Texas Permanent School Fund increased its stake in LifePoint Health, Inc. (NASDAQ:LPNT) by 1.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 29,471 shares of the company’s stock after buying an additional 551 shares during the period. Texas Permanent School Fund’s holdings in LifePoint Health were worth $1,979,000 as of its most recent filing with the SEC.
Other large investors also recently bought and sold shares of the company. LS Investment Advisors LLC boosted its stake in LifePoint Health by 43.7% in the second quarter. LS Investment Advisors LLC now owns 1,785 shares of the company’s stock valued at $120,000 after buying an additional 543 shares in the last quarter. US Bancorp DE boosted its stake in LifePoint Health by 1.6% in the first quarter. US Bancorp DE now owns 1,931 shares of the company’s stock valued at $127,000 after buying an additional 30 shares in the last quarter. Bank of Montreal Can boosted its stake in LifePoint Health by 18.7% in the first quarter. Bank of Montreal Can now owns 1,946 shares of the company’s stock valued at $128,000 after buying an additional 306 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in LifePoint Health during the first quarter valued at approximately $210,000. Finally, Regent Investment Management LLC bought a new stake in LifePoint Health during the first quarter valued at approximately $230,000. 99.27% of the stock is owned by hedge funds and other institutional investors.
LifePoint Health, Inc. (LPNT) opened at 58.90 on Friday. The company has a 50 day moving average of $63.19 and a 200 day moving average of $62.78. LifePoint Health, Inc. has a 52 week low of $50.60 and a 52 week high of $70.95. The company has a market capitalization of $2.36 billion, a price-to-earnings ratio of 13.19 and a beta of 0.86.
LifePoint Health (NASDAQ:LPNT) last issued its quarterly earnings results on Tuesday, August 1st. The company reported $0.96 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.06. LifePoint Health had a net margin of 2.61% and a return on equity of 7.40%. The company had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the prior year, the company earned $0.69 EPS. LifePoint Health’s quarterly revenue was up .2% on a year-over-year basis. On average, equities analysts forecast that LifePoint Health, Inc. will post $4.07 EPS for the current fiscal year.
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LPNT has been the subject of several research analyst reports. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $77.00 target price on shares of LifePoint Health in a research report on Wednesday, July 5th. Zacks Investment Research raised shares of LifePoint Health from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research report on Tuesday, July 4th. BidaskClub raised shares of LifePoint Health from a “hold” rating to a “buy” rating in a research report on Friday, June 30th. Morgan Stanley initiated coverage on shares of LifePoint Health in a research report on Tuesday, June 6th. They issued an “equal weight” rating and a $65.00 target price for the company. Finally, Barclays PLC raised their target price on shares of LifePoint Health from $58.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Monday, May 1st. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $66.18.
In related news, Chairman William F. Carpenter III sold 82,347 shares of the stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $64.15, for a total value of $5,282,560.05. Following the transaction, the chairman now owns 504,535 shares in the company, valued at approximately $32,365,920.25. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Chairman William F. Carpenter III sold 17,653 shares of the stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $65.06, for a total transaction of $1,148,504.18. Following the completion of the transaction, the chairman now owns 439,841 shares in the company, valued at approximately $28,616,055.46. The disclosure for this sale can be found here. 7.28% of the stock is currently owned by corporate insiders.
About LifePoint Health
LifePoint Health, Inc, through its subsidiaries, owns and operates community hospitals, regional health systems, physician practices, outpatient centers and post-acute facilities. As of December 31, 2016, the Company operated 72 hospital campuses in 22 states, having a total of 9,424 licensed beds. It offers a range of general and specialized healthcare services to patients through a network of hospitals and outpatient facilities.
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