Veritas Investment Management Llp buys $11,189,805 stake in Laboratory Corp. of America Holdings (LH)

Laboratory Corp. of America Holdings (LH) : Veritas Investment Management Llp scooped up 500 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 9, 2016. The investment management firm now holds a total of 80,300 shares of Laboratory Corp. of America Holdings which is valued at $11,189,805.Laboratory Corp. of America Holdings makes up approximately 2.05% of Veritas Investment Management Llp’s portfolio.

Other Hedge Funds, Including , Secor Capital Advisors Lp added LH to its portfolio by purchasing 2,211 company shares during the most recent quarter which is valued at $311,707. Laboratory Corp. of America Holdings makes up approx 0.04% of Secor Capital Advisors Lp’s portfolio.Ftb Advisors reduced its stake in LH by selling 258 shares or 10.44% in the most recent quarter. The Hedge Fund company now holds 2,213 shares of LH which is valued at $308,846. Laboratory Corp. of America Holdings makes up approx 0.04% of Ftb Advisors’s portfolio. Argyle Capital Management added LH to its portfolio by purchasing 1,607 company shares during the most recent quarter which is valued at $221,123. Laboratory Corp. of America Holdings makes up approx 0.09% of Argyle Capital Management’s portfolio.

Laboratory Corp. of America Holdings closed down -0.65 points or -0.47% at $138.24 with 8,11,364 shares getting traded on Wednesday. Post opening the session at $139.14, the shares hit an intraday low of $137.9 and an intraday high of $139.96 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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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