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Private equity firms have amassed sizable stakes in countless glamorous businesses, from casinos lining the Vegas strip to professional sports teams. But some of the most alluring investments come from everyday places.
PE industry stalwart Blackstone Group has just agreed to buy the family owned Chamberlain Group parent of top-of-the-line garage door opener purveyor, LiftMaster. The Wall Street Journal reported news of the deal Tuesday, which values the company at roughly $5 billion including debt.
While arguably not as hip as some of Blackstone’s digital investments like dating app suite Bumble or family history service Ancestry, Illinois-based Chamberlain’s garage door openers are relied on by millions of homes and businesses worldwide.
Owner of the LiftMaster, Chamberlain, Grifco, and Merlin brands, the firm’s myQ platform grants users garage door control via an app, useful for remote acceptance of food and grocery deliveries or to simply let the pet out for a stroll. And a partnership with Amazon launched in 2019 offers Prime customers in select cities packages delivered securely right into their garages. With a business model as reliable and adaptive as Chamberlain’s, Blackstone wants in for the long haul:
Top 5 Casino Stocks To Own Right Now: Aspen Insurance Holdings Limited(AHL)
Aspen Insurance Holdings Limited (Aspen Holdings), incorporated on May 23, 2002, is a holding company. The Company conducts insurance and reinsurance business through its subsidiaries: Aspen U.K. and AUL, Aspen Bermuda (Bermuda) and Aspen Specialty and AAIC (the United States). The Company operates in two segments: Aspen Insurance and Aspen Reinsurance (Aspen Re). The Company operates in the global markets for property and casualty insurance and reinsurance. The Company’s insurance segment consists of property and casualty insurance; marine, aviation and energy insurance, and financial and professional lines insurance. Aspen Re consists of property catastrophe reinsurance, other property reinsurance, casualty reinsurance and specialty reinsurance.
The Company’s Aspen Re consists of property catastrophe reinsurance, other property reinsurance (risk excess, pro rata and facultative), casualty reinsurance (the United States treaty, international treaty and global facultative) and specialty reinsurance (credit and surety, agriculture, marine, aviation, terrorism, engineering and other specialty lines). The Property catastrophe reinsurance is written on a treaty excess of loss basis where it provides protection to an insurer for an agreed portion of the total losses from a single event in excess of a specified loss amount. Its Other property reinsurance includes property, engineering and construction risks written on excess of loss and proportional treaties, facultative or single risk reinsurance. Its Proportional treaty reinsurance provides proportional coverage to the reinsured. Its Casualty reinsurance is written on an excess of loss, proportional and facultative basis and consists of the United States treaty, international treaty and casualty facultative reinsurance. The United States treaty business comprises exposures to workers’ compensation (including catastrophe), medical malpractice, general liability, auto liability, professional liability and excess liabili! ty including umbrella liability. Specialty reinsurance is written on an excess of loss and proportional basis and consists of credit and surety reinsurance, agriculture reinsurance and other specialty lines.
The Company’s insurance segment consists of property and casualty insurance, marine, aviation and energy insurance, and financial and professional lines insurance. The Company’s property and casualty insurance line consists of the United States and the United Kingdom commercial property and construction business, commercial liability, the United States specialty casualty, global excess casualty, environmental liability and programs business, written on a primary, excess, quota share, program and facultative basis. Its Property insurance provides physical damage and business interruption coverage for losses arising from weather, fire, theft and other causes. Its Commercial liability is primarily written in the United Kingdom and provides employers’ liability coverage and public liability coverage for insureds domiciled in the United Kingdom and Ireland. The United States specialty casualty account consists primarily of lines written within the primary, excess and umbrella liability insurance sectors.
The global excess casualty line comprises insureds worldwide and covers risks, including general liability, commercial and residential construction liability, life science, railroads, trucking, product and public liability and associated types of cover found in general liability policies in the global insurance market. It also includes a portfolio of the United Kingdom and other non-United States employers’ liability and public liability coverage written through a managing general agent. The United States environmental account primarily provides contractors’ pollution liability and pollution legal liability across industry segments that have environmental regulatory drivers and contractual requirements for coverage including real estate and public entities! , contrac! tors and engineers, energy contractors and environmental contractors and consultants. The business is written in both the primary and excess insurance markets. The Company’s programs business writes property and casualty insurance risks for a select group of the United States-based program managers. These programs are managed as a distinct and separate unit.
