Mcrae Capital Management Trimmed Its Position in Laboratory Amer Hldgs (LH) by $371,250; Intuit (INTU) Market Value Rose While Novare Capital Management Cut by $1.17 Million Its Holding

January 19, 2018 - By Henry Gaston

Mcrae Capital Management Inc decreased its stake in Laboratory Corp Amer Hldgs (LH) by 4% based on its latest 2017Q3 regulatory filing with the SEC. Mcrae Capital Management Inc sold 2,475 shares as the company’s stock declined 0.17% while stock markets rallied. The institutional investor held 59,460 shares of the medical specialities company at the end of 2017Q3, valued at $8.98M, down from 61,935 at the end of the previous reported quarter. Mcrae Capital Management Inc who had been investing in Laboratory Corp Amer Hldgs for a number of months, seems to be less bullish one the $17.62 billion market cap company. The stock increased 0.27% or $0.46 during the last trading session, reaching $173.11. About 414,460 shares traded. Laboratory Corporation of America Holdings (NYSE:LH) has risen 10.51% since January 19, 2017 and is uptrending. It has underperformed by 6.19% the S&P500.

Novare Capital Management Llc decreased its stake in Intuit Inc (INTU) by 38.53% based on its latest 2017Q3 regulatory filing with the SEC. Novare Capital Management Llc sold 8,247 shares as the company’s stock rose 4.61% with the market. The institutional investor held 13,159 shares of the prepackaged software company at the end of 2017Q3, valued at $1.87 million, down from 21,406 at the end of the previous reported quarter. Novare Capital Management Llc who had been investing in Intuit Inc for a number of months, seems to be less bullish one the $42.03 billion market cap company. The stock increased 0.07% or $0.11 during the last trading session, reaching $164.4. About 980,771 shares traded. Intuit Inc. (NASDAQ:INTU) has risen 23.62% since January 19, 2017 and is uptrending. It has outperformed by 6.92% the S&P500.

Since August 1, 2017, it had 0 buys, and 7 sales for $14.75 million activity. KING DAVID P also sold $7.01M worth of Laboratory Corporation of America Holdings (NYSE:LH) on Wednesday, September 6. Shares for $149,068 were sold by Gilliland Dwight Gary. Uthgenannt Lisa J sold $800,000 worth of Laboratory Corporation of America Holdings (NYSE:LH) on Tuesday, August 1. 3,100 shares valued at $486,338 were sold by Williams R Sanders on Friday, August 11. Another trade for 2,871 shares valued at $459,739 was made by Dodson Edward T on Tuesday, August 1. EISENBERG GLENN A sold $951,672 worth of Laboratory Corporation of America Holdings (NYSE:LH) on Tuesday, August 1.

Among 19 analysts covering Laboratory Corp (NYSE:LH), 10 have Buy rating, 0 Sell and 9 Hold. Therefore 53% are positive. Laboratory Corp had 49 analyst reports since July 29, 2015 according to SRatingsIntel. The stock has “Buy” rating by Canaccord Genuity on Tuesday, April 26. The stock has “Hold” rating by Jefferies on Friday, June 9. On Thursday, October 12 the stock rating was upgraded by Wells Fargo to “Buy”. The rating was maintained by RBC Capital Markets with “Sector Perform” on Friday, February 19. The rating was maintained by Barclays Capital with “Overweight” on Thursday, July 27. The company was maintained on Sunday, October 15 by Robert W. Baird. The rating was maintained by Mizuho on Friday, December 1 with “Hold”. The stock of Laboratory Corporation of America Holdings (NYSE:LH) earned “Neutral” rating by Goldman Sachs on Tuesday, December 8. The firm earned “Hold” rating on Thursday, October 19 by Jefferies. The firm has “Buy” rating given on Thursday, July 27 by Craig Hallum.

Investors sentiment decreased to 0.9 in Q3 2017. Its down 0.16, from 1.06 in 2017Q2. It fall, 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. Montag & Caldwell Ltd Liability Corp stated it has 0.02% in Laboratory Corporation of America Holdings (NYSE:LH). Fiduciary Ser Of The Southwest Tx owns 2,245 shares. 217,571 are owned by Rhumbline Advisers. Cornerstone Cap Limited Liability Corp holds 17,431 shares or 0.02% of its portfolio. Boston Prtn invested 0.86% of its portfolio in Laboratory Corporation of America Holdings (NYSE:LH). Stevens Cap Management LP holds 0.1% in Laboratory Corporation of America Holdings (NYSE:LH) or 18,052 shares. National Bank Of Montreal Can holds 0.06% or 452,094 shares. Barry Invest Ltd Co invested in 0.52% or 9,344 shares. 5,378 are owned by Public Sector Pension Investment Board. Ipswich Investment Communications invested in 14,332 shares or 0.97% of the stock. Beck Mack And Oliver Limited Liability holds 2.54% in Laboratory Corporation of America Holdings (NYSE:LH) or 512,394 shares. Vantage Inv Advisors Ltd Company stated it has 0.01% of its portfolio in Laboratory Corporation of America Holdings (NYSE:LH). Hanson & Doremus Inv holds 0.01% or 107 shares. Hudock Capital Limited Liability invested in 0.05% or 700 shares. Employees Retirement System Of Texas holds 26,000 shares or 0.05% of its portfolio.

