Oakworth Capital Trimmed Its Position in Bank Of America (BAC) by $4.29 Million as Shares Declined; Natixis Lifted Laboratory Amer Hldgs (LH) Position by $1.01 Million

Laboratory Corporation of America Holdings (NYSE:LH) Logo

Natixis increased its stake in Laboratory Corp Amer Hldgs (LH) by 17.86% based on its latest 2018Q3 regulatory filing with the SEC. Natixis bought 5,861 shares as the company’s stock declined 17.37% with the market. The institutional investor held 38,671 shares of the medical specialities company at the end of 2018Q3, valued at $6.72M, up from 32,810 at the end of the previous reported quarter. Natixis who had been investing in Laboratory Corp Amer Hldgs for a number of months, seems to be bullish on the $13.31 billion market cap company. The stock increased 0.78% or $1.02 during the last trading session, reaching $131.92. About 682,466 shares traded. Laboratory Corporation of America Holdings (NYSE:LH) has declined 10.12% since January 12, 2018 and is downtrending. It has underperformed by 10.12% the S&P500. Some Historical LH News: 26/04/2018 – Airware Labs Announces Name Change to Item 9 Labs Corp. and New Ticker Symbol “INLB”; 25/04/2018 – Laboratory Corporation 1Q Net $173.2M; 14/05/2018 – Wellness Corporate Solutions Launches Upgraded Employee Wellness Portal; 25/04/2018 – LABCORP SEES 2018 REVENUE GROWTH OF 10.0% TO 12.0% OVER 2017 REVENUE OF $10.31 BLN; 25/04/2018 – Laboratory Corporation 1Q EPS $1.67; 03/04/2018 – Triad Bus Jour: LabCorp cuts deal for 200K+ square feet in RTP; 12/03/2018 – LABCORP – PAYMENT OF CONTINGENT CASH INTEREST IS EXPECTED TO BE MADE ON SEPTEMBER 12, 2018; 25/04/2018 – Labcorp Closes Above 50-Day Moving Average: Technicals; 23/04/2018 – LabCorp at Walgreens Expands into Florida; 21/03/2018 – Report: Developing Opportunities within Roper Technologies, Basic Energy Services, Laboratory Corporation of America, Brown For

Oakworth Capital Inc decreased its stake in Bank Of America (BAC) by 92.92% based on its latest 2018Q3 regulatory filing with the SEC. Oakworth Capital Inc sold 147,906 shares as the company’s stock declined 19.66% with the market. The institutional investor held 11,278 shares of the major banks company at the end of 2018Q3, valued at $332,000, down from 159,184 at the end of the previous reported quarter. Oakworth Capital Inc who had been investing in Bank Of America for a number of months, seems to be less bullish one the $255.46B market cap company. The stock increased 1.17% or $0.3 during the last trading session, reaching $26.03. About 63.48M shares traded. Bank of America Corporation (NYSE:BAC) has declined 13.97% since January 12, 2018 and is downtrending. It has underperformed by 13.97% the S&P500. Some Historical BAC News: 08/03/2018 – Marietta Daily: Bank of America to lay off 103 at Kennesaw office; 14/05/2018 – American Air Presenting at Bank of America Conference Tomorrow; 09/04/2018 – Merrill Lynch Expects Tariffs Deal Despite Escalating Rhetoric (Video); 15/05/2018 – BANK OF AMERICA – CREDIT CARD DELINQUENCY RATE 1.63 PCT AT APRIL END VS 1.69 PCT AT MARCH END – SEC FILING; 25/04/2018 – BofA’s Big Plans for China Don’t Include a Securities Venture; 28/03/2018 – MOVES-BAML names new global head of oil and gas trading; 25/04/2018 – Nabriva Therapeutics at Bank of America Conference May 17; 30/03/2018 – Former Merrill Lynch CEO John Thain Slated to Join Deutsche Bank Supervisory Board; 16/05/2018 – Hedge Funds Buy VICI Properties, Sell BofA in Financials: 13F; 22/03/2018 – BOFA SAYS BUY UKRAINE 2021 BOND TO BET ON IMF TRANCHE, BUYBACK

Oakworth Capital Inc, which manages about $500.15M US Long portfolio, upped its stake in Ishares Core S&P 500 Etf (IVV) by 1,537 shares to 7,058 shares, valued at $2.07 million in 2018Q3, according to the filing. It also increased its holding in Consumer Staples Spdr Etf (XLP) by 7,534 shares in the quarter, for a total of 140,437 shares, and has risen its stake in Total System Services Inc (NYSE:TSS).