The Company’s marine, aviation and energy insurance line consists of marine and energy liability, onshore energy physical damage, offshore energy physical damage, marine hull, specie, inland marine and ocean risks and aviation, written on a primary, excess, quota share, program and facultative basis. The marine and energy liability business -based in the United Kingdom includes marine liability cover mainly related to the liabilities of ship-owners and port operators, including reinsurance of Protection and Indemnity Clubs (P&I Clubs). The Company also offers services in onshore energy physical damage, offshore energy physical damage, marine hull, specie, inland marine and ocean risks, aviation, financial and professional lines insurance, financial and corporate risks, professional liability, management liability, credit and political risks, accident and specialty risks, accident and health, and surety risks.
The Company competes with Arch Capital Group Ltd., Axis Capital Holdings Limited, Endurance Specialty Holdings Ltd., Everest Re Group Limited, Lancashire Holdings Limited, PartnerRe Ltd., Renaissance Re Holdings Ltd., Validus Holdings Ltd. and XL Group plc.
- [By Ethan Ryder]
Get a free copy of the Zacks research report on Aspen Insurance (AHL)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Joseph Griffin]
Get a free copy of the Zacks research report on Aspen Insurance (AHL)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Ethan Ryder]
ValuEngine upgraded shares of Aspen Insurance (NYSE:AHL) from a sell rating to a hold rating in a research report released on Thursday morning.
Separately, Zacks Investment Research cut shares of Aspen Insurance from a hold rating to a strong sell rating in a research report on Thursday, April 19th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $43.50.
Top 5 Casino Stocks To Own Right Now: Charter Communications, Inc.(CHTR)
Charter Communications, Inc. (Charter), incorporated on July 22, 1999, is a provider of cable services in the United States, offering a range of entertainment, information and communications solutions to residential and commercial customers. The Company operates through broadband services segment. The Company’s services include Video Services, Internet Services, Voice Services, Commercial Services and Advertising Services. The Company’s infrastructure consists of a hybrid of fiber and coaxial cable plant with approximately 12.8 million estimated passings, with over 98% at approximately 550 megahertz (MHz), over 99% of plant miles two-way active and approximately 100% of plant all-digital. The Company sells its video, Internet and voice services primarily on a subscription basis, often in a bundle of two or more services. It offers Charter Spectrum brand in its all-digital markets. Digital video enables its customers to access advanced video services, such as high definition (HD) television, video on demand programming, an interactive program guide and digital video recorder (DVR) service. Through Spectrum Business, it provides tailored broadband communications solutions to business and carrier organizations, such as video entertainment services, Internet access, business telephone services, data networking and fiber connectivity to cellular towers and office buildings. Its advertising sales division, Spectrum Reach, provides local, regional and national businesses with a focus on advertising in individual markets on cable television networks. Through its hybrid fiber and coaxial cable network, the Company offers its customers traditional cable video services, as well as advanced video services (such as video on demand, HD television, and DVR service), Internet services and voice services. The Company’s voice services are provided using voice over Internet protocol (VoIP) technology, to transmit digital voice signals over the Company’s systems.
The Company’s network includes approximately ! three components, including the national backbone, regional/metro networks and the last-mile network. Both its national backbone and regional/metro network components utilize or plan to utilize a redundant Internet Protocol (IP) ring/mesh architecture. The national backbone provides connectivity from the regional demarcation points to nationally centralized content, connectivity and services. The regional/metro network components provide connectivity between the regional demarcation points and headends within a specific geographic area and enable the delivery of content and services between these network components. Its last-mile network utilizes a hybrid fiber coaxial cable (HFC) architecture, which combines the use of fiber optic cable with coaxial cable.
The Company’s video service offerings include Video; Video On Demand, Subscription On Demand and Pay-Per-View; High Definition Television; Digital Video Recorder; Spectrum TV Application on Mobile Devices; Spectrum TV Application on Immobile Devices, and Spectrum Guide. The Company’s customers receive a package of basic programming, which consists of local broadcast television, local community programming, including governmental and public access, and limited satellite-delivered or non-broadcast channels, such as weather, shopping and religious programming along with a digital set-top box that provides an interactive electronic programming guide with parental controls, access to pay-per-view channels, including video-on- demand (available nearly everywhere), digital quality music channels and the option to also receive a cable card. Customers have the option to purchase additional tiers of services, including premium channels, which provide programming, commercial-free movies, sports and other special event entertainment programming. In most areas, the Company offers video-on- demand service, which allows customers to select from approximately 10,000 or more titles at any time. Video-on-demand includes standar! d definit! ion, HD and three-dimensional (3D) content. Video-on- demand programming options may be accessed if the content is associated with the customer’s linear subscription, or for a fee on a transactional basis. Video-on-demand services may also be offered on a subscription basis included in a digital tier premium channel subscription or for a monthly fee. Pay-per-view channels allow customers to pay on a per-event basis to view a single showing of a recently released movie, a one-time special sporting event, music concert, or similar event on a commercial-free basis. HD Television offers the Company’s digital customers video programming at a higher resolution to manage picture and audio quality versus standard basic or digital video images. The Company offers over 200 HD channels.
