Adage Capital Partners Gp Cut Laboratory Amer Hldgs (LH) Position; Solitario Exploration & Royalty (XPL)’s Sentiment Is 0.67

April 23, 2018 - By Henry Gaston

Laboratory Corporation of America Holdings (NYSE:LH) Logo

Adage Capital Partners Gp Llc decreased Laboratory Corp Amer Hldgs (LH) stake by 33.61% reported in 2017Q4 SEC filing. Adage Capital Partners Gp Llc sold 48,500 shares as Laboratory Corp Amer Hldgs (LH)’s stock rose 1.25%. The Adage Capital Partners Gp Llc holds 95,800 shares with $15.28 million value, down from 144,300 last quarter. Laboratory Corp Amer Hldgs now has $17.00 billion valuation. The stock increased 0.88% or $1.46 during the last trading session, reaching $166.62. About 514,397 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.

Solitario Exploration & Royalty Corp (XPL) investors sentiment decreased to 0.67 in 2017 Q4. It’s down -0.83, from 1.5 in 2017Q3. The ratio turned negative, as 4 institutional investors increased or opened new equity positions, while 6 trimmed and sold stakes in Solitario Exploration & Royalty Corp. The institutional investors in our database now have: 2.88 million shares, down from 3.01 million shares in 2017Q3. Also, the number of institutional investors holding Solitario Exploration & Royalty Corp in top ten equity positions was flat from 0 to 0 for the same number . Sold All: 2 Reduced: 4 Increased: 3 New Position: 1.

Fruth Investment Management holds 0.05% of its portfolio in Solitario Zinc Corp. for 203,000 shares. Bruce & Co. Inc. owns 254,040 shares or 0.03% of their US portfolio. Moreover, Agf Investments Inc. has 0% invested in the company for 111,630 shares. The Minnesota-based Ameriprise Financial Inc has invested 0% in the stock. Banque Pictet & Cie Sa, a Switzerland-based fund reported 100,000 shares.

The stock decreased 3.06% or $0.015 during the last trading session, reaching $0.4753. About 25,575 shares traded. Solitario Zinc Corp. (XPL) has declined 43.94% since April 23, 2017 and is downtrending. It has underperformed by 55.49% the S&P500.

Solitario Zinc Corp., an exploration and royalty company, engages in the acquisition, exploration, and development of precious and base metal properties in Peru, Brazil, and Mexico. The company has market cap of $27.76 million. The firm primarily explores for gold, silver, platinum, palladium, copper, lead, and zinc deposits. It currently has negative earnings. It primarily holds interests in the Bongará project comprising 16 concessions that covers an area of 12,600 hectares located in the Department of Amazonas, northern Peru; Chambara zinc property located in northern Peru; Newmont Alliance and the La Promesa project located in Peru.

Analysts await Laboratory Corporation of America Holdings (NYSE:LH) to report earnings on April, 25 before the open. They expect $2.64 earnings per share, up 18.92% or $0.42 from last year’s $2.22 per share. LH’s profit will be $269.29 million for 15.78 P/E if the $2.64 EPS becomes a reality. After $2.45 actual earnings per share reported by Laboratory Corporation of America Holdings for the previous quarter, Wall Street now forecasts 7.76% EPS growth.

Adage Capital Partners Gp Llc increased Cigna Corporation (NYSE:CI) stake by 128,300 shares to 485,863 valued at $98.67M in 2017Q4. It also upped Mattel Inc (NASDAQ:MAT) stake by 290,600 shares and now owns 462,942 shares. Equifax Inc (NYSE:EFX) was raised too.

Investors sentiment increased to 1.2 in 2017 Q4. Its up 0.30, from 0.9 in 2017Q3. It increased, 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. Boyar Asset Management stated it has 2,346 shares or 0.27% of all its holdings. Ingalls & Snyder Ltd Co stated it has 1,590 shares or 0.01% of all its holdings. New York-based Grisanti Management Limited Liability has invested 3.71% in Laboratory Corporation of America Holdings (NYSE:LH). Chemung Canal Trust, a New York-based fund reported 3,758 shares. Tower Cap Limited (Trc) reported 18 shares. Dnb Asset Mgmt As holds 0.02% of its portfolio in Laboratory Corporation of America Holdings (NYSE:LH) for 11,474 shares. Veritas (Uk) Limited invested in 4.19% or 71,143 shares. Northern Tru, Illinois-based fund reported 1.40M shares. Davidson Invest Advsr reported 1.15% in Laboratory Corporation of America Holdings (NYSE:LH). Leucadia accumulated 3,129 shares. Sumitomo Mitsui Holdg Inc holds 305,721 shares. Jennison Associate stated it has 949,992 shares. Lathrop Mgmt reported 89,665 shares or 3.94% of all its holdings. Kbc Grp Nv reported 0.08% stake. New York-based Renaissance Limited has invested 0.13% in Laboratory Corporation of America Holdings (NYSE:LH).

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. Mizuho maintained Laboratory Corporation of America Holdings (NYSE:LH) rating on Wednesday, July 29. Mizuho has “Neutral” rating and $130 target. SunTrust maintained the stock with “Buy” rating in Wednesday, February 28 report. The company was maintained on Monday, October 16 by Piper Jaffray. The firm has “Hold” rating given on Tuesday, February 6 by Mizuho. Credit Suisse maintained Laboratory Corporation of America Holdings (NYSE:LH) rating on Thursday, March 1. Credit Suisse has “Outperform” rating and $192 target. The firm has “Neutral” rating given on Friday, September 9 by Citigroup. Jefferies maintained Laboratory Corporation of America Holdings (NYSE:LH) rating on Tuesday, September 12. Jefferies has “Hold” rating and $170.0 target. Barclays Capital maintained it with “Overweight” rating and $210 target in Monday, February 26 report. The company was downgraded on Tuesday, June 27 by KeyBanc Capital Markets. RBC Capital Markets maintained it with “Sector Perform” rating and $130 target in Friday, February 19 report.

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

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