Microsoft Corp (LH) Valuation Declined While United Services Automobile Association Upped Its Position

September 30, 2018 - By Palma Niemeyer

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 is 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. Waddell Reed invested in 840,455 shares or 0.35% of the stock. Midas Mgmt, New York-based fund reported 15,300 shares. Bancorporation Of Nova Scotia accumulated 0.01% or 11,191 shares. Schroder Invest Mgmt Group owns 219,670 shares. Moreover, Bryn Mawr Trust has 0.32% invested in Laboratory Corporation of America Holdings (NYSE:LH). Sigma Planning holds 0.02% of its portfolio in Laboratory Corporation of America Holdings (NYSE:LH) for 1,524 shares. Rampart Company Limited Liability Corporation reported 5,397 shares. Dana Advsr holds 49,488 shares. Tiverton Asset Mgmt Limited Company reported 1,436 shares stake. Roundview Cap Ltd Company holds 0.18% or 3,820 shares in its portfolio. First Personal Ser holds 0.35% or 5,781 shares in its portfolio. Kentucky Retirement Sys owns 4,343 shares. Affinity Advisors Ltd Liability Corporation, California-based fund reported 12,279 shares. Dekabank Deutsche Girozentrale has 0.13% invested in Laboratory Corporation of America Holdings (NYSE:LH). Moreover, Counselors has 0.01% invested in Laboratory Corporation of America Holdings (NYSE:LH).

Since April 23, 2018, it had 0 insider buys, and 8 selling transactions for $23.60 million activity. Uthgenannt Lisa J sold $819,451 worth of Laboratory Corporation of America Holdings (NYSE:LH) on Monday, June 4. Dodson Edward T sold 13,000 shares worth $2.38M. 10,000 Laboratory Corporation of America Holdings (NYSE:LH) shares with value of $1.81M were sold by EISENBERG GLENN A. Shares for $293,823 were sold by Gary M. Huff on Wednesday, May 30. 49,967 shares valued at $8.30 million were sold by KING DAVID P on Monday, April 23. On Thursday, May 31 the insider BERBERIAN LANCE sold $1.00M.

United Services Automobile Association increased its stake in Microsoft Corp (LH) by 13748.22% based on its latest 2018Q2 regulatory filing with the SEC. United Services Automobile Association bought 8.42M shares as the company’s stock declined 8.40% while stock markets rallied. The institutional investor held 8.48M shares of the medical specialities company at the end of 2018Q2, valued at $836.24M, up from 61,237 at the end of the previous reported quarter. United Services Automobile Association who had been investing in Microsoft Corp for a number of months, seems to be bullish on the $17.70B market cap company. The stock increased 1.71% or $2.92 during the last trading session, reaching $173.68. About 779,970 shares traded or 12.42% up from the average. Laboratory Corporation of America Holdings (NYSE:LH) has risen 8.39% since September 30, 2017 and is uptrending. It has underperformed by 7.23% the S&P500.

United Services Automobile Association, which manages about $37.64B US Long portfolio, decreased its stake in Cadence Design Systems Inc (NASDAQ:CELG) by 783,597 shares to 233,219 shares, valued at $10.10 million in 2018Q2, according to the filing. It also reduced its holding in Sabra Health Care Reit Inc by 196,544 shares in the quarter, leaving it with 27,219 shares, and cut its stake in Autohome Inc (NASDAQ:HOLX).

More news for Laboratory Corporation of America Holdings (NYSE:LH) were recently published by: Businesswire.com, which released: “LabCorp Statement on District Court Opinion in ACLA Lawsuit against HHS” on September 24, 2018. Businesswire.com‘s article titled: “LabCorp to Announce Third Quarter Financial Results on October 24, 2018” and published on September 25, 2018 is yet another important article.

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

Among 6 analysts covering Laboratory Corp (NYSE:LH), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. Laboratory Corp had 7 analyst reports since May 1, 2018 according to SRatingsIntel. Deutsche Bank maintained the shares of LH in report on Monday, August 20 with “Hold” rating. Robert W. Baird reinitiated the stock with “Outperform” rating in Tuesday, May 1 report. As per Wednesday, June 27, the company rating was downgraded by Deutsche Bank. Morgan Stanley maintained Laboratory Corporation of America Holdings (NYSE:LH) rating on Monday, September 10. Morgan Stanley has “Overweight” rating and $202 target. The stock of Laboratory Corporation of America Holdings (NYSE:LH) earned “Outperform” rating by Credit Suisse on Tuesday, September 4. The rating was maintained by Mizuho on Friday, May 25 with “Hold”. The firm earned “Buy” rating on Thursday, June 7 by KeyBanc Capital Markets.

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.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: