As Laboratory Corp Amer Hldgs (LH) Market Valuation Declined, Healthcor Management LP Upped Holding by $29.59 Million

February 22, 2018 - By Richard Conner

Investors sentiment decreased to 0.9 in 2017 Q3. Its down 0.16, from 1.06 in 2017Q2. It fall, as 41 investors sold LH shares while 239 reduced holdings. 70 funds opened positions while 181 raised stakes. 91.79 million shares or 1.82% less from 93.49 million shares in 2017Q2 were reported. 677,476 are owned by Cooke Bieler L P. Advsrs Asset has invested 0.04% in Laboratory Corporation of America Holdings (NYSE:LH). Linscomb And Williams Inc holds 0.04% or 3,226 shares. Texas Permanent School Fund holds 28,212 shares or 0.05% of its portfolio. Pillar Pacific Capital Mngmt Ltd Liability Company has 27,175 shares for 0.53% of their portfolio. Loeb Partners reported 0.32% stake. X Mgmt Ltd reported 0.02% in Laboratory Corporation of America Holdings (NYSE:LH). Sterling Cap Mngmt Lc holds 576,152 shares or 0.82% of its portfolio. Switzerland-based Gam Ag has invested 0.07% in Laboratory Corporation of America Holdings (NYSE:LH). Hightower Advsrs Ltd holds 19,517 shares. Covington Cap Mngmt stated it has 0.11% of its portfolio in Laboratory Corporation of America Holdings (NYSE:LH). Goldman Sachs Gp accumulated 1.63 million shares or 0.06% of the stock. 1.02M were accumulated by Wells Fargo Co Mn. Bartlett And Lc accumulated 138,059 shares or 0.87% of the stock. 2,331 are owned by Conning.

Since August 25, 2017, it had 0 insider purchases, and 5 selling transactions for $9.33 million activity. 1,263 Laboratory Corporation of America Holdings (NYSE:LH) shares with value of $213,813 were sold by Schechter Adam H. KING DAVID P sold 44,687 shares worth $7.01M. $1.41 million worth of Laboratory Corporation of America Holdings (NYSE:LH) shares were sold by EISENBERG GLENN A. The insider EBERTS F SAMUEL III sold $4.89 million. The insider Gilliland Dwight Gary sold 971 shares worth $149,068.

Arthur B Cohen increased its stake in Laboratory Corp Amer Hldgs (LH) by 14.35% based on its latest 2017Q3 regulatory filing with the SEC. Healthcor Management Lp bought 197,290 shares as the company’s stock declined 0.17% while stock markets rallied. The hedge fund run by Arthur B Cohen held 1.57M shares of the medical specialities company at the end of 2017Q3, valued at $237.37 million, up from 1.38M at the end of the previous reported quarter. Healthcor Management Lp who had been investing in Laboratory Corp Amer Hldgs for a number of months, seems to be bullish on the $17.50B market cap company. The stock decreased 1.09% or $1.8933 during the last trading session, reaching $171.8667. About 411,565 shares traded. Laboratory Corporation of America Holdings (NYSE:LH) has risen 10.51% since February 22, 2017 and is uptrending. It has underperformed by 6.19% the S&P500.

Healthcor Management Lp, which manages about $3.20B and $2.98B US Long portfolio, decreased its stake in Select Sector Spdr Tr (XLV) by 118,820 shares to 353,960 shares, valued at $28.93M in 2017Q3, according to the filing. It also reduced its holding in Medtronic Plc (NYSE:MDT) by 101,330 shares in the quarter, leaving it with 66,100 shares, and cut its stake in Haemonetics Corp (NYSE:HAE).

More recent Laboratory Corporation of America Holdings (NYSE:LH) news were published by: Gurufocus.com which released: “Jlb & Associates Inc Buys Sherwin-Williams Co, Laboratory Corp of America …” on January 24, 2018. Also Seekingalpha.com published the news titled: “Laboratory of America Holdings (LH) Q4 2017 Results – Earnings Call Transcript” on February 07, 2018. Nasdaq.com‘s news article titled: “Laboratory Corporation Of America Holdings Earnings Climb In Q4” with publication date: February 06, 2018 was also an interesting one.

Laboratory Corporation of America Holdings (NYSE:LH) Ratings Coverage

Among 19 analysts covering Laboratory Corp (NYSE:LH), 11 have Buy rating, 0 Sell and 8 Hold. Therefore 58% are positive. Laboratory Corp had 56 analyst reports since July 29, 2015 according to SRatingsIntel. The company was downgraded on Monday, August 17 by Zacks. KeyBanc Capital Markets downgraded Laboratory Corporation of America Holdings (NYSE:LH) on Tuesday, June 27 to “Sector Weight” rating. As per Tuesday, April 26, the company rating was maintained by Jefferies. As per Wednesday, February 7, the company rating was maintained by Craig Hallum. The firm has “Buy” rating given on Monday, September 11 by Canaccord Genuity. The rating was initiated by Citigroup on Friday, September 9 with “Neutral”. The firm has “Buy” rating given on Wednesday, January 3 by Canaccord Genuity. The rating was maintained by KeyBanc Capital Markets with “Overweight” on Tuesday, August 16. On Tuesday, April 26 the stock rating was maintained by Canaccord Genuity with “Buy”. The rating was maintained by Credit Suisse with “Buy” on Thursday, May 25.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.