Country Trust Bank Trimmed Its Laboratory Common (LH) Stake; Magnachip Semiconductor (MX)’s Sentiment Is 0.66

June 22, 2018 - By Linda Rogers

Laboratory Corporation of America Holdings (NYSE:LH) Logo

Magnachip Semiconductor Corp (MX) investors sentiment decreased to 0.66 in Q1 2018. It’s down -0.37, from 1.03 in 2017Q4. The ratio is negative, as 25 active investment managers increased and opened new equity positions, while 38 reduced and sold holdings in Magnachip Semiconductor Corp. The active investment managers in our database now possess: 23.09 million shares, down from 25.63 million shares in 2017Q4. Also, the number of active investment managers holding Magnachip Semiconductor Corp in top ten equity positions decreased from 4 to 3 for a decrease of 1. Sold All: 13 Reduced: 25 Increased: 10 New Position: 15.

Country Trust Bank decreased Laboratory Corp Common (LH) stake by 99.97% reported in 2018Q1 SEC filing. Country Trust Bank sold 140,457 shares as Laboratory Corp Common (LH)’s stock rose 4.18%. The Country Trust Bank holds 42 shares with $7,000 value, down from 140,499 last quarter. Laboratory Corp Common now has $19.35 billion valuation. The stock increased 0.83% or $1.55 during the last trading session, reaching $189.13. About 404,630 shares traded. Laboratory Corporation of America Holdings (NYSE:LH) has risen 28.45% since June 22, 2017 and is uptrending. It has outperformed by 15.88% the S&P500. Some Historical LH News: 08/03/2018 – Pioneer Core Equity Adds Labcorp, Cuts Marsh & McLennan; 25/04/2018 – LABCORP – 2018 ADJUSTED EPS GUIDANCE NOW INCLUDES PROJECTED NEGATIVE IMPACT FROM ASC 606 OF ABOUT $0.20 TO $0.30 PER SHARE FOR FULL YEAR 2018; 25/04/2018 – LABCORP 1Q ADJ EPS $2.78, EST. $2.63; 25/05/2018 – LabCorp to Become a Preferred National Laboratory for Aetna; 23/04/2018 – Laboratory Corporation of America Holdings expected to post earnings of $2.63 a share – Earnings Preview; 25/04/2018 – Laboratory Corporation 1Q Adj EPS $2.78; 09/03/2018 – Covance Forms Immunology & Immunotoxicology Unit Focused on Biologic Drug Development; 24/05/2018 – UnitedHealthcare Establishes Long-term Strategic Partnership with LabCorp; 20/03/2018 – Interpace Diagnostics Announces Expansion of LabCorp National Agreement; 24/04/2018 – LABCORP SAYS CO, MOUNT SINAI ENTERED INTO CONTRACT THAT WILL “ENHANCE” LAB OPERATIONS AT EACH OF MOUNT SINAI’S 7 ACUTE CARE HOSPITALS – SEC FILING

Another recent and important Laboratory Corporation of America Holdings (NYSE:LH) news was published by Businesswire.com which published an article titled: “LabCorp Expands Drug Development Solutions with Acquisition of Sciformix” on June 11, 2018.

Country Trust Bank increased Kroger Company Common (NYSE:KR) stake by 288,458 shares to 923,550 valued at $22.11M in 2018Q1. It also upped Walt Disney Common (NYSE:DIS) stake by 5,723 shares and now owns 171,484 shares. Ishares S&P Us Preferred Stock (PFF) was raised too.

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 16.25 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.

Since February 7, 2018, it had 0 insider buys, and 12 selling transactions for $34.00 million activity. 1,263 shares valued at $213,813 were sold by Schechter Adam H on Wednesday, February 7. 5,500 shares were sold by BERBERIAN LANCE, worth $1.00M on Thursday, May 31. Another trade for 3,300 shares valued at $548,124 was sold by ANDERSON KERRII B. KING DAVID P had sold 49,967 shares worth $8.23 million. Gilliland Dwight Gary had sold 1,263 shares worth $228,967 on Thursday, May 31. 8,400 shares valued at $1.41M were sold by EISENBERG GLENN A on Monday, February 12. Dodson Edward T had sold 13,000 shares worth $2.38M.

