LifePoint Health, Inc. (LPNT) Shares Sold by ProShare Advisors LLC
ProShare Advisors LLC reduced its stake in shares of LifePoint Health, Inc. (NASDAQ:LPNT) by 13.7% in the second quarter, according to its most recent filing with the SEC. The fund owned 3,732 shares of the company’s stock after selling 590 shares during the period. ProShare Advisors LLC’s holdings in LifePoint Health were worth $251,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Teacher Retirement System of Texas lifted its holdings in shares of LifePoint Health by 0.3% during the 2nd quarter. Teacher Retirement System of Texas now owns 3,211 shares of the company’s stock worth $216,000 after acquiring an additional 9 shares during the last quarter. US Bancorp DE lifted its holdings in shares of LifePoint Health by 0.8% during the 2nd quarter. US Bancorp DE now owns 1,947 shares of the company’s stock worth $130,000 after acquiring an additional 16 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of LifePoint Health by 1.0% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,891 shares of the company’s stock worth $396,000 after acquiring an additional 56 shares during the last quarter. Meeder Asset Management Inc. lifted its holdings in shares of LifePoint Health by 0.6% during the 2nd quarter. Meeder Asset Management Inc. now owns 13,547 shares of the company’s stock worth $909,000 after acquiring an additional 76 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of LifePoint Health by 10.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,678 shares of the company’s stock worth $113,000 after acquiring an additional 164 shares during the last quarter. 99.53% of the stock is owned by institutional investors.
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A number of analysts have recently issued reports on LPNT shares. BidaskClub raised shares of LifePoint Health from a “hold” rating to a “buy” rating in a report on Friday, June 30th. Zacks Investment Research raised shares of LifePoint Health from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a report on Tuesday, July 4th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $77.00 price objective on shares of LifePoint Health in a report on Wednesday, July 5th. ValuEngine raised shares of LifePoint Health from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Finally, TheStreet downgraded shares of LifePoint Health from a “b-” rating to a “c+” rating in a report on Wednesday, August 16th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company. LifePoint Health presently has an average rating of “Hold” and an average price target of $66.33.
LifePoint Health (NASDAQ:LPNT) last released its earnings results on Tuesday, August 1st. The company reported $0.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.06. The firm had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.64 billion. LifePoint Health had a net margin of 2.61% and a return on equity of 7.40%. The business’s revenue was up .2% on a year-over-year basis. During the same quarter last year, the business earned $0.69 EPS.
In other news, Chairman William F. Carpenter III sold 17,653 shares of the firm’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $65.06, for a total value of $1,148,504.18. Following the completion of the sale, the chairman now owns 439,841 shares in the company, valued at approximately $28,616,055.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 8.76% of the stock is currently owned by company insiders.
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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