Centene Corp (CNC) : Handelsbanken Fonder Ab scooped up 70,000 additional shares in Centene Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 15, 2016. The investment management firm now holds a total of 376,000 shares of Centene Corp which is valued at $27,113,360.Centene Corp makes up approximately 1.07% of Handelsbanken Fonder Ab’s portfolio.
Other Hedge Funds, Including , Nisa Investment Advisors reduced its stake in CNC by selling 2,993 shares or 3.11% in the most recent quarter. The Hedge Fund company now holds 93,278 shares of CNC which is valued at $6,726,277. Centene Corp makes up approx 0.09% of Nisa Investment Advisors’s portfolio. Beacon Financial Group added CNC to its portfolio by purchasing 8,823 company shares during the most recent quarter which is valued at $637,726. Centene Corp makes up approx 0.13% of Beacon Financial Group’s portfolio.Chevy Chase Trust Holdings boosted its stake in CNC in the latest quarter, The investment management firm added 2,249 additional shares and now holds a total of 145,624 shares of Centene Corp which is valued at $10,329,110. Centene Corp makes up approx 0.06% of Chevy Chase Trust Holdings’s portfolio.Next Financial Group Inc boosted its stake in CNC in the latest quarter, The investment management firm added 50 additional shares and now holds a total of 81 shares of Centene Corp which is valued at $5,745.Curian Capital reduced its stake in CNC by selling 3,691 shares or 52.24% in the most recent quarter. The Hedge Fund company now holds 3,374 shares of CNC which is valued at $239,318. Centene Corp makes up approx 0.02% of Curian Capital’s portfolio.
Centene Corp opened for trading at $71.63 and hit $72.28 on the upside on Monday, eventually ending the session at $72.11, with a gain of 1.09% or 0.78 points. The heightened volatility saw the trading volume jump to 8,30,667 shares. Company has a market cap of $12,293 M.
On the company’s financial health, Centene Corp reported $0.74 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.70. The company had revenue of $6953.00 million for the quarter, compared to analysts expectations of $6715.96 million. The company’s revenue was up 35.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 EPS.
Many Wall Street Analysts have commented on Centene Corp. Centene Corp was Upgraded by Morgan Stanley to ” Overweight” on Jun 29, 2016. Company shares were Upgraded by Barclays on Jun 20, 2016 to ” Overweight”, Firm has raised the Price Target to $ 82 from a previous price target of $76 .Centene Corp was Initiated by Bernstein to “Mkt Perform” on Jun 16, 2016.
Centene Corporation is a healthcare company. The Company provides programs and services to Government sponsored healthcare programs. It offers member-focused services by assisting in accessing care coordinating referrals to related health and social services and addressing member concerns and questions. It also provides education and outreach programs to inform and assist members in accessing healthcare services. The Company operates in two segments: Managed Care and Specialty Services. The 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 (LTC) Foster Care dual-eligible individuals (Duals) and the Supplemental Security Income Program also known as the Aged Blind or Disabled Program (ABD). The Specialty Services segment consists of the Companys specialty companies offering auxiliary healthcare services and products.