Mutual of America Capital Management LLC Sells 1,422 Shares of LifePoint Health, Inc. (LPNT)

Mutual of America Capital Management LLC lowered its position in shares of LifePoint Health, Inc. (NASDAQ:LPNT) by 4.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 32,486 shares of the company’s stock after selling 1,422 shares during the quarter. Mutual of America Capital Management LLC owned about 0.08% of LifePoint Health worth $1,881,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. BlackRock Inc. raised its position in shares of LifePoint Health by 11,671.9% in the 1st quarter. BlackRock Inc. now owns 3,745,824 shares of the company’s stock worth $245,351,000 after purchasing an additional 3,714,004 shares during the last quarter. Vanguard Group Inc. raised its position in shares of LifePoint Health by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 3,310,467 shares of the company’s stock worth $222,299,000 after purchasing an additional 43,504 shares during the last quarter. LSV Asset Management raised its position in shares of LifePoint Health by 83.5% in the 2nd quarter. LSV Asset Management now owns 1,994,557 shares of the company’s stock worth $133,934,000 after purchasing an additional 907,469 shares during the last quarter. State Street Corp raised its position in shares of LifePoint Health by 2.1% in the 2nd quarter. State Street Corp now owns 1,132,914 shares of the company’s stock worth $76,075,000 after purchasing an additional 23,552 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of LifePoint Health by 130.6% in the 2nd quarter. Victory Capital Management Inc. now owns 816,147 shares of the company’s stock worth $54,804,000 after purchasing an additional 462,211 shares during the last quarter. 99.53% of the stock is owned by institutional investors and hedge funds.

LPNT has been the subject of several recent analyst reports. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $77.00 price target on shares of LifePoint Health in a research report on Wednesday, July 5th. BidaskClub lowered LifePoint Health from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Zacks Investment Research lowered LifePoint Health from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. ValuEngine raised LifePoint Health from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. Finally, TheStreet lowered LifePoint Health from a “b-” rating to a “c+” rating in a research report on Wednesday, August 16th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the stock. LifePoint Health has an average rating of “Hold” and a consensus target price of $60.57.

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LifePoint Health (NASDAQ:LPNT) last released its quarterly earnings results on Friday, October 27th. The company reported $0.80 EPS for the quarter, missing analysts’ consensus estimates 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 quarter last year, the business posted $0.94 earnings per share. The company’s quarterly revenue was down .7% compared to the same quarter last year.

LifePoint Health declared that its Board of Directors has initiated a stock repurchase program on Friday, October 27th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

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.

Institutional Ownership by Quarter for LifePoint Health (NASDAQ:LPNT)

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