Analysts await Laboratory Corporation of America Holdings (NYSE:LH) to report earnings on February, 15. They expect $2.40 EPS, up 11.63% or $0.25 from last year’s $2.15 per share. LH’s profit will be $244.33 million for 18.03 P/E if the $2.40 EPS becomes a reality. After $2.46 actual EPS reported by Laboratory Corporation of America Holdings for the previous quarter, Wall Street now forecasts -2.44% negative EPS growth.

Investors sentiment decreased to 0.92 in 2017 Q3. Its down 0.04, from 0.96 in 2017Q2. It turned negative, as 33 investors sold INTU shares while 249 reduced holdings. 66 funds opened positions while 193 raised stakes. 215.12 million shares or 0.10% less from 215.33 million shares in 2017Q2 were reported. Asset Management holds 16,818 shares. Advisor Prtn Limited owns 5,160 shares. North Star Mngmt Corp holds 0.02% or 1,260 shares in its portfolio. Point72 Asia (Hong Kong) Ltd holds 0.39% or 3,886 shares in its portfolio. Farr Miller And Washington Limited Liability Co Dc reported 188,337 shares. Select Equity Grp Inc LP has 0.33% invested in Intuit Inc. (NASDAQ:INTU). Yorktown And Co Inc stated it has 2,300 shares. First Allied Advisory owns 2,074 shares for 0.01% of their portfolio. Federated Investors Pa stated it has 0.01% of its portfolio in Intuit Inc. (NASDAQ:INTU). Kentucky Retirement Sys Insur Fund has 0.16% invested in Intuit Inc. (NASDAQ:INTU). State Board Of Administration Of Florida Retirement System holds 0.15% in Intuit Inc. (NASDAQ:INTU) or 375,423 shares. Sand Hill Glob Advisors Limited Liability stated it has 0.03% in Intuit Inc. (NASDAQ:INTU). The Utah-based Utah Retirement has invested 0.14% in Intuit Inc. (NASDAQ:INTU). First Personal Fincl Services invested in 0.03% or 881 shares. Exxonmobil Inv Mgmt Incorporated Tx, a Texas-based fund reported 44,449 shares.

Since August 24, 2017, it had 0 insider purchases, and 15 sales for $155.18 million activity. 1,783 shares were sold by STANSBURY HENRY TAYLOE, worth $257,109. $13.37 million worth of stock was sold by Goodarzi Sasan K on Thursday, August 24. FLOURNOY MARK J had sold 1,868 shares worth $265,839 on Monday, September 11. COOK SCOTT D had sold 183,333 shares worth $26.62M. $2.18 million worth of Intuit Inc. (NASDAQ:INTU) was sold by Wernikoff Daniel A on Thursday, September 7.

Among 23 analysts covering Intuit (NASDAQ:INTU), 9 have Buy rating, 2 Sell and 12 Hold. Therefore 39% are positive. Intuit had 79 analyst reports since August 10, 2015 according to SRatingsIntel. The rating was downgraded by Barclays Capital on Friday, July 15 to “Equal-Weight”. The firm has “Buy” rating by Jefferies given on Friday, September 18. First Analysis upgraded Intuit Inc. (NASDAQ:INTU) on Wednesday, August 23 to “Hold” rating. Credit Suisse maintained the shares of INTU in report on Wednesday, August 23 with “Buy” rating. The stock of Intuit Inc. (NASDAQ:INTU) has “Outperform” rating given on Friday, September 18 by Oppenheimer. The stock has “Hold” rating by RBC Capital Markets on Wednesday, November 15. The company was maintained on Monday, June 20 by Brean Capital. The stock has “Hold” rating by Stifel Nicolaus on Wednesday, October 4. Goldman Sachs maintained Intuit Inc. (NASDAQ:INTU) on Wednesday, August 24 with “Buy” rating. The stock of Intuit Inc. (NASDAQ:INTU) earned “Overweight” rating by Barclays Capital on Thursday, September 10.

Novare Capital Management Llc, which manages about $695.33 million and $568.22 million US Long portfolio, upped its stake in Enterprise Prd Prtnrs Lp (NYSE:EPD) by 123,849 shares to 488,900 shares, valued at $12.75M in 2017Q3, according to the filing. It also increased its holding in Emerson Electric Co (NYSE:EMR) by 66,547 shares in the quarter, for a total of 72,973 shares, and has risen its stake in Starbucks Corp (NASDAQ:SBUX).

Analysts await Intuit Inc. (NASDAQ:INTU) to report earnings on February, 22. They expect $0.09 EPS, up 28.57% or $0.02 from last year’s $0.07 per share. INTU’s profit will be $23.01M for 456.67 P/E if the $0.09 EPS becomes a reality. After $-0.14 actual EPS reported by Intuit Inc. for the previous quarter, Wall Street now forecasts -164.29% EPS growth.

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