Centene Corporation $CNC Shares Acquired by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC increased its position in shares of Centene Corporation (NYSE:CNC) by 54.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 98,286 shares of the company’s stock after purchasing an additional 34,607 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Centene were worth $3,507,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Centene in the 3rd quarter valued at approximately $27,000. WPG Advisers LLC raised its position in Centene by 44.5% in the third quarter. WPG Advisers LLC now owns 915 shares of the company’s stock worth $33,000 after acquiring an additional 282 shares in the last quarter. Bogart Wealth LLC lifted its holdings in Centene by 11,011.1% in the third quarter. Bogart Wealth LLC now owns 1,000 shares of the company’s stock valued at $36,000 after acquiring an additional 991 shares during the period. Financial Network Wealth Advisors LLC grew its stake in shares of Centene by 54.9% during the 3rd quarter. Financial Network Wealth Advisors LLC now owns 1,100 shares of the company’s stock worth $39,000 after purchasing an additional 390 shares during the period. Finally, Quent Capital LLC purchased a new position in shares of Centene in the 3rd quarter valued at about $45,000. Institutional investors and hedge funds own 93.63% of the company’s stock.

Centene Stock Performance

Centene stock opened at $41.89 on Thursday. Centene Corporation has a fifty-two week low of $25.08 and a fifty-two week high of $66.81. The company has a market capitalization of $20.59 billion, a price-to-earnings ratio of -3.87, a PEG ratio of 0.95 and a beta of 0.48. The stock has a fifty day moving average of $41.55 and a two-hundred day moving average of $35.33. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.08 and a current ratio of 1.08.

Centene (NYSE:CNC) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.71. Centene had a positive return on equity of 7.82% and a negative net margin of 2.85%.The business had revenue of $49.69 billion for the quarter, compared to analyst estimates of $47.50 billion. During the same quarter last year, the company earned $1.62 earnings per share. The business’s revenue for the quarter was up 18.2% compared to the same quarter last year. On average, analysts anticipate that Centene Corporation will post 6.86 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CNC. TD Cowen restated a “hold” rating on shares of Centene in a research report on Friday, October 31st. Sanford C. Bernstein restated an “outperform” rating and issued a $59.00 price target on shares of Centene in a report on Tuesday, January 6th. UBS Group set a $42.00 price objective on Centene and gave the stock a “neutral” rating in a report on Thursday, October 30th. The Goldman Sachs Group reissued a “sell” rating and issued a $38.00 target price (up previously from $33.00) on shares of Centene in a report on Thursday, October 30th. Finally, Morgan Stanley lifted their price target on Centene from $28.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 14th. Three analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $40.81.

About Centene

Centene Corporation (NYSE: CNC) is a diversified, multi-national healthcare enterprise that specializes in providing services to government-sponsored and national health programs. The company primarily acts as a managed care organization, delivering healthcare coverage and administering benefits for Medicaid, the Children’s Health Insurance Program (CHIP), Medicare Advantage, and individual marketplace plans. Centene also contracts with federal and state agencies to manage specialty care programs and community-based services for vulnerable populations.

Centene’s offerings extend beyond traditional insurance to include a range of specialty and support services.