Coatue Management Has Cut Its Office Depot (ODP) Stake by $470,766; Stock Value Declined; Fisher Asset Management Decreased Its Laboratory Amer Hldgs (LH) Position as Market Value Rose

Office Depot, Inc. (NASDAQ:ODP) Logo

Coatue Management Llc decreased its stake in Office Depot Inc (ODP) by 90.92% based on its latest 2019Q1 regulatory filing with the SEC. Coatue Management Llc sold 156,922 shares as the company’s stock declined 36.20% while stock markets rallied. The hedge fund held 15,679 shares of the consumer services company at the end of 2019Q1, valued at $57,000, down from 172,601 at the end of the previous reported quarter. Coatue Management Llc who had been investing in Office Depot Inc for a number of months, seems to be less bullish one the $1.03B market cap company. The stock decreased 4.57% or $0.09 during the last trading session, reaching $1.88. About 5.46M shares traded. Office Depot, Inc. (NASDAQ:ODP) has declined 11.52% since June 13, 2018 and is downtrending. It has underperformed by 15.95% the S&P500. Some Historical ODP News: 16/05/2018 – OFFICE DEPOT PROVIDES UPDATE ON STRATEGIC TRANSFORMATION TO BECOME AN OMNI-CHANNEL BUSINESS SERVICES PLATFORM; 16/05/2018 – OFFICE DEPOT INC ODP.O FY2018 SHR VIEW $0.31, REV VIEW $10.88 BLN — THOMSON REUTERS l/B/E/S; 04/05/2018 – OFFICE DEPOT INC – SHAREHOLDERS VOTED TO ELECT ALL EIGHT MEMBERS TO SERVE AS DIRECTORS – SEC FILING; 16/05/2018 – Office Depot Backs 2018 Sales $10.8B; 16/05/2018 – Office Depot Wants Investors to Not See It as Just a Retailer; 21/04/2018 – DJ Office Depot Inc, Inst Holders, 1Q 2018 (ODP); 09/05/2018 – OFFICE DEPOT INC – SEES 2018 SALES ABOUT $10.8 BLN; 19/03/2018 – Office Depot, Inc. Appoints Scott Kriss Senior Vice President and Chief Accounting Officer; 09/05/2018 – OFFICE DEPOT INC – INCREASES FULL-YEAR OUTLOOK FOR 2018; 09/04/2018 – CompuCom Unveils New Digital Campus Headquarters

Fisher Asset Management Llc decreased its stake in Laboratory Corp Amer Hldgs (LH) by 5.68% based on its latest 2019Q1 regulatory filing with the SEC. Fisher Asset Management Llc sold 3,231 shares as the company’s stock rose 12.34% with the market. The hedge fund held 53,634 shares of the medical specialities company at the end of 2019Q1, valued at $8.21M, down from 56,865 at the end of the previous reported quarter. Fisher Asset Management Llc who had been investing in Laboratory Corp Amer Hldgs for a number of months, seems to be less bullish one the $16.40 billion market cap company. The stock decreased 0.08% or $0.14 during the last trading session, reaching $166.47. About 671,408 shares traded. Laboratory Corporation of America Holdings (NYSE:LH) has declined 6.65% since June 13, 2018 and is downtrending. It has underperformed by 11.08% the S&P500. Some Historical LH News: 24/04/2018 – LABCORP SAYS CO, MOUNT SINAI ENTERED INTO CONTRACT THAT WILL “ENHANCE” LAB OPERATIONS AT EACH OF MOUNT SINAI’S 7 ACUTE CARE HOSPITALS – SEC FILING; 25/04/2018 – LABORATORY CORP OF AMERICA BOOSTS VIEW FOR YEAR SALES GROWTH; 05/04/2018 – Airware Labs Announces Name Change to Item 9 Labs Corp. and Files for Ticker Symbol Change with FINRA; 24/05/2018 – UnitedHealth: LabCorp to Continue as UnitedHealth’s Exclusive National Laboratory Provider Until Jan. 1, 2019; 20/03/2018 – Interpace Diagnostics Announces Expansion of LabCorp National Agreement; 22/03/2018 – LABCORP – CO, APPALACHIAN REGIONAL HEALTHCARE ENTERED MULTI-YEAR, COMPREHENSIVE LABORATORY PARTNERSHIP; 25/04/2018 – LABCORP – EFFECTIVE JANUARY 1, 2018, COMPANY ADOPTED FASB-ISSUED CONVERGED STANDARD ON REVENUE RECOGNITION (ASC 606); 09/03/2018 – Covance Forms lmmunology & lmmunotoxicology Unit Focused on Biologic Drug Development; 25/04/2018 – LABCORP – BACKLOG AT END OF QUARTER WAS $9.17 BLN FOR COVANCE DRUG DEVELOPMENT; 26/04/2018 – Airware Labs Announces Name Change to ltem 9 Labs Corp. and New Ticker Symbol “INLB”

