IBM Retirement Fund cut its stake in LifePoint Hospitals Inc. (NASDAQ:LPNT) by 9.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,067 shares of the company’s stock after selling 417 shares during the period. IBM Retirement Fund’s holdings in LifePoint Hospitals were worth $266,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of LPNT. State Street Corp increased its stake in shares of LifePoint Hospitals by 3.8% in the first quarter. State Street Corp now owns 1,245,127 shares of the company’s stock valued at $86,231,000 after buying an additional 45,899 shares in the last quarter. Wellington Management Group LLP increased its stake in LifePoint Hospitals by 24.2% in the first quarter. Wellington Management Group LLP now owns 2,638,750 shares of the company’s stock worth $182,734,000 after buying an additional 514,947 shares during the period. Renaissance Technologies LLC increased its stake in LifePoint Hospitals by 116.1% in the first quarter. Renaissance Technologies LLC now owns 187,630 shares of the company’s stock worth $12,993,000 after buying an additional 100,800 shares during the period. Geode Capital Management LLC increased its stake in LifePoint Hospitals by 1.9% in the first quarter. Geode Capital Management LLC now owns 299,299 shares of the company’s stock worth $20,726,000 after buying an additional 5,723 shares during the period. Finally, Invictus RG increased its stake in LifePoint Hospitals by 6,625.0% in the first quarter. Invictus RG now owns 4,304 shares of the company’s stock worth $298,000 after buying an additional 4,240 shares during the period. 97.10% of the stock is owned by institutional investors and hedge funds.
Shares of LifePoint Hospitals Inc. (NASDAQ:LPNT) traded up 1.77% during mid-day trading on Friday, hitting $59.23. The stock had a trading volume of 342,844 shares. The stock has a 50 day moving average price of $57.44 and a 200-day moving average price of $64.20. LifePoint Hospitals Inc. has a 52-week low of $54.82 and a 52-week high of $76.39. The company has a market cap of $2.53 billion, a PE ratio of 19.72 and a beta of 0.82.
LifePoint Hospitals (NASDAQ:LPNT) last announced 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 firm 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 firm’s revenue for the quarter was up 25.3% compared to the same quarter last year. During the same period last year, the company earned $1.00 earnings per share. On average, equities analysts expect that LifePoint Hospitals Inc. will post $3.51 earnings per share for the current fiscal year.
A number of research firms recently commented on LPNT. Citigroup Inc. reaffirmed a “buy” rating and set a $68.00 target price on shares of LifePoint Hospitals in a report on Friday. Mizuho decreased their target price on LifePoint Hospitals from $61.50 to $56.00 and set a “neutral” rating for the company in a report on Monday, August 1st. Zacks Investment Research raised LifePoint Hospitals from a “sell” rating to a “hold” rating in a report on Wednesday, August 3rd. Raymond James Financial Inc. decreased their target price on LifePoint Hospitals from $75.00 to $65.00 and set an “outperform” rating for the company in a report on Tuesday, August 2nd. Finally, Credit Suisse Group AG reaffirmed a “buy” rating on shares of LifePoint Hospitals in a report on Tuesday, June 28th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the stock. LifePoint Hospitals has a consensus rating of “Hold” and an average price target of $72.06.
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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