Wall Street Analysts have commented on LifePoint Health Inc. Shares were Reiterated by Mizuho on Aug 1, 2016 to “Neutral” and Lowered the Price Target to $ 56 from a previous price target of $61.50 .Shares were Reiterated by RBC Capital Mkts on Aug 1, 2016 to “Outperform” and Lowered the Price Target to $ 77 from a previous price target of $84 .Shares were Reiterated by Barclays on May 2, 2016 to “Underweight” and Lowered the Price Target to $ 70 from a previous price target of $74 .

LifePoint Health Inc. formerly LifePoint Hospitals Inc. provides healthcare services. Through its subsidiaries the Company operates general acute care hospitals primarily in non-urban communities in the United States. Its hospitals provide a range of medical and surgical services in hospitals in non-urban markets. The Company’s services include general surgery internal medicine obstetrics emergency room care radiology oncology diagnostic care coronary care rehabilitation services and pediatric services. In some of its hospitals the Company offers services such as open-heart surgery skilled nursing psychiatric care and neuro-surgery. LifePoint provides outpatient services such as same-day surgery laboratory x-ray respiratory therapy imaging sports medicine and lithotripsy. The Company operates approximately 67 hospital campuses in 21 states having a total of approximately 8254 licensed beds.

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