On July 9, 2012, President & CEO of Laboratory Corp. of
America Holdings (
LH
) David P King sold 84,800 shares of LH at an average price of
$92.11. The total transaction amount is $7,810,928.
Laboratory Corporation of America Holdings is one of the largest
independent clinical laboratory company's in the United States.
It has a market cap of $8.9 billion; its shares were traded at
around $93.11 with a P/E ratio of 14 and P/S ratio of 1.6.
Laboratory Corp. Of America Holdings had an annual average
earnings growth of 14.8% over the past 10 years.
Since May 6, 2009, David P. King served as Chairman of
the Board, President and Chief Executive Officer of the Company.
Before that, he served as director, Executive Vice President,
COO, and Executive Vice President of Strategic Planning and
Corporate Development. He was hired into Laboratory Corp of
America Holdings in September 2001 as Senior Vice President,
General Counsel and Chief Compliance Officer. Before joining the
Company, Mr. King was a partner with Hogan & Hartson LLP from
1992 to 2001.
On January 25, David P King sold 20,000 shares of LH stock at the
average price of 92. In March, CFO, EVP William B Hayes sold
93,061 shares of LH stock. Other Directors and Officers have also
sold shares of LH stock.
GuruFocus Gurus
Joel Greenblatt
,
Ray Dalio
, and
Glenn Greenberg
have all increased their positions in LH, whereas GuruFocus Gurus
John Hussman
, Ronald Muhlenkamp, and Mark Hillman have all reduced their
position in the Company. Edward Owens and Wallace Weitz have both
left their position unchanged or slightly adjusted.
On April 19, Laboratory Corporation announced their 2012 first
quarter financial results. The Company reported net earnings for
this quarter was $161.6 million and revenues were $1.4
billion.About GuruFocus: GuruFocus.com tracks the stocks picks
and portfolio holdings of the world's best investors. This value
investing site offers stock screeners and valuation tools. And
publishes daily articles tracking the latest moves of the world's
best investors. GuruFocus also provides promising stock ideas in
3 monthly newsletters sent to
Premium Members
.