A. D. Beadell Investment Counsel buys $1,993,375 stake in Laboratory Corp. of America Holdings (LH)

Laboratory Corp. of America Holdings (LH) : A. D. Beadell Investment Counsel scooped up 25 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 Apr 20, 2016. The investment management firm now holds a total of 16,370 shares of Laboratory Corp. of America Holdings which is valued at $1,993,375.Laboratory Corp. of America Holdings makes up approximately 1.81% of A. D. Beadell Investment Counsel’s portfolio.

Laboratory Corp. of America Holdings opened for trading at $121.21 and hit $122.02 on the upside on Friday, eventually ending the session at $121.77, with a gain of 0.64% or 0.77 points. The heightened volatility saw the trading volume jump to 15,43,310 shares. Company has a market cap of $12,384 M.

Other Hedge Funds, Including , First Quadrant L Pca reduced its stake in LH by selling 400 shares or 2.34% in the most recent quarter. The Hedge Fund company now holds 16,700 shares of LH which is valued at $2,033,559. Laboratory Corp. of America Holdings makes up approx 0.04% of First Quadrant L Pca’s portfolio.Rhenman Partners Asset Management Ab reduced its stake in LH by selling 6,000 shares or 7.41% in the most recent quarter. The Hedge Fund company now holds 75,000 shares of LH which is valued at $9,132,750. Laboratory Corp. of America Holdings makes up approx 1.65% of Rhenman Partners Asset Management Ab’s portfolio. Simplex Trading sold out all of its stake in LH during the most recent quarter. The investment firm sold 108 shares of LH which is valued $12,912.Bkd Wealth Advisors boosted its stake in LH in the latest quarter, The investment management firm added 791 additional shares and now holds a total of 13,312 shares of Laboratory Corp. of America Holdings which is valued at $1,591,583. Laboratory Corp. of America Holdings makes up approx 0.25% of Bkd Wealth Advisors’s portfolio.

On the company’s financial health, Laboratory Corp. of America Holdings reported $2.02 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Apr 25, 2016. Analyst had a consensus of $1.96. The company had revenue of $2295.20 million for the quarter, compared to analysts expectations of $2184.25 million. The company’s revenue was up 29.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.73 EPS.

Many Wall Street Analysts have commented on Laboratory Corp. of America Holdings. Company shares were Reiterated by Mizuho on Apr 26, 2016 to “Neutral”, Firm has raised the Price Target to $ 132 from a previous price target of $119 .Company shares were Reiterated by Canaccord Genuity on Apr 26, 2016 to “Buy”, Firm has raised the Price Target to $ 140 from a previous price target of $135 .Company shares were Reiterated by Barclays on Apr 26, 2016 to “Overweight”, Firm has raised the Price Target to $ 155 from a previous price target of $152 .

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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