LifePoint Health, Inc. (NASDAQ:LPNT)’s share price hit a new 52-week low on Thursday . The stock traded as low as $44.85 and last traded at $44.90, with a volume of 143404 shares trading hands. The stock had previously closed at $45.50.

Several brokerages recently weighed in on LPNT. Mizuho set a $50.00 price objective on shares of LifePoint Health and gave the company a “hold” rating in a research report on Friday, October 27th. Credit Suisse Group began coverage on shares of LifePoint Health in a research report on Thursday, November 2nd. They set a “neutral” rating and a $54.00 price objective on the stock. TheStreet lowered shares of LifePoint Health from a “b-” rating to a “c+” rating in a research report on Wednesday, August 16th. ValuEngine lowered shares of LifePoint Health from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Zacks Investment Research lowered shares of LifePoint Health from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $60.14.

The firm has a market cap of $1,789.48, a price-to-earnings ratio of 11.58, a price-to-earnings-growth ratio of 1.18 and a beta of 0.68. The company has a quick ratio of 1.65, a current ratio of 1.85 and a debt-to-equity ratio of 1.24.

LifePoint Health (NASDAQ:LPNT) last announced its quarterly earnings results on Friday, October 27th. The company reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.15). The company had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.60 billion. LifePoint Health had a net margin of 2.45% and a return on equity of 7.01%. The business’s revenue was down .7% compared to the same quarter last year. During the same period last year, the company earned $0.94 earnings per share. equities analysts anticipate that LifePoint Health, Inc. will post 3.65 EPS for the current fiscal year.

LifePoint Health declared that its Board of Directors has initiated a stock buyback plan on Friday, October 27th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Several institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. grew its position in shares of LifePoint Health by 11,671.9% in the 1st quarter. BlackRock Inc. now owns 3,745,824 shares of the company’s stock valued at $245,351,000 after purchasing an additional 3,714,004 shares during the period. American Century Companies Inc. grew its position in shares of LifePoint Health by 7.7% in the 3rd quarter. American Century Companies Inc. now owns 3,630,487 shares of the company’s stock valued at $210,205,000 after purchasing an additional 260,944 shares during the period. Vanguard Group Inc. grew its position in shares of LifePoint Health by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 3,310,467 shares of the company’s stock valued at $222,299,000 after purchasing an additional 43,504 shares during the period. LSV Asset Management grew its position in shares of LifePoint Health by 83.5% in the 2nd quarter. LSV Asset Management now owns 1,994,557 shares of the company’s stock valued at $133,934,000 after purchasing an additional 907,469 shares during the period. Finally, State Street Corp grew its position in shares of LifePoint Health by 2.1% in the 2nd quarter. State Street Corp now owns 1,132,914 shares of the company’s stock valued at $76,075,000 after purchasing an additional 23,552 shares during the period. Institutional investors and hedge funds own 99.18% of the company’s stock.

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About LifePoint Health

LifePoint Health, Inc, through its subsidiaries, owns and operates community hospitals, regional health systems, physician practices, outpatient centers and post-acute facilities. As of December 31, 2016, the Company operated 72 hospital campuses in 22 states, having a total of 9,424 licensed beds. It offers a range of general and specialized healthcare services to patients through a network of hospitals and outpatient facilities.

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