AMP Capital Investors Ltd Has $704,000 Stake in WellCare Health Plans, Inc. (WCG)

AMP Capital Investors Ltd lifted its holdings in shares of WellCare Health Plans, Inc. (NYSE:WCG) by 41.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,100 shares of the company’s stock after acquiring an additional 1,200 shares during the quarter. AMP Capital Investors Ltd’s holdings in WellCare Health Plans were worth $704,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. M&T Bank Corp increased its position in shares of WellCare Health Plans by 0.3% during the second quarter. M&T Bank Corp now owns 2,088 shares of the company’s stock worth $376,000 after acquiring an additional 6 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of WellCare Health Plans by 0.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,493 shares of the company’s stock worth $1,166,000 after acquiring an additional 22 shares during the last quarter. Advisory Services Network LLC increased its position in shares of WellCare Health Plans by 8.4% during the second quarter. Advisory Services Network LLC now owns 866 shares of the company’s stock worth $155,000 after acquiring an additional 67 shares during the last quarter. Utah Retirement Systems increased its position in shares of WellCare Health Plans by 1.2% during the second quarter. Utah Retirement Systems now owns 8,200 shares of the company’s stock worth $1,472,000 after acquiring an additional 100 shares during the last quarter. Finally, Bank of Hawaii increased its position in shares of WellCare Health Plans by 3.2% during the second quarter. Bank of Hawaii now owns 3,765 shares of the company’s stock worth $676,000 after acquiring an additional 115 shares during the last quarter. 99.74% of the stock is currently owned by institutional investors and hedge funds.

WellCare Health Plans, Inc. (NYSE:WCG) opened at $199.73 on Friday. The company has a market capitalization of $8,935.92, a PE ratio of 21.72, a P/E/G ratio of 1.56 and a beta of 0.82. WellCare Health Plans, Inc. has a 52 week low of $133.21 and a 52 week high of $213.97. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.51.

WellCare Health Plans (NYSE:WCG) last posted its quarterly earnings results on Tuesday, October 31st. The company reported $4.08 EPS for the quarter, topping the Zacks’ consensus estimate of $1.90 by $2.18. The business had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.37 billion. WellCare Health Plans had a return on equity of 19.42% and a net margin of 2.21%. The company’s revenue for the quarter was up 22.8% compared to the same quarter last year. During the same period last year, the firm earned $1.63 earnings per share. analysts anticipate that WellCare Health Plans, Inc. will post 8.38 EPS for the current fiscal year.

In related news, Director Carol Burt sold 997 shares of WellCare Health Plans stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $202.20, for a total value of $201,593.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.47% of the stock is currently owned by company insiders.

A number of analysts have recently issued reports on the company. Zacks Investment Research raised WellCare Health Plans from a “hold” rating to a “buy” rating and set a $221.00 target price on the stock in a research report on Thursday, November 2nd. Deutsche Bank lifted their target price on WellCare Health Plans to $240.00 and gave the stock a “buy” rating in a research report on Monday, November 20th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $214.00 target price on shares of WellCare Health Plans in a research report on Wednesday, November 1st. Jefferies Group lifted their target price on WellCare Health Plans from $189.00 to $190.00 and gave the stock a “hold” rating in a research report on Friday, October 13th. Finally, Mitsubishi UFJ Financial Group assumed coverage on WellCare Health Plans in a research report on Thursday, September 21st. They set an “overweight” rating and a $204.00 target price on the stock. Ten analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $202.87.

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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.

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

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