2 weeks Ago By ABMN Staff
Summit Investment Advisors Inc. decreased its holdings in shares of Centene Co. ( NYSE:CNC – Free Report ) by 7.
2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,263 shares of the company’s stock after selling 409 shares during the quarter. Summit Investment Advisors Inc.
’s holdings in Centene were worth $319,000 at the end of the most recent quarter. A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CNC. Capital Advisors Ltd.
LLC lifted its position in shares of Centene by 75.3% during the 4th quarter. Capital Advisors Ltd.
LLC now owns 412 shares of the company’s stock worth $25,000 after buying an additional 177 shares during the last quarter. Hurley Capital LLC purchased a new stake in Centene in the fourth quarter valued at $26,000. Rialto Wealth Management LLC acquired a new position in Centene in the fourth quarter valued at $30,000.
OFI Invest Asset Management acquired a new stake in shares of Centene during the fourth quarter worth about $33,000. Finally, SRS Capital Advisors Inc. lifted its holdings in shares of Centene by 73.
4% in the 4th quarter. SRS Capital Advisors Inc. now owns 631 shares of the company’s stock valued at $38,000 after purchasing an additional 267 shares during the last quarter.
93.63% of the stock is owned by institutional investors and hedge funds. Analyst Ratings Changes Several research analysts have commented on the company.
Argus lowered Centene from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Guggenheim began coverage on shares of Centene in a research report on Wednesday, April 9th. They issued a “neutral” rating for the company.
Jefferies Financial Group raised shares of Centene from an “underperform” rating to a “hold” rating and raised their price objective for the stock from $53.00 to $64.00 in a research report on Tuesday, April 8th.
Robert W. Baird decreased their target price on shares of Centene from $71.00 to $69.
00 and set a “neutral” rating for the company in a research note on Tuesday, April 15th. Finally, StockNews.com upgraded Centene from a “buy” rating to a “strong-buy” rating in a research report on Friday, April 11th.
Seven equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $80.
69. Centene Trading Down 2.1 % Shares of CNC stock opened at $60.
70 on Monday. The business’s fifty day moving average price is $59.77 and its 200 day moving average price is $61.
23. The firm has a market capitalization of $30.11 billion, a PE ratio of 9.
73, a P/E/G ratio of 0.80 and a beta of 0.53.
The company has a debt-to-equity ratio of 0.70, a current ratio of 1.11 and a quick ratio of 1.
10. Centene Co. has a 1-year low of $55.
03 and a 1-year high of $80.59. Centene ( NYSE:CNC – Get Free Report ) last posted its quarterly earnings results on Tuesday, February 4th.
The company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.
31. The business had revenue of $40.81 billion for the quarter, compared to analysts’ expectations of $38.
78 billion. Centene had a net margin of 2.03% and a return on equity of 13.
85%. The business’s revenue for the quarter was up 3.4% on a year-over-year basis.
During the same period in the prior year, the company posted $0.45 EPS. As a group, sell-side analysts forecast that Centene Co.
will post 6.86 EPS for the current fiscal year. Centene Company Profile ( Free Report ) Centene Corporation operates as a healthcare enterprise that provides programs and services to under-insured and uninsured families, commercial organizations, and military families in the United States.
The company operates through Medicaid, Medicare, Commercial, and Other segments. The Medicaid segment offers health plan coverage, including medicaid expansion, aged, blind, disabled, children’s health insurance program, foster care, medicare-medicaid plans, long-term services and support. Further Reading Want to see what other hedge funds are holding CNC? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Centene Co. ( NYSE:CNC – Free Report ). Receive News & Ratings for Centene Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Centene and related companies with MarketBeat.
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