Labcorp Holdings Inc (NYSE: LH) is 4.03% higher on its value in year-to-date trading and has touched a low of $191.97 and a high of $247.99 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The LH stock was last observed hovering at around $238.77 in the last trading session, with the day’s loss setting it -0.21%.
Currently trading at $238.56, the stock is 3.03% and 1.52% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.7 million and changing -0.09% at the moment leaves the stock 9.16% off its SMA200. LH registered 6.98% gain for a year compared to 6-month gain of 11.14%. The firm has a 50-day simple moving average (SMA 50) of $234.9988 and a 200-day simple moving average (SMA200) of $218.53615.
The stock witnessed a 3.89% loss in the last 1 month and extending the period to 3 months gives it a 10.09%, and is 2.83% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.11% over the week and 1.85% over the month.
Labcorp Holdings Inc (LH) has around 67000 employees, a market worth around $19.95B and $12.71B in sales. Current P/E ratio is 46.19 and Fwd P/E is 14.88. Profit margin for the company is 3.43%. Distance from 52-week low is 24.27% and -3.80% from its 52-week high. The company has generated returns on investments over the last 12 months (3.05%).
with sales reaching $3.31B over the same period.The EPS is expected to grow by 7.05% this year, but quarterly earnings will post 6.70% year-over-year. Quarterly sales are estimated to grow 9.04% in year-over-year returns.
Labcorp Holdings Inc (LH) Top Institutional Holders
1273.0 institutions hold shares in Labcorp Holdings Inc (LH), with institutional investors hold 95.09% of the company’s shares. The shares outstanding are 83.70M, and float is at 83.35M with Short Float at 2.30%. Institutions hold 94.77% of the Float.
The top institutional shareholder in the company is NICHOLAS COMPANY, INC. with over 0.19 million shares valued at $37.83 million. The investor’s holdings represent 0.221% of the LH Shares outstanding. As of 2024-06-30, the second largest holder is DEKABANK DEUTSCHE GIROZENTRALE with 0.11 million shares valued at $23.49 million to account for 0.129 of the shares outstanding. The other top investors are CLIFFORD SWAN INVESTMENT COUNSEL LLC which holds 85998.0 shares representing 0.1023% and valued at over $17.5 million, while OAK ASSOCIATES LTD /OH/ holds 0.0746 of the shares totaling 62707.0 with a market value of $12.76 million.
Labcorp Holdings Inc (LH) Insider Activity
The most recent transaction is an insider sale by ANDERSON KERRII B, the company’s Director. SEC filings show that ANDERSON KERRII B sold 1,000 shares of the company’s common stock on Jan 07 ’25 at a price of $235.00 per share for a total of $0.23 million. Following the sale, the insider now owns 12722.0 shares.
Still, SEC filings show that on Dec 02 ’24, EISENBERG GLENN A (Executive Vice President) disposed off 11,711 shares at an average price of $240.43 for $2.82 million. The insider now directly holds 31,289 shares of Labcorp Holdings Inc (LH).
