Retirement Systems of Alabama raised its position in LifePoint Hospitals Inc. (NASDAQ:LPNT) by 268.3% during the second quarter, Holdings Channel reports. The firm owned 204,855 shares of the company’s stock after buying an additional 149,237 shares during the period. Retirement Systems of Alabama’s holdings in LifePoint Hospitals were worth $13,391,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in LPNT. Acrospire Investment Management LLC acquired a new stake in shares of LifePoint Hospitals during the first quarter worth $125,000. Bank of Montreal Can purchased a new position in LifePoint Hospitals during the second quarter worth $168,000. 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 last quarter. Invictus RG boosted its position 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 last quarter. Finally, OMERS ADMINISTRATION Corp purchased a new position in LifePoint Hospitals during the first quarter worth $319,000. 97.10% of the stock is owned by hedge funds and other institutional investors.
LifePoint Hospitals Inc. (NASDAQ:LPNT) traded down 1.47% during midday trading on Monday, reaching $58.36. 511,545 shares of the company traded hands. LifePoint Hospitals Inc. has a 12 month low of $54.82 and a 12 month high of $76.39. The firm’s 50 day moving average price is $57.45 and its 200 day moving average price is $64.16. The firm has a market capitalization of $2.49 billion, a price-to-earnings ratio of 19.43 and a beta of 0.88.
LifePoint Hospitals (NASDAQ:LPNT) last posted 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. LifePoint Hospitals had a net margin of 2.08% and a return on equity of 7.14%. The firm earned $1.59 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same quarter in the previous year, the business posted $1.00 earnings per share. The business’s quarterly revenue was up 25.3% compared to the same quarter last year. On average, analysts expect that LifePoint Hospitals Inc. will post $3.51 earnings per share for the current year.
A number of research firms have weighed in on LPNT. Citigroup Inc. upped their price objective on shares of LifePoint Hospitals from $75.00 to $82.00 and gave the company a “buy” rating in a research report on Monday, June 6th. Credit Suisse Group AG reissued a “buy” rating on shares of LifePoint Hospitals in a research report on Tuesday, June 28th. Zacks Investment Research cut shares of LifePoint Hospitals from a “hold” rating to a “sell” rating in a research report on Wednesday, July 6th. Mizuho decreased their price objective on shares of LifePoint Hospitals from $61.50 to $56.00 and set a “neutral” rating for the company in a research report on Monday, August 1st. Finally, Wedbush reissued a “neutral” rating and issued a $66.00 price objective (down from $80.00) on shares of LifePoint Hospitals in a research report on Monday, August 1st. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company’s stock. The stock 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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