Glenview Capital Management Has Lowered Stake in Laboratory Amer Hldgs (LH) as Stock Value Rose; Wpx Energy (WPX) Position Has Lifted by Beaconlight Capital Llc

May 19, 2018 - By Marguerite Chambers

Laboratory Corporation of America Holdings (NYSE:LH) Logo

Larry Robbins decreased its stake in Laboratory Corp Amer Hldgs (LH) by 8.18% based on its latest 2017Q4 regulatory filing with the SEC. Glenview Capital Management Llc sold 237,762 shares as the company’s stock rose 1.25% while stock markets declined. The hedge fund run by Larry Robbins held 2.67 million shares of the medical specialities company at the end of 2017Q4, valued at $425.96M, down from 2.91 million at the end of the previous reported quarter. Glenview Capital Management Llc who had been investing in Laboratory Corp Amer Hldgs for a number of months, seems to be less bullish one the $18.03 billion market cap company. The stock decreased 0.05% or $0.09 during the last trading session, reaching $176.21. About 1.22M shares traded or 74.13% up from the average. Laboratory Corporation of America Holdings (NYSE:LH) has risen 14.17% since May 19, 2017 and is uptrending. It has outperformed by 2.62% the S&P500.

Ed Bosek increased its stake in Wpx Energy Inc (WPX) by 12.07% based on its latest 2017Q4 regulatory filing with the SEC. Beaconlight Capital Llc bought 257,179 shares as the company’s stock rose 0.29% while stock markets declined. The hedge fund run by Ed Bosek held 2.39 million shares of the energy company at the end of 2017Q4, valued at $33.61 million, up from 2.13M at the end of the previous reported quarter. Beaconlight Capital Llc who had been investing in Wpx Energy Inc for a number of months, seems to be bullish on the $7.40 billion market cap company. The stock decreased 1.75% or $0.33 during the last trading session, reaching $18.52. About 4.69M shares traded. WPX Energy, Inc. (NYSE:WPX) has risen 11.34% since May 19, 2017 and is uptrending. It has underperformed by 0.21% the S&P500.

Since May 7, 2018, it had 0 buys, and 4 selling transactions for $2.34 million activity. FAULKNER STEPHEN L JR sold $152,871 worth of WPX Energy, Inc. (NYSE:WPX) on Wednesday, May 9. 15,000 shares were sold by Vann J Kevin, worth $270,900 on Monday, May 7. $921,650 worth of WPX Energy, Inc. (NYSE:WPX) shares were sold by GUDERIAN BRYAN K.

Beaconlight Capital Llc, which manages about $170.27 million and $272.41 million US Long portfolio, decreased its stake in Hostess Brands Inc by 307,726 shares to 294,315 shares, valued at $4.36 million in 2017Q4, according to the filing. It also reduced its holding in Bio Rad Labs Inc (NYSE:BIO) by 14,869 shares in the quarter, leaving it with 53,005 shares, and cut its stake in Verisign Inc (NASDAQ:VRSN).

Another recent and important WPX Energy, Inc. (NYSE:WPX) news was published by Businesswire.com which published an article titled: “Glancy Prongay & Murray LLP Continues Investigation on Behalf of WPX Energy, Inc. (WPX) Investors” on May 17, 2018.

Investors sentiment decreased to 1.04 in 2017 Q4. Its down 0.25, from 1.29 in 2017Q3. It fall, as 32 investors sold WPX shares while 105 reduced holdings. 57 funds opened positions while 85 raised stakes. 381.83 million shares or 0.86% less from 385.12 million shares in 2017Q3 were reported. Delaware-based Riverhead Capital Ltd Liability Com has invested 0.03% in WPX Energy, Inc. (NYSE:WPX). Utd Ser Automobile Association stated it has 19,510 shares. Corecommodity Ltd Company invested in 0.35% or 29,935 shares. Alliancebernstein Limited Partnership reported 225,766 shares. Aperio Gp Limited Liability Com accumulated 0.01% or 84,041 shares. Fortress Inv Group Ltd Liability Co owns 1.06% invested in WPX Energy, Inc. (NYSE:WPX) for 2.89 million shares. Thrivent Fincl For Lutherans reported 0.18% in WPX Energy, Inc. (NYSE:WPX). Boothbay Fund Mgmt stated it has 37,501 shares. 66 were accumulated by Motco. Hudock Capital Gru accumulated 105 shares or 0% of the stock. Carroll Assocs holds 0% or 333 shares. Cambridge Advisors Incorporated has invested 0% in WPX Energy, Inc. (NYSE:WPX). Weiss Multi has 907,298 shares. Fred Alger Mgmt Incorporated reported 32,312 shares. Qs Invsts Ltd Llc invested in 30,958 shares or 0% of the stock.

