Leavell Investment Management Has Raised Its Laboratory Amer Hldgs Com New (LH) Position by $437,900; Stock Declined; Prudential Financial Trimmed Asbury Automotive Group (ABG) Stake by $10.96 Million; Stock Price Declined

February 22, 2018 - By Adrian Mccoy

Leavell Investment Management Inc increased its stake in Laboratory Amer Hldgs Com New (LH) by 91.22% based on its latest 2017Q3 regulatory filing with the SEC. Leavell Investment Management Inc bought 2,900 shares as the company’s stock declined 0.17% while stock markets rallied. The institutional investor held 6,079 shares of the medical specialities company at the end of 2017Q3, valued at $918,000, up from 3,179 at the end of the previous reported quarter. Leavell Investment Management Inc who had been investing in Laboratory Amer Hldgs Com New for a number of months, seems to be bullish on the $17.66B market cap company. The stock decreased 0.19% or $0.33 during the last trading session, reaching $173.43. About 285,572 shares traded. Laboratory Corporation of America Holdings (NYSE:LH) has risen 10.51% since February 22, 2017 and is uptrending. It has underperformed by 6.19% the S&P500.

Prudential Financial Inc decreased its stake in Asbury Automotive Group Inc (ABG) by 37.68% based on its latest 2017Q3 regulatory filing with the SEC. Prudential Financial Inc sold 179,610 shares as the company’s stock declined 15.17% while stock markets rallied. The institutional investor held 297,061 shares of the automotive aftermarket company at the end of 2017Q3, valued at $18.15M, down from 476,671 at the end of the previous reported quarter. Prudential Financial Inc who had been investing in Asbury Automotive Group Inc for a number of months, seems to be less bullish one the $1.42 billion market cap company. The stock increased 0.81% or $0.55 during the last trading session, reaching $68.05. About 53,112 shares traded. Asbury Automotive Group, Inc. (NYSE:ABG) has risen 7.55% since February 22, 2017 and is uptrending. It has underperformed by 9.15% the S&P500.

Among 19 analysts covering Laboratory Corp (NYSE:LH), 11 have Buy rating, 0 Sell and 8 Hold. Therefore 58% are positive. Laboratory Corp had 56 analyst reports since July 29, 2015 according to SRatingsIntel. Jefferies maintained it with “Hold” rating and $170.0 target in Tuesday, September 12 report. UBS maintained the shares of LH in report on Tuesday, April 26 with “Neutral” rating. Citigroup maintained the stock with “Neutral” rating in Friday, February 9 report. On Monday, February 6 the stock rating was downgraded by Robert W. Baird to “Neutral”. The stock of Laboratory Corporation of America Holdings (NYSE:LH) has “Buy” rating given on Tuesday, June 27 by Canaccord Genuity. The firm earned “Hold” rating on Sunday, October 15 by Robert W. Baird. The firm has “Hold” rating given on Friday, November 24 by Jefferies. On Tuesday, April 26 the stock rating was maintained by Jefferies with “Hold”. The firm has “Sector Weight” rating by KeyBanc Capital Markets given on Tuesday, June 27. As per Thursday, July 27, the company rating was maintained by Craig Hallum.

Investors sentiment decreased to 0.9 in 2017 Q3. Its down 0.16, from 1.06 in 2017Q2. It worsened, as 41 investors sold LH shares while 239 reduced holdings. 70 funds opened positions while 181 raised stakes. 91.79 million shares or 1.82% less from 93.49 million shares in 2017Q2 were reported. Ngam Advsrs LP stated it has 0.03% in Laboratory Corporation of America Holdings (NYSE:LH). Snow Mgmt LP has 14,110 shares for 0.1% of their portfolio. Natl Bank Of Montreal Can invested in 0.06% or 452,094 shares. First Republic Investment Management holds 12,862 shares or 0.01% of its portfolio. Brown Advisory invested in 30,031 shares or 0.02% of the stock. Ancora Advsr Ltd Liability reported 0.04% of its portfolio in Laboratory Corporation of America Holdings (NYSE:LH). Hussman Strategic Inc has invested 0.02% of its portfolio in Laboratory Corporation of America Holdings (NYSE:LH). Meiji Yasuda Life Co invested in 0.12% or 5,600 shares. Ami Asset Mngmt has 2.73% invested in Laboratory Corporation of America Holdings (NYSE:LH). Glg Limited reported 3,863 shares or 0.04% of all its holdings. Jlb & Assoc Incorporated has invested 0.61% in Laboratory Corporation of America Holdings (NYSE:LH). Eqis Capital invested 0.1% in Laboratory Corporation of America Holdings (NYSE:LH). Manchester Capital Mgmt Limited Liability Co has invested 0.14% of its portfolio in Laboratory Corporation of America Holdings (NYSE:LH). Rocky Mountain Advisers Limited Liability reported 17 shares or 0.01% of all its holdings. Laurion Cap Lp, New York-based fund reported 5,927 shares.

