Glenview Capital Management Has Trimmed Laboratory Amer Hldgs (LH) Holding by $37.80 Million; Market Value Rose; As General Electric Co (GE) Valuation Declined, R-M Sincerbeaux Capital Management Decreased Its Position

April 22, 2018 - By Peter Erickson

Laboratory Corporation of America Holdings (NYSE:LH) Logo

R-M Sincerbeaux Capital Management decreased its stake in General Electric Co (GE) by 88.18% based on its latest 2017Q4 regulatory filing with the SEC. R-M Sincerbeaux Capital Management sold 99,800 shares as the company’s stock declined 23.20% with the market. The institutional investor held 13,383 shares of the consumer electronics and appliances company at the end of 2017Q4, valued at $234,000, down from 113,183 at the end of the previous reported quarter. R-M Sincerbeaux Capital Management who had been investing in General Electric Co for a number of months, seems to be less bullish one the $126.26B market cap company. The stock increased 3.93% or $0.55 during the last trading session, reaching $14.54. About 188.69 million shares traded or 121.66% up from the average. General Electric Company (NYSE:GE) has declined 54.35% since April 22, 2017 and is downtrending. It has underperformed by 65.90% the S&P500.

Larry Robbins decreased its stake in Laboratory Corp Amer Hldgs (LH) by 8.18% based on its latest 2017Q4 regulatory filing with the SEC. Glenview Capital Management Llc sold 237,762 shares as the company’s stock rose 1.25% while stock markets declined. The hedge fund run by Larry Robbins held 2.67 million shares of the medical specialities company at the end of 2017Q4, valued at $425.96 million, down from 2.91 million at the end of the previous reported quarter. Glenview Capital Management Llc who had been investing in Laboratory Corp Amer Hldgs for a number of months, seems to be less bullish one the $16.85 billion market cap company. The stock decreased 1.84% or $3.09 during the last trading session, reaching $165.17. About 695,470 shares traded. Laboratory Corporation of America Holdings (NYSE:LH) has risen 14.17% since April 22, 2017 and is uptrending. It has outperformed by 2.62% the S&P500.

Since October 30, 2017, it had 0 buys, and 5 selling transactions for $10.55 million activity. ANDERSON KERRII B sold $548,124 worth of Laboratory Corporation of America Holdings (NYSE:LH) on Friday, February 9. Gilliland Dwight Gary also sold $149,068 worth of Laboratory Corporation of America Holdings (NYSE:LH) on Monday, October 30. Shares for $1.41 million were sold by EISENBERG GLENN A on Monday, February 12. Shares for $213,813 were sold by Schechter Adam H.

Investors sentiment increased to 1.2 in Q4 2017. Its up 0.30, from 0.9 in 2017Q3. It is positive, as 36 investors sold LH shares while 209 reduced holdings. 73 funds opened positions while 220 raised stakes. 91.47 million shares or 0.35% less from 91.79 million shares in 2017Q3 were reported. Loring Wolcott And Coolidge Fiduciary Llp Ma accumulated 115 shares. Umb Bancorp N A Mo has invested 0.01% in Laboratory Corporation of America Holdings (NYSE:LH). Bnp Paribas Arbitrage reported 0.01% in Laboratory Corporation of America Holdings (NYSE:LH). Beck Mack & Oliver Ltd Liability Corp invested in 494,472 shares. State Board Of Administration Of Florida Retirement System owns 153,391 shares. Cannell Peter B And holds 0.77% or 140,879 shares. 3,260 are held by Somerville Kurt F. Fdx Advisors Inc invested in 0.1% or 23,713 shares. Ny State Teachers Retirement stated it has 0.06% in Laboratory Corporation of America Holdings (NYSE:LH). The United Kingdom-based Marshall Wace Limited Liability Partnership has invested 0.03% in Laboratory Corporation of America Holdings (NYSE:LH). Oakworth reported 0.12% of its portfolio in Laboratory Corporation of America Holdings (NYSE:LH). Silvercrest Asset Mgmt Gp Ltd Llc has invested 0.69% of its portfolio in Laboratory Corporation of America Holdings (NYSE:LH). 1,831 were reported by Patten Grp Inc. Ameritas Investment Prtnrs owns 2,247 shares. Meiji Yasuda Life invested 0.12% in Laboratory Corporation of America Holdings (NYSE:LH).

