LifePoint Health, Inc. (NASDAQ:LPNT) Issues Quarterly Earnings Results, Beats Estimates By $0.06 EPS

LifePoint Health, Inc. (NASDAQ:LPNT) announced its quarterly earnings data on Tuesday, August 1st. The company reported $0.96 EPS for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.06, Morningstar.com reports. LifePoint Health had a return on equity of 7.40% and a net margin of 2.61%. The firm had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter last year, the firm posted $0.69 earnings per share. The company’s revenue for the quarter was up .2% compared to the same quarter last year. LifePoint Health updated its FY17 guidance to $3.92-$4.20 EPS.

Shares of LifePoint Health (NASDAQ LPNT) opened at 57.45 on Friday. The company has a market capitalization of $2.30 billion, a price-to-earnings ratio of 12.86 and a beta of 0.86. The firm has a 50 day moving average price of $61.96 and a 200 day moving average price of $62.71. LifePoint Health has a 52 week low of $50.60 and a 52 week high of $70.95.

A number of brokerages have commented on LPNT. TheStreet cut LifePoint Health from a “b-” rating to a “c+” rating in a research note on Wednesday. ValuEngine raised LifePoint Health from a “hold” rating to a “buy” rating in a research note on Thursday. BidaskClub cut LifePoint Health from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Royal Bank Of Canada restated a “buy” rating and issued a $77.00 target price on shares of LifePoint Health in a report on Wednesday, July 5th. Finally, Leerink Swann upgraded LifePoint Health from a “market perform” rating to an “outperform” rating and raised their target price for the company from $73.00 to $74.00 in a report on Tuesday, June 6th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. LifePoint Health has a consensus rating of “Hold” and a consensus price target of $66.18.

In related news, Chairman William F. Carpenter III sold 82,347 shares of the firm’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $64.15, for a total value of $5,282,560.05. Following the transaction, the chairman now directly owns 504,535 shares of the company’s stock, valued at approximately $32,365,920.25. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman William F. Carpenter III sold 17,653 shares of the firm’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $65.06, for a total value of $1,148,504.18. Following the completion of the transaction, the chairman now directly owns 439,841 shares in the company, valued at $28,616,055.46. The disclosure for this sale can be found here. 7.28% of the stock is owned by corporate insiders.

A number of large investors have recently bought and sold shares of LPNT. Acadian Asset Management LLC boosted its stake in LifePoint Health by 5.6% in the first quarter. Acadian Asset Management LLC now owns 202,340 shares of the company’s stock worth $13,252,000 after buying an additional 10,692 shares in the last quarter. Regent Investment Management LLC acquired a new stake in LifePoint Health during the first quarter worth approximately $230,000. Louisiana State Employees Retirement System boosted its stake in LifePoint Health by 2.0% in the first quarter. Louisiana State Employees Retirement System now owns 10,100 shares of the company’s stock worth $662,000 after buying an additional 200 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in LifePoint Health during the first quarter worth approximately $255,000. Finally, Parametrica Management Ltd acquired a new stake in LifePoint Health during the first quarter worth approximately $349,000. 99.59% of the stock is currently owned by institutional investors and hedge funds.

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LifePoint Health Company Profile

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.

Earnings History for LifePoint Health (NASDAQ:LPNT)

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