Russell Investments Group Ltd. Acquires 38,228 Shares of LifePoint Health Inc (LPNT)

Saturday, June 30 2018

Russell Investments Group Ltd. Acquires 38,228 Shares of LifePoint Health Inc (LPNT)

Posted by Tim Robinson on Jun 30th, 2018 // No Comments
Russell Investments Group Ltd. grew its holdings in shares of LifePoint Health Inc (NASDAQ:LPNT) by 72.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 91,313 shares of the company’s stock after purchasing an additional 38,228 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.24% of LifePoint Health worth $4,303,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in LPNT. US Bancorp DE boosted its stake in LifePoint Health by 62.4% during the 4th quarter. US Bancorp DE now owns 3,095 shares of the company’s stock worth $155,000 after purchasing an additional 1,189 shares during the last quarter. Xact Kapitalforvaltning AB purchased a new position in shares of LifePoint Health during the 4th quarter worth $230,000. Alambic Investment Management L.P. purchased a new position in shares of LifePoint Health during the 1st quarter worth $240,000. Stone Ridge Asset Management LLC purchased a new position in shares of LifePoint Health during the 4th quarter worth $326,000. Finally, Jane Street Group LLC purchased a new position in shares of LifePoint Health during the 4th quarter worth $335,000. Get LifePoint Health alerts:
Several research analysts have recently commented on LPNT shares. Robert W. Baird reiterated a “buy” rating and set a $54.00 price target on shares of LifePoint Health in a report on Tuesday, March 27th. Mizuho started coverage on LifePoint Health in a report on Friday, March 23rd. They set a “neutral” rating on the stock. Leerink Swann lowered LifePoint Health from an “outperform” rating to a “market perform” rating and lifted their price target for the stock from $46.30 to $58.00 in a report on Monday, March 5th. Wolfe Research upgraded LifePoint Health from an “underperform” rating to a “peer perform” rating in a report on Friday, March 16th. Finally, UBS Group upgraded LifePoint Health from a “market perform” rating to an “outperform” rating in a report on Thursday, March 15th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $54.87. Shares of LPNT opened at $48.80 on Friday. The stock has a market capitalization of $1.91 billion, a P/E ratio of 13.13, a P/E/G ratio of 1.27 and a beta of 0.51. LifePoint Health Inc has a 12-month low of $41.45 and a 12-month high of $67.95. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.55 and a current ratio of 1.76.
LifePoint Health (NASDAQ:LPNT) last issued its quarterly earnings data on Friday, May 4th. The company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.09. The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.62 billion. LifePoint Health had a net margin of 0.48% and a return on equity of 6.56%. LifePoint Health’s revenue was down 1.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.07 EPS. analysts expect that LifePoint Health Inc will post 4.3 earnings per share for the current year.
LifePoint Health Profile
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.
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