Centene Corp (CNC) Shares Bought by AMP Capital Investors Ltd

AMP Capital Investors Ltd grew its position in shares of Centene Corp (NYSE:CNC) by 29.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 178,685 shares of the company’s stock after purchasing an additional 40,396 shares during the period. AMP Capital Investors Ltd’s holdings in Centene were worth $18,024,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Focused Wealth Management Inc grew its holdings in shares of Centene by 900.0% during the 4th quarter. Focused Wealth Management Inc now owns 1,000 shares of the company’s stock worth $101,000 after acquiring an additional 900 shares during the period. Financial Gravity Companies Inc. purchased a new position in shares of Centene during the 4th quarter worth approximately $112,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Centene during the 4th quarter worth approximately $131,000. Tower Research Capital LLC TRC purchased a new position in shares of Centene during the 4th quarter worth approximately $145,000. Finally, Advisors Preferred LLC purchased a new position in shares of Centene during the 4th quarter worth approximately $159,000. Hedge funds and other institutional investors own 90.65% of the company’s stock.

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A number of research firms have weighed in on CNC. ValuEngine upgraded Centene from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Morgan Stanley upped their target price on Centene from $118.00 to $126.00 and gave the stock an “overweight” rating in a report on Wednesday, February 7th. Credit Suisse Group upped their target price on Centene from $110.00 to $112.00 and gave the stock a “neutral” rating in a report on Wednesday, February 7th. Cantor Fitzgerald upped their target price on Centene from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Wednesday, February 7th. Finally, Citigroup reiterated an “outperform” rating and set a $130.00 target price (up previously from $122.00) on shares of Centene in a report on Wednesday, February 7th. Three analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $110.28.

In related news, EVP Keith H. Williamson sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $100.11, for a total value of $500,550.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Jesse N. Hunter sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $98.73, for a total value of $987,300.00. The disclosure for this sale can be found here. Insiders sold a total of 32,500 shares of company stock worth $3,311,613 over the last ninety days. 3.00% of the stock is currently owned by insiders.

Shares of Centene Corp (NYSE:CNC) opened at $102.66 on Monday. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.93 and a quick ratio of 0.93. Centene Corp has a 12-month low of $65.03 and a 12-month high of $112.42. The company has a market capitalization of $17,810.00, a P/E ratio of 25.79, a PEG ratio of 0.99 and a beta of 0.76.

Centene (NYSE:CNC) last issued its quarterly earnings results on Tuesday, February 6th. The company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.03. The firm had revenue of $12.81 billion for the quarter, compared to analysts’ expectations of $12.25 billion. Centene had a return on equity of 6.24% and a net margin of 0.77%. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.19 EPS. research analysts predict that Centene Corp will post 7.2 earnings per share for the current year.

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Centene Profile

Centene Corporation is a healthcare company. The Company provides a portfolio of services to government sponsored healthcare programs, focusing on under-insured and uninsured individuals. The Company operates through two segments: Managed Care and Specialty Services. The Company’s Managed Care segment provides health plan coverage to individuals, through government subsidized programs, including Medicaid, the State Children’s Health Insurance Program (CHIP), Long Term Care, Foster Care, dual-eligible individuals (Duals) and the Supplemental Security Income Program, also known as the Aged, Blind or Disabled Program (ABD), Medicare, and Health Insurance Marketplace.

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Institutional Ownership by Quarter for Centene (NYSE:CNC)

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