Gabalex Capital Management Has Lifted Position in Prudential Finl (PRU); Duncker Streett & Company Increased Laboratory Amer Hldgs (LH) Position by $732,550

June 17, 2018 - By Darrin Black

Laboratory Corporation of America Holdings (NYSE:LH) Logo

Gabalex Capital Management Llc increased its stake in Prudential Finl Inc (PRU) by 25% based on its latest 2018Q1 regulatory filing with the SEC. Gabalex Capital Management Llc bought 50,000 shares as the company’s stock declined 9.17% with the market. The hedge fund held 250,000 shares of the finance company at the end of 2018Q1, valued at $25.89 million, up from 200,000 at the end of the previous reported quarter. Gabalex Capital Management Llc who had been investing in Prudential Finl Inc for a number of months, seems to be bullish on the $41.40 billion market cap company. The stock decreased 0.19% or $0.19 during the last trading session, reaching $98.56. About 3.23 million shares traded or 61.51% up from the average. Prudential Financial, Inc. (NYSE:PRU) has declined 5.66% since June 17, 2017 and is downtrending. It has underperformed by 18.23% the S&P500. Some Historical PRU News: 30/04/2018 – New York students Helena Zimmerman of Purchase and Hailey Richman of Long Island City named among America’s top 10 youth volunt; 23/03/2018 – Fitch Rates Prudential Financial’s Senior Debt Issuance ‘A-‘; 06/04/2018 – Prudential Short Duration High Yield Fund, Inc. Reports Unaudited Earnings and Financial Position for Quarter Ended February 28; 30/04/2018 – Two Mississippi youth honored for volunteerism at national award ceremony in Washington, D.C; 30/04/2018 – Two Georgia youth honored for volunteerism at national award ceremony in Washington, D.C; 09/05/2018 – HAWAII RENEWS PACT W/PRUDENTIAL RETIREMENT TO MANAGE $2.4B PLAN; 30/04/2018 – Two Pennsylvania youth honored for volunteerism at national award ceremony in Washington, D.C; 30/04/2018 – Two Iowa youth honored for volunteerism at national award ceremony in Washington, D.C; 30/04/2018 – Two New Mexico youth honored for volunteerism at national award ceremony in Washington, D.C; 19/04/2018 – DJ Prudential Financial Inc, Inst Holders, 1Q 2018 (PRU)

Duncker Streett & Company Inc increased its stake in Laboratory Corp Amer Hldgs (LH) by 104.53% based on its latest 2018Q1 regulatory filing with the SEC. Duncker Streett & Company Inc bought 4,550 shares as the company’s stock rose 4.18% while stock markets declined. The institutional investor held 8,903 shares of the medical specialities company at the end of 2018Q1, valued at $1.44 million, up from 4,353 at the end of the previous reported quarter. Duncker Streett & Company Inc who had been investing in Laboratory Corp Amer Hldgs for a number of months, seems to be bullish on the $19.38 billion market cap company. The stock increased 0.81% or $1.53 during the last trading session, reaching $189.41. About 1.03 million shares traded or 41.50% up from the average. Laboratory Corporation of America Holdings (NYSE:LH) has risen 28.45% since June 17, 2017 and is uptrending. It has outperformed by 15.88% the S&P500. Some Historical LH News: 03/05/2018 – LabCorp to Webcast Its Annual Meeting of Shareholders; 22/03/2018 – LabCorp and Appalachian Regional Healthcare Create Comprehensive Laboratory Collaboration; 27/04/2018 – News On Airware Labs Corp. (AIRW) Now Under INLB; 30/04/2018 – LabCorp: Deal With Eurofins Is All-Cash Transaction; 09/03/2018 – Covance Forms lmmunology & lmmunotoxicology Unit Focused on Biologic Drug Development; 25/04/2018 – Laboratory Corporation 1Q Rev $2.8B; 25/05/2018 – LABCORP – CO, AETNA EXTENDED, EXPANDED EXISTING AGREEMENT, MAKING CO PREFERRED NATIONAL LABORATORY FOR SUBSTANTIALLY ALL AETNA MEMBERS FROM JAN 1, 2019; 30/04/2018 – LabCorp Enters Into Definitive Agreement to Sell Covance Food Solutions to Eurofins for $670 Million; 25/04/2018 – Laboratory Corporation 1Q Net $173.2M; 22/03/2018 – LABCORP – CO, APPALACHIAN REGIONAL HEALTHCARE ENTERED MULTI-YEAR, COMPREHENSIVE LABORATORY PARTNERSHIP

