As Laboratory Of America (LH) Valuation Rose, Westwood Management Has Decreased Its Stake by $21.20 Million; Kimco Rlty (KIM) Shareholder Security Capital Research & Management Has Lifted Stake by $20.12 Million

May 24, 2018 - By Ellis Scott

Kimco Realty Corporation (NYSE:KIM) Logo

Security Capital Research & Management Inc increased its stake in Kimco Rlty Corp (KIM) by 67.72% based on its latest 2017Q4 regulatory filing with the SEC. Security Capital Research & Management Inc bought 1.12 million shares as the company’s stock declined 21.59% with the market. The institutional investor held 2.77 million shares of the real estate investment trusts company at the end of 2017Q4, valued at $50.25 million, up from 1.65 million at the end of the previous reported quarter. Security Capital Research & Management Inc who had been investing in Kimco Rlty Corp for a number of months, seems to be bullish on the $6.34B market cap company. The stock decreased 1.75% or $0.26 during the last trading session, reaching $14.9. About 1.58M shares traded. Kimco Realty Corporation (NYSE:KIM) has declined 35.77% since May 24, 2017 and is downtrending. It has underperformed by 47.32% the S&P500.

Westwood Management Corp decreased its stake in Laboratory Corp Of America (LH) by 96.01% based on its latest 2017Q4 regulatory filing with the SEC. Westwood Management Corp sold 133,350 shares as the company’s stock rose 1.25% while stock markets declined. The institutional investor held 5,540 shares of the medical specialities company at the end of 2017Q4, valued at $884,000, down from 138,890 at the end of the previous reported quarter. Westwood Management Corp who had been investing in Laboratory Corp Of America for a number of months, seems to be less bullish one the $17.95B market cap company. The stock decreased 0.08% or $0.14 during the last trading session, reaching $175.43. About 221,591 shares traded. Laboratory Corporation of America Holdings (NYSE:LH) has risen 14.17% since May 24, 2017 and is uptrending. It has outperformed by 2.62% the S&P500.

Since February 27, 2018, it had 1 buy, and 1 sale for $181,920 activity. $233,608 worth of Kimco Realty Corporation (NYSE:KIM) shares were bought by COVIELLO PHILIP E JR.

Investors sentiment decreased to 1.1 in Q4 2017. Its down 0.15, from 1.25 in 2017Q3. It dropped, as 32 investors sold KIM shares while 125 reduced holdings. 59 funds opened positions while 113 raised stakes. 373.17 million shares or 3.17% less from 385.41 million shares in 2017Q3 were reported. Nj State Employees Deferred Compensation Plan has invested 0.08% of its portfolio in Kimco Realty Corporation (NYSE:KIM). Apg Asset Management Nv reported 0.01% stake. Davis Selected Advisers invested in 463,030 shares or 0.04% of the stock. Sun Life Fincl accumulated 0.2% or 109,019 shares. Farmers & Merchants Invs holds 0% or 328 shares. Norinchukin Bank & Trust The reported 36,653 shares stake. 14,880 are held by Wolverine Asset Ltd Liability. Brown Brothers Harriman, New York-based fund reported 1,880 shares. Orinda Asset Management Limited Liability Company accumulated 10,000 shares or 0.16% of the stock. United Kingdom-based Investec Asset Mngmt has invested 0.01% in Kimco Realty Corporation (NYSE:KIM). Cibc Markets reported 11,946 shares. 178,670 were reported by Thompson Mngmt. Tudor Et Al accumulated 55,302 shares. State Street invested 0.04% in Kimco Realty Corporation (NYSE:KIM). Royal Natl Bank Of Canada reported 0% stake.

More recent Kimco Realty Corporation (NYSE:KIM) news were published by: Seekingalpha.com which released: “Kimco Realty’s (KIM) CEO Conor Flynn on Q1 2018 Results – Earnings Call Transcript” on April 26, 2018. Also Finance.Yahoo.com published the news titled: “4 High Dividend Stocks in the S&P 500 to Buy for Income” on May 21, 2018. Seekingalpha.com‘s news article titled: “Boom! Strong Buy Kimco Bounces Back” with publication date: May 01, 2018 was also an interesting one.

Among 21 analysts covering Kimco Realty (NYSE:KIM), 5 have Buy rating, 2 Sell and 14 Hold. Therefore 24% are positive. Kimco Realty had 55 analyst reports since July 22, 2015 according to SRatingsIntel. Zacks downgraded Kimco Realty Corporation (NYSE:KIM) on Monday, August 24 to “Buy” rating. The stock of Kimco Realty Corporation (NYSE:KIM) has “Neutral” rating given on Friday, December 16 by JP Morgan. The rating was initiated by Boenning & Scattergood with “Neutral” on Tuesday, June 28. JP Morgan downgraded the shares of KIM in report on Friday, December 15 to “Neutral” rating. The firm earned “Sell” rating on Tuesday, November 29 by Goldman Sachs. The firm has “Underperform” rating given on Monday, March 5 by Evercore. Sandler O’Neill maintained Kimco Realty Corporation (NYSE:KIM) on Friday, February 2 with “Hold” rating. The firm has “Outperform” rating by Raymond James given on Monday, January 9. The firm has “Underweight” rating by Morgan Stanley given on Tuesday, March 27. The stock has “Hold” rating by SunTrust on Monday, January 22.

