Telemus Capital Has Trimmed Its Amazon Com (AMZN) Position as Valuation Rose; Polar Securities Position in Laboratory Amer Hldgs (LH) Has Lifted by $375,000

January 13, 2018 - By Marguerite Chambers

Polar Securities Inc increased its stake in Laboratory Corp Amer Hldgs (LH) by 2.85% based on its latest 2017Q3 regulatory filing with the SEC. Polar Securities Inc bought 2,500 shares as the company’s stock declined 0.17% while stock markets rallied. The institutional investor held 90,100 shares of the medical specialities company at the end of 2017Q3, valued at $13.60 million, up from 87,600 at the end of the previous reported quarter. Polar Securities Inc who had been investing in Laboratory Corp Amer Hldgs for a number of months, seems to be bullish on the $17.47 billion market cap company. The stock increased 0.80% or $1.36 during the last trading session, reaching $171.64. About 499,970 shares traded. Laboratory Corporation of America Holdings (NYSE:LH) has risen 10.51% since January 13, 2017 and is uptrending. It has underperformed by 6.19% the S&P500.

Telemus Capital Llc decreased its stake in Amazon Com Inc (AMZN) by 11.62% based on its latest 2017Q3 regulatory filing with the SEC. Telemus Capital Llc sold 1,800 shares as the company’s stock rose 13.58% with the market. The institutional investor held 13,691 shares of the consumer services company at the end of 2017Q3, valued at $13.16 million, down from 15,491 at the end of the previous reported quarter. Telemus Capital Llc who had been investing in Amazon Com Inc for a number of months, seems to be less bullish one the $628.94 billion market cap company. The stock increased 2.23% or $28.52 during the last trading session, reaching $1305.2. About 5.44M shares traded or 54.00% up from the average. Amazon.com, Inc. (NASDAQ:AMZN) has risen 37.41% since January 13, 2017 and is uptrending. It has outperformed by 20.71% the S&P500.

Investors sentiment decreased to 0.9 in Q3 2017. Its down 0.16, from 1.06 in 2017Q2. It is negative, 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. Utah Retirement reported 0.06% of its portfolio in Laboratory Corporation of America Holdings (NYSE:LH). 2,800 were reported by Systematic Finance Ltd Partnership. Loomis Sayles And Limited Partnership holds 253,276 shares. Fifth Third Fincl Bank has invested 0.01% in Laboratory Corporation of America Holdings (NYSE:LH). Amalgamated Bancshares reported 11,714 shares or 0.06% of all its holdings. Folger Nolan Fleming Douglas Mngmt invested in 2,527 shares. Parametric Portfolio Associates Llc invested in 271,407 shares. Advisor Prtn Ltd Liability Company accumulated 2,156 shares or 0.06% of the stock. Legal And General Group Public Ltd Liability Com has 602,164 shares for 0.07% of their portfolio. Thompson Siegel Walmsley Ltd Company, a Virginia-based fund reported 523,204 shares. Peak Asset Management Ltd Llc holds 2,287 shares. Mason Street Advsr Ltd Liability reported 0.05% of its portfolio in Laboratory Corporation of America Holdings (NYSE:LH). Colony Group Ltd Liability accumulated 3,349 shares. Capital Financial Advisers Limited holds 0.04% or 28,276 shares in its portfolio. 169,356 are owned by Korea Investment Corporation.

Polar Securities Inc, which manages about $4.98B US Long portfolio, decreased its stake in Skechers U S A Inc (Call) (NYSE:SKX) by 233,300 shares to 200,000 shares, valued at $5.02 million in 2017Q3, according to the filing. It also reduced its holding in Service Corp Intl (NYSE:SCI) by 111,739 shares in the quarter, leaving it with 514,861 shares, and cut its stake in Bard C R Inc (NYSE:BCR).

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. Barclays Capital maintained it with “Overweight” rating and $155 target in Tuesday, April 26 report. KeyBanc Capital Markets maintained the stock with “Overweight” rating in Tuesday, August 16 report. As per Tuesday, October 17, the company rating was maintained by Canaccord Genuity. Canaccord Genuity maintained the shares of LH in report on Wednesday, January 3 with “Buy” rating. On Friday, December 1 the stock rating was maintained by Mizuho with “Hold”. The firm earned “Sector Weight” rating on Tuesday, June 27 by KeyBanc Capital Markets. The rating was maintained by Jefferies on Tuesday, April 26 with “Hold”. The stock of Laboratory Corporation of America Holdings (NYSE:LH) earned “Buy” rating by Canaccord Genuity on Tuesday, April 26. The firm earned “Overweight” rating on Thursday, August 10 by Morgan Stanley. Credit Suisse downgraded Laboratory Corporation of America Holdings (NYSE:LH) on Wednesday, July 12 to “Hold” rating.

