Laboratory Corporation of America Holdings (NYSE:LH).
Raymond James & Associates says it bought 13,571 shares last quarter increasing its holdings in Laboratory Corporation of America Holdings by 10.2%. Its position was valued at $22,099,000 an increase of 8.0% as of quarter end.
Several firms have updated their holdings. As of quarter end RBO & CO LLC had disposed of 170 shares trimming its stake by 0.3%. The value of the company’s investment in Laboratory Corporation of America Holdings decreased from $9,504,000 to $9,283,000 a change of $221,000 quarter to quarter. As of the end of the quarter Boston Research & Management Inc had sold a total of 25 shares trimming its position 0.1%. The value of the investment in (LH) went from $3,583,000 to $3,505,000 decreasing 2.2% quarter over quarter.
Baird Financial Group, Inc. trimmed its investment by shedding 1,793 shares a decrease of 7.9% from 06/30/2017 to 09/30/2017. Baird Financial Group, Inc. now controls 20,840 shares worth $3,146,000. The total value of its holdings decreased 9.8%.
On October 27 Robert W. Baird maintained a stock rating of “Hold” targeting a price of $150.00. October 26 investment analysts at Craig Hallum left the stock rating at “Buy” with a current price target of $180.00.
Barclays PLC raised the price target on October 26 changing the forecast from $183.00 to $190.00 and stated a “Overweight” rating. Equity analyst Deutsche Bank AG raised the price target of the stock on October 26 changing the price objective from $170.00 to $172.00 with a rating of “Buy”.
October 20 investment analysts at Jefferies Group LLC made no change to the company rating of “Hold” projecting a price of $170.00. October 17 investment analysts at Robert W. Baird left the company rating at “Hold” targeting a price of $166.00.
The company is now down since yesterday’s close of 149.91. The P/E ratio is 20.81 and market cap is 15.27B. In the latest earnings report the EPS was $7.17 with 102.10M shares presently outstanding.
Traders are feeling more bearish on Laboratory Corporation of America Holdings of late at least if you consider the uptick in short interest. The company saw a rise in short interest from September 29, 2017 to October 13, 2017 of 13.51%. Short shares increased 275,271 over that timeframe. The short-interest ratio increased to 5.0 and the short interest percentage is 0.02% as of October 13.