Catawba Capital Management Va buys $3,931,132 stake in Laboratory Corp. of America Holdings (LH)

Laboratory Corp. of America Holdings (LH) : Catawba Capital Management Va scooped up 3,895 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 Oct 7, 2016. The investment management firm now holds a total of 28,308 shares of Laboratory Corp. of America Holdings which is valued at $3,931,132.Laboratory Corp. of America Holdings makes up approximately 0.94% of Catawba Capital Management Va’s portfolio.

Other Hedge Funds, Including , Exxonmobil Investment Management Inc Tx reduced its stake in LH by selling 385 shares or 1.45% in the most recent quarter. The Hedge Fund company now holds 26,121 shares of LH which is valued at $3,627,423. Laboratory Corp. of America Holdings makes up approx 0.08% of Exxonmobil Investment Management Inc Tx’s portfolio. Indiana Trust Investment Management Co added LH to its portfolio by purchasing 1,485 company shares during the most recent quarter which is valued at $202,896. Laboratory Corp. of America Holdings makes up approx 0.11% of Indiana Trust Investment Management Co’s portfolio.Franklin Street Advisors Inc Nc reduced its stake in LH by selling 670 shares or 1.81% in the most recent quarter. The Hedge Fund company now holds 36,441 shares of LH which is valued at $4,978,934. Laboratory Corp. of America Holdings makes up approx 0.91% of Franklin Street Advisors Inc Nc’s portfolio.Eqis Capital Management reduced its stake in LH by selling 567 shares or 5.37% in the most recent quarter. The Hedge Fund company now holds 9,985 shares of LH which is valued at $1,364,251. Laboratory Corp. of America Holdings makes up approx 0.09% of Eqis Capital Management’s portfolio. Washington Trust Bank added LH to its portfolio by purchasing 13 company shares during the most recent quarter which is valued at $1,776.

Laboratory Corp. of America Holdings opened for trading at $137.59 and hit $139.24 on the upside on Friday, eventually ending the session at $138.87, with a gain of 1.01% or 1.39 points. The heightened volatility saw the trading volume jump to 9,31,437 shares. Company has a market cap of $14,206 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.

Many Wall Street Analysts have commented on Laboratory Corp. of America Holdings. Company shares were Reiterated by Mizuho on Sep 15, 2016 to “Neutral”, Firm has raised the Price Target to $ 145 from a previous price target of $132 .Laboratory Corp. of America Holdings was Initiated by Citigroup to “Neutral” on Sep 9, 2016.

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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