Allen Investment Management LLC Has Boosted Its Stake in Laboratory Corp Amer Hldgs (LH) by $3.58 Million

July 16, 2018 - By Vernon Prom

Laboratory Corporation of America Holdings (NYSE:LH) LogoInvestors sentiment decreased to 1.08 in 2018 Q1. Its down 0.12, from 1.2 in 2017Q4. It turned negative, as 26 investors sold LH shares while 233 reduced holdings. 74 funds opened positions while 206 raised stakes. 91.81 million shares or 0.38% more from 91.47 million shares in 2017Q4 were reported. Baltimore reported 50,373 shares. Oppenheimer & Com Inc accumulated 2,437 shares. Mufg Americas Holdg holds 10,683 shares. Stack Financial Mgmt, a Montana-based fund reported 116,796 shares. 772,400 were accumulated by Sentry Invests Corporation. Whittier Trust Of Nevada owns 25 shares for 0% of their portfolio. Polar Asset Mgmt holds 0.52% in Laboratory Corporation of America Holdings (NYSE:LH) or 189,500 shares. The Japan-based Sumitomo Mitsui has invested 0.06% in Laboratory Corporation of America Holdings (NYSE:LH). Franklin Street Advisors Nc holds 61,767 shares. Raymond James Na has 0.04% invested in Laboratory Corporation of America Holdings (NYSE:LH) for 3,971 shares. Veritas Inv Limited Liability Partnership stated it has 336,370 shares. Champlain Investment Ptnrs Ltd has 1.34% invested in Laboratory Corporation of America Holdings (NYSE:LH) for 767,235 shares. Birch Hill Inv Limited Com has invested 0.79% of its portfolio in Laboratory Corporation of America Holdings (NYSE:LH). Folger Nolan Fleming Douglas Management accumulated 2,527 shares. X Management Co Ltd Limited Liability Company reported 4,561 shares.

Since February 7, 2018, it had 0 insider buys, and 12 insider sales for $34.00 million activity. 49,966 shares were sold by KING DAVID P, worth $8.76M on Wednesday, May 23. Shares for $213,813 were sold by Schechter Adam H. Another trade for 8,400 shares valued at $1.41 million was sold by EISENBERG GLENN A. 1,610 shares were sold by Gary M. Huff, worth $293,823. BERBERIAN LANCE also sold $1.00M worth of Laboratory Corporation of America Holdings (NYSE:LH) shares. Shares for $548,124 were sold by ANDERSON KERRII B.

Allen Investment Management Llc increased its stake in Laboratory Corp Amer Hldgs (LH) by 2.89% based on its latest 2018Q1 regulatory filing with the SEC. Allen Investment Management Llc bought 22,243 shares as the company’s stock rose 4.18% while stock markets declined. The hedge fund held 792,118 shares of the medical specialities company at the end of 2018Q1, valued at $128.13 million, up from 769,875 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 $19.07 billion market cap company. The stock decreased 0.43% or $0.81 during the last trading session, reaching $186.4. About 214,456 shares traded. Laboratory Corporation of America Holdings (NYSE:LH) has risen 28.45% since July 16, 2017 and is uptrending. It has outperformed by 15.88% the S&P500.

Allen Investment Management Llc, which manages about $2.32B and $2.40B US Long portfolio, decreased its stake in Moodys Corp (NYSE:MCO) by 46,517 shares to 592,894 shares, valued at $95.63M in 2018Q1, according to the filing. It also reduced its holding in Servicenow Inc (NYSE:NOW) by 62,891 shares in the quarter, leaving it with 306,042 shares, and cut its stake in Amerisourcebergen Corp (NYSE:ABC).

Another recent and important Laboratory Corporation of America Holdings (NYSE:LH) news was published by Streetinsider.com which published an article titled: “Lab Corp. (LH) Detected Suspicious Activity on its Information Technology Network” on July 16, 2018.

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

Among 15 analysts covering Laboratory Corp (NYSE:LH), 11 have Buy rating, 0 Sell and 4 Hold. Therefore 73% are positive. Laboratory Corp had 19 analyst reports since January 24, 2018 according to SRatingsIntel. The firm has “Hold” rating given on Wednesday, June 27 by Deutsche Bank. The firm has “Hold” rating given on Tuesday, February 6 by Mizuho. The company was maintained on Friday, May 25 by Mizuho. Credit Suisse maintained the stock with “Outperform” rating in Thursday, March 8 report. The firm has “Buy” rating by KeyBanc Capital Markets given on Thursday, June 7. The rating was maintained by Robert W. Baird on Thursday, February 8 with “Hold”. Piper Jaffray maintained it with “Buy” rating and $194.0 target in Tuesday, February 6 report. Credit Suisse maintained Laboratory Corporation of America Holdings (NYSE:LH) rating on Thursday, March 1. Credit Suisse has “Outperform” rating and $192 target. As per Wednesday, January 24, the company rating was maintained by Mizuho. The firm has “Neutral” rating by Citigroup given on Friday, February 9.

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

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