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 60% in the past twelve months. We currently have the stock trading on an Acquirer’s Multiple of 8.16, which means that it remains undervalued.
(Source: Morningstar)
Superinvestors who currently hold positions in Laboratory Corporation of America include:
(Shares)
Andreas Halvorsen – 1,373,414
Israel Englander – 757,996
John Rogers – 689,859
Barry Rosenstein – 578,659
Ken Griffin – 522,980
Wally Weitz – 370,200
Charles Brandes – 218,879
Cliff Asness – 187,662
Jim Simons – 172,523
Steve Cohen – 140,946
Michael Price – 100,000
Jeremy Grantham – 99,067
Ray Dalio – 83,131
Joel Greenblatt – 29,808
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