Laboratory of America: Funds Buying Shares in Q3

Insiders are generally long-term investors due to restriction in making short-term profits. In contrast, wealth management institutions always have short-term investment. Wall St. Watchdog reveals information regarding the insiders and institutions which recently increased stock shares of Laboratory Corp. of America Holdings (NYSE:LH).

SEC data indicate that these institutions significantly increased their stock shares of Laboratory Corp. of America Holdings in Q3 2011:

  • JENSEN INVESTMENT MANAGEMENT INC: On 06/30/2011, held 0 shares. On 09/30/2011, held 976,413 shares, worth $77,185,448.
  • GLENVIEW CAPITAL MANAGEMENT LLC: On 06/30/2011, held 0 shares. On 09/30/2011, held 768,200 shares, worth $60,726,210.
  • SEI TRUST CO: On 06/30/2011, held 0 shares. On 09/30/2011, held 193,100 shares, worth $15,264,555.
  • RMB CAPITAL MANAGEMENT, LLC: On 06/30/2011, held 0 shares. On 09/30/2011, held 183,502 shares, worth $14,505,833.
  • MORGAN STANLEY: On 06/30/2011, held 0 shares. On 09/30/2011, held 178,130 shares, worth $14,081,177.

About the company: Laboratory Corporation of America Holdings is a clinical laboratory organization. The Company offers a wide range of clinical laboratory tests which are used by the medical profession in routine testing, patient diagnosis, and in the monitoring and treatment of disease. Laboratory Corporation operates a network of laboratories and service sites which serve clients across the United States.

Competitors to Watch: Quest Diagnostics Inc. (NYSE:DGX), Orchid Cellmark, Inc. (NASDAQ:ORCH), Clarient, Inc. (NASDAQ:CLRT), Bio-Reference Laboratories, Inc. (NASDAQ:BRLI), Psychemedics Corp. (NASDAQ:PMD), MEDTOX Scientific, Inc. (NASDAQ:MTOX), Enzo Biochem, Inc. (NYSE:ENZ) and RadNet Inc. (NASDAQ:RDNT).

(Note: Data regarding Laboratory Corp. of America Holdings’ stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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