LifePoint Health Inc (LPNT) Position Lifted by American Century Companies Inc.

American Century Companies Inc. lifted its stake in LifePoint Health Inc (NASDAQ:LPNT) by 16.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 4,220,590 shares of the company’s stock after acquiring an additional 590,103 shares during the period. American Century Companies Inc. owned 0.11% of LifePoint Health worth $210,185,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Ameritas Investment Partners Inc. grew its position in shares of LifePoint Health by 2.6% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 12,080 shares of the company’s stock valued at $811,000 after buying an additional 305 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of LifePoint Health by 2.0% in the 2nd quarter. Wells Fargo & Company MN now owns 22,394 shares of the company’s stock valued at $1,504,000 after buying an additional 443 shares during the last quarter. Thrivent Financial For Lutherans grew its position in shares of LifePoint Health by 7.4% in the 2nd quarter. Thrivent Financial For Lutherans now owns 8,130 shares of the company’s stock valued at $546,000 after buying an additional 560 shares during the last quarter. Teachers Advisors LLC grew its position in shares of LifePoint Health by 1.3% in the 2nd quarter. Teachers Advisors LLC now owns 65,909 shares of the company’s stock valued at $4,426,000 after buying an additional 836 shares during the last quarter. Finally, US Bancorp DE grew its position in shares of LifePoint Health by 62.4% in the 4th quarter. US Bancorp DE now owns 3,095 shares of the company’s stock valued at $155,000 after buying an additional 1,189 shares during the last quarter.

In other news, insider David M. Dill sold 45,000 shares of the firm’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $48.52, for a total value of $2,183,400.00. Following the completion of the sale, the insider now owns 252,673 shares in the company, valued at approximately $12,259,693.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Marguerite Kondracke sold 3,907 shares of the firm’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $44.73, for a total transaction of $174,760.11. The disclosure for this sale can be found here. In the last quarter, insiders have sold 52,323 shares of company stock valued at $2,507,781. 8.76% of the stock is owned by company insiders.

LPNT has been the topic of a number of recent analyst reports. BMO Capital Markets initiated coverage on shares of LifePoint Health in a research report on Monday, October 16th. They issued a “market perform” rating and a $59.00 target price on the stock. Goldman Sachs Group initiated coverage on shares of LifePoint Health in a research report on Wednesday, January 3rd. They issued a “sell” rating and a $45.00 target price on the stock. Citigroup dropped their target price on shares of LifePoint Health from $70.00 to $60.00 and set a “buy” rating on the stock in a research report on Monday, October 30th. KeyCorp reiterated a “hold” rating on shares of LifePoint Health in a research note on Sunday, October 29th. Finally, SunTrust Banks set a $54.00 price target on shares of LifePoint Health and gave the stock a “hold” rating in a research note on Tuesday, October 31st. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $58.67.

Shares of LifePoint Health Inc (LPNT) opened at $47.70 on Wednesday. The firm has a market cap of $1,840.00, a price-to-earnings ratio of 11.30, a P/E/G ratio of 1.11 and a beta of 0.52. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.65 and a current ratio of 1.85. LifePoint Health Inc has a 52 week low of $42.50 and a 52 week high of $70.95.

LifePoint Health announced that its board has approved a stock buyback program on Friday, October 27th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

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

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