Gabalex Capital Management Llc, which manages about $399.75 million and $331.75 million US Long portfolio, decreased its stake in Walmart Inc (NYSE:WMT) by 150,000 shares to 250,000 shares, valued at $22.24M in 2018Q1, according to the filing. It also reduced its holding in Activision Blizzard Inc (NASDAQ:ATVI) by 75,000 shares in the quarter, leaving it with 200,000 shares, and cut its stake in Berkshire Hathaway Inc Del (BRKB).

More important recent Prudential Financial, Inc. (NYSE:PRU) news were published by: Bizjournals.com which released: “Prudential grabs $250 million stake in CityView’s 700-unit Bay Area apartment portfolio” on June 12, 2018, also Benzinga.com published article titled: “Goldman’s Insurance Pair Trade: Prudential Financial Upgraded, Metlife Downgraded”, Bizjournals.com published: “Alamo Drafthouse sets opening date for new Houston-area theater, to close existing location” on June 15, 2018. More interesting news about Prudential Financial, Inc. (NYSE:PRU) was released by: Seekingalpha.com and their article: “Prudential raised, MetLife cut, AXA Equitable initiated at ‘buy’ by Goldman” with publication date: June 04, 2018.

Investors sentiment decreased to 1.16 in 2018 Q1. Its down 0.02, from 1.18 in 2017Q4. It dropped, as 44 investors sold PRU shares while 270 reduced holdings. 99 funds opened positions while 265 raised stakes. 259.90 million shares or 2.95% less from 267.81 million shares in 2017Q4 were reported. Quantbot Techs LP owns 20,623 shares or 0.18% of their US portfolio. Carroll Financial Associate owns 1,241 shares for 0.01% of their portfolio. Ny State Teachers Retirement owns 712,865 shares for 0.18% of their portfolio. Hudock Capital Gp Ltd holds 1,167 shares. Retirement Systems Of Alabama, Alabama-based fund reported 421,997 shares. Guardian Life Insurance Com Of America invested in 975 shares. Country Fincl Bank holds 61 shares. Pennsylvania-based Commonwealth Of Pennsylvania Public School Empls Retrmt has invested 0.05% in Prudential Financial, Inc. (NYSE:PRU). Nuwave Invest Mgmt reported 4,767 shares. Wg Shaheen And Associate Dba Whitney And Co accumulated 700 shares. Highvista Strategies Lc invested in 2,400 shares. Gabalex Management Limited Liability Company holds 250,000 shares or 7.8% of its portfolio. Loring Wolcott & Coolidge Fiduciary Llp Ma holds 0% of its portfolio in Prudential Financial, Inc. (NYSE:PRU) for 170 shares. Atria Limited Company invested in 0.13% or 26,741 shares. Moreover, Ftb Advsrs Incorporated has 0.01% invested in Prudential Financial, Inc. (NYSE:PRU) for 1,190 shares.