Leavell Investment Management Inc, which manages about $1.33 billion and $809.90 million US Long portfolio, decreased its stake in Vanguard Scottsdale Fd Vng Rus (VTWO) by 4,270 shares to 5,265 shares, valued at $626,000 in 2017Q3, according to the filing. It also reduced its holding in Vanguard Index Fds Reit Vipers (VNQ) by 5,363 shares in the quarter, leaving it with 45,387 shares, and cut its stake in Ishares Tr S&P Midcap 400 (IJH).

Since August 25, 2017, it had 0 insider purchases, and 5 insider sales for $9.33 million activity. Another trade for 31,500 shares valued at $4.89M was made by EBERTS F SAMUEL III on Friday, August 25. $213,813 worth of Laboratory Corporation of America Holdings (NYSE:LH) was sold by Schechter Adam H. 971 shares were sold by Gilliland Dwight Gary, worth $149,068 on Monday, October 30. KING DAVID P sold $7.01M worth of stock. Shares for $1.41 million were sold by EISENBERG GLENN A.

Prudential Financial Inc, which manages about $9.16 billion US Long portfolio, upped its stake in Baidu Inc (NASDAQ:BIDU) by 58,230 shares to 215,617 shares, valued at $53.41 million in 2017Q3, according to the filing. It also increased its holding in Advanced Energy Inds (NASDAQ:AEIS) by 7,596 shares in the quarter, for a total of 539,479 shares, and has risen its stake in Annaly Cap Mgmt Inc (NYSE:NLY).

Analysts await Asbury Automotive Group, Inc. (NYSE:ABG) to report earnings on April, 26. They expect $1.73 EPS, up 9.49% or $0.15 from last year’s $1.58 per share. ABG’s profit will be $36.02 million for 9.83 P/E if the $1.73 EPS becomes a reality. After $1.81 actual EPS reported by Asbury Automotive Group, Inc. for the previous quarter, Wall Street now forecasts -4.42% negative EPS growth.

Investors sentiment decreased to 0.91 in 2017 Q3. Its down 0.12, from 1.03 in 2017Q2. It fall, as 18 investors sold ABG shares while 52 reduced holdings. 19 funds opened positions while 45 raised stakes. 20.68 million shares or 2.75% less from 21.26 million shares in 2017Q2 were reported. Manufacturers Life The owns 14,094 shares. Paloma Ptnrs Management stated it has 17,292 shares or 0.01% of all its holdings. Metropolitan Life Ins invested in 0.01% or 25,584 shares. Koch Indus holds 0.06% of its portfolio in Asbury Automotive Group, Inc. (NYSE:ABG) for 4,016 shares. Northern Tru Corporation reported 0% in Asbury Automotive Group, Inc. (NYSE:ABG). California State Teachers Retirement Systems invested in 0% or 29,688 shares. California Pub Employees Retirement Sys has 0.01% invested in Asbury Automotive Group, Inc. (NYSE:ABG). 12,437 are held by Citadel Ltd Liability. Alliancebernstein Limited Partnership reported 27,121 shares. Louisiana State Employees Retirement Sys accumulated 7,500 shares or 0.02% of the stock. Gotham Asset Management Ltd Company holds 0.07% of its portfolio in Asbury Automotive Group, Inc. (NYSE:ABG) for 73,224 shares. Ameritas Invest Prtn Incorporated stated it has 1,726 shares or 0% of all its holdings. Renaissance Technologies Ltd invested in 0% or 20,904 shares. Sg Americas has invested 0% of its portfolio in Asbury Automotive Group, Inc. (NYSE:ABG). Pub Employees Retirement Association Of Colorado reported 239,802 shares.

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