Simcoe Capital Management buys $11,640,200 stake in LifePoint Health Inc (LPNT)

LifePoint Health Inc (LPNT) : Simcoe Capital Management scooped up 11,670 additional shares in LifePoint Health Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 211,640 shares of LifePoint Health Inc which is valued at $11,640,200.LifePoint Health Inc makes up approximately 5.98% of Simcoe Capital Management’s portfolio.

Other Hedge Funds, Including , Wrapmanager Inc boosted its stake in LPNT in the latest quarter, The investment management firm added 538 additional shares and now holds a total of 3,876 shares of LifePoint Health Inc which is valued at $213,180. LifePoint Health Inc makes up approx 0.09% of Wrapmanager Inc’s portfolio.Lbmc Investment Advisors reduced its stake in LPNT by selling 27 shares or 0.26% in the most recent quarter. The Hedge Fund company now holds 10,558 shares of LPNT which is valued at $639,287. LifePoint Health Inc makes up approx 0.13% of Lbmc Investment Advisors’s portfolio.Quadrant Capital Group boosted its stake in LPNT in the latest quarter, The investment management firm added 32 additional shares and now holds a total of 58 shares of LifePoint Health Inc which is valued at $3,535.

LifePoint Health Inc closed down -0.05 points or -0.09% at $57.25 with 2,89,996 shares getting traded on Monday. Post opening the session at $57.45, the shares hit an intraday low of $56.85 and an intraday high of $57.7 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, LifePoint Health Inc reported $0.94 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Oct 28, 2016. Analyst had a consensus of $0.84. The company had revenue of $1585.70 million for the quarter, compared to analysts expectations of $1587.33 million. The company’s revenue was up 21.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.94 EPS.

Many Wall Street Analysts have commented on LifePoint Health Inc. LifePoint Health Inc was Downgraded by Credit Suisse to ” Neutral” on Nov 11, 2016. LifePoint Health Inc was Downgraded by Avondale to ” Mkt Perform” on Nov 9, 2016. LifePoint Health Inc was Downgraded by BofA/Merrill to ” Underperform” on Nov 9, 2016.

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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