Fisher Asset Management Llc, which manages about $85.30B US Long portfolio, upped its stake in Microsoft Corp (NASDAQ:MSFT) by 602,103 shares to 20.04M shares, valued at $2.36B in 2019Q1, according to the filing. It also increased its holding in Adobe Inc (NASDAQ:ADBE) by 1.24M shares in the quarter, for a total of 2.87M shares, and has risen its stake in Select Sector Spdr Tr Healthca (XLV).

Analysts await Laboratory Corporation of America Holdings (NYSE:LH) to report earnings on July, 24. They expect $2.89 EPS, down 3.02% or $0.09 from last year’s $2.98 per share. LH’s profit will be $284.66M for 14.40 P/E if the $2.89 EPS becomes a reality. After $2.62 actual EPS reported by Laboratory Corporation of America Holdings for the previous quarter, Wall Street now forecasts 10.31% EPS growth.

More notable recent Laboratory Corporation of America Holdings (NYSE:LH) news were published by: Fool.com which released: “Here’s Why LabCorp Is Tanking Today – Motley Fool” on November 30, 2018, also Streetinsider.com with their article: “Lab Corp. (LH) Announces David King to Become Executive Chairman; Adam Schechter to become president and CEO – StreetInsider.com” published on June 05, 2019, Seekingalpha.com published: “Laboratory Corporation of America beats by $0.03, revenue in-line – Seeking Alpha” on February 07, 2019. More interesting news about Laboratory Corporation of America Holdings (NYSE:LH) were released by: Seekingalpha.com and their article: “Laboratory Corporation of America beats by $0.08, misses on revenue – Seeking Alpha” published on April 30, 2019 as well as Benzinga.com‘s news article titled: “RayJay: Walgreens Could Acquire Drug Distributor AmerisourceBergen – Benzinga” with publication date: May 14, 2019.

Investors sentiment increased to 1.06 in Q1 2019. Its up 0.25, from 0.81 in 2018Q4. It is positive, as 58 investors sold LH shares while 204 reduced holdings. 73 funds opened positions while 204 raised stakes. 87.65 million shares or 0.73% less from 88.30 million shares in 2018Q4 were reported. Millennium Limited Liability Company invested in 0.19% or 844,467 shares. Cypress Cap Grp Inc reported 3,759 shares. Archford Strategies invested 0% in Laboratory Corporation of America Holdings (NYSE:LH). Cohen & Steers has invested 0.01% in Laboratory Corporation of America Holdings (NYSE:LH). Royal London Asset Mgmt invested in 0% or 39,546 shares. State Street reported 4.42 million shares. Fiduciary Financial Of The Southwest Tx reported 1,895 shares. Commonwealth Of Pennsylvania Pub School Empls Retrmt System reported 0.02% stake. Highland Capital Management LP has 3,000 shares. Raymond James Fincl Advsr invested 0.01% of its portfolio in Laboratory Corporation of America Holdings (NYSE:LH). Moreover, Oppenheimer Asset Mgmt has 0.01% invested in Laboratory Corporation of America Holdings (NYSE:LH). Sg Americas Securities Ltd Liability, a New York-based fund reported 2,594 shares. Creative Planning has 0% invested in Laboratory Corporation of America Holdings (NYSE:LH). Phocas Fin owns 1,835 shares or 0.03% of their US portfolio. Weybosset Mgmt Ltd Liability Company accumulated 38,956 shares.