Since August 1, 2017, it had 0 buys, and 7 sales for $14.75 million activity. On Wednesday, September 6 KING DAVID P sold $7.01M worth of Laboratory Corporation of America Holdings (NYSE:LH) or 44,687 shares. 3,100 shares valued at $486,338 were sold by Williams R Sanders on Friday, August 11. 31,500 shares were sold by EBERTS F SAMUEL III, worth $4.89M. 971 shares were sold by Gilliland Dwight Gary, worth $149,068 on Monday, October 30. The insider Uthgenannt Lisa J sold $800,000. Shares for $459,739 were sold by Dodson Edward T.

Investors sentiment decreased to 1.26 in Q3 2017. Its down 0.10, from 1.36 in 2017Q2. It is negative, as 73 investors sold AMZN shares while 549 reduced holdings. 127 funds opened positions while 657 raised stakes. 279.77 million shares or 1.91% less from 285.20 million shares in 2017Q2 were reported. Forbes J M And Limited Liability Partnership has 4,153 shares for 1% of their portfolio. First Merchants Corp has 250 shares. Patten And Patten Incorporated Tn has invested 0.17% in Amazon.com, Inc. (NASDAQ:AMZN). Fmr Ltd, Massachusetts-based fund reported 18.01M shares. Cranbrook Wealth Ltd Company holds 0.02% or 40 shares. 18,515 are held by Tx. Sta Wealth Ltd has invested 0.24% in Amazon.com, Inc. (NASDAQ:AMZN). Bp Public Ltd Liability Corp has 52,000 shares. Jpmorgan Chase reported 3.62 million shares stake. Davis invested in 8,487 shares or 4.8% of the stock. Canandaigua Bank Com accumulated 529 shares or 0.1% of the stock. Macnealy Hoover Investment Mgmt Incorporated reported 0.23% in Amazon.com, Inc. (NASDAQ:AMZN). Advantage Inc stated it has 0.02% in Amazon.com, Inc. (NASDAQ:AMZN). Valinor Mgmt LP reported 84,900 shares. Mckinley Ltd Liability Delaware owns 29,509 shares.

Since August 3, 2017, it had 0 insider buys, and 9 selling transactions for $16.47 million activity. Reynolds Shelley had sold 544 shares worth $536,666 on Tuesday, August 15. 710 shares were sold by WILKE JEFFREY A, worth $701,045. $2.30 million worth of Amazon.com, Inc. (NASDAQ:AMZN) was sold by Zapolsky David on Tuesday, August 15. 2,077 Amazon.com, Inc. (NASDAQ:AMZN) shares with value of $2.05 million were sold by Blackburn Jeffrey M. $1.96M worth of stock was sold by Jassy Andrew R on Tuesday, August 15.

Telemus Capital Llc, which manages about $2.42 billion and $857.31M US Long portfolio, upped its stake in Spdr Series Trust (SDY) by 89,566 shares to 99,651 shares, valued at $9.10M in 2017Q3, according to the filing. It also increased its holding in Apollo Invt Corp (NASDAQ:AINV) by 322,123 shares in the quarter, for a total of 1.25 million shares, and has risen its stake in Ishares Tr (CIU).

Analysts await Amazon.com, Inc. (NASDAQ:AMZN) to report earnings on February, 1. They expect $1.94 earnings per share, up 25.97% or $0.40 from last year’s $1.54 per share. AMZN’s profit will be $934.83M for 168.20 P/E if the $1.94 EPS becomes a reality. After $0.52 actual earnings per share reported by Amazon.com, Inc. for the previous quarter, Wall Street now forecasts 273.08% EPS growth.

Among 50 analysts covering Amazon.com (NASDAQ:AMZN), 47 have Buy rating, 0 Sell and 3 Hold. Therefore 94% are positive. Amazon.com had 246 analyst reports since July 21, 2015 according to SRatingsIntel. Piper Jaffray maintained the stock with “Buy” rating in Friday, September 4 report. The firm has “Overweight” rating by Piper Jaffray given on Tuesday, August 4. The stock of Amazon.com, Inc. (NASDAQ:AMZN) earned “Buy” rating by J.P. Morgan on Friday, July 28. The rating was maintained by Credit Suisse with “Buy” on Monday, January 8. The stock has “Hold” rating by KeyBanc Capital Markets on Sunday, July 23. As per Thursday, September 7, the company rating was initiated by DA Davidson. The stock has “Outperform” rating by RBC Capital Markets on Friday, September 16. On Friday, October 27 the stock rating was upgraded by Raymond James to “Outperform”. On Friday, July 28 the stock rating was maintained by UBS with “Buy”. The rating was initiated by BMO Capital Markets with “Outperform” on Wednesday, March 2.

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