Investors sentiment decreased to 0.84 in Q3 2018. Its down 0.17, from 1.01 in 2018Q2. It dived, as 57 investors sold BAC shares while 649 reduced holdings. 123 funds opened positions while 473 raised stakes. 6.37 billion shares or 1.73% less from 6.48 billion shares in 2018Q2 were reported. Neumann Mngmt Lc has 116,225 shares for 2.02% of their portfolio. Union Retail Bank Corp reported 201,673 shares stake. Apriem Advsr, California-based fund reported 211,211 shares. 766,451 are held by Signature Inv Advisors Ltd. Gfs Ltd Liability has invested 6.96% in Bank of America Corporation (NYSE:BAC). Massachusetts-based Marble Harbor Investment Counsel Ltd Liability Co has invested 0.17% in Bank of America Corporation (NYSE:BAC). Cumberland holds 1.74% of its portfolio in Bank of America Corporation (NYSE:BAC) for 620,257 shares. Tradewinds Management Limited Co accumulated 11,998 shares. Janney Montgomery Scott Ltd Llc accumulated 0.47% or 1.84M shares. Caprock Inc holds 0.26% or 42,985 shares. 110,000 were accumulated by Dudley Shanley Inc. Busey Tru Company owns 38,290 shares for 0.1% of their portfolio. Yhb Investment Advsr owns 31,029 shares or 0.14% of their US portfolio. 4.83M are held by Bluefin Trading Ltd. The Connecticut-based Bourgeon Capital Management Limited Com has invested 2.97% in Bank of America Corporation (NYSE:BAC).

Analysts await Bank of America Corporation (NYSE:BAC) to report earnings on January, 16 before the open. They expect $0.63 EPS, up 34.04% or $0.16 from last year’s $0.47 per share. BAC’s profit will be $6.18 billion for 10.33 P/E if the $0.63 EPS becomes a reality. After $0.66 actual EPS reported by Bank of America Corporation for the previous quarter, Wall Street now forecasts -4.55% negative EPS growth.

More notable recent Bank of America Corporation (NYSE:BAC) news were published by: Seekingalpha.com which released: “Bank Of America: Bulls Vs. Bears – Seeking Alpha” on December 21, 2018, also Seekingalpha.com with their article: “Bank of America screens as cheap; don’t fear inversion, Morgan Stanley says. – Seeking Alpha” published on December 14, 2018, Seekingalpha.com published: “Financials’ decline abates, for the time being – Seeking Alpha” on December 28, 2018. More interesting news about Bank of America Corporation (NYSE:BAC) were released by: Seekingalpha.com and their article: “Bank Of America: A Good Crush – Seeking Alpha” published on January 08, 2019 as well as Seekingalpha.com‘s news article titled: “Why JPMorgan And Bank Of America Will Likely Double The Market’s Returns In The Coming Years – Seeking Alpha” with publication date: December 13, 2018.

Among 33 analysts covering Bank of America (NYSE:BAC), 22 have Buy rating, 0 Sell and 11 Hold. Therefore 67% are positive. Bank of America had 118 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Deutsche Bank on Tuesday, August 25 with “Buy”. Bernstein upgraded it to “Mkt Perform” rating and $19.0 target in Tuesday, August 25 report. Deutsche Bank downgraded Bank of America Corporation (NYSE:BAC) rating on Tuesday, November 8. Deutsche Bank has “Hold” rating and $17 target. The company was maintained on Tuesday, July 18 by RBC Capital Markets. The rating was maintained by Citigroup on Tuesday, April 24 with “Neutral”. As per Tuesday, September 13, the company rating was downgraded by Societe Generale. The firm has “Overweight” rating by Morgan Stanley given on Friday, February 2. The stock has “Hold” rating by Robert W. Baird on Tuesday, January 2. The rating was maintained by Keefe Bruyette & Woods on Sunday, August 13 with “Buy”. On Thursday, December 21 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”.

