LifePoint Health, Inc. (LPNT) Sets New 1-Year Low at $45.85

Shares of LifePoint Health, Inc. (NASDAQ:LPNT) hit a new 52-week low during trading on Thursday . The stock traded as low as $45.85 and last traded at $0.00, with a volume of shares changing hands.

LPNT has been the topic of several research analyst reports. Royal Bank Of Canada reissued 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 raised LifePoint Health from a “hold” rating to a “buy” rating and set a $73.00 price target on the stock in a research note on Thursday, July 13th. ValuEngine raised LifePoint Health from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. Robert W. Baird set a $69.00 price target on LifePoint Health and gave the stock a “buy” rating in a research note on Thursday, October 12th. Finally, Citigroup Inc. lowered their price target on LifePoint Health from $70.00 to $60.00 and set a “buy” rating on the stock in a research note on Monday. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $60.57.

LifePoint Health (NASDAQ:LPNT) last posted its quarterly earnings data on Friday, October 27th. The company reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.15). LifePoint Health had a return on equity of 7.01% and a net margin of 2.45%. The business had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.60 billion. During the same quarter last year, the business earned $0.94 EPS. LifePoint Health’s revenue for the quarter was down .7% compared to the same quarter last year.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of LifePoint Health by 3.8% in the 1st quarter. Vanguard Group Inc. now owns 3,266,963 shares of the company’s stock worth $213,986,000 after buying an additional 120,201 shares during the period. Arizona State Retirement System raised its position in shares of LifePoint Health by 2.4% in the 2nd quarter. Arizona State Retirement System now owns 17,000 shares of the company’s stock worth $1,142,000 after buying an additional 400 shares during the period. Bank of New York Mellon Corp raised its position in shares of LifePoint Health by 33.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 617,904 shares of the company’s stock worth $41,492,000 after buying an additional 154,811 shares during the period. US Bancorp DE raised its position in shares of LifePoint Health by 0.8% in the 2nd quarter. US Bancorp DE now owns 1,947 shares of the company’s stock worth $130,000 after buying an additional 16 shares during the period. Finally, State Street Corp raised its position in shares of LifePoint Health by 0.7% in the 1st quarter. State Street Corp now owns 1,109,362 shares of the company’s stock worth $72,662,000 after buying an additional 7,590 shares during the period. 99.53% 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.

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