The Company’s Digital Video Recorder service enables customers to digitally record programming and to pause and rewind live programming. Charter customers may lease multiple DVR set-top boxes to maximize recording capacity on multiple televisions in the home. Its customers also have the ability to program their DVRs remotely via the Spectrum TV Application or on the Company’s Website. The Spectrum TV Application enables Charter video customers to search and discover content on various customer owned devices, including the iPhone, iPad, and iPod Touch, as well as the Android-based tablets. The Spectrum TV Application allows customers to watch over 150 channels of cable television and use the device as a remote to control their digital set-top box while in their home. It also allows customers the ability to browse Charter’s program guide, search for programming, and schedule DVR recordings from inside and outside the home. Charter offers the Spectrum TV Application on Roku devices. This application enables all Charter video customers with a Roku device to watch live linear programming via the Spectrum TV Application. It offers Spectrum Guide, a network or cloud-based user interface with a similar look and feel of the Spe! ctrum TV ! Application.
The Company’s residential Internet services offer its residential customers multiple tiers of Internet services with download speeds of approximately 100 Megabits per second (Mbps), and approximately 120 Mbps in certain markets. The Company’s Internet services also include an Internet portal, Charter.net, which provides multiple e-mail addresses. Charter Security Suite is included with Charter Internet services and protects computers from viruses and spyware, and provides parental control features. Charter offers an in-home wireless fidelity (WiFi) product permitting customers to lease a wireless router to manage their wireless Internet experience. Charter offers an out-of-home WiFi service (Spectrum WiFi) in over four market areas permitting Internet customers to access the Internet at designated hot spots within a particular market.
The Company provides voice communications services primarily using VoIP technology to transmit digital voice signals over its network. The Company’s voice services include unlimited local and long distance calling to the United States, Canada and Puerto Rico, voicemail, call waiting, caller identity (ID), call forwarding and other features and offers international calling either by the minute or through packages of minutes per month. For Charter Voice and video customers, caller ID on television is also available in most areas.
Commercial services offered through Spectrum Business include broadband communications solutions for businesses and carrier organizations of all sizes, such as Internet access, data networking, fiber connectivity to cellular towers and office buildings, video entertainment services and business telephone services. Charter offers basic coax service primarily to small businesses (1-19 employees) and medium (20-199 employees) businesses similar to its residential offerings. Spectrum Business includes a full ran! ge of vid! eo programming tiers and music services, and coax Internet speeds of approximately 100 Mbps downstream, over 200 Mbps in certain markets, and approximately seven Mbps upstream in its DOCSIS 3.0 markets. Spectrum Business also includes a set of business cloud services, including Web hosting, e-mail and security, and multi-line telephone services with over 30 business features, including Web-based service management. Charter offers fiber or complex services to medium and large (200+ employees) businesses, including fiber Internet with symmetrical speeds of approximately 10 Gbps and voice trunking services, such as Primary Rate Interface (PRI) and Session Initiation Protocol (SIP) Trunks, which provide higher-capacity voice services. Charter also offers Metro Ethernet service that connects two or more locations for commercial customers with geographically dispersed locations with services of approximately 10 Gbps. Metro Ethernet service can also extend the reach of the customer’s local area network (LAN) within and between metropolitan areas. In addition, Charter offers large businesses with multiple sites specialized solutions, such as custom fiber networks and Metro and long haul Ethernet. Charter also offers last-mile data connectivity services to wireless and wireline carriers, Internet Service Providers (ISPs) and other carriers on a wholesale basis.
The Company’s advertising sales division, Spectrum Reach, allows local, regional and national business to advertise in individual markets on cable television networks. In any particular market, it inserts local advertising on over 50 channels. In most cases, the available advertising time is sold by its sales force, however in some markets, it enters into representation agreements with contiguous cable system operators, under which another operator in the area will sell advertising on its behalf for a percentage of the revenue. In some markets, it sells advertising on behalf of other operators. Charter deploy! s Enhance! d TV Binary Interchange Format (EBIF) technology to set-top boxes in most service areas within the Charter footprint. EBIF is a technology foundation that will allow Charter to deliver television applications for advertising. From time to time, certain of its vendors, including programmers and equipment vendors, purchase advertising from Charter.
