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

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

LifePoint Health (NASDAQ LPNT) opened at 57.45 on Friday. The stock has a 50 day moving average price of $61.96 and a 200 day moving average price of $62.71. The company has a market cap of $2.30 billion, a price-to-earnings ratio of 12.86 and a beta of 0.86. LifePoint Health has a 12 month low of $50.60 and a 12 month high of $70.95.

In other news, Chairman William F. Carpenter III sold 82,347 shares of the company’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $64.15, for a total transaction of $5,282,560.05. Following the transaction, the chairman now directly owns 504,535 shares of the company’s stock, valued at $32,365,920.25. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman William F. Carpenter III sold 17,653 shares of the company’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 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. Insiders own 7.28% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Dynamic Technology Lab Private Ltd acquired a new position in shares of LifePoint Health during the second quarter worth about $872,000. WINTON GROUP Ltd increased its position in shares of LifePoint Health by 138.4% in the second quarter. WINTON GROUP Ltd now owns 93,705 shares of the company’s stock worth $6,292,000 after buying an additional 54,400 shares during the last quarter. Dean Capital Management increased its position in shares of LifePoint Health by 68.0% in the second quarter. Dean Capital Management now owns 67,143 shares of the company’s stock worth $4,508,000 after buying an additional 27,180 shares during the last quarter. Ameritas Investment Partners Inc. increased its position in shares of LifePoint Health by 2.6% in the second quarter. Ameritas Investment Partners Inc. now owns 12,080 shares of the company’s stock worth $811,000 after buying an additional 305 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in shares of LifePoint Health by 2.8% in the second quarter. The Manufacturers Life Insurance Company now owns 59,357 shares of the company’s stock worth $3,986,000 after buying an additional 1,629 shares during the last quarter. 99.59% of the stock is currently owned by institutional investors and hedge funds.

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Several research firms have weighed in on LPNT. Leerink Swann upgraded LifePoint Health from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $73.00 to $74.00 in a report on Tuesday, June 6th. BidaskClub cut LifePoint Health from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Royal Bank Of Canada reiterated a “buy” rating and issued a $77.00 price objective on shares of LifePoint Health in a report on Wednesday, July 5th. Zacks Investment Research upgraded LifePoint Health from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a report on Tuesday, July 4th. Finally, TheStreet cut LifePoint Health from a “b-” rating to a “c+” rating in a report on Wednesday. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. LifePoint Health has a consensus rating of “Hold” and an average target price of $66.18.

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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