Among 16 analysts covering Prudential Financial (NYSE:PRU), 12 have Buy rating, 0 Sell and 4 Hold. Therefore 75% are positive. Prudential Financial had 57 analyst reports since August 6, 2015 according to SRatingsIntel. The company was maintained on Thursday, October 5 by Morgan Stanley. RBC Capital Markets maintained Prudential Financial, Inc. (NYSE:PRU) rating on Monday, June 26. RBC Capital Markets has “Hold” rating and $11300 target. Morgan Stanley downgraded Prudential Financial, Inc. (NYSE:PRU) on Wednesday, December 14 to “Equal-Weight” rating. The company was upgraded on Thursday, January 11 by Atlantic Securities. The firm has “Outperform” rating given on Thursday, November 12 by Keefe Bruyette & Woods. Zacks upgraded Prudential Financial, Inc. (NYSE:PRU) on Monday, September 7 to “Buy” rating. FBR Capital downgraded it to “Mkt Perform” rating and $86 target in Tuesday, October 18 report. The stock has “Buy” rating by Keefe Bruyette & Woods on Friday, November 10. The company was initiated on Thursday, January 26 by Citigroup. The rating was maintained by Morgan Stanley with “Equal-Weight” on Thursday, November 2.

Since February 20, 2018, it had 0 buys, and 1 sale for $4.43 million activity.

Investors sentiment decreased to 1.08 in 2018 Q1. 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. Eagle Boston Invest Mgmt reported 0.03% stake. Hancock Holding Co owns 0.64% invested in Laboratory Corporation of America Holdings (NYSE:LH) for 88,920 shares. Brick Kyle Associates holds 1,328 shares or 0.17% of its portfolio. Sheets Smith Wealth Mgmt accumulated 0.96% or 24,655 shares. Franklin Street Advsr Nc holds 1.5% or 61,767 shares in its portfolio. East Coast Asset Mgmt Ltd Co owns 6,106 shares or 0.28% of their US portfolio. Lazard Asset Mngmt Limited Liability Com stated it has 203,913 shares or 0.06% of all its holdings. Ingalls & Snyder Ltd Liability Company reported 0.01% in Laboratory Corporation of America Holdings (NYSE:LH). Atlantic Trust Ltd Llc reported 0.01% of its portfolio in Laboratory Corporation of America Holdings (NYSE:LH). Brown Advisory reported 0.01% of its portfolio in Laboratory Corporation of America Holdings (NYSE:LH). Andra Ap owns 0.22% invested in Laboratory Corporation of America Holdings (NYSE:LH) for 52,600 shares. Weybosset Rech And Mngmt Lc accumulated 27,473 shares. Stevens Management Lp holds 0.45% or 73,216 shares in its portfolio. The Maryland-based Campbell & Inv Adviser Ltd has invested 0.18% in Laboratory Corporation of America Holdings (NYSE:LH). Cypress Cap Gru holds 0.39% of its portfolio in Laboratory Corporation of America Holdings (NYSE:LH) for 11,456 shares.

More important recent Laboratory Corporation of America Holdings (NYSE:LH) news were published by: Seekingalpha.com which released: “Premarket analyst action – healthcare” on June 07, 2018, also Streetinsider.com published article titled: “UnitedHealth Group (UNH) Announces Long-term Strategic Partnership with LabCorp (LH)”, Bizjournals.com published: “LabCorp CEO brings in $4.5 million from exercising, selling stock” on May 29, 2018. More interesting news about Laboratory Corporation of America Holdings (NYSE:LH) was released by: Businesswire.com and their article: “LabCorp Expands Drug Development Solutions with Acquisition of Sciformix” with publication date: June 11, 2018.

Since February 7, 2018, it had 0 insider buys, and 12 insider sales for $34.00 million activity. Dodson Edward T also sold $2.38 million worth of Laboratory Corporation of America Holdings (NYSE:LH) on Wednesday, June 6. The insider ANDERSON KERRII B sold 3,300 shares worth $548,124. EISENBERG GLENN A sold $1.81M worth of stock. $228,967 worth of Laboratory Corporation of America Holdings (NYSE:LH) was sold by Gilliland Dwight Gary. Another trade for 49,966 shares valued at $8.76M was made by KING DAVID P on Wednesday, May 23. The insider Schechter Adam H sold $213,813.

Duncker Streett & Company Inc, which manages about $337.79 million and $395.06M US Long portfolio, decreased its stake in Snap On Inc (NYSE:SNA) by 3,110 shares to 120 shares, valued at $18,000 in 2018Q1, according to the filing.

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

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