Deutsche Bank AG cut its position in shares of LifePoint Health (NASDAQ:LPNT) by 44.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 61,484 shares of the company’s stock after selling 49,506 shares during the quarter. Deutsche Bank AG owned 0.16% of LifePoint Health worth $3,060,000 as of its most recent filing with the SEC.
Other hedge funds have also recently modified their holdings of the company. Cerebellum GP LLC acquired a new position in LifePoint Health during the fourth quarter worth $126,000. State of Alaska Department of Revenue acquired a new position in LifePoint Health during the fourth quarter worth $134,000. US Bancorp DE raised its holdings in LifePoint Health by 62.4% during the fourth quarter. US Bancorp DE now owns 3,095 shares of the company’s stock worth $155,000 after purchasing an additional 1,189 shares during the last quarter. OxFORD Asset Management LLP acquired a new position in LifePoint Health during the third quarter worth $303,000. Finally, Jefferies Group LLC raised its holdings in shares of LifePoint Health by 115.0% in the fourth quarter. Jefferies Group LLC now owns 8,647 shares of the company’s stock worth $431,000 after acquiring an additional 4,626 shares during the last quarter.
In other LifePoint Health news, Chairman William F. Carpenter III bought 21,368 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was purchased at an average cost of $46.80 per share, for a total transaction of $1,000,022.40. Following the completion of the purchase, the chairman now owns 482,668 shares of the company’s stock, valued at approximately $22,588,862.40. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 8.76% of the company’s stock.
LifePoint Health stock opened at $49.65 on Friday. The firm has a market capitalization of $1,950.83, a P/E ratio of 13.68, a price-to-earnings-growth ratio of 1.52 and a beta of 0.50. LifePoint Health has a 52 week low of $41.45 and a 52 week high of $67.95. The company has a quick ratio of 1.49, a current ratio of 1.70 and a debt-to-equity ratio of 1.26.
LifePoint Health (NASDAQ:LPNT) last released its earnings results on Friday, February 23rd. The company reported $0.77 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by ($0.04). The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.58 billion. LifePoint Health had a net margin of 1.46% and a return on equity of 6.34%. The business’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.07 earnings per share. research analysts predict that LifePoint Health will post 4.23 EPS for the current year.
A number of research firms have recently weighed in on LPNT. Robert W. Baird reissued a “buy” rating and issued a $54.00 price target on shares of LifePoint Health in a report on Tuesday, March 27th. Mizuho began coverage on LifePoint Health in a report on Friday, March 23rd. They issued a “neutral” rating for the company. Wolfe Research raised LifePoint Health from an “underperform” rating to a “peer perform” rating in a report on Friday, March 16th. Raymond James raised LifePoint Health from a “market perform” rating to an “outperform” rating and set a $57.00 price target for the company in a report on Thursday, March 15th. Finally, UBS raised LifePoint Health from a “market perform” rating to an “outperform” rating in a report on Thursday, March 15th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $54.31.
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 in the United States. Its hospitals provide a range of medical and surgical services, such as general surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, diagnostic care, coronary care, rehabilitation, and pediatric, as well as specialized services, including open-heart surgery, skilled nursing, psychiatric care, and neuro-surgery.
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