NEW YORK (

TheStreet

) --

LifePoint Hospitals

(Nasdaq:

LPNT

) hit a new 52-week high Wednesday as it traded at $40.07 compared with its previous 52-Week high of $39.99. LifePoint is changing hands at $39.85 with 120,633 shares traded as of 11:56 a.m. ET. Average volume has been 462,900 shares over the past 30 days.

LifePoint has a market cap of $2 billion and is part of the

health care

sector and

health services

industry. Shares are up 6.2% year to date as of the close of trading on Tuesday.

LifePoint Hospitals Inc., through its subsidiaries, operates general acute care hospitals in non-urban communities in the United States. The company has a P/E ratio of 13.3, equal to the average health services industry P/E ratio and below the S&P 500 P/E ratio of 16.1.

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TheStreet Ratings rates LifePoint as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, largely solid financial position with reasonable debt levels by most measures, notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full

LifePoint Ratings Report

.

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