Sands Capital Management Decreased Its Ansys (ANSS) Stake by $1.69 Million as Share Value Rose; Laboratory Amer Hldgscmn (LH) Holder Avalon Advisors Has Lowered Its Holding as Share Value Declined

December 17, 2017 - By Ellis Scott

Avalon Advisors Llc decreased its stake in Laboratory Corp Amer Hldgscmn (LH) by 53.46% based on its latest 2017Q2 regulatory filing with the SEC. Avalon Advisors Llc sold 11,419 shares as the company’s stock declined 0.17% while stock markets rallied. The hedge fund held 9,941 shares of the medical specialities company at the end of 2017Q2, valued at $1.53M, down from 21,360 at the end of the previous reported quarter. Avalon Advisors Llc who had been investing in Laboratory Corp Amer Hldgscmn for a number of months, seems to be less bullish one the $16.19 billion market cap company. The stock increased 2.07% or $3.22 during the last trading session, reaching $159.06. About 1.03 million shares traded or 51.98% up from the average. Laboratory Corporation of America Holdings (NYSE:LH) has risen 10.51% since December 17, 2016 and is uptrending. It has underperformed by 6.19% the S&P500.

Sands Capital Management Llc decreased its stake in Ansys Inc (ANSS) by 18.91% based on its latest 2017Q2 regulatory filing with the SEC. Sands Capital Management Llc sold 14,000 shares as the company’s stock rose 21.87% with the market. The institutional investor held 60,045 shares of the technology company at the end of 2017Q2, valued at $7.31M, down from 74,045 at the end of the previous reported quarter. Sands Capital Management Llc who had been investing in Ansys Inc for a number of months, seems to be less bullish one the $12.56B market cap company. The stock increased 2.44% or $3.52 during the last trading session, reaching $148.03. About 1.11 million shares traded or 128.68% up from the average. Ansys, Inc. (NASDAQ:ANSS) has risen 43.75% since December 17, 2016 and is uptrending. It has outperformed by 27.05% the S&P500.

Among 18 analysts covering Laboratory Corp (NYSE:LH), 9 have Buy rating, 0 Sell and 9 Hold. Therefore 50% are positive. Laboratory Corp had 46 analyst reports since July 29, 2015 according to SRatingsIntel. As per Friday, February 19, the company rating was maintained by RBC Capital Markets. As per Thursday, July 27, the company rating was maintained by Craig Hallum. The firm has “Sector Weight” rating by KeyBanc Capital Markets given on Tuesday, June 27. As per Monday, December 11, the company rating was downgraded by Credit Suisse. The rating was maintained by Canaccord Genuity with “Buy” on Tuesday, April 26. The rating was maintained by Barclays Capital on Tuesday, April 26 with “Overweight”. On Sunday, October 15 the stock rating was maintained by Robert W. Baird with “Hold”. Piper Jaffray maintained Laboratory Corporation of America Holdings (NYSE:LH) on Monday, October 16 with “Buy” rating. The stock of Laboratory Corporation of America Holdings (NYSE:LH) earned “Buy” rating by Zacks on Monday, August 17. The company was maintained on Thursday, July 27 by Barclays Capital.

Investors sentiment increased to 1.06 in 2017 Q2. Its up 0.05, from 1.01 in 2017Q1. It increased, as 44 investors sold LH shares while 207 reduced holdings. 66 funds opened positions while 199 raised stakes. 93.49 million shares or 2.05% more from 91.61 million shares in 2017Q1 were reported. 30,261 were reported by Forte Cap Ltd Liability Adv. Moreover, Rocky Mountain Advisers Ltd has 0.01% invested in Laboratory Corporation of America Holdings (NYSE:LH). Archford Capital Strategies Limited Liability Corporation holds 0.02% or 332 shares in its portfolio. Baker Ellis Asset Mngmt Lc reported 6,600 shares. Ok invested 0.77% in Laboratory Corporation of America Holdings (NYSE:LH). Lombard Odier Asset (Switzerland) reported 0.29% in Laboratory Corporation of America Holdings (NYSE:LH). Voya Investment Mngmt Limited Company invested in 280,616 shares. Susquehanna Gp Limited Liability Partnership holds 0% or 6,377 shares in its portfolio. Valley Advisers invested in 8 shares or 0% of the stock. Mutual Of America Lc invested in 0.03% or 12,447 shares. Needham Inv Management Lc has invested 1.73% of its portfolio in Laboratory Corporation of America Holdings (NYSE:LH). Robeco Institutional Asset Management Bv owns 0.01% invested in Laboratory Corporation of America Holdings (NYSE:LH) for 14,439 shares. First Advisors Lp holds 210,820 shares or 0.09% of its portfolio. 87,600 are owned by Polar Asset Mgmt. 2,800 are owned by Systematic Financial Ltd Partnership.

