Healthinvest Partners Ab Decreased Stake in Lifepoint Health INC (NASDAQ:LPNT) by $6.83 Million as Shares Declined


Anders Hallberg decreased its stake in Lifepoint Health Inc (NASDAQ:LPNT) by 26.51% based on its latest 2016Q2 regulatory filing with the SEC. Healthinvest Partners Ab sold 99,000 shares as the company’s stock declined 4.76% while stock markets rallied. The hedge fund run by Anders Hallberg held 274,430 shares of the health care company at the end of 2016Q2, valued at $19.00M, down from 373,430 at the end of the previous reported quarter. Healthinvest Partners Ab who had been investing in Lifepoint Health Inc for a number of months, seems to be less bullish one the $2.46 billion market cap company. The stock decreased 1.42% or $0.83 during the last trading session, hitting $57.52. About 328,759 shares traded hands. LifePoint Health Inc (NASDAQ:LPNT) has declined 12.04% since February 8, 2016 and is downtrending. It has underperformed by 28.53% the S&P500.

The institutional sentiment increased to 0.98 in Q2 2016. Its up 0.09, from 0.89 in 2016Q1. The ratio improved, as 26 funds sold all LPNT shares owned while 85 reduced positions. 25 funds bought stakes while 84 increased positions. They now own 39.57 million shares or 1.02% less from 39.98 million shares in 2016Q1.

Smith Graham & Co. Investment Advisors Lp holds 1.03% of its portfolio in LPNT for 113,910 shares. Opus Capital Group Llc owns 62,724 shares or 0.91% of their US portfolio. Moreover, Malaga Cove Capital Llc has 0.71% invested in the company for 12,418 shares. The Ohio-based Diamond Hill Capital Management Inc has invested 0.7% in the stock. Monarch Partners Asset Management Llc, a Massachusetts-based fund reported 97,715 shares.

Out of 11 analysts covering Lifepoint Hospitals (NASDAQ:LPNT), 5 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 45% are positive. Lifepoint Hospitals has been the topic of 22 analyst reports since September 16, 2015 according to StockzIntelligence Inc. Barclays Capital maintained the stock on May 2 with “Underweight” rating.

LifePoint Health, Inc., formerly LifePoint Hospitals, Inc., through its subsidiaries, owns and operates community hospitals, regional health systems, physician practices, outpatient centers and post-acute facilities. The company has a market cap of $2.46 billion. The Firm operates through healthcare services segment. It has a 19.34 P/E ratio. The Firm operates over 70 hospital campuses in over 20 states, having a total of over 8,240 licensed beds.

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