Bank of America Corp DE Sells 11,512 Shares of LifePoint Health Inc (LPNT)

Bank of America Corp DE reduced its holdings in shares of LifePoint Health Inc (NASDAQ:LPNT) by 12.3% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 81,869 shares of the company’s stock after selling 11,512 shares during the period. Bank of America Corp DE’s holdings in LifePoint Health were worth $3,995,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bank of Montreal Can purchased a new stake in LifePoint Health during the 2nd quarter worth approximately $169,000. Campbell & CO Investment Adviser LLC purchased a new stake in LifePoint Health during the 2nd quarter worth approximately $211,000. Dynamic Technology Lab Private Ltd purchased a new stake in LifePoint Health during the 2nd quarter worth approximately $219,000. People s United Financial Inc. purchased a new stake in LifePoint Health during the 2nd quarter worth approximately $242,000. Finally, Acadian Asset Management LLC purchased a new stake in LifePoint Health during the 2nd quarter worth approximately $263,000.

NASDAQ LPNT opened at $64.86 on Thursday. The company has a quick ratio of 1.63, a current ratio of 1.85 and a debt-to-equity ratio of 1.27. LifePoint Health Inc has a 52 week low of $41.45 and a 52 week high of $65.35. The company has a market cap of $2.51 billion, a price-to-earnings ratio of 17.87, a PEG ratio of 1.72 and a beta of 0.64.

LifePoint Health (NASDAQ:LPNT) last posted its quarterly earnings results on Friday, October 26th. The company reported $1.24 EPS for the quarter, topping the consensus estimate of $0.99 by $0.25. LifePoint Health had a net margin of 0.59% and a return on equity of 7.85%. The company had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same quarter in the previous year, the business posted $0.80 EPS. The firm’s revenue was down 1.2% on a year-over-year basis. As a group, research analysts expect that LifePoint Health Inc will post 4.67 EPS for the current fiscal year.

Several equities research analysts recently weighed in on LPNT shares. ValuEngine raised shares of LifePoint Health from a “sell” rating to a “hold” rating in a research note on Tuesday, July 24th. William Blair reaffirmed a “hold” rating on shares of LifePoint Health in a research note on Friday, August 17th. BidaskClub raised shares of LifePoint Health from a “sell” rating to a “hold” rating in a research note on Wednesday, September 26th. Zacks Investment Research upgraded shares of LifePoint Health from a “hold” rating to a “strong-buy” rating and set a $74.00 price target for the company in a report on Wednesday, October 10th. Finally, BMO Capital Markets boosted their price target on shares of LifePoint Health from $62.00 to $65.00 and gave the stock a “market perform” rating in a report on Tuesday, July 24th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. LifePoint Health presently has a consensus rating of “Hold” and an average target price of $59.54.

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 in the United States. Its hospitals provide a range of medical and surgical services, such as general surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, diagnostic care, coronary care, rehabilitation, and pediatric, as well as specialized services, including open-heart surgery, skilled nursing, psychiatric care, and neuro-surgery.

See Also: Exchange-Traded Funds (ETFs)

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Institutional Ownership by Quarter for LifePoint Health (NASDAQ:LPNT)

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