The Company competes with AT&T Inc., Verizon Communications, Inc., Google Fiber, Hulu, Netflix, Amazon, Apple, HBO, Showtime, CBS, Sony, T-Mobile and DISH Network.
- [By Billy Duberstein]
NowCharter Communications (NASDAQ:CHTR)has thrown itself into the mix. What’s interesting about Charter’s entry is that Charter doesn’t actually own any content itself, but is rather merely a very large broadband, cable, and mobile distributor through its Spectrum brand. Nevertheless, Charter just unveiled an over-the-top package called Spectrum TV Essentials due out later this month.
- [By Billy Duberstein]
The company’s most interesting innovations, in my mind, are the mobile offering and the new streaming service. Comcast’s XFinity mobile service teams up with cable peerCharter Communications (NASDAQ:CHTR)and utilizesVerizon’s (NYSE: VZ) network. On the recent call with analysts, management said Comcast reached 1.2 million mobile subscribers by year-end, and that it was “very pleased” with the results, noting the “best broadband retention on record.”The mobile offering is a huge deal for Comcast — though it’s currently a loss-leader, the mobile offering is helping retain highly profitable broadband and cable video subscribers due to the bundling benefits.
- [By Joe Tenebruso]
Shares ofCharter Communications (NASDAQ:CHTR)jumped 16.2% last month, according to data fromS&P Global Market Intelligence, following the company’s strong fourth-quarter financial results.
- [By Billy Duberstein]
At first glance Charter Communications (NASDAQ:CHTR)seems like it would be a boring stock. As the second-largest cable company in the country, Charter sells basic internet, video, and phone services to millions of Americans. Unlike rival Comcast (NASDAQ:CMCSA), the company doesn’t own a lot of proprietary content assets or theme parks.
Top 5 Casino Stocks To Own Right Now: Laboratory Corporation of America Holdings(LH)
Laboratory Corporation of America Holdings operates as an independent clinical laboratory company in the United States. The company offers a range of testing services used by the medical profession in routine testing, patient diagnosis, and in the monitoring and treatment of disease, as well as specialty testing services. Its routine tests include blood chemistry analyses, urinalyses, blood cell counts, thyroid tests, Pap tests, HIV tests, microbiology cultures and procedures, and alcohol and other substance-abuse tests. The company?s specialty tests and related services comprise viral load measurements, genotyping and phenotyping, and host genetic factors for managing and treating HIV infections; cytogenetic, molecular cytogenetic, biochemical, and molecular genetic tests for diagnostic genetics; oncology tests for diagnosing and monitoring certain cancers and treatments; clinical trials testing for pharmaceutical companies, which conducts clinical research trials on diag nostic assays; forensic identity testing used in criminal proceedings and parentage evaluation services, as well as testing services in reconstruction cases; allergy testing; and occupational testing for the detection of drug and alcohol abuse. Its customers include independent physicians and physician groups, hospitals, managed care organizations, governmental agencies, employers, pharmaceutical companies, and other independent clinical laboratories. The company operates a network of 51 primary laboratories and approximately 1,700 patient service centers. In addition, it delivers a co-branded electronic health records Lite solution for physician practices. The company works with university, hospital, and academic institutions, such as Duke University, The Johns Hopkins University, the University of Minnesota, and Yale University to license and commercialize new diagnostic tests. Laboratory Corporation of America Holdings was founded in 1971 and is headquartered in Burlingto n, North Carolina.
- [By Stephan Byrd]
A number of brokerages recently weighed in on LH. Zacks Investment Research lowered Laboratory Corp. of America from a “hold” rating to a “sell” rating in a research report on Tuesday, January 8th. ValuEngine upgraded Laboratory Corp. of America from a “sell” rating to a “hold” rating in a research report on Monday. Barclays reduced their price objective on Laboratory Corp. of America from $205.00 to $165.00 and set an “overweight” rating on the stock in a research report on Monday, December 3rd. Credit Suisse Group boosted their price objective on Laboratory Corp. of America from $160.00 to $164.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 27th. Finally, Canaccord Genuity restated a “hold” rating and set a $155.00 price objective (down previously from $162.00) on shares of Laboratory Corp. of America in a research report on Sunday, December 2nd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $176.07.
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Laboratory Corp. of America Company Profile
- [By Motley Fool Transcribers]
Laboratory Corp Of America Holdings (NYSE:LH)Q42018 Earnings Conference CallFeb. 07, 2019, 9:00 a.m. ET
Prepared Remarks Questions and Answers Call Participants
- [By Ethan Ryder]
Laboratory Corp. of America Holdings (NYSE:LH) has been assigned a consensus rating of “Buy” from the eighteen ratings firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $196.64.
