Reservoir Operations Exits Position in LifePoint Health Inc (LPNT)

LifePoint Health Inc (LPNT) : Reservoir Operations has sold out all of its stake in LifePoint Health Inc during the most recent quarter, according to the disclosure filed by the company on Aug 11, 2016 with the SEC. The investment management company has sold out 118,919 shares of LifePoint Health Inc which is valued at $6,891,356.

Other Hedge Funds, Including , Raymond James Associates boosted its stake in LPNT in the latest quarter, The investment management firm added 2,315 additional shares and now holds a total of 30,131 shares of LifePoint Health Inc which is valued at $1,746,091. LifePoint Health Inc makes up approx 0.01% of Raymond James Associates’s portfolio. 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 closed down -0.17 points or -0.30% at $56.32 with 2,54,200 shares getting traded on Tuesday. Post opening the session at $56.51, the shares hit an intraday low of $56.29 and an intraday high of $57.35 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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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