Insider Selling: LifePoint Health Inc (LPNT) Insider Sells 45,000 Shares of Stock

LifePoint Health Inc (NASDAQ:LPNT) insider David M. Dill sold 45,000 shares of LifePoint Health stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $48.52, for a total value of $2,183,400.00. Following the sale, the insider now directly owns 252,673 shares of the company’s stock, valued at $12,259,693.96. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

LifePoint Health Inc (NASDAQ LPNT) opened at $48.25 on Friday. The stock has a market capitalization of $1,919.55, a PE ratio of 11.41, a P/E/G ratio of 1.15 and a beta of 0.67. LifePoint Health Inc has a 52-week low of $42.50 and a 52-week high of $70.95. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.85 and a quick ratio of 1.65.

LifePoint Health (NASDAQ:LPNT) last issued its quarterly earnings results on Friday, October 27th. The company reported $0.80 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.95 by ($0.15). The company had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.60 billion. LifePoint Health had a net margin of 2.45% and a return on equity of 7.01%. The business’s revenue was down .7% on a year-over-year basis. During the same quarter last year, the firm earned $0.94 EPS. equities analysts expect that LifePoint Health Inc will post 3.65 earnings per share for the current fiscal year.

LifePoint Health declared that its Board of Directors has initiated a stock buyback plan on Friday, October 27th that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Several analysts have recently weighed in on the company. Credit Suisse Group assumed coverage on LifePoint Health in a report on Thursday, November 2nd. They issued a “neutral” rating and a $54.00 target price for the company. Leerink Swann reissued an “outperform” rating and issued a $58.00 target price (down from $74.00) on shares of LifePoint Health in a report on Tuesday, October 31st. They noted that the move was a valuation call. BidaskClub raised LifePoint Health from a “strong sell” rating to a “sell” rating in a report on Friday, December 15th. SunTrust Banks set a $60.00 target price on LifePoint Health and gave the company a “hold” rating in a report on Thursday, October 12th. Finally, Raymond James Financial reissued a “market perform” rating on shares of LifePoint Health in a report on Monday, October 30th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $59.14.

A number of hedge funds have recently modified their holdings of the stock. State of Alaska Department of Revenue acquired a new position in LifePoint Health in the 4th quarter valued at about $134,000. Schwab Charles Investment Management Inc. increased its position in LifePoint Health by 14.0% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 169,543 shares of the company’s stock valued at $8,444,000 after acquiring an additional 20,781 shares during the period. Profit Investment Management LLC increased its position in LifePoint Health by 41.2% in the 4th quarter. Profit Investment Management LLC now owns 43,304 shares of the company’s stock valued at $2,157,000 after acquiring an additional 12,640 shares during the period. Public Employees Retirement System of Ohio increased its position in LifePoint Health by 20.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 15,429 shares of the company’s stock valued at $893,000 after acquiring an additional 2,660 shares during the period. Finally, California Public Employees Retirement System increased its position in LifePoint Health by 4.4% in the 3rd quarter. California Public Employees Retirement System now owns 186,689 shares of the company’s stock valued at $10,809,000 after acquiring an additional 7,903 shares during the period.

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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. As of December 31, 2016, the Company operated 72 hospital campuses in 22 states, having a total of 9,424 licensed beds. It offers a range of general and specialized healthcare services to patients through a network of hospitals and outpatient facilities.

Insider Buying and Selling by Quarter for LifePoint Health (NASDAQ:LPNT)

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