Simcoe Capital Management buys $11,588,262 stake in LifePoint Health Inc (LPNT)

LifePoint Health Inc (LPNT) : Simcoe Capital Management scooped up 153,185 additional shares in LifePoint Health Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 199,970 shares of LifePoint Health Inc which is valued at $11,588,262.LifePoint Health Inc makes up approximately 6.32% of Simcoe Capital Management’s portfolio.

Other Hedge Funds, Including , Profund Advisors boosted its stake in LPNT in the latest quarter, The investment management firm added 1,111 additional shares and now holds a total of 9,169 shares of LifePoint Health Inc which is valued at $531,344. LifePoint Health Inc makes up approx 0.02% of Profund Advisors’s portfolio.Acrospire Investment Management reduced its stake in LPNT by selling 1,000 shares or 55.56% in the most recent quarter. The Hedge Fund company now holds 800 shares of LPNT which is valued at $46,624. LifePoint Health Inc makes up approx 0.03% of Acrospire Investment Management’s portfolio.Lbmc Investment Advisors reduced its stake in LPNT by selling 1,885 shares or 15.12% in the most recent quarter. The Hedge Fund company now holds 10,585 shares of LPNT which is valued at $617,529. LifePoint Health Inc makes up approx 0.12% of Lbmc Investment Advisors’s portfolio.Pembroke Management Ltd reduced its stake in LPNT by selling 8,400 shares or 3.2% in the most recent quarter. The Hedge Fund company now holds 253,700 shares of LPNT which is valued at $16,830,458. LifePoint Health Inc makes up approx 1.57% of Pembroke Management Ltd’s portfolio.Checchi Capital Advisers reduced its stake in LPNT by selling 260 shares or 38.24% in the most recent quarter. The Hedge Fund company now holds 420 shares of LPNT which is valued at $27,863. LifePoint Health Inc makes up approx 0.01% of Checchi Capital Advisers’s portfolio.

LifePoint Health Inc opened for trading at $55.35 and hit $56.66 on the upside on Monday, eventually ending the session at $56.38, with a gain of 1.44% or 0.8 points. The heightened volatility saw the trading volume jump to 2,74,811 shares. Company has a market cap of $2,406 M.

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 .

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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