Economy

The Laboratory Corporation of America Holdings (LH) Issues FY17 Earnings Guidance

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Allen Investment Management LLC increased its position in Laboratory Corporation of America Holdings (NYSE:LH) by 13.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC).

TRADEMARK VIOLATION WARNING: "Laboratory Corporation of America Holdings (NYSE:LH) Shares Bought by Allen Investment Management LLC" was first published by TrueBlueTribune and is the sole property of of TrueBlueTribune. The company has market cap of $173.56 million. Laboratory Corporation of America Holdings had a return on equity of 16.85% and a net margin of 7.57%. The stock decreased 4.35% or $0.56 on September 8, reaching $12.32. About shares traded. Zillow Group, Inc. Laboratory Corp. of America Holdings (NYSE:LH) has risen 10.51% since September 8, 2016 and is uptrending. It has underperformed by 6.19% the S&P500.

Samlyn Capital Llc increased Unitedhealth Group Inc (NYSE:UNH) stake by 96,053 shares to 827,308 valued at $132.40M in 2016Q4. Vanguard Group Inc. boosted its stake in Laboratory Corporation of America Holdings by 2.6% in the 1st quarter. Tiptree Finl Inc (NASDAQ:TIPT) was reduced too.

Since March 9, 2017, it had 0 insider buys, and 2 sales for $646,311 activity. Moreover, Horizon Invest Svcs Lc has 1.59% invested in Laboratory Corp. of America Holdings (NYSE:LH) for 26,249 shares. The legal version of this piece of content can be accessed at https://www.dispatchtribunal.com/2017/09/12/calamos-advisors-llc-has-21-87-million-holdings-in-laboratory-corporation-of-america-holdings-lh.html.

Investors sentiment increased to 1.06 in 2016 Q4. Its down 0.39, from 1.67 in 2016Q3. It improved, as 48 investors sold LH shares while 220 reduced holdings. Fmr Ltd Liability Corp invested in 0.03% or 1.88M shares. Howe Rusling has invested 0.93% in Laboratory Corp. of America Holdings (NYSE:LH). Tower Research Limited (Trc) has 886 shares. Jolley Asset stated it has 0.01% in Laboratory Corp. of America Holdings (NYSE:LH). On average, equities research analysts forecast that Laboratory Corporation of America Holdings will post $8.80 EPS for the current year. Bnp Paribas Inv Prns Sa holds 194,035 shares or 0.24% of its portfolio. Boston Partners boosted its stake in Laboratory Corporation of America Holdings by 4.8% in the 2nd quarter.

On consensus, experts anticipate that Laboratory Corporation of America Holdings will announce complete year sales of $2.53 B for the present fiscal year, with estimates between $9.86 B to $10.15 B. for the upcoming FY, experts anticipate that the company will announce sales of $10.70 B for a share, with estimates between $10.27 B to $11.10 B. Research Firm Zacks Investment Research's sales averages are a mean estimate based on a study of investment analysts that cover Laboratory Corporation of America Holdings. Stockbridge Partners Llc owns 3.56 million shares or 6.74% of their U.S. portfolio. Carderock Capital Management Inc holds 1.79% or 27,921 shares. North Star Invest Mgmt holds 0.01% or 487 shares in its portfolio. Amica Mutual Insur invested in 7,513 shares. Tci Wealth Advsr accumulated 11 shares or 0% of the stock. ValuEngine cut shares of Laboratory Corporation of America Holdings from a buy rating to a hold rating in a research report on Saturday, June 3rd. Therefore 47% are positive. Barclays PLC raised their target price on shares of Laboratory Corporation of America Holdings from $182.00 to $183.00 and gave the company an "overweight" rating in a research report on Thursday, July 27th. The stock of Laboratory Corp. of America Holdings (NYSE:LH) has "Buy" rating given on Tuesday, April 26 by Canaccord Genuity. Barclays Capital maintained the stock with "Overweight" rating in Thursday, July 27 report.

Laboratory Corporation of America Holdings (NYSE:LH) last released its earnings results on Thursday, February 16th. On Monday, February 6 the stock rating was downgraded by Robert W. Baird to "Neutral". UBS has "Neutral" rating and $125 target. The firm has "Buy" rating given on Tuesday, June 27 by Canaccord Genuity.

Investors sentiment decreased to 0 in 2016 Q4. It dropped, as 69 investors sold BA shares while 508 reduced holdings. 34 funds opened positions while 70 raised stakes. New Mexico Educational Retirement Board accumulated 10,979 shares or 0.07% of the stock. Etrade Cap Management Limited Liability Corp holds 8,604 shares. First Manhattan holds 37,742 shares or 0.03% of its portfolio. Blackrock Fund reported 2.61 million shares. Cetera Limited Com has invested 0.24% in Boeing Co (NYSE:BA). During the same quarter a year ago, the business earned $2.36 earnings per share. Principal Fin Inc holds 0.17% or 852,386 shares. The medical research company reported $2.47 EPS for the quarter, beating the consensus estimate of $2.40 by $0.07. Moreover, Consulta Ltd has 6.7% invested in the company for 1.35 million shares. Nationwide Fund has invested 0.22% of its portfolio in Boeing Co (NYSE:BA). Weatherly Asset Mgmt LP stated it has 1.48% of its portfolio in Boeing Co (NYSE:BA). 4,545 are held by Bowling Portfolio Ltd Liability.

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