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Contravisory Investment Management Has Trimmed Its Laboratory Amer Hldgs (LH) Stake as Market Valuation Rose; As First Republic (FRC) Stock Price Rose, Karp Capital Management Cut Its Holding

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Karp Capital Management Corp decreased its stake in First Republic (FRC) by 53.77% based on its latest 2017Q4 regulatory filing with the SEC. Karp Capital Management Corp sold 13,124 shares as the company’s stock rose 3.67% while stock markets declined. The institutional investor held 11,285 shares of the company at the end of 2017Q4, valued at $978,000, down from 24,409 at the end of the previous reported quarter. Karp Capital Management Corp who had been investing in First Republic for a number of months, seems to be less bullish one the $15.05 billion market cap company. The stock increased 0.56% or $0.52 during the last trading session, reaching $92.99. About 837,442 shares traded. First Republic Bank (NYSE:FRC) has risen 0.07% since April 23, 2017 and is uptrending. It has underperformed by 11.48% the S&P500.

Contravisory Investment Management Inc decreased its stake in Laboratory Corp Amer Hldgs (LH) by 8.88% based on its latest 2017Q4 regulatory filing with the SEC. Contravisory Investment Management Inc sold 3,801 shares as the company’s stock rose 1.25% while stock markets declined. The institutional investor held 39,016 shares of the medical specialities company at the end of 2017Q4, valued at $6.22M, down from 42,817 at the end of the previous reported quarter. Contravisory Investment Management Inc who had been investing in Laboratory Corp Amer Hldgs for a number of months, seems to be less bullish one the $16.85 billion market cap company. The stock decreased 1.84% or $3.09 during the last trading session, reaching $165.17. About 695,470 shares traded. Laboratory Corporation of America Holdings (NYSE:LH) has risen 14.17% since April 23, 2017 and is uptrending. It has outperformed by 2.62% the S&P500.

Analysts await Laboratory Corporation of America Holdings (NYSE:LH) to report earnings on April, 25 before the open. They expect $2.64 EPS, up 18.92% or $0.42 from last year’s $2.22 per share. LH’s profit will be $269.29 million for 15.64 P/E if the $2.64 EPS becomes a reality. After $2.45 actual EPS reported by Laboratory Corporation of America Holdings for the previous quarter, Wall Street now forecasts 7.76% EPS growth.

Since October 30, 2017, it had 0 buys, and 5 insider sales for $10.55 million activity. 49,967 shares were sold by KING DAVID P, worth $8.23M on Friday, March 23. Schechter Adam H also sold $213,813 worth of Laboratory Corporation of America Holdings (NYSE:LH) on Wednesday, February 7. Gilliland Dwight Gary also sold $149,068 worth of Laboratory Corporation of America Holdings (NYSE:LH) on Monday, October 30. Another trade for 3,300 shares valued at $548,124 was made by ANDERSON KERRII B on Friday, February 9.

Among 20 analysts covering Laboratory Corp (NYSE:LH), 13 have Buy rating, 0 Sell and 7 Hold. Therefore 65% are positive. Laboratory Corp had 64 analyst reports since July 29, 2015 according to SRatingsIntel. The stock of Laboratory Corporation of America Holdings (NYSE:LH) has “Neutral” rating given on Friday, February 9 by Citigroup. The firm has “Neutral” rating given on Thursday, September 15 by Mizuho. SunTrust maintained Laboratory Corporation of America Holdings (NYSE:LH) rating on Wednesday, February 28. SunTrust has “Buy” rating and $210.0 target. UBS maintained it with “Neutral” rating and $125 target in Tuesday, April 26 report. Credit Suisse downgraded the stock to “Hold” rating in Monday, December 11 report. Mizuho maintained the stock with “Hold” rating in Tuesday, February 6 report. The firm earned “Buy” rating on Tuesday, February 6 by Piper Jaffray. Jefferies maintained the stock with “Hold” rating in Thursday, October 19 report. The rating was maintained by Mizuho on Friday, December 1 with “Hold”. Credit Suisse downgraded Laboratory Corporation of America Holdings (NYSE:LH) rating on Wednesday, July 12. Credit Suisse has “Hold” rating and $14600 target.

Investors sentiment increased to 1.2 in Q4 2017. Its up 0.30, from 0.9 in 2017Q3. It is positive, 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. Moreover, Strs Ohio has 0.01% invested in Laboratory Corporation of America Holdings (NYSE:LH). Stonebridge Cap Management has 8,420 shares for 0.51% of their portfolio. Walleye Trading owns 2,362 shares. Ajo Ltd Partnership owns 401,383 shares. Kentucky Retirement accumulated 0.07% or 6,278 shares. Captrust Fin Advisors has 0.01% invested in Laboratory Corporation of America Holdings (NYSE:LH). First Pacific Advsrs Ltd holds 19,560 shares or 0.02% of its portfolio. Cibc Asset Management, a Ontario – Canada-based fund reported 13,074 shares. Westpac Banking holds 0.02% or 5,861 shares in its portfolio. Sg Americas Securities Limited Liability Corporation invested in 0.02% or 13,545 shares. Voloridge Investment Management Ltd Liability has 11,372 shares. Gam Hldg Ag accumulated 0.11% or 21,664 shares. Amer Natl Bank, a Texas-based fund reported 34,693 shares. Tiverton Asset Mngmt Limited Liability Company holds 0.02% or 1,558 shares in its portfolio. Greenleaf Tru stated it has 0.07% of its portfolio in Laboratory Corporation of America Holdings (NYSE:LH).

Among 19 analysts covering First Republic Bank (NYSE:FRC), 8 have Buy rating, 0 Sell and 11 Hold. Therefore 42% are positive. First Republic Bank had 87 analyst reports since October 6, 2015 according to SRatingsIntel. The stock has “Hold” rating by RBC Capital Markets on Tuesday, October 24. The rating was maintained by BMO Capital Markets with “Hold” on Monday, May 29. The firm has “Market Perform” rating by Wood given on Friday, October 14. On Friday, October 13 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. The stock of First Republic Bank (NYSE:FRC) has “Mkt Outperform” rating given on Thursday, February 2 by JMP Securities. The rating was maintained by Sandler O’Neill with “Hold” on Thursday, January 4. The firm earned “Hold” rating on Friday, April 13 by RBC Capital Markets. Jefferies maintained First Republic Bank (NYSE:FRC) rating on Wednesday, April 18. Jefferies has “Hold” rating and $8800 target. On Friday, October 13 the stock rating was maintained by Maxim Group with “Buy”. The company was maintained on Monday, October 19 by RBC Capital Markets.

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

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