LifePoint Health Inc (LPNT) Insider David M. Dill Sells 18,800 Shares
LifePoint Health Inc (NASDAQ:LPNT) insider David M. Dill sold 18,800 shares of the stock in a transaction on Thursday, March 16th. The stock was sold at an average price of $62.22, for a total transaction of $1,169,736.00. Following the sale, the insider now owns 207,873 shares of the company’s stock, valued at approximately $12,933,858.06. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
LifePoint Health Inc (NASDAQ:LPNT) traded down 1.69% during mid-day trading on Monday, hitting $61.05. 465,961 shares of the stock traded hands. The firm has a market cap of $2.44 billion, a price-to-earnings ratio of 21.65 and a beta of 0.87. The stock has a 50-day moving average of $62.56 and a 200 day moving average of $59.29. LifePoint Health Inc has a 1-year low of $50.60 and a 1-year high of $75.70.
LifePoint Health (NASDAQ:LPNT) last announced its quarterly earnings results on Friday, February 17th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.02. LifePoint Health had a net margin of 1.93% and a return on equity of 7.02%. The company earned $1.61 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter in the previous year, the company posted $1.11 earnings per share. The company’s revenue for the quarter was up 17.1% compared to the same quarter last year. On average, equities analysts expect that LifePoint Health Inc will post $4.18 EPS for the current year.
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Several institutional investors have recently made changes to their positions in the stock. Letko Brosseau & Associates Inc. increased its position in shares of LifePoint Health by 38.1% in the fourth quarter. Letko Brosseau & Associates Inc. now owns 1,386,589 shares of the company’s stock valued at $78,758,000 after buying an additional 382,785 shares during the period. Nordea Investment Management AB increased its position in shares of LifePoint Health by 3,757.5% in the third quarter. Nordea Investment Management AB now owns 378,383 shares of the company’s stock valued at $22,412,000 after buying an additional 368,574 shares during the period. Norges Bank purchased a new position in shares of LifePoint Health during the fourth quarter valued at about $19,865,000. Peregrine Capital Management LLC purchased a new position in shares of LifePoint Health during the third quarter valued at about $13,453,000. Finally, Russell Investments Group Ltd. purchased a new position in shares of LifePoint Health during the fourth quarter valued at about $11,906,000. 99.88% of the stock is owned by institutional investors.
A number of brokerages recently weighed in on LPNT. Zacks Investment Research upgraded shares of LifePoint Health from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a research note on Wednesday, November 30th. Mizuho increased their price target on shares of LifePoint Health from $50.00 to $57.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 21st. TheStreet upgraded shares of LifePoint Health from a “c+” rating to a “b-” rating in a research note on Monday, March 13th. Cantor Fitzgerald reiterated a “neutral” rating on shares of LifePoint Health in a research note on Tuesday, February 21st. Finally, Piper Jaffray Companies began coverage on shares of LifePoint Health in a research note on Wednesday, January 4th. They set a “neutral” rating and a $62.00 price target for the company. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $65.30.
About LifePoint Health
LifePoint Health, Inc, formerly LifePoint Hospitals, Inc, through its subsidiaries, owns and operates community hospitals, regional health systems, physician practices, outpatient centers and post-acute facilities. The Company operates through healthcare services segment. The Company operates over 70 hospital campuses in over 20 states, having a total of over 8,240 licensed beds.
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