Handelsinvest Investeringsforvaltning Lowers stake in LifePoint Health Inc (LPNT)

LifePoint Health Inc (LPNT) : Handelsinvest Investeringsforvaltning reduced its stake in LifePoint Health Inc by 32.66% during the most recent quarter end. The investment management company now holds a total of 46,800 shares of LifePoint Health Inc which is valued at $2,694,276 after selling 22,700 shares in LifePoint Health Inc , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.LifePoint Health Inc makes up approximately 0.98% of Handelsinvest Investeringsforvaltning’s portfolio.

Other Hedge Funds, Including , Oxford Asset Management sold out all of its stake in LPNT during the most recent quarter. The investment firm sold 27,629 shares of LPNT which is valued $1,590,602. Advisory Services Network sold out all of its stake in LPNT during the most recent quarter. The investment firm sold 500 shares of LPNT which is valued $32,415. Simplex Trading sold out all of its stake in LPNT during the most recent quarter. The investment firm sold 141 shares of LPNT which is valued $9,345.

LifePoint Health Inc opened for trading at $58.23 and hit $58.7199 on the upside on Monday, eventually ending the session at $58.41, with a gain of 0.79% or 0.46 points. The heightened volatility saw the trading volume jump to 3,72,345 shares. Company has a market cap of $2,493 M.

On the company’s financial health, LifePoint Health Inc reported $0.71 EPS for the quarter, missing the analyst consensus estimate by $ -0.19 based on the information available during the earnings call on Jul 29, 2016. Analyst had a consensus of $0.90. The company had revenue of $1592.40 million for the quarter, compared to analysts expectations of $1607.66 million. The company’s revenue was up 25.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.00 EPS.

Many Wall Street Analysts have commented on LifePoint Health Inc. Shares were Reiterated by Mizuho on Aug 1, 2016 to “Neutral” and Lowered the Price Target to $ 56 from a previous price target of $61.50 .Shares were Reiterated by RBC Capital Mkts on Aug 1, 2016 to “Outperform” and Lowered the Price Target to $ 77 from a previous price target of $84 .

LifePoint Health Inc. formerly LifePoint Hospitals Inc. provides healthcare services. Through its subsidiaries the Company operates general acute care hospitals primarily in non-urban communities in the United States. Its hospitals provide a range of medical and surgical services in hospitals in non-urban markets. The Company’s services include general surgery internal medicine obstetrics emergency room care radiology oncology diagnostic care coronary care rehabilitation services and pediatric services. In some of its hospitals the Company offers services such as open-heart surgery skilled nursing psychiatric care and neuro-surgery. LifePoint provides outpatient services such as same-day surgery laboratory x-ray respiratory therapy imaging sports medicine and lithotripsy. The Company operates approximately 67 hospital campuses in 21 states having a total of approximately 8254 licensed beds.

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