WellCare Health Plans, Inc. (WCG) Holdings Increased by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in WellCare Health Plans, Inc. (NYSE:WCG) by 0.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,493 shares of the company’s stock after acquiring an additional 22 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in WellCare Health Plans were worth $1,166,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. OppenheimerFunds Inc. lifted its stake in WellCare Health Plans by 13.4% in the first quarter. OppenheimerFunds Inc. now owns 392,226 shares of the company’s stock valued at $54,994,000 after acquiring an additional 46,415 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of WellCare Health Plans by 29.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 67,549 shares of the company’s stock worth $9,473,000 after buying an additional 15,299 shares during the last quarter. Swiss National Bank lifted its stake in shares of WellCare Health Plans by 0.5% during the 1st quarter. Swiss National Bank now owns 73,200 shares of the company’s stock worth $10,263,000 after buying an additional 400 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of WellCare Health Plans by 9.1% during the 2nd quarter. Legal & General Group Plc now owns 58,653 shares of the company’s stock worth $10,528,000 after buying an additional 4,893 shares during the last quarter. Finally, Globeflex Capital L P lifted its stake in shares of WellCare Health Plans by 36.6% during the 1st quarter. Globeflex Capital L P now owns 6,431 shares of the company’s stock worth $902,000 after buying an additional 1,723 shares during the last quarter. Hedge funds and other institutional investors own 97.81% of the company’s stock.

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A number of analysts have recently issued reports on the stock. ValuEngine upgraded shares of WellCare Health Plans from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Cantor Fitzgerald restated a “buy” rating and set a $195.00 target price on shares of WellCare Health Plans in a research note on Saturday, August 26th. Zacks Investment Research upgraded shares of WellCare Health Plans from a “hold” rating to a “buy” rating and set a $193.00 target price for the company in a research note on Friday, August 11th. Morgan Stanley raised their target price on shares of WellCare Health Plans from $183.00 to $184.00 and gave the stock an “equal weight” rating in a research note on Monday, August 7th. Finally, BidaskClub cut shares of WellCare Health Plans from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Nine research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $173.92.

In other WellCare Health Plans news, EVP Kelly A. Munson sold 3,000 shares of the company’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $173.71, for a total transaction of $521,130.00. Following the sale, the executive vice president now directly owns 4,243 shares of the company’s stock, valued at $737,051.53. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Glenn Md Phd Steele, Jr. sold 8,374 shares of the company’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $171.97, for a total transaction of $1,440,076.78. Following the sale, the director now directly owns 5,722 shares in the company, valued at $984,012.34. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 18,688 shares of company stock worth $3,241,449. Insiders own 0.50% of the company’s stock.

Shares of WellCare Health Plans, Inc. (WCG) opened at 172.20 on Monday. The firm has a 50-day moving average of $174.75 and a 200 day moving average of $164.37. WellCare Health Plans, Inc. has a 52 week low of $109.74 and a 52 week high of $184.88. The firm has a market cap of $7.66 billion, a PE ratio of 30.25 and a beta of 0.88.

WellCare Health Plans (NYSE:WCG) last posted its quarterly earnings results on Friday, August 4th. The company reported $2.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.23 by $0.29. The company had revenue of $4.31 billion during the quarter, compared to analyst estimates of $4.23 billion. WellCare Health Plans had a net margin of 1.66% and a return on equity of 14.91%. The firm’s revenue for the quarter was up 19.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.23 earnings per share. Equities research analysts predict that WellCare Health Plans, Inc. will post $6.99 EPS for the current fiscal year.

About WellCare Health Plans

WellCare Health Plans, Inc is a managed care company. The Company focuses on government-sponsored managed care services, primarily through Medicaid, Medicare Advantage (MA) and Medicare Prescription Drug Plans (PDPs), to families, children, seniors and individuals with medical needs. The Company operates through three segments: Medicaid Health Plans, Medicare Health Plans and Medicare PDPs.

Institutional Ownership by Quarter for WellCare Health Plans (NYSE:WCG)

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