LifePoint Health, Inc. (NASDAQ:LPNT) – SunTrust Banks decreased their Q1 2018 EPS estimates for shares of LifePoint Health in a report issued on Monday. SunTrust Banks analyst D. Macdonald now expects that the company will post earnings of $1.01 per share for the quarter, down from their prior estimate of $1.06. SunTrust Banks currently has a “Hold” rating and a $54.00 target price on the stock. SunTrust Banks also issued estimates for LifePoint Health’s Q2 2018 earnings at $0.96 EPS, Q3 2018 earnings at $0.99 EPS, Q4 2018 earnings at $0.98 EPS, FY2018 earnings at $3.94 EPS, Q1 2019 earnings at $1.13 EPS, Q2 2019 earnings at $1.03 EPS and Q3 2019 earnings at $1.05 EPS.
LPNT has been the subject of a number of other research reports. Mizuho set a $50.00 price target on LifePoint Health and gave the stock a “hold” rating in a report on Friday, October 27th. BidaskClub cut LifePoint Health from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Royal Bank Of Canada reiterated a “buy” rating and set a $77.00 price target on shares of LifePoint Health in a report on Wednesday, July 5th. Zacks Investment Research upgraded LifePoint Health from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a report on Tuesday, July 4th. Finally, TheStreet cut LifePoint Health from a “b-” rating to a “c+” rating in a report on Wednesday, August 16th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $60.57.
LifePoint Health (NASDAQ:LPNT) traded down 2.49% during trading on Tuesday, hitting $46.95. The company had a trading volume of 413,219 shares. The stock has a 50-day moving average of $56.01 and a 200-day moving average of $60.23. The stock has a market capitalization of $1.88 billion, a PE ratio of 10.51 and a beta of 0.84. LifePoint Health has a one year low of $46.50 and a one year high of $70.95.
LifePoint Health (NASDAQ:LPNT) last posted its quarterly earnings data on Friday, October 27th. The company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.15). LifePoint Health had a return on equity of 7.01% and a net margin of 2.45%. The business had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.60 billion. During the same period in the prior year, the firm posted $0.94 EPS. LifePoint Health’s revenue for the quarter was down .7% on a year-over-year basis.
LifePoint Health announced that its board has authorized a share repurchase plan on Friday, October 27th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.
A number of hedge funds have recently modified their holdings of LPNT. Stevens Capital Management LP acquired a new stake in shares of LifePoint Health in the third quarter valued at approximately $1,395,000. Hussman Strategic Advisors Inc. acquired a new stake in shares of LifePoint Health in the third quarter valued at approximately $1,517,000. Parametrica Management Ltd acquired a new stake in shares of LifePoint Health in the third quarter valued at approximately $282,000. Victory Capital Management Inc. raised its position in shares of LifePoint Health by 19.3% in the third quarter. Victory Capital Management Inc. now owns 973,978 shares of the company’s stock valued at $56,393,000 after buying an additional 157,831 shares in the last quarter. Finally, First Quadrant L P CA acquired a new stake in shares of LifePoint Health in the third quarter valued at approximately $5,043,000. Hedge funds and other institutional investors own 99.53% of the company’s stock.
About LifePoint Health
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.
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