Investors sentiment decreased to 1.08 in Q1 2018. Its down 0.12, from 1.2 in 2017Q4. It dropped, as 26 investors sold LH shares while 233 reduced holdings. 74 funds opened positions while 206 raised stakes. 91.81 million shares or 0.38% more from 91.47 million shares in 2017Q4 were reported. Capital City Trust Fl, Florida-based fund reported 13,929 shares. Moreover, Texas Permanent School Fund has 0.06% invested in Laboratory Corporation of America Holdings (NYSE:LH). Contravisory Invest Mngmt Incorporated has 2.24% invested in Laboratory Corporation of America Holdings (NYSE:LH). Commerce Commercial Bank owns 5,552 shares. Brandes Ptnrs LP reported 0.2% in Laboratory Corporation of America Holdings (NYSE:LH). Buckingham Mngmt reported 0.18% of its portfolio in Laboratory Corporation of America Holdings (NYSE:LH). Segall Bryant And Hamill Limited Liability accumulated 60,909 shares. Baker Ellis Asset Mngmt reported 6,550 shares. 20,243 were reported by Nomura Asset. Fulton Commercial Bank Na invested in 2,057 shares or 0.02% of the stock. Hancock Hldgs owns 88,920 shares. Wilbanks Smith & Thomas Asset Management Lc reported 1,868 shares. Millennium Management Lc holds 265,638 shares or 0.06% of its portfolio. Barclays Plc reported 291,120 shares. Strs Ohio holds 0.01% of its portfolio in Laboratory Corporation of America Holdings (NYSE:LH) for 15,973 shares.

Among 20 analysts covering Laboratory Corp (NYSE:LH), 15 have Buy rating, 0 Sell and 5 Hold. Therefore 75% are positive. Laboratory Corp had 67 analyst reports since July 29, 2015 according to SRatingsIntel. KeyBanc Capital Markets maintained Laboratory Corporation of America Holdings (NYSE:LH) rating on Tuesday, August 16. KeyBanc Capital Markets has “Overweight” rating and $150 target. On Thursday, July 27 the stock rating was maintained by Craig Hallum with “Buy”. Jefferies maintained it with “Hold” rating and $170.0 target in Tuesday, September 12 report. Citigroup initiated Laboratory Corporation of America Holdings (NYSE:LH) rating on Friday, September 9. Citigroup has “Neutral” rating and $156 target. The company was maintained on Wednesday, February 7 by Craig Hallum. The stock of Laboratory Corporation of America Holdings (NYSE:LH) has “Buy” rating given on Wednesday, February 28 by Canaccord Genuity. The firm earned “Outperform” rating on Tuesday, May 1 by Robert W. Baird. On Friday, December 1 the stock rating was maintained by Mizuho with “Hold”. Morgan Stanley maintained it with “Overweight” rating and $192 target in Wednesday, February 28 report. The rating was maintained by Deutsche Bank with “Buy” on Thursday, October 26.

North Run Capital Lp holds 13.01% of its portfolio in MagnaChip Semiconductor Corporation for 2.45 million shares. Proxima Capital Management Llc owns 650,000 shares or 3.42% of their US portfolio. Moreover, S Squared Technology Llc has 1.56% invested in the company for 190,157 shares. The California-based Engaged Capital Llc has invested 1.54% in the stock. Brigade Capital Management Lp, a New York-based fund reported 2.96 million shares.

The stock decreased 1.44% or $0.15 during the last trading session, reaching $10.3. About 371,425 shares traded or 21.92% up from the average. MagnaChip Semiconductor Corporation (MX) has risen 29.07% since June 22, 2017 and is uptrending. It has outperformed by 16.50% the S&P500. Some Historical MX News: 15/05/2018 – Capital Group Companies Inc. Exits Magnachip Semiconductor; 15/05/2018 – Shannon River Management Buys 1% of Magnachip Semiconductor; 14/05/2018 – Cavalry Group Buys New 1.1% Position in Magnachip Semiconductor; 01/05/2018 – MagnaChip Introduces Third-Generation 40-Nanometer Mobile OLED DDIC for Smartphone Displays Without Bezels; 16/04/2018 – MagnaChip to Host Annual Foundry Technology Symposium in Santa Clara, California on May 23, 2018; 30/04/2018 – MagnaChip 1Q EPS 8c; 12/04/2018 – Report: Developing Opportunities within Delek Logistics Partners, LendingTree, KB Financial Group, MagnaChip Semiconductor, Lam; 14/05/2018 – MagnaChip and YMC to Offer Cost Effective 0.13 micron Multiple-Time Programmable (MTP) IP Solutions; 30/04/2018 – MagnaChip 1Q Adj EPS 4c; 08/03/2018 All countries hit by US metals tariffs can negotiate exclusions -AP report

Ratings analysis reveals 100% of MagnaChip Semi’s analysts are positive. Out of 2 Wall Street analysts rating MagnaChip Semi, 2 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. MX was included in 2 notes of analysts from September 29, 2016. The company was initiated on Thursday, September 29 by Roth Capital. The firm earned “Buy” rating on Friday, January 13 by Needham.

Analysts await MagnaChip Semiconductor Corporation (NYSE:MX) to report earnings on August, 2. They expect $0.14 EPS, down 33.33% or $0.07 from last year’s $0.21 per share. MX’s profit will be $4.81M for 18.39 P/E if the $0.14 EPS becomes a reality. After $0.04 actual EPS reported by MagnaChip Semiconductor Corporation for the previous quarter, Wall Street now forecasts 250.00% EPS growth.

MagnaChip Semiconductor Corporation (NYSE:MX) Institutional Positions Chart

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