Allen Investment Management LLC Has Raised Position in Laboratory Corp Amer Hldgs (LH) as Stock Value Declined

Laboratory Corporation of America Holdings (NYSE:LH) LogoInvestors sentiment decreased to 0.98 in Q2 2018. Its down 0.10, from 1.08 in 2018Q1. It turned negative, as 37 investors sold LH shares while 247 reduced holdings. 71 funds opened positions while 207 raised stakes. 100.13 million shares or 9.06% more from 91.81 million shares in 2018Q1 were reported. Intrepid Cap Management Incorporated invested 0.85% in Laboratory Corporation of America Holdings (NYSE:LH). The Switzerland-based Swiss Financial Bank has invested 0.09% in Laboratory Corporation of America Holdings (NYSE:LH). Natl Pension Service holds 0.09% of its portfolio in Laboratory Corporation of America Holdings (NYSE:LH) for 106,578 shares. Cypress Capital Management Limited Liability Company has 4,535 shares for 0.15% of their portfolio. Credit Suisse Ag accumulated 183,386 shares. Bp Pcl has invested 0.07% of its portfolio in Laboratory Corporation of America Holdings (NYSE:LH). Chilton Capital Mngmt Ltd Liability Company stated it has 3,553 shares or 0.06% of all its holdings. Beck Mack Oliver Ltd Limited Liability Company has 491,253 shares for 2.96% of their portfolio. 9,276 are held by Creative Planning. Dana Advsr owns 49,488 shares. Raymond James Assocs reported 0.07% of its portfolio in Laboratory Corporation of America Holdings (NYSE:LH). Tributary Mgmt has 12,125 shares. Moreover, M&R Management has 0% invested in Laboratory Corporation of America Holdings (NYSE:LH). 1.10 million were accumulated by National Bank Of America De. Moreover, Legal And General Grp Inc Public Ltd Limited Liability Company has 0.08% invested in Laboratory Corporation of America Holdings (NYSE:LH) for 554,903 shares.

Since May 30, 2018, it had 0 insider purchases, and 5 selling transactions for $5.04 million activity. Shares for $228,967 were sold by Gilliland Dwight Gary. $2.38M worth of Laboratory Corporation of America Holdings (NYSE:LH) was sold by Dodson Edward T. Uthgenannt Lisa J also sold $819,451 worth of Laboratory Corporation of America Holdings (NYSE:LH) on Monday, June 4. ANDERSON KERRII B had sold 3,700 shares worth $604,162 on Monday, November 5. On Wednesday, May 30 the insider Gary M. Huff sold $293,823. EISENBERG GLENN A also sold $1.81 million worth of Laboratory Corporation of America Holdings (NYSE:LH) on Wednesday, May 30.

Allen Investment Management Llc increased its stake in Laboratory Corp Amer Hldgs (LH) by 2.19% based on its latest 2018Q2 regulatory filing with the SEC. Allen Investment Management Llc bought 17,378 shares as the company’s stock declined 8.40% while stock markets rallied. The hedge fund held 809,496 shares of the medical specialities company at the end of 2018Q2, valued at $145.33 million, up from 792,118 at the end of the previous reported quarter. Allen Investment Management Llc who had been investing in Laboratory Corp Amer Hldgs for a number of months, seems to be bullish on the $16.32B market cap company. The stock increased 0.63% or $1.01 during the last trading session, reaching $161.7. About 392,612 shares traded. Laboratory Corporation of America Holdings (NYSE:LH) has risen 8.39% since November 26, 2017 and is uptrending. It has underperformed by 7.23% the S&P500.

Allen Investment Management Llc, which manages about $2.32B and $2.62 billion US Long portfolio, decreased its stake in Anheuser Busch Inbev Sa/Nv (NYSE:BUD) by 82,537 shares to 656,186 shares, valued at $66.12 million in 2018Q2, according to the filing. It also reduced its holding in Vanguard Scottsdale Fds (VCSH) by 99,331 shares in the quarter, leaving it with 139,178 shares, and cut its stake in Transdigm Group Inc (NYSE:TDG).

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

Among 8 analysts covering Laboratory Corp (NYSE:LH), 4 have Buy rating, 0 Sell and 4 Hold. Therefore 50% are positive. Laboratory Corp has $202 highest and $162 lowest target. $185’s average target is 14.41% above currents $161.7 stock price. Laboratory Corp had 9 analyst reports since June 7, 2018 according to SRatingsIntel. Morgan Stanley maintained the stock with “Overweight” rating in Monday, September 10 report. The stock of Laboratory Corporation of America Holdings (NYSE:LH) has “Outperform” rating given on Tuesday, September 4 by Credit Suisse. Canaccord Genuity downgraded it to “Hold” rating and $162 target in Thursday, October 25 report. Deutsche Bank maintained it with “Hold” rating and $190 target in Monday, August 20 report. The rating was maintained by Robert W. Baird on Thursday, October 25 with “Outperform”. The firm has “Hold” rating by Argus Research given on Tuesday, October 30. The stock of Laboratory Corporation of America Holdings (NYSE:LH) earned “Neutral” rating by Citigroup on Thursday, October 25. The stock has “Buy” rating by KeyBanc Capital Markets on Thursday, June 7. The rating was downgraded by Deutsche Bank on Wednesday, June 27 to “Hold”.

Laboratory Corporation of America Holdings (NYSE:LH) Institutional Positions Chart

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.