Klingenstein Fields Co buys $29,091,408 stake in Laboratory Corp. of America Holdings (LH)

Laboratory Corp. of America Holdings (LH) : Klingenstein Fields Co scooped up 11,856 additional shares in Laboratory Corp. of America Holdings during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 207,603 shares of Laboratory Corp. of America Holdings which is valued at $29,091,408.Laboratory Corp. of America Holdings makes up approximately 1.33% of Klingenstein Fields Co’s portfolio.

Other Hedge Funds, Including , Tradition Capital Management reduced its stake in LH by selling 858 shares or 4.12% in the most recent quarter. The Hedge Fund company now holds 19,970 shares of LH which is valued at $2,798,396. Laboratory Corp. of America Holdings makes up approx 0.91% of Tradition Capital Management’s portfolio.Bbva Compass Bancshares Inc reduced its stake in LH by selling 609 shares or 4.99% in the most recent quarter. The Hedge Fund company now holds 11,586 shares of LH which is valued at $1,616,942. Laboratory Corp. of America Holdings makes up approx 0.12% of Bbva Compass Bancshares Inc’s portfolio.Public Employees Retirement Association Of Colorado reduced its stake in LH by selling 1,121 shares or 4.94% in the most recent quarter. The Hedge Fund company now holds 21,576 shares of LH which is valued at $3,011,147. Laboratory Corp. of America Holdings makes up approx 0.02% of Public Employees Retirement Association Of Colorado’s portfolio.Baker Ellis Asset Management boosted its stake in LH in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 6,530 shares of Laboratory Corp. of America Holdings which is valued at $911,327. Laboratory Corp. of America Holdings makes up approx 0.28% of Baker Ellis Asset Management’s portfolio.Shell Asset Management Co reduced its stake in LH by selling 2,053 shares or 6.2% in the most recent quarter. The Hedge Fund company now holds 31,068 shares of LH which is valued at $4,274,957. Laboratory Corp. of America Holdings makes up approx 0.10% of Shell Asset Management Co’s portfolio.

Laboratory Corp. of America Holdings closed down -0.04 points or -0.03% at $140.09 with 9,30,967 shares getting traded on Thursday. Post opening the session at $140.44, the shares hit an intraday low of $139.58 and an intraday high of $140.81 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Laboratory Corp. of America Holdings reported $2.31 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $2.30. The company had revenue of $2382.00 million for the quarter, compared to analysts expectations of $2334.01 million. The company’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.09 EPS.

Laboratory Corporation of America Holdings is an independent clinical laboratory company in the United States. Through a national network of laboratories the Company offers a range of clinical laboratory tests that are used by the medical profession in core testing patient diagnosis and in the monitoring and treatment of disease. The Company manages its operations through two segments: the Clinical diagnostics laboratory segment which includes core testing as well as genomic and esoteric testing; and the Other segment which consists of the Company’s non-United States clinical diagnostic laboratory operations in Ontario Canada. It also provides specialty testing services in the areas of allergy clinical trials diagnostic genetics women’s health cardiovascular disease identity forensics infectious disease endocrinology oncology coagulation occupational testing and pain management.

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