WellCare Health Plans (WCG) : Edmond De Rothschild (italia) Sgr Spa has sold out all of its stake in WellCare Health Plans during the most recent quarter, according to the disclosure filed by the company on Nov 14, 2016 with the SEC. The investment management company has sold out 32 shares of WellCare Health Plans which is valued at $4,064.
Other Hedge Funds, Including , Jacobs Levy Equity Management Inc boosted its stake in WCG in the latest quarter, The investment management firm added 13,750 additional shares and now holds a total of 165,650 shares of WellCare Health Plans which is valued at $21,037,550. WellCare Health Plans makes up approx 0.37% of Jacobs Levy Equity Management Inc’s portfolio.Municipal Employees’ Retirement System Of Michigan boosted its stake in WCG in the latest quarter, The investment management firm added 290 additional shares and now holds a total of 19,860 shares of WellCare Health Plans which is valued at $2,497,792. WellCare Health Plans makes up approx 0.13% of Municipal Employees’ Retirement System Of Michigan’s portfolio.Retirement Systems Of Alabama reduced its stake in WCG by selling 27,946 shares or 19.96% in the most recent quarter. The Hedge Fund company now holds 112,037 shares of WCG which is valued at $13,521,746. WellCare Health Plans makes up approx 0.08% of Retirement Systems Of Alabama’s portfolio.Ngam Advisors reduced its stake in WCG by selling 8,190 shares or 21.78% in the most recent quarter. The Hedge Fund company now holds 29,412 shares of WCG which is valued at $3,549,734. WellCare Health Plans makes up approx 0.05% of Ngam Advisors’s portfolio.
WellCare Health Plans closed down -0.47 points or -0.36% at $128.6 with 7,48,232 shares getting traded on Monday. Post opening the session at $128.74, the shares hit an intraday low of $127.82 and an intraday high of $129.29 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, WellCare Health Plans reported $1.63 EPS for the quarter, beating the analyst consensus estimate by $ 0.52 according to the earnings call on Nov 1, 2016. Analyst had a consensus of $1.11. The company had revenue of $3584.00 million for the quarter, compared to analysts expectations of $3514.39 million. The company’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.00 EPS.
Many Wall Street Analysts have commented on WellCare Health Plans. WellCare Health Plans was Upgraded by Credit Suisse to ” Neutral” on Nov 11, 2016. WellCare Health Plans was Downgraded by JP Morgan to ” Neutral” on Nov 10, 2016.
WellCare Health Plans Inc. (WellCare) is a managed care company for government-sponsored health care coverage with a focus on Medicaid and Medicare programs. The Company offers a range of managed care health plans for families children and the aged blind and disabled as well as prescription drug plans. The Company operates in three segments: Medicaid Health Plans Medicare Health Plans and Medicare Prescription Drug Plans (PDPs). It operates Medicaid health plans in Florida Georgia Hawaii Illinois Kentucky Missouri New Jersey New York and South Carolina. In addition it offers Medicare Advantage (MA) coordinated care plans (CCPs) in certain counties in Arizona Arkansas California Connecticut Florida Georgia Hawaii Illinois Kentucky Louisiana Mississippi Missouri New Jersey New York Ohio South Carolina Tennessee and Texas. It also offers stand-alone Medicare PDPs in 49 states and the District of