Since August 1, 2017, it had 0 insider purchases, and 7 sales for $14.75 million activity. The insider KING DAVID P sold $7.01M. On Friday, August 11 Williams R Sanders sold $486,338 worth of Laboratory Corporation of America Holdings (NYSE:LH) or 3,100 shares. Uthgenannt Lisa J had sold 5,000 shares worth $800,000. On Friday, August 25 the insider EBERTS F SAMUEL III sold $4.89 million. The insider Dodson Edward T sold 2,871 shares worth $459,739. 971 shares valued at $149,068 were sold by Gilliland Dwight Gary on Monday, October 30.

Avalon Advisors Llc, which manages about $4.06B and $3.01B US Long portfolio, upped its stake in Omnicom Group Com (NYSE:OMC) by 27,535 shares to 97,982 shares, valued at $8.12M in 2017Q2, according to the filing. It also increased its holding in Philips Electronics (Koninklij (NYSE:PHG) by 9,995 shares in the quarter, for a total of 55,543 shares, and has risen its stake in Ing Groep N.V. Spons Adrsponso (NYSE:ING).

Analysts await Laboratory Corporation of America Holdings (NYSE:LH) to report earnings on February, 15. They expect $2.41 EPS, up 12.09% or $0.26 from last year’s $2.15 per share. LH’s profit will be $245.33M for 16.50 P/E if the $2.41 EPS becomes a reality. After $2.46 actual EPS reported by Laboratory Corporation of America Holdings for the previous quarter, Wall Street now forecasts -2.03% negative EPS growth.

Among 15 analysts covering Ansys Inc. (NASDAQ:ANSS), 2 have Buy rating, 2 Sell and 11 Hold. Therefore 13% are positive. Ansys Inc. had 33 analyst reports since August 6, 2015 according to SRatingsIntel. As per Thursday, September 15, the company rating was initiated by Evercore. The firm earned “Hold” rating on Tuesday, October 31 by KeyBanc Capital Markets. The stock of Ansys, Inc. (NASDAQ:ANSS) earned “Hold” rating by Citigroup on Friday, September 22. RBC Capital Markets maintained Ansys, Inc. (NASDAQ:ANSS) rating on Sunday, September 10. RBC Capital Markets has “Hold” rating and $118.0 target. The firm has “Hold” rating given on Thursday, August 3 by RBC Capital Markets. The rating was maintained by Robert W. Baird with “Buy” on Monday, August 28. The stock of Ansys, Inc. (NASDAQ:ANSS) earned “Neutral” rating by Wedbush on Friday, February 24. The firm has “Hold” rating given on Friday, June 9 by Evercore. The stock has “Sell” rating by J.P. Morgan on Thursday, September 14. On Friday, November 3 the stock rating was maintained by Citigroup with “Neutral”.

Sands Capital Management Llc, which manages about $42.07B and $33.26 billion US Long portfolio, upped its stake in Snap Inc by 4.66M shares to 15.17 million shares, valued at $269.61 million in 2017Q2, according to the filing. It also increased its holding in Whole Foods Mkt Inc (NASDAQ:WFM) by 16,966 shares in the quarter, for a total of 11.70M shares, and has risen its stake in Ctrip Com Intl Ltd (NASDAQ:CTRP).

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