Welch Group Upped Paychex (PAYX) Holding by $313,821; Market Value Declined; Lifepoint Health (LPNT) Position Has Raised by Schwab Charles Investment Management Inc

February 15, 2018 - By Linda Rogers

Schwab Charles Investment Management Inc increased its stake in Lifepoint Health Inc (LPNT) by 7.79% based on its latest 2017Q3 regulatory filing with the SEC. Schwab Charles Investment Management Inc bought 10,757 shares as the company’s stock declined 3.05% while stock markets rallied. The institutional investor held 148,762 shares of the health care company at the end of 2017Q3, valued at $8.61 million, up from 138,005 at the end of the previous reported quarter. Schwab Charles Investment Management Inc who had been investing in Lifepoint Health Inc for a number of months, seems to be bullish on the $1.91 billion market cap company. The stock increased 1.15% or $0.55 during the last trading session, reaching $48.4. About 59,829 shares traded. LifePoint Health, Inc. (NASDAQ:LPNT) has declined 5.01% since February 15, 2017 and is downtrending. It has underperformed by 21.71% the S&P500.

Welch Group Llc increased its stake in Paychex Inc (PAYX) by 1.9% based on its latest 2017Q3 regulatory filing with the SEC. Welch Group Llc bought 5,319 shares as the company’s stock declined 2.74% while stock markets rallied. The institutional investor held 284,777 shares of the consumer services company at the end of 2017Q3, valued at $17.08 million, up from 279,458 at the end of the previous reported quarter. Welch Group Llc who had been investing in Paychex Inc for a number of months, seems to be bullish on the $23.57 billion market cap company. The stock increased 0.40% or $0.26 during the last trading session, reaching $65.63. About 477,076 shares traded. Paychex, Inc. (NASDAQ:PAYX) has risen 11.22% since February 15, 2017 and is uptrending. It has underperformed by 5.48% the S&P500.

Schwab Charles Investment Management Inc, which manages about $114.50B US Long portfolio, decreased its stake in Greenhill & Co Inc (NYSE:GHL) by 23,022 shares to 260,778 shares, valued at $4.33M in 2017Q3, according to the filing. It also reduced its holding in General Cable Corp Del New (NYSE:BGC) by 48,410 shares in the quarter, leaving it with 630,901 shares, and cut its stake in Heico Corp New (NYSE:HEI.A).

Among 24 analysts covering Lifepoint Hospitals (NASDAQ:LPNT), 5 have Buy rating, 3 Sell and 16 Hold. Therefore 21% are positive. Lifepoint Hospitals had 55 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Buy” rating by RBC Capital Markets given on Monday, October 9. The rating was initiated by Credit Suisse on Friday, November 3 with “Hold”. RBC Capital Markets maintained it with “Outperform” rating and $107 target in Monday, August 3 report. Raymond James upgraded the stock to “Outperform” rating in Wednesday, January 6 report. On Thursday, October 22 the stock rating was downgraded by Mizuho to “Neutral”. RBC Capital Markets maintained LifePoint Health, Inc. (NASDAQ:LPNT) on Wednesday, July 5 with “Buy” rating. Robert W. Baird maintained LifePoint Health, Inc. (NASDAQ:LPNT) on Thursday, October 12 with “Buy” rating. The company was downgraded on Wednesday, November 9 by Bank of America. Barclays Capital maintained it with “Underweight” rating and $70 target in Monday, May 2 report. The rating was maintained by RBC Capital Markets with “Outperform” on Tuesday, February 16.

Investors sentiment increased to 1.3 in 2017 Q3. Its up 0.12, from 1.18 in 2017Q2. It is positive, as 19 investors sold LPNT shares while 61 reduced holdings. 31 funds opened positions while 73 raised stakes. 40.50 million shares or 0.54% more from 40.28 million shares in 2017Q2 were reported. The Connecticut-based Aqr Management Limited Liability Company has invested 0.01% in LifePoint Health, Inc. (NASDAQ:LPNT). Northwestern Mutual Wealth Management has 31 shares for 0% of their portfolio. The Maryland-based Profund Advisors Limited Liability Com has invested 0.01% in LifePoint Health, Inc. (NASDAQ:LPNT). Pub Employees Retirement Association Of Colorado holds 0% or 7,749 shares in its portfolio. Diamond Hill Mngmt invested in 1.61 million shares or 0.49% of the stock. Moreover, Stevens Cap Management Lp has 0.05% invested in LifePoint Health, Inc. (NASDAQ:LPNT) for 24,093 shares. The Sweden-based Nordea Invest Mgmt Ab has invested 0.08% in LifePoint Health, Inc. (NASDAQ:LPNT). Us National Bank De holds 0% of its portfolio in LifePoint Health, Inc. (NASDAQ:LPNT) for 1,906 shares. Hotchkis And Wiley Cap Mngmt Lc reported 0.09% in LifePoint Health, Inc. (NASDAQ:LPNT). Clearbridge Invests Llc, New York-based fund reported 517 shares. Td Asset has invested 0% in LifePoint Health, Inc. (NASDAQ:LPNT). Robeco Institutional Asset Mgmt Bv invested in 42,234 shares or 0.02% of the stock. Parametric Assoc Ltd Liability owns 0.01% invested in LifePoint Health, Inc. (NASDAQ:LPNT) for 181,086 shares. Commonwealth Of Pennsylvania Pub School Empls Retrmt has 0% invested in LifePoint Health, Inc. (NASDAQ:LPNT). 210,864 are owned by Savings Bank Of America Corp De.

Since September 25, 2017, it had 0 buys, and 7 sales for $8.57 million activity. 17,354 shares were sold by Zaucha Laurie L., worth $1.11 million on Monday, October 9. Shares for $1.88 million were sold by MUCCI MARTIN. Gioja Michael E sold $2.36M worth of stock or 34,311 shares.

Welch Group Llc, which manages about $645.12 million and $598.14 million US Long portfolio, decreased its stake in Nextera Energy Inc (NYSE:NEE) by 3,050 shares to 126,208 shares, valued at $18.50M in 2017Q3, according to the filing. It also reduced its holding in Abbvie Inc Com Usd0.01 (NYSE:ABBV) by 6,553 shares in the quarter, leaving it with 254,231 shares, and cut its stake in Streettracks Gold Trust.

Among 18 analysts covering Paychex (NASDAQ:PAYX), 1 have Buy rating, 2 Sell and 15 Hold. Therefore 6% are positive. Paychex had 44 analyst reports since August 14, 2015 according to SRatingsIntel. Citigroup maintained the stock with “Sell” rating in Thursday, March 31 report. The rating was maintained by RBC Capital Markets on Thursday, October 1 with “Underperform”. The firm has “Mkt Perform” rating given on Wednesday, January 11 by Bernstein. The rating was downgraded by Goldman Sachs on Tuesday, June 20 to “Neutral”. The firm earned “Hold” rating on Monday, December 4 by Citigroup. The stock has “Hold” rating by BMO Capital Markets on Thursday, December 21. The stock has “Underperform” rating by RBC Capital Markets on Thursday, December 22. The firm has “Buy” rating by Argus Research given on Thursday, December 24. The firm earned “Equal-Weight” rating on Wednesday, August 16 by Morgan Stanley. BMO Capital Markets maintained it with “Market Perform” rating and $62 target in Wednesday, October 4 report.

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By1 Linda Rogers

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