LifePoint Health, Inc. (NASDAQ:LPNT) Reports 4Q17 Profit Down 28%

LifePoint Health

LifePoint Health

Its adjusted revenue was $1.49 billion, which also fell short of Street forecasts. (NASDAQ:LPNT) for 117,927 shares. Also Prnewswire.com published the news titled: "Hospitals Stocks' Research Reports Released on LifePoint Health, Select ..." on February 15, 2018. Credit Agricole S A reported 0% of its portfolio in LifePoint Health, Inc. They issued a market perform rating and a $52.00 target price for the company. Robert W. Baird set a $55.00 price objective on shares of LifePoint Health and gave the company a buy rating in a report on Monday, October 30th. It increased, as 19 investors sold LifePoint Health, Inc. shares while 61 reduced holdings.

Among 24 analysts covering Lifepoint Hospitals (NASDAQ:LPNT), 5 have Buy rating, 3 Sell and 16 Hold. The stock presently has a consensus rating of Hold and a consensus target price of $58.13.

Brentwood, Tenn. -based LifePoint Health saw revenues decline in the fourth quarter of 2017, and the company ended the period with a net loss.

On 3/30/2017 John P Bumpus, EVP, sold 33,333 with an average share price of $65.00 per share and the total transaction amounting to $2,166,645.00. The 7 months bearish chart indicates high risk for the $1.69B company. LifePoint Health has a 12-month low of $41.45 and a 12-month high of $67.95. (NASDAQ:LPNT). Prudential Financial Inc stated it has 0.04% in LifePoint Health, Inc.

Analysts polled by Thomson Reuters expected LifePoint Health, Inc.to reveal income of $ 0.83 per share on revenue of $ 1.58 billion for the fourth quarter. LifePoint Health's revenue for the quarter was down 7.2% on a year-over-year basis.

When adjusted to exclude the impact of the transfer of its home health and hospice service lines to IHHP, the company's normalized same-hospital revenues increased $6.4 million, or 0.4%, for the fourth quarter, compared to the same period previous year, the company stated.

LifePoint Health declared that its board has initiated a share buyback plan on Friday, October 27th that allows the company to buyback $200.00 million in shares.

Institutional investors and hedge funds have recently bought and sold shares of the business. This buyback authorization permits the company to purchase shares of its stock through open market purchases. The stock was sold at an average price of $44.73, for a total transaction of $174,760.11. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

In other LifePoint Health news, insider David M. Dill sold 45,000 shares of the stock in a transaction dated Tuesday, January 16th.

On 5/11/2017 Richard H Evans, Director, sold 2,000 with an average share price of $62.88 per share and the total transaction amounting to $125,760.00. US Bancorp DE now owns 3,095 shares of the company's stock worth $155,000 after acquiring an additional 1,189 shares during the last quarter. The disclosure for this sale can be found here.

LPNT has been the topic of several research reports. Cerebellum GP LLC bought a new position in LifePoint Health during the 4th quarter valued at about $126,000. Finally, Xact Kapitalforvaltning AB acquired a new position in LifePoint Health in the 4th quarter valued at $230,000. Bank of New York Mellon Corp grew its stake in LifePoint Health by 28.7% during the 3rd quarter. Stock buyback programs are generally a sign that the company's management believes its shares are undervalued. (NASDAQ:LPNT). Regent Management Ltd has invested 0.07% in LifePoint Health, Inc. 2,831,914 shares of the company's stock were exchanged, compared to its average volume of 406,112.

ILLEGAL ACTIVITY NOTICE: "LifePoint Health (LPNT) Given "Hold" Rating at Cantor Fitzgerald" was posted by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this report on another domain, it was copied illegally and republished in violation of US and worldwide copyright law.

LifePoint Health, Inc, through its subsidiaries, owns and operates community hospitals, regional health systems, physician practices, outpatient centers and post-acute facilities.

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