Since February 12, 2019, it had 0 insider buys, and 2 selling transactions for $692,993 activity. 1,038 shares were sold by Williams R Sanders, worth $152,586.

Investors sentiment decreased to 1.43 in Q1 2019. Its down 0.13, from 1.56 in 2018Q4. It worsened, as 13 investors sold ODP shares while 71 reduced holdings. 36 funds opened positions while 84 raised stakes. 481.25 million shares or 1.70% more from 473.21 million shares in 2018Q4 were reported. Guggenheim Ltd Co holds 0% or 87,694 shares in its portfolio. Nomura Asset Management Company Limited stated it has 0% of its portfolio in Office Depot, Inc. (NASDAQ:ODP). Bnp Paribas Asset Mgmt Holding Sa reported 0% in Office Depot, Inc. (NASDAQ:ODP). Cipher Cap Limited Partnership invested in 110,716 shares or 0.03% of the stock. Arrowstreet Cap LP reported 4.70M shares. Of Vermont reported 0% stake. Hillsdale Investment Mngmt accumulated 202,100 shares. Investors Asset Mgmt Of Georgia Ga Adv stated it has 0.64% in Office Depot, Inc. (NASDAQ:ODP). Morgan Stanley invested in 2.01M shares or 0% of the stock. First Trust Advsrs Lp owns 0% invested in Office Depot, Inc. (NASDAQ:ODP) for 689,906 shares. Highstreet Asset Mngmt has 0% invested in Office Depot, Inc. (NASDAQ:ODP) for 802 shares. The Pennsylvania-based Vanguard Group Inc Inc Inc has invested 0.01% in Office Depot, Inc. (NASDAQ:ODP). Tiaa Cref Mgmt Lc owns 1.15M shares or 0% of their US portfolio. Grantham Mayo Van Otterloo Com Ltd Co reported 0.07% of its portfolio in Office Depot, Inc. (NASDAQ:ODP). Bluemountain Management Limited reported 0% stake.

More notable recent Office Depot, Inc. (NASDAQ:ODP) news were published by: Nasdaq.com which released: “Earnings Preview: Office Depot (ODP) Q1 Earnings Expected to Decline – Nasdaq” on May 01, 2019, also Finance.Yahoo.com with their article: “Here’s What Hedge Funds Think About Office Depot Inc (ODP) – Yahoo Finance” published on May 02, 2019, Fool.com published: “Why Alibaba and Office Depot Are Forging an Alliance – The Motley Fool” on March 06, 2019. More interesting news about Office Depot, Inc. (NASDAQ:ODP) were released by: Fool.com and their article: “Why Office Depot Inc. Stock Popped Tuesday – Motley Fool” published on August 07, 2018 as well as Nasdaq.com‘s news article titled: “3 Reasons Why You Should Invest in Office Depot (ODP) Stock – Nasdaq” with publication date: January 23, 2019.

Analysts await Office Depot, Inc. (NASDAQ:ODP) to report earnings on August, 6. They expect $0.05 earnings per share, 0.00% or $0.00 from last year’s $0.05 per share. ODP’s profit will be $27.31 million for 9.40 P/E if the $0.05 EPS becomes a reality. After $0.07 actual earnings per share reported by Office Depot, Inc. for the previous quarter, Wall Street now forecasts -28.57% negative EPS growth.

Coatue Management Llc, which manages about $14.38B and $9.03B US Long portfolio, upped its stake in Visa Inc (NYSE:V) by 1.46 million shares to 2.45 million shares, valued at $382.14 million in 2019Q1, according to the filing. It also increased its holding in Servicenow Inc (NYSE:NOW) by 588,253 shares in the quarter, for a total of 2.72M shares, and has risen its stake in Fossil Group Inc (NASDAQ:FOSL).

Laboratory Corporation of America Holdings (NYSE:LH) Institutional Positions Chart

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