Eaton Vance Management reduced its stake in LifePoint Hospitals Inc. (NASDAQ:LPNT) by 66.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,979 shares of the company’s stock after selling 20,000 shares during the period. Eaton Vance Management’s holdings in LifePoint Hospitals were worth $652,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Fuller & Thaler Asset Management Inc. purchased a new position in LifePoint Hospitals during the second quarter worth approximately $111,000. Acrospire Investment Management LLC purchased a new position in LifePoint Hospitals during the first quarter worth approximately $125,000. Bank of Montreal Can purchased a new position in LifePoint Hospitals during the second quarter worth approximately $168,000. Advance Capital I Inc. purchased a new position in LifePoint Hospitals during the second quarter worth approximately $261,000. Finally, Oakbrook Investments LLC boosted its position in LifePoint Hospitals by 22.3% in the second quarter. Oakbrook Investments LLC now owns 4,385 shares of the company’s stock worth $287,000 after buying an additional 800 shares during the period. Institutional investors own 97.10% of the company’s stock.
Shares of LifePoint Hospitals Inc. (NASDAQ:LPNT) traded down 0.31% during trading on Thursday, hitting $58.73. The company’s stock had a trading volume of 106,608 shares. The company has a market cap of $2.51 billion, a PE ratio of 19.56 and a beta of 0.82. LifePoint Hospitals Inc. has a 52 week low of $54.82 and a 52 week high of $76.39. The firm’s 50 day moving average price is $57.38 and its 200-day moving average price is $64.29.
LifePoint Hospitals (NASDAQ:LPNT) last issued its earnings results on Friday, July 29th. The company reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by $0.19. The company earned $1.59 billion during the quarter, compared to analyst estimates of $1.61 billion. LifePoint Hospitals had a net margin of 2.08% and a return on equity of 7.14%. The business’s revenue for the quarter was up 25.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.00 EPS. On average, analysts predict that LifePoint Hospitals Inc. will post $3.51 earnings per share for the current year.
LPNT has been the topic of a number of research reports. Credit Suisse Group AG restated a “buy” rating on shares of LifePoint Hospitals in a research note on Tuesday, June 28th. Citigroup Inc. upped their price target on LifePoint Hospitals from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Monday, June 6th. TheStreet cut LifePoint Hospitals from a “buy” rating to a “hold” rating in a research note on Thursday, August 25th. Zacks Investment Research upgraded LifePoint Hospitals from a “sell” rating to a “hold” rating in a research note on Wednesday, August 3rd. Finally, Mizuho decreased their price target on LifePoint Hospitals from $61.50 to $56.00 and set a “neutral” rating on the stock in a research note on Monday, August 1st. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $72.88.
About LifePoint Hospitals
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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