Andreas Halvorsen (Trades, Portfolio) of Viking Global Investors LP bought a stake in Laboratory Corp. of America Hldgs. (LH, Financial) on Oct. 1.
Halvorsen, who had more than half a million shares of Laboratory Corp. of America in his portfolio when he sold his stake in the company in 2010, reinvested in the Burlington, N.C.-based health care network operator by buying a 5,398,933-share stake for $110.18 per share. The acquisition had a 2.2% impact on Halvorsen’s portfolio.
Laboratory Corp. of America has a market cap of $11.28 billion and an enterprise value of $17.46 billion. It has a P/E of 24.2, a forward P/E of 13.0, a P/B of 2.3 and a P/S of 1.5. GuruFocus has given Laboratory Corp. of America a Financial Strength rating of 7/10 and a Profitability and Growth rating of 7/10.
Halvorsen is Laboratory Corp.’s leading shareholder among the gurus. Chris Davis (Trades, Portfolio), Larry Robbins (Trades, Portfolio), John Rogers (Trades, Portfolio), Wallace Weitz (Trades, Portfolio), Richard Pzena (Trades, Portfolio), Jim Simons (Trades, Portfolio), John Hussman (Trades, Portfolio), Joel Greenblatt (Trades, Portfolio), Scott Black (Trades, Portfolio), Jeremy Grantham (Trades, Portfolio), First Pacific Advisors (Trades, Portfolio), Ray Dalio (Trades, Portfolio), John Keeley (Trades, Portfolio), Louis Moore Bacon (Trades, Portfolio), Mark Hillman (Trades, Portfolio), Paul Tudor Jones (Trades, Portfolio), Mario Gabelli (Trades, Portfolio), David Dreman (Trades, Portfolio) and Jeff Auxier (Trades, Portfolio) also have shares of Laboratory Corp. in their portfolios.
Laboratory Corp. sold for $111.55 per share when trading concluded for the day Wednesday.
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