LifePoint Health Inc (LPNT) was Reiterated by Mizuho to “Neutral” while Lowering the Price Target of the company shares to $ 56 from a previous price target of $61.50 . Mizuho advised their investors in a research report released on Aug 1, 2016.
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.
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.
In a different news, on May 27, 2016, John E Jr D D S Maupin (director) sold 3,800 shares at $67.32 per share price. According to the SEC, on Feb 19, 2016, Gregory T. Bier (director) sold 2,149 shares at $63.00 per share price. On Aug 7, 2015, Leif M. Murphy (EVP, CFO and CDO) sold 334 shares at $86.03 per share price, according to the Form-4 filing with the securities and exchange commission.
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.