Among 34 analysts covering WPX Energy (NYSE:WPX), 31 have Buy rating, 0 Sell and 3 Hold. Therefore 91% are positive. WPX Energy had 124 analyst reports since July 21, 2015 according to SRatingsIntel. Bank of America maintained it with “Buy” rating and $17 target in Tuesday, November 14 report. PiperJaffray upgraded WPX Energy, Inc. (NYSE:WPX) on Wednesday, April 11 to “Overweight” rating. The rating was upgraded by Deutsche Bank on Monday, November 28 to “Buy”. The stock of WPX Energy, Inc. (NYSE:WPX) earned “Neutral” rating by PiperJaffray on Monday, September 18. The rating was maintained by Susquehanna with “Buy” on Wednesday, January 17. As per Thursday, March 23, the company rating was initiated by UBS. Wunderlich maintained the shares of WPX in report on Friday, May 6 with “Buy” rating. Capital One upgraded WPX Energy, Inc. (NYSE:WPX) on Tuesday, February 9 to “Overweight” rating. The stock of WPX Energy, Inc. (NYSE:WPX) has “Neutral” rating given on Tuesday, June 7 by Seaport Global. The stock has “Buy” rating by Wunderlich on Wednesday, April 6.

Among 20 analysts covering Laboratory Corp (NYSE:LH), 14 have Buy rating, 0 Sell and 6 Hold. Therefore 70% are positive. Laboratory Corp had 65 analyst reports since July 29, 2015 according to SRatingsIntel. Mizuho maintained Laboratory Corporation of America Holdings (NYSE:LH) on Tuesday, February 6 with “Hold” rating. The firm earned “Hold” rating on Friday, November 24 by Jefferies. The stock of Laboratory Corporation of America Holdings (NYSE:LH) has “Buy” rating given on Wednesday, February 28 by SunTrust. The stock of Laboratory Corporation of America Holdings (NYSE:LH) earned “Buy” rating by Zacks on Monday, August 17. The rating was maintained by Jefferies on Tuesday, March 6 with “Hold”. The rating was maintained by Canaccord Genuity on Tuesday, October 17 with “Buy”. The firm earned “Overweight” rating on Monday, February 26 by Barclays Capital. The firm has “Hold” rating given on Thursday, October 19 by Jefferies. The stock of Laboratory Corporation of America Holdings (NYSE:LH) earned “Neutral” rating by UBS on Tuesday, April 26. The stock of Laboratory Corporation of America Holdings (NYSE:LH) earned “Hold” rating by Robert W. Baird on Thursday, February 8.

More recent Laboratory Corporation of America Holdings (NYSE:LH) news were published by: Benzinga.com which released: “Lab Stocks: Baird Favors Laboratory Corp., Says Quest Diagnostics Is The Simple Choice” on May 01, 2018. Also Seekingalpha.com published the news titled: “Laboratory of America Holdings (LH) Q1 2018 Results – Earnings Call Transcript” on April 25, 2018. Streetinsider.com‘s news article titled: “Glenview Capital Enters AmerisourceBergen (ABC), Express Scripts (ESRX), T-Mobile (TMUS) (more…) -13F” with publication date: May 15, 2018 was also an interesting one.

Investors sentiment increased to 1.2 in Q4 2017. Its up 0.30, from 0.9 in 2017Q3. It improved, as 36 investors sold LH shares while 209 reduced holdings. 73 funds opened positions while 220 raised stakes. 91.47 million shares or 0.35% less from 91.79 million shares in 2017Q3 were reported. New Amsterdam Prtn Limited Liability Com New York holds 3,753 shares. Mader Shannon Wealth has 20,583 shares. 6,400 were reported by Gamco Et Al. Cap Inv Advsrs Limited Liability Company accumulated 2,360 shares. Blackrock owns 7.97 million shares. Fmr Limited Liability Corp reported 0.02% of its portfolio in Laboratory Corporation of America Holdings (NYSE:LH). Jolley Asset Mngmt Ltd Liability Company has 75 shares. Loomis Sayles LP invested 0.05% in Laboratory Corporation of America Holdings (NYSE:LH). 1,535 are held by Ibm Retirement Fund. 56,139 are held by State Of Wisconsin Investment Board. 3,556 are owned by Keybank Association Oh. Moreover, Smithfield Trust has 0.02% invested in Laboratory Corporation of America Holdings (NYSE:LH) for 1,116 shares. Exxonmobil Inv Mngmt Incorporated Tx invested in 0.07% or 16,187 shares. Acadian Asset Llc, Massachusetts-based fund reported 359 shares. Northern Tru Corp reported 0.06% stake.

Since February 7, 2018, it had 0 insider buys, and 5 insider sales for $18.70 million activity. KING DAVID P sold $8.30M worth of Laboratory Corporation of America Holdings (NYSE:LH) on Monday, April 23. Shares for $1.41 million were sold by EISENBERG GLENN A. Shares for $548,124 were sold by ANDERSON KERRII B.

Analysts await Laboratory Corporation of America Holdings (NYSE:LH) to report earnings on July, 25. They expect $2.91 EPS, up 17.81% or $0.44 from last year’s $2.47 per share. LH’s profit will be $297.69M for 15.14 P/E if the $2.91 EPS becomes a reality. After $2.78 actual EPS reported by Laboratory Corporation of America Holdings for the previous quarter, Wall Street now forecasts 4.68% EPS growth.

Laboratory Corporation of America Holdings (NYSE:LH) Institutional Positions Chart

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