GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in shares of LifePoint Health Inc (NASDAQ:LPNT) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 119,971 shares of the company’s stock, valued at approximately $7,726,000. GABELLI & Co INVESTMENT ADVISERS INC. owned 0.31% of LifePoint Health as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently bought and sold shares of LPNT. BlackRock Inc. raised its position in LifePoint Health by 29.9% during the second quarter. BlackRock Inc. now owns 4,474,205 shares of the company’s stock worth $218,340,000 after acquiring an additional 1,030,415 shares during the period. Northern Trust Corp raised its position in LifePoint Health by 65.5% during the second quarter. Northern Trust Corp now owns 569,724 shares of the company’s stock worth $27,802,000 after acquiring an additional 225,428 shares during the period. SG Americas Securities LLC raised its position in LifePoint Health by 3,244.5% during the second quarter. SG Americas Securities LLC now owns 207,294 shares of the company’s stock worth $10,116,000 after acquiring an additional 201,096 shares during the period. Gamco Investors INC. ET AL acquired a new position in LifePoint Health during the third quarter worth $10,125,000. Finally, Kassirer Asset Management Corp acquired a new stake in shares of LifePoint Health in the third quarter valued at about $6,946,000.
LifePoint Health stock opened at $64.85 on Monday. LifePoint Health Inc has a 12-month low of $41.45 and a 12-month high of $65.35. The stock has a market cap of $2.51 billion, a P/E ratio of 17.87, a PEG ratio of 1.73 and a beta of 0.51. The company has a quick ratio of 1.63, a current ratio of 1.85 and a debt-to-equity ratio of 1.22.
LifePoint Health (NASDAQ:LPNT) last released its quarterly earnings data on Friday, October 26th. The company reported $1.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.25. The firm had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.55 billion. LifePoint Health had a net margin of 0.59% and a return on equity of 7.80%. LifePoint Health’s revenue was down 1.2% compared to the same quarter last year. During the same period last year, the business earned $0.80 earnings per share. As a group, equities research analysts predict that LifePoint Health Inc will post 4.62 earnings per share for the current year.
LPNT has been the subject of a number of recent research reports. ValuEngine upgraded shares of LifePoint Health from a “sell” rating to a “hold” rating in a research report on Tuesday, July 24th. William Blair restated a “hold” rating on shares of LifePoint Health in a research report on Friday, August 17th. BidaskClub upgraded shares of LifePoint Health from a “sell” rating to a “hold” rating in a research report 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 objective for the company in a research report on Wednesday, October 10th. Finally, BMO Capital Markets raised their price objective on shares of LifePoint Health from $62.00 to $65.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 24th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target 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.
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