Speece Thorson Capital Group Inc buys $16,787,475 stake in Laboratory Corp. of America Holdings (LH)

Laboratory Corp. of America Holdings (LH) : Speece Thorson Capital Group Inc scooped up 1,675 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 Jul 26, 2016. The investment management firm now holds a total of 122,002 shares of Laboratory Corp. of America Holdings which is valued at $16,787,475.Laboratory Corp. of America Holdings makes up approximately 3.60% of Speece Thorson Capital Group Inc’s portfolio.

Other Hedge Funds, Including , Candriam Luxembourg S.c.a. reduced its stake in LH by selling 17,378 shares or 78.02% in the most recent quarter. The Hedge Fund company now holds 4,896 shares of LH which is valued at $673,690. Laboratory Corp. of America Holdings makes up approx 0.02% of Candriam Luxembourg S.c.a.’s portfolio.New York State Teachers Retirement System boosted its stake in LH in the latest quarter, The investment management firm added 66 additional shares and now holds a total of 169,800 shares of Laboratory Corp. of America Holdings which is valued at $23,571,636. Laboratory Corp. of America Holdings makes up approx 0.06% of New York State Teachers Retirement System’s portfolio.Nordea Investment Management Ab boosted its stake in LH in the latest quarter, The investment management firm added 19,479 additional shares and now holds a total of 2,906,174 shares of Laboratory Corp. of America Holdings which is valued at $401,400,753. Laboratory Corp. of America Holdings makes up approx 1.14% of Nordea Investment Management Ab’s portfolio.Davenport Co boosted its stake in LH in the latest quarter, The investment management firm added 75 additional shares and now holds a total of 5,872 shares of Laboratory Corp. of America Holdings which is valued at $798,005. Laboratory Corp. of America Holdings makes up approx 0.01% of Davenport Co’s portfolio.Watch Point Trust Co reduced its stake in LH by selling 2,145 shares or 40.9% in the most recent quarter. The Hedge Fund company now holds 3,100 shares of LH which is valued at $419,430. Laboratory Corp. of America Holdings makes up approx 0.36% of Watch Point Trust Co’s portfolio.

Laboratory Corp. of America Holdings opened for trading at $138.29 and hit $139.64 on the upside on Friday, eventually ending the session at $139.56, with a gain of 0.76% or 1.05 points. The heightened volatility saw the trading volume jump to 8,10,187 shares. Company has a market cap of $14,291 M.

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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