Cwm LLC Has $1.19 Million Position in Centene Co. (NYSE:CNC)

Cwm LLC grew its stake in Centene Co. (NYSE:CNC) by 15.6% during the fourth quarter, HoldingsChannel reports. The firm owned 16,001 shares of the company’s stock after buying an additional 2,158 shares during the quarter. Cwm LLC’s holdings in Centene were worth $1,187,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in CNC. Turtle Creek Wealth Advisors LLC acquired a new stake in Centene during the 4th quarter worth approximately $25,000. Operose Advisors LLC acquired a new stake in Centene during the 3rd quarter worth approximately $25,000. OFI Invest Asset Management acquired a new stake in Centene during the 3rd quarter worth approximately $26,000. Riggs Asset Managment Co. Inc. acquired a new stake in Centene during the 4th quarter worth approximately $32,000. Finally, Headinvest LLC acquired a new stake in Centene during the 3rd quarter worth approximately $35,000. 93.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Lori Jean Robinson sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $77.41, for a total value of $774,100.00. Following the transaction, the director now owns 11,455 shares of the company’s stock, valued at approximately $886,731.55. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, President Kenneth J. Fasola sold 12,000 shares of the company’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $75.07, for a total value of $900,840.00. Following the completion of the sale, the president now owns 235,365 shares in the company, valued at approximately $17,668,850.55. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lori Jean Robinson sold 10,000 shares of the business’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $77.41, for a total transaction of $774,100.00. Following the transaction, the director now owns 11,455 shares in the company, valued at $886,731.55. The disclosure for this sale can be found here. Corporate insiders own 0.33% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on CNC shares. Wells Fargo & Company lifted their target price on shares of Centene from $89.00 to $93.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. Cantor Fitzgerald restated an “overweight” rating and issued a $90.00 price target on shares of Centene in a research report on Thursday, April 4th. StockNews.com downgraded shares of Centene from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 28th. Barclays began coverage on shares of Centene in a research report on Wednesday, March 6th. They issued an “overweight” rating and a $101.00 price target on the stock. Finally, Stephens restated an “equal weight” rating and issued a $85.00 price target (down previously from $92.00) on shares of Centene in a research report on Thursday, March 21st. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Centene currently has a consensus rating of “Moderate Buy” and an average price target of $85.25.

Centene Stock Performance

NYSE:CNC opened at $74.00 on Friday. The company has a fifty day moving average of $76.32 and a 200-day moving average of $74.80. The firm has a market capitalization of $39.58 billion, a P/E ratio of 15.07, a P/E/G ratio of 0.94 and a beta of 0.38. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.68. Centene Co. has a twelve month low of $60.83 and a twelve month high of $81.42.

Centene (NYSE:CNC) last released its quarterly earnings data on Friday, April 26th. The company reported $2.26 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.17. The company had revenue of $40.41 billion during the quarter, compared to analyst estimates of $36.43 billion. Centene had a net margin of 1.75% and a return on equity of 14.26%. Centene’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.11 EPS. As a group, sell-side analysts anticipate that Centene Co. will post 6.75 EPS for the current year.

Centene Company Profile

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.