Investors sentiment decreased to 0.97 in Q3 2018. Its down 0.01, from 0.98 in 2018Q2. It is negative, as 41 investors sold LH shares while 246 reduced holdings. 82 funds opened positions while 197 raised stakes. 89.08 million shares or 11.04% less from 100.13 million shares in 2018Q2 were reported. Westpac Banking, a Australia-based fund reported 5,861 shares. Deutsche Bancorp Ag stated it has 585,873 shares. Signature & Investment Advsr Limited Com holds 0.1% in Laboratory Corporation of America Holdings (NYSE:LH) or 6,628 shares. Asset has invested 0.05% in Laboratory Corporation of America Holdings (NYSE:LH). Scotia Inc has 23,657 shares. Paloma Partners Mgmt Com, a Connecticut-based fund reported 1,919 shares. Whitnell Co accumulated 7,443 shares or 0.51% of the stock. Hourglass Limited Liability Company stated it has 1,300 shares or 0.06% of all its holdings. Boyar Asset Management Inc accumulated 0.27% or 2,286 shares. Argent stated it has 0.06% in Laboratory Corporation of America Holdings (NYSE:LH). Smith Salley Associate invested 1.29% of its portfolio in Laboratory Corporation of America Holdings (NYSE:LH). White Pine Invest, a Michigan-based fund reported 24,788 shares. Chilton Capital Management Limited Liability Corp, a Texas-based fund reported 3,553 shares. Voya Invest Mgmt Ltd holds 46,827 shares or 0.02% of its portfolio. American Bankshares holds 1.69% or 33,774 shares.

More notable recent Laboratory Corporation of America Holdings (NYSE:LH) news were published by: Businesswire.com which released: “LabCorp is Scheduled to Present at the 37th Annual J.P. Morgan Healthcare Conference – Business Wire” on January 02, 2019, also Streetinsider.com with their article: “Lab Corp. (LH) Management Turnover Logical, No Change To Estimates At Credit Suisse – StreetInsider.com” published on December 24, 2018, Streetinsider.com published: “BofA/Merrill Lynch Downgrades Laboratory Corporation of America (LH) to Underperform – StreetInsider.com” on January 03, 2019. More interesting news about Laboratory Corporation of America Holdings (NYSE:LH) were released by: Fool.com and their article: “Here’s Why LabCorp Is Tanking Today – Motley Fool” published on November 30, 2018 as well as Bizjournals.com‘s news article titled: “Former LabCorp Diagnostics CEO receives $2 million severance – Triad Business Journal” with publication date: January 09, 2019.

Natixis, which manages about $17.29B US Long portfolio, decreased its stake in Ishares Tr (IBB) by 499,448 shares to 750,552 shares, valued at $91.53M in 2018Q3, according to the filing. It also reduced its holding in Kimberly Clark Corp (NYSE:KMB) by 41,184 shares in the quarter, leaving it with 270,583 shares, and cut its stake in Cboe Global Markets Inc (NASDAQ:CBOE).

Among 21 analysts covering Laboratory Corp (NYSE:LH), 12 have Buy rating, 1 Sell and 8 Hold. Therefore 57% are positive. Laboratory Corp had 82 analyst reports since July 29, 2015 according to SRatingsIntel. Mizuho maintained the shares of LH in report on Friday, December 1 with “Hold” rating. Craig Hallum maintained it with “Buy” rating and $180.0 target in Thursday, October 26 report. Robert W. Baird maintained the stock with “Hold” rating in Friday, September 1 report. SunTrust maintained Laboratory Corporation of America Holdings (NYSE:LH) on Wednesday, February 28 with “Buy” rating. Barclays Capital maintained Laboratory Corporation of America Holdings (NYSE:LH) rating on Monday, February 26. Barclays Capital has “Overweight” rating and $210 target. The company was maintained on Thursday, October 19 by Jefferies. The firm has “Neutral” rating by Citigroup given on Thursday, October 25. Citigroup maintained the shares of LH in report on Friday, February 9 with “Neutral” rating. Citigroup maintained Laboratory Corporation of America Holdings (NYSE:LH) on Monday, December 3 with “Neutral” rating. The stock of Laboratory Corporation of America Holdings (NYSE:LH) earned “Buy” rating by Canaccord Genuity on Tuesday, April 26.

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