Price Action To Observe: What’s Propelling LifePoint Health Inc to Reach 1 Year Low?

Price Action To Observe: What's Propelling LifePoint Health Inc to Reach 1 Year Low?

The stock of LifePoint Health Inc (NASDAQ:LPNT) hit a new 52-week low and has $49.10 target or 7.00% below today’s $52.80 share price. The 8 months bearish chart indicates high risk for the $2.14B company. The 1-year low was reported on Nov, 9 by Barchart.com. If the $49.10 price target is reached, the company will be worth $149.80 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 1.35 million shares traded hands or 151.94% up from the average. LifePoint Health Inc (NASDAQ:LPNT) has declined 10.77% since April 7, 2016 and is downtrending. It has underperformed by 15.55% the S&P500.

LifePoint Health Inc (NASDAQ:LPNT) Ratings Coverage

Out of 13 analysts covering Lifepoint Hospitals (NASDAQ:LPNT), 4 rate it a “Buy”, 2 “Sell”, while 7 “Hold”. This means 31% are positive. Lifepoint Hospitals has been the topic of 28 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Citigroup on Friday, October 2. The rating was maintained by Avondale on Tuesday, February 16 with “Market Outperform”. On Tuesday, February 16 the stock rating was maintained by Mizuho with “Neutral”. Cantor Fitzgerald maintained LifePoint Health Inc (NASDAQ:LPNT) on Monday, August 10 with “Hold” rating. RBC Capital Markets maintained LifePoint Health Inc (NASDAQ:LPNT) rating on Monday, August 3. RBC Capital Markets has “Outperform” rating and $107 price target. The firm has “Outperform” rating given on Tuesday, February 16 by RBC Capital Markets. The firm earned “Mkt Perform” rating on Wednesday, November 9 by Avondale. The stock has “Underweight” rating given by Barclays Capital on Wednesday, January 6. The rating was maintained by Raymond James with “Outperform” on Tuesday, August 2. The rating was initiated by Credit Suisse on Wednesday, December 16 with “Outperform”.

According to Zacks Investment Research, “LifePoint Hospitals, Inc. is engaged in the operation of general, acute care hospitals in non-urban communities. The company’s general, acute care hospitals usually provide the range of medical and surgical services commonly available in hospitals in non-urban markets. These hospitals also provide diagnostic and emergency services, as well as outpatient and ancillary services including outpatient surgery, laboratory, radiology, respiratory therapy and physical therapy.”

Insitutional Activity: The institutional sentiment increased to 0.98 in Q2 2016. Its up 0.09, from 0.89 in 2016Q1. The ratio is positive, as 26 funds sold all LifePoint Health Inc 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.
Royal State Bank Of Canada has 0% invested in the company for 65,161 shares. First Citizens Bank & Trust Com last reported 5,145 shares in the company. Creative Planning holds 0% or 720 shares in its portfolio. Ronald Blue And Limited Liability Com has 0.05% invested in the company for 18,060 shares. Meeder Asset Mgmt holds 0% of its portfolio in LifePoint Health Inc (NASDAQ:LPNT) for 329 shares. Arizona State Retirement System accumulated 16,929 shares or 0.02% of the stock. Massachusetts Finance Ma holds 0.02% or 646,857 shares in its portfolio. Advsrs Asset Management owns 1,618 shares or 0% of their US portfolio. Cubist Systematic Strategies Lc has 0.03% invested in the company for 8,594 shares. First Mercantile Tru has 1,200 shares for 0.01% of their US portfolio. Oakworth Capital accumulated 8 shares or 0% of the stock. Ibm Retirement Fund last reported 0.01% of its portfolio in the stock. Shell Asset Mngmt holds 0.04% of its portfolio in LifePoint Health Inc (NASDAQ:LPNT) for 27,885 shares. Proshare Ltd Liability Co reported 5,180 shares or 0% of all its holdings. Next Group Inc holds 16 shares or 0% of its portfolio.

More notable recent LifePoint Health Inc (NASDAQ:LPNT) news were published by: Businesswire.com which released: “LHC Group and LifePoint Health to Form Joint Venture” on November 02, 2016, also Businesswire.com with their article: “LifePoint Health Reports Third Quarter 2016 Results” published on October 28, 2016, Marketwatch.com published: “LifePoint Health misses profit views, cuts outlook” on July 29, 2016. More interesting news about LifePoint Health Inc (NASDAQ:LPNT) were released by: Businesswire.com and their article: “LifePoint Health Reports Fourth Quarter and Year-End 2015 Results” published on February 12, 2016 as well as Businesswire.com‘s news article titled: “Providence Hospitals Joins LifePoint Health” with publication date: February 02, 2016.

LPNT Company Profile

LifePoint Health, Inc., formerly LifePoint Hospitals, Inc., incorporated in August 12, 2004, through its subsidiaries, owns and operates community hospitals, regional health systems, physician practices, outpatient centers and post-acute facilities. The Firm operates through healthcare services segment. The Firm operates over 70 hospital campuses in over 20 states, having a total of over 8,240 licensed beds. It offers patient services at its facilities. The Company’s 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, and in some of its hospitals, the Company offers specialized services, such as open-heart surgery, skilled nursing, psychiatric care and neuro-surgery.

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