Aperio Group LLC lifted its holdings in Centene Corporation (NYSE:CNC) by 25.9% during the 4th quarter, HoldingsChannel reports. The fund owned 95,270 shares of the company’s stock after acquiring an additional 19,581 shares during the quarter. Aperio Group LLC’s holdings in Centene were worth $9,611,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Columbus Circle Investors acquired a new position in shares of Centene in the 3rd quarter worth approximately $9,387,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of Centene in the 2nd quarter worth approximately $455,000. Handelsbanken Fonder AB boosted its holdings in shares of Centene by 29.0% in the 3rd quarter. Handelsbanken Fonder AB now owns 178,000 shares of the company’s stock worth $17,225,000 after acquiring an additional 40,000 shares in the last quarter. Trustmark National Bank Trust Department acquired a new position in Centene during the 3rd quarter worth $291,000. Finally, Allen Investment Management LLC acquired a new position in Centene during the 3rd quarter worth $327,000. 92.41% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have issued reports on CNC shares. Jefferies Group upped their price objective on Centene from $98.00 to $112.00 and gave the stock a “buy” rating in a report on Friday, October 13th. BMO Capital Markets started coverage on Centene in a report on Tuesday, October 17th. They set an “outperform” rating and a $120.00 price objective on the stock. Cowen reaffirmed a “buy” rating and set a $115.00 price objective on shares of Centene in a report on Tuesday, October 24th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $107.00 price objective on shares of Centene in a report on Tuesday, October 24th. Finally, Oppenheimer reaffirmed a “buy” rating and set a $105.00 price objective on shares of Centene in a report on Tuesday, October 24th. Three investment 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 stock. The stock currently has an average rating of “Buy” and an average price target of $110.28.
Shares of Centene Corporation (NYSE CNC) opened at $101.66 on Friday. The company has a market cap of $17,770.00, a price-to-earnings ratio of 21.68, a price-to-earnings-growth ratio of 1.04 and a beta of 0.71. Centene Corporation has a 1 year low of $65.03 and a 1 year high of $112.42. The company has a current ratio of 0.93, a quick ratio of 0.99 and a debt-to-equity ratio of 0.68.
Centene (NYSE:CNC) last issued its earnings results on Tuesday, February 6th. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.94 by $0.03. The company had revenue of $12.81 billion during the quarter, compared to analysts’ expectations of $12.25 billion. Centene had a net margin of 1.71% and a return on equity of 13.68%. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.19 EPS. equities research analysts forecast that Centene Corporation will post 7.2 earnings per share for the current fiscal year.
Centene Company 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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