Jane Street Group LLC Purchases New Position in LifePoint Health (LPNT)

Jane Street Group LLC purchased a new stake in LifePoint Health (NASDAQ:LPNT) during the 4th quarter, Holdings Channel reports. The firm purchased 6,725 shares of the company’s stock, valued at approximately $335,000.

Other hedge funds have also modified their holdings of the company. Cerebellum GP LLC acquired a new stake in LifePoint Health in the 4th quarter valued at $126,000. State of Alaska Department of Revenue acquired a new stake in LifePoint Health in the 4th quarter valued at $134,000. US Bancorp DE increased its stake in LifePoint Health by 62.4% in the 4th quarter. US Bancorp DE now owns 3,095 shares of the company’s stock valued at $155,000 after buying an additional 1,189 shares during the last quarter. OxFORD Asset Management LLP acquired a new stake in LifePoint Health in the 3rd quarter valued at $303,000. Finally, Stone Ridge Asset Management LLC acquired a new stake in LifePoint Health in the 4th quarter valued at $326,000.

LPNT has been the topic of several recent research reports. BidaskClub upgraded shares of LifePoint Health from a “strong sell” rating to a “sell” rating in a research note on Friday, December 15th. ValuEngine lowered shares of LifePoint Health from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Goldman Sachs initiated coverage on shares of LifePoint Health in a research note on Wednesday, January 3rd. They issued a “sell” rating and a $45.00 price target on the stock. Zacks Investment Research upgraded shares of LifePoint Health from a “strong sell” rating to a “hold” rating in a research note on Monday, January 22nd. Finally, Wells Fargo initiated coverage on shares of LifePoint Health in a research note on Tuesday, January 30th. They issued a “market perform” rating and a $52.00 price target on the stock. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the stock. LifePoint Health has a consensus rating of “Hold” and an average price target of $54.31.



LifePoint Health stock opened at $48.05 on Friday. The stock has a market cap of $1,882.62, a PE ratio of 13.10, a PEG ratio of 1.47 and a beta of 0.50. LifePoint Health has a fifty-two week low of $41.45 and a fifty-two week high of $67.95. The company has a current ratio of 1.70, a quick ratio of 1.49 and a debt-to-equity ratio of 1.26.

LifePoint Health (NASDAQ:LPNT) last released its quarterly earnings data on Friday, February 23rd. The company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.04). The firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.58 billion. LifePoint Health had a return on equity of 6.34% and a net margin of 1.46%. The firm’s revenue for the quarter was down 7.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.07 earnings per share. research analysts expect that LifePoint Health will post 4.23 EPS for the current fiscal year.

In related news, insider David M. Dill sold 45,000 shares of LifePoint Health stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $48.52, for a total transaction of $2,183,400.00. Following the completion of the sale, the insider now owns 252,673 shares of the company’s stock, valued at approximately $12,259,693.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman William F. Carpenter III bought 21,368 shares of LifePoint Health stock in a transaction that occurred on Wednesday, February 28th. The shares were bought at an average cost of $46.80 per share, with a total value of $1,000,022.40. Following the acquisition, the chairman now directly owns 482,668 shares in the company, valued at approximately $22,588,862.40. The disclosure for this purchase can be found here. Insiders own 8.76% of the company’s stock.

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

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