Security Capital Research & Management Inc, which manages about $3.91 billion and $3.21B US Long portfolio, decreased its stake in Macerich Co (NYSE:MAC) by 1.31M shares to 900,348 shares, valued at $59.14M in 2017Q4, according to the filing. It also reduced its holding in Sun Cmntys Inc (NYSE:SUI) by 7,940 shares in the quarter, leaving it with 183,235 shares, and cut its stake in Coresite Rlty Corp (NYSE:COR).

More news for Laboratory Corporation of America Holdings (NYSE:LH) were recently published by: Benzinga.com, which released: “Lab Stocks: Baird Favors Laboratory Corp., Says Quest Diagnostics Is The Simple Choice” on May 01, 2018. Seekingalpha.com‘s article titled: “Laboratory of America Holdings (LH) Q1 2018 Results – Earnings Call Transcript” and published on April 25, 2018 is yet another important article.

Among 20 analysts covering Laboratory Corp (NYSE:LH), 14 have Buy rating, 0 Sell and 6 Hold. Therefore 70% are positive. Laboratory Corp had 65 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was maintained by Robert W. Baird on Sunday, October 15 with “Hold”. The firm has “Sector Weight” rating given on Tuesday, June 27 by KeyBanc Capital Markets. The firm earned “Buy” rating on Tuesday, April 26 by Canaccord Genuity. The rating was maintained by Craig Hallum with “Buy” on Thursday, October 26. Canaccord Genuity maintained it with “Buy” rating and $16800 target in Tuesday, June 27 report. The firm has “Buy” rating given on Monday, August 17 by Zacks. The rating was maintained by Credit Suisse on Thursday, May 25 with “Buy”. Jefferies maintained Laboratory Corporation of America Holdings (NYSE:LH) rating on Tuesday, April 26. Jefferies has “Hold” rating and $131 target. Deutsche Bank maintained it with “Buy” rating and $172 target in Thursday, October 26 report. UBS maintained Laboratory Corporation of America Holdings (NYSE:LH) rating on Tuesday, April 26. UBS has “Neutral” rating and $125 target.

Analysts await Laboratory Corporation of America Holdings (NYSE:LH) to report earnings on July, 25. They expect $2.91 EPS, up 17.81% or $0.44 from last year’s $2.47 per share. LH’s profit will be $297.68M for 15.07 P/E if the $2.91 EPS becomes a reality. After $2.78 actual EPS reported by Laboratory Corporation of America Holdings for the previous quarter, Wall Street now forecasts 4.68% EPS growth.

Westwood Management Corp, which manages about $655.18M and $715.42 million US Long portfolio, upped its stake in Coherent Inc. (NASDAQ:COHR) by 1,600 shares to 235,800 shares, valued at $66.55M in 2017Q4, according to the filing. It also increased its holding in Microsoft Corp. (NASDAQ:MSFT) by 3,900 shares in the quarter, for a total of 509,600 shares, and has risen its stake in Silicom Ltd (NASDAQ:SILC).

Investors sentiment increased to 1.2 in Q4 2017. Its up 0.30, from 0.9 in 2017Q3. It is positive, as 36 investors sold LH shares while 209 reduced holdings. 73 funds opened positions while 220 raised stakes. 91.47 million shares or 0.35% less from 91.79 million shares in 2017Q3 were reported. Lenox Wealth Advsrs holds 0% or 16 shares. Cetera Advisor Netwr Ltd Com stated it has 1,320 shares or 0.01% of all its holdings. Lombard Odier Asset Mngmt (Switzerland), Switzerland-based fund reported 13,842 shares. State Of Wisconsin Inv Board accumulated 56,139 shares. Ngam Advsr Lp holds 23,063 shares. National Pension Serv invested in 107,904 shares or 0.09% of the stock. Smith Graham Comm Advsr Ltd Partnership invested 0.45% in Laboratory Corporation of America Holdings (NYSE:LH). 14,000 were reported by Art Advisors Limited Com. Montgomery Investment Management holds 9,410 shares or 0.61% of its portfolio. Moreover, Earnest Partners Ltd Liability Corporation has 0.23% invested in Laboratory Corporation of America Holdings (NYSE:LH) for 149,056 shares. Oakbrook Invs Limited Liability invested in 7,327 shares or 0.07% of the stock. Voloridge Inv Mngmt Limited Liability Corporation reported 11,372 shares. Catawba Capital Management Va has 23,968 shares. Ajo Limited Partnership holds 401,383 shares. Ibm Retirement Fund holds 0.04% of its portfolio in Laboratory Corporation of America Holdings (NYSE:LH) for 1,535 shares.

Kimco Realty Corporation (NYSE:KIM) Institutional Positions Chart

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