Analysts await Laboratory Corporation of America Holdings (NYSE:LH) to report earnings on April, 25 before the open. They expect $2.64 earnings per share, up 18.92% or $0.42 from last year’s $2.22 per share. LH’s profit will be $269.29 million for 15.64 P/E if the $2.64 EPS becomes a reality. After $2.45 actual earnings per share reported by Laboratory Corporation of America Holdings for the previous quarter, Wall Street now forecasts 7.76% EPS growth.

Glenview Capital Management Llc, which manages about $13.95 billion and $18.50 billion US Long portfolio, upped its stake in Thermo Fisher Scientific Inc (NYSE:TMO) by 598,749 shares to 3.33M shares, valued at $631.84 million in 2017Q4, according to the filing. It also increased its holding in Walgreens Boots Alliance Inc by 6.78 million shares in the quarter, for a total of 6.83M shares, and has risen its stake in Vantiv Inc (NYSE:VNTV).

Among 20 analysts covering Laboratory Corp (NYSE:LH), 13 have Buy rating, 0 Sell and 7 Hold. Therefore 65% are positive. Laboratory Corp had 64 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was maintained by Piper Jaffray on Monday, September 4 with “Buy”. SunTrust maintained Laboratory Corporation of America Holdings (NYSE:LH) on Wednesday, February 28 with “Buy” rating. The company was downgraded on Monday, February 6 by Robert W. Baird. The firm has “Buy” rating by Zacks given on Monday, August 17. Credit Suisse maintained it with “Buy” rating and $14600 target in Thursday, May 25 report. The firm earned “Buy” rating on Thursday, October 26 by Deutsche Bank. The company was maintained on Friday, September 1 by Robert W. Baird. On Tuesday, October 17 the stock rating was maintained by Canaccord Genuity with “Buy”. The stock of Laboratory Corporation of America Holdings (NYSE:LH) earned “Neutral” rating by Mizuho on Friday, February 17. As per Friday, September 9, the company rating was initiated by Citigroup.

Investors sentiment decreased to 0.5 in 2017 Q4. Its down 0.19, from 0.69 in 2017Q3. It dived, as 153 investors sold GE shares while 921 reduced holdings. 151 funds opened positions while 383 raised stakes. 4.69 billion shares or 0.29% less from 4.70 billion shares in 2017Q3 were reported. First Washington has invested 0.05% in General Electric Company (NYSE:GE). Cranbrook Wealth Management Limited Liability Corporation invested in 0.04% or 5,984 shares. Modera Wealth Management Ltd stated it has 58,991 shares or 0.22% of all its holdings. Marathon Trading Limited Liability Co has 11,575 shares. 90,142 are held by Allsquare Wealth Mngmt Lc. Graybill Bartz & Associate Limited reported 1.58% in General Electric Company (NYSE:GE). Pittenger And Anderson accumulated 0.01% or 3,675 shares. Evercore Wealth Mgmt Limited reported 354,867 shares. 1.05 million are owned by Pinebridge Invests Ltd Partnership. The New York-based Alliancebernstein Lp has invested 0.18% in General Electric Company (NYSE:GE). Profund Limited Liability Com owns 293,068 shares. Gamble Jones Investment Counsel reported 0.18% of its portfolio in General Electric Company (NYSE:GE). Fort Point Cap reported 0.11% in General Electric Company (NYSE:GE). Fragasso Inc has invested 0.06% in General Electric Company (NYSE:GE). Maryland-based Wms Partners Ltd Liability Corporation has invested 0.3% in General Electric Company (NYSE:GE).

Among 28 analysts covering General Electric Company (NYSE:GE), 8 have Buy rating, 6 Sell and 14 Hold. Therefore 29% are positive. General Electric Company had 99 analyst reports since July 21, 2015 according to SRatingsIntel. Citigroup maintained the shares of GE in report on Monday, October 23 with “Buy” rating. The rating was maintained by Credit Suisse with “Outperform” on Monday, November 23. The company was downgraded on Tuesday, October 24 by Oppenheimer. The stock of General Electric Company (NYSE:GE) has “Sell” rating given on Monday, October 9 by J.P. Morgan. The rating was maintained by Citigroup on Thursday, January 25 with “Buy”. On Monday, October 19 the stock rating was maintained by Stifel Nicolaus with “Buy”. On Wednesday, March 28 the stock rating was downgraded by DZ Bank to “Sell”. Bank of America downgraded General Electric Company (NYSE:GE) on Wednesday, April 26 to “Neutral” rating. As per Tuesday, January 30, the company rating was maintained by Stifel Nicolaus. The company was maintained on Monday, February 26 by RBC Capital Markets.

Since January 26, 2018, it had 1 buy, and 0 insider sales for $43,446 activity.

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

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