Part of the weekly research here at The Acquirer’s Multiple features some of the top picks from our Stock Screeners and some top investors who are holding these same picks in their portfolios. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Jim Simons, Prem Watsa, Jeremy Grantham, Seth Klarman, Ray Dalio, and Howard Marks. The top investor data is provided from their latest 13F’s. This week we’ll take a look at:
Laboratory Corp. of America Holdings (NYSE: LH)
Laboratory Corporation of America is one of the nation’s two largest independent clinical laboratories, with roughly 20% of the independent lab market. The company operates approximately 2,000 patient-service centers, offering a broad range of 5,000 clinical lab tests, ranging from routine blood and urine screens to complex oncology and genomic testing. With the addition of Covance, LabCorp also has a sizable footprint in the global contract research organization market.
A quick look at the price chart below for Laboratory Corporation of America shows us that the stock is up 74% in the past twelve months. We currently have the stock trading on an Acquirer’s Multiple of 8.42, which means that it remains undervalued.
(Source: Morningstar)
Superinvestors who currently hold positions in Laboratory Corporation of America include:
(Shares)
Barry Rosenstein – 811,661
John Rogers – 691,256
Israel Englander – 606,785
Wells Fargo – 600,714
Wally Weitz – 456,400
Jim Simons – 335,705
Ken Griffin – 217,820
Cliff Asness – 120,712
Steve Cohen – 104,300
Andreas Halvorsen – 94,500
Ray Dalio – 49,173
Paul Tudor Jones – 34,550
Joel Greenblatt – 17,861
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