- [By Garrett Baldwin]
If you’re looking to get your share of a booming, global growth story, look no further than Laboratory Corp. of America Holdings (NYSE: LH).
The Burlington, North Carolina-based company operates the largest network of clinical laboratories in the world. Its U.S. network has 36 labs and processes 2.5 million lab tests every week.
Top 5 Casino Stocks To Own Right Now: FEI Company(FEIC)
FEI Company supplies scientific instruments for nanoscale imaging, analysis, and prototyping that enable research, development, and manufacturing in industrial, academic, and research institutional applications. Its products include transmission electron microscopes and scanning electron microscopes (SEMs); DualBeam systems, which include a SEM and focused ion beam system (FIB) on a single platform; and stand-alone FIBs. The company?s Electronics segment offers products used in laboratories to enhance new product development and increase yields by enabling 3D wafer metrology, defect analysis, root cause failure analysis, and circuit edit for modifying device structures in the semiconductor equipment and related industries, such as manufacturers of data storage equipment, solar panels, and light-emitting diodes. FEI Company?s Materials Science segment provides atomic-level resolution images and permit development, analysis, and production of products that are used in mini ng for automated mineralogy, and oil and gas exploration to universities, and public and private research laboratories, as well as natural resources, petrochemicals, metals, automobiles, aerospace, and forensics industries. The company?s Life Sciences segment offers ultra-high resolution imaging products that allow structural and cellular biologists and drug researchers to create 3D reconstructions of biological structures, as well as used in particle analysis, and a range of pathology and quality control applications. FEI Company?s Service and Components segment provides technical support products and customers. The company sells its products through independent agents, distributors, and representatives in the United States, Canada, Europe, the Asia-Pacific region, and internationally. FEI Company was founded in 1971 and is headquartered in Hillsboro, Oregon.
- [By Joseph Griffin]
Media headlines about FEI (NASDAQ:FEIC) have trended somewhat positive on Monday, according to Accern. Accern ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. FEI earned a news impact score of 0.17 on Accern’s scale. Accern also gave media stories about the scientific and technical instruments company an impact score of 43.5801711111494 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Top 5 Casino Stocks To Own Right Now: FMC Corporation(FMC)
FMC Corporation, a diversified chemical company, provides solutions, applications, and products for the agricultural, consumer, and industrial markets worldwide. The company operates through three segments: FMC Agricultural Solutions, FMC Health and Nutrition, and FMC Lithium. The FMC Agricultural Solutions segment develops, manufactures, and sells crop protection chemicals comprising insecticides, herbicides, and fungicides that are used in agriculture to enhance crop yield and by controlling a broad spectrum of insects, weeds, and diseases, as well as in non-agricultural markets for pest control. The FMC Health and Nutrition segment offers microcrystalline cellulose for use in drug dry tablet binder and disintegrant, and food ingredients; carrageenan for use in food ingredient for thickening and stabilizing, pharmaceutical, and nutraceutical encapsulates; alginates for food ingredient, pharmaceutical excipient, healthcare, and industrial uses; natural colorants for use in food, pharmaceutical, and cosmetics; and omega-3 EPA/DHA for nutraceutical and pharmaceutical uses. The FMC Lithium segment offers lithium for use in batteries, polymers, pharmaceuticals, greases and lubricants, glass and ceramics, and other industrial uses. FMC Corporation was founded in 1884 and is headquartered in Philadelphia, Pennsylvania.
- [By Maxx Chatsko]
Shares of FMC Corporation (NYSE:FMC) gained over 12% last month, according to data provided by S&P Global Market Intelligence. The stock rose after the company reported solid fourth-quarter and full-year 2018 operating results driven by the agricultural solutions segment, which benefited from a massive acquisition in 2017 that became fully integrated last year. While year-over-year growth in the year ahead will look relatively pedestrian by comparison, the larger overall business will create more opportunities for long-term investors.
- [By Max Byerly]
Daiwa Securities Group Inc. increased its position in FMC Corp (NYSE:FMC) by 4.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,056 shares of the basic materials company’s stock after buying an additional 200 shares during the period. Daiwa Securities Group Inc.’s holdings in FMC were worth $374,000 as of its most recent SEC filing.
- [By Maxx Chatsko]
On the one hand, investors knew growth would slow for FMC Corporation (NYSE:FMC) in 2019. After all, last year the business enjoyed contributions from $1.2 billion in newly integrated assets acquired from Dupont (nowDowDuPont). Since they didn’t contribute in 2017, the year-over-year comparisons to 2018 appeared astronomically high for the typically moderate-growth business.