LifePoint Health, Inc. (LPNT) Earns “Hold” Rating from KeyCorp

KeyCorp reissued their hold rating on shares of LifePoint Health, Inc. (NASDAQ:LPNT) in a research note issued to investors on Sunday. KeyCorp also issued estimates for LifePoint Health’s FY2017 earnings at $3.70 EPS, FY2018 earnings at $4.17 EPS and FY2019 earnings at $4.70 EPS.

Several other research firms have also commented on LPNT. Royal Bank Of Canada reaffirmed a buy rating and issued a $77.00 price target on shares of LifePoint Health in a 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 price target on the stock in a report on Tuesday, July 4th. BidaskClub lowered shares of LifePoint Health from a buy rating to a hold rating in a report on Saturday, July 8th. Piper Jaffray Companies reaffirmed a hold rating and issued a $66.00 price target on shares of LifePoint Health in a report on Wednesday, October 4th. Finally, ValuEngine lowered shares of LifePoint Health from a buy rating to a hold rating in a report on Friday, September 1st. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $60.57.

LifePoint Health (NASDAQ LPNT) opened at 48.15 on Friday. The company’s 50-day moving average price is $56.01 and its 200 day moving average price is $60.23. The stock has a market capitalization of $1.93 billion, a P/E ratio of 10.78 and a beta of 0.84. LifePoint Health has a 52-week low of $46.50 and a 52-week high of $70.95.

LifePoint Health (NASDAQ:LPNT) last posted its quarterly earnings results on Friday, October 27th. The company reported $0.80 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.15). LifePoint Health had a net margin of 2.45% and a return on equity of 7.01%. The business had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.60 billion. During the same period in the previous year, the company posted $0.94 earnings per share. LifePoint Health’s revenue for the quarter was down .7% compared to the same quarter last year. On average, equities research analysts predict that LifePoint Health will post $3.82 earnings per share for the current fiscal year.

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LifePoint Health declared that its Board of Directors has authorized a share buyback plan on Friday, October 27th that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

A number of institutional investors have recently modified their holdings of the stock. Hussman Strategic Advisors Inc. purchased a new position in LifePoint Health in the 3rd quarter valued at about $1,517,000. Parametrica Management Ltd purchased a new position in LifePoint Health in the 3rd quarter valued at about $282,000. Victory Capital Management Inc. lifted its stake in LifePoint Health by 19.3% in the 3rd quarter. Victory Capital Management Inc. now owns 973,978 shares of the company’s stock valued at $56,393,000 after buying an additional 157,831 shares in the last quarter. First Quadrant L P CA purchased a new position in LifePoint Health in the 3rd quarter valued at about $5,043,000. Finally, Aperio Group LLC lifted its stake in LifePoint Health by 7.5% in the 3rd quarter. Aperio Group LLC now owns 24,138 shares of the company’s stock valued at $1,398,000 after buying an additional 1,682 shares in the last quarter. 99.53% of the stock is currently owned by hedge funds and other institutional investors.

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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