Laboratory Amer Hldgs (LH) Holder Speece Thorson Capital Group Lowered Its Position; As Penney J C (Put) (JCP) Stock Declined, Saba Capital Management LP Decreased Stake by $10.62 Million

February 15, 2018 - By Vivian Currie

Speece Thorson Capital Group Inc decreased its stake in Laboratory Corp Amer Hldgs (LH) by 14.73% based on its latest 2017Q3 regulatory filing with the SEC. Speece Thorson Capital Group Inc sold 14,930 shares as the company’s stock declined 0.17% while stock markets rallied. The hedge fund held 86,432 shares of the medical specialities company at the end of 2017Q3, valued at $13.05M, down from 101,362 at the end of the previous reported quarter. Speece Thorson Capital Group Inc who had been investing in Laboratory Corp Amer Hldgs for a number of months, seems to be less bullish one the $17.66 billion market cap company. The stock increased 0.45% or $0.78 during the last trading session, reaching $173.47. About 22,555 shares traded. Laboratory Corporation of America Holdings (NYSE:LH) has risen 10.51% since February 15, 2017 and is uptrending. It has underperformed by 6.19% the S&P500.

Boaz Weinstein decreased its stake in Penney J C Inc (Put) (JCP) by 87.33% based on its latest 2017Q3 regulatory filing with the SEC. Saba Capital Management Lp sold 1.06 million shares as the company’s stock declined 35.14% while stock markets rallied. The hedge fund run by Boaz Weinstein held 154,100 shares of the consumer services company at the end of 2017Q3, valued at $1.66M, down from 1.22M at the end of the previous reported quarter. Saba Capital Management Lp who had been investing in Penney J C Inc (Put) for a number of months, seems to be less bullish one the $1.18B market cap company. The stock increased 2.30% or $0.09 during the last trading session, reaching $3.78. About 1.14 million shares traded. J. C. Penney Company, Inc. (NYSE:JCP) has declined 40.00% since February 15, 2017 and is downtrending. It has underperformed by 56.70% the S&P500.

Since August 25, 2017, it had 0 buys, and 4 selling transactions for $12.26 million activity. $7.01M worth of stock was sold by KING DAVID P on Wednesday, September 6. EBERTS F SAMUEL III had sold 31,500 shares worth $4.89M on Friday, August 25. Schechter Adam H sold $213,813 worth of stock.

Among 19 analysts covering Laboratory Corp (NYSE:LH), 11 have Buy rating, 0 Sell and 8 Hold. Therefore 58% are positive. Laboratory Corp had 56 analyst reports since July 29, 2015 according to SRatingsIntel. Wells Fargo upgraded Laboratory Corporation of America Holdings (NYSE:LH) rating on Thursday, October 12. Wells Fargo has “Buy” rating and $175.0 target. Jefferies maintained Laboratory Corporation of America Holdings (NYSE:LH) on Thursday, October 19 with “Hold” rating. Mizuho maintained the shares of LH in report on Tuesday, February 6 with “Hold” rating. The stock of Laboratory Corporation of America Holdings (NYSE:LH) has “Hold” rating given on Monday, December 11 by Credit Suisse. The firm has “Overweight” rating given on Thursday, July 27 by Barclays Capital. The rating was maintained by Piper Jaffray on Monday, September 4 with “Buy”. The stock of Laboratory Corporation of America Holdings (NYSE:LH) earned “Hold” rating by Jefferies on Tuesday, April 26. Robert W. Baird downgraded the shares of LH in report on Monday, February 6 to “Neutral” rating. The stock of Laboratory Corporation of America Holdings (NYSE:LH) has “Neutral” rating given on Tuesday, December 8 by Goldman Sachs. The rating was maintained by Craig Hallum with “Buy” on Thursday, October 26.

Investors sentiment decreased to 0.9 in Q3 2017. Its down 0.16, from 1.06 in 2017Q2. It dived, as 41 investors sold LH shares while 239 reduced holdings. 70 funds opened positions while 181 raised stakes. 91.79 million shares or 1.82% less from 93.49 million shares in 2017Q2 were reported. 12,733 are owned by Advisory Network Limited Liability. Wellington Management Grp Limited Liability Partnership reported 0.03% stake. Atlanta Capital L L C reported 265,719 shares stake. Saybrook Capital Nc holds 0.24% or 3,200 shares in its portfolio. Deutsche National Bank & Trust Ag invested in 424,354 shares. Veritas Inv Mgmt (Uk) Ltd has invested 3.59% in Laboratory Corporation of America Holdings (NYSE:LH). Moreover, Cornercap Investment Counsel Inc has 0.58% invested in Laboratory Corporation of America Holdings (NYSE:LH). Fisher Asset Mngmt Ltd Liability Co owns 65,497 shares or 0.01% of their US portfolio. National Bank & Trust Of America Corporation De accumulated 1.24M shares. Plante Moran Fin Advsrs Ltd Llc reported 0.01% in Laboratory Corporation of America Holdings (NYSE:LH). Intrepid Capital Mngmt reported 0.72% of its portfolio in Laboratory Corporation of America Holdings (NYSE:LH). The New York-based Allen Inv Mngmt Limited Liability has invested 5.35% in Laboratory Corporation of America Holdings (NYSE:LH). Northwest Counselors Lc holds 1.09% or 16,711 shares in its portfolio. Moreover, Capital City Tru Company Fl has 0.9% invested in Laboratory Corporation of America Holdings (NYSE:LH). 2.91M are held by Glenview Capital Mngmt Ltd.

Speece Thorson Capital Group Inc, which manages about $408.00M and $480.35M US Long portfolio, upped its stake in White Mount Ins Grp Ltd (NYSE:WTM) by 3,413 shares to 20,475 shares, valued at $17.55 million in 2017Q3, according to the filing. It also increased its holding in Davita Healthcare Partners (NYSE:DVA) by 40,667 shares in the quarter, for a total of 321,182 shares, and has risen its stake in Miller Herman Inc (NASDAQ:MLHR).

Among 29 analysts covering J.C. Penney Company (NYSE:JCP), 3 have Buy rating, 5 Sell and 21 Hold. Therefore 10% are positive. J.C. Penney Company had 83 analyst reports since July 22, 2015 according to SRatingsIntel. Imperial Capital maintained it with “Underperform” rating and $5 target in Thursday, August 27 report. The company was maintained on Monday, October 30 by B. Riley & Co. Jefferies maintained it with “Hold” rating and $400 target in Friday, August 11 report. The rating was maintained by Piper Jaffray with “Hold” on Friday, October 27. Oppenheimer maintained the stock with “Market Perform” rating in Tuesday, May 23 report. The stock has “Hold” rating by Piper Jaffray on Friday, August 11. The rating was maintained by Cowen & Co on Friday, November 10 with “Hold”. The rating was maintained by Credit Suisse on Monday, September 21 with “Underperform”. The stock has “Underweight” rating by Morgan Stanley on Thursday, August 18. The stock has “Sell” rating by Credit Suisse on Friday, June 16.

Analysts await J. C. Penney Company, Inc. (NYSE:JCP) to report earnings on February, 23. They expect $0.42 EPS, down 34.38% or $0.22 from last year’s $0.64 per share. JCP’s profit will be $130.67M for 2.25 P/E if the $0.42 EPS becomes a reality. After $-0.33 actual EPS reported by J. C. Penney Company, Inc. for the previous quarter, Wall Street now forecasts -227.27% EPS growth.

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