Labcorp
About: Laboratory Corp. of America is one of the nation's two largest independent clinical laboratories, with roughly 20% of the independent lab market. The company operates approximately 2,000 patient-service centers, offering a broad range of 5,000 clinical lab tests, ranging from routine blood and urine screens to complex oncology and genomic testing.
Employees: 67,000
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
65% more call options, than puts
Call options by funds: $68.7M | Put options by funds: $41.7M
14% more funds holding in top 10
Funds holding in top 10: 7 [Q1] → 8 (+1) [Q2]
7% less repeat investments, than reductions
Existing positions increased: 302 | Existing positions reduced: 323
2.13% less ownership
Funds ownership: 93.76% [Q1] → 91.63% (-2.13%) [Q2]
9% less funds holding
Funds holding: 916 [Q1] → 838 (-78) [Q2]
9% less capital invested
Capital invested by funds: $17.2B [Q1] → $15.7B (-$1.48B) [Q2]
51% less first-time investments, than exits
New positions opened: 75 | Existing positions closed: 153
Research analyst outlook
11 Wall Street Analysts provided 1 year price targets over the past 3 months
11 analyst ratings
Barclays Jack Meehan 0% 1-year accuracy 0 / 3 met price target | 9%upside $234 | Equal-Weight Maintained | 16 Oct 2024 |
Piper Sandler David Westenberg 73% 1-year accuracy 16 / 22 met price target | 9%upside $235 | Neutral Initiated | 1 Oct 2024 |
Evercore ISI Group Elizabeth Anderson 40% 1-year accuracy 10 / 25 met price target | 12%upside $240 | In-Line Maintained | 24 Sept 2024 |
Jefferies Brian Tanquilut 44% 1-year accuracy 4 / 9 met price target | 23%upside $265 | Buy Maintained | 23 Sept 2024 |
Baird Eric Coldwell 37% 1-year accuracy 7 / 19 met price target | 31%upside $282 | Outperform Maintained | 20 Sept 2024 |
Financial journalist opinion
Based on 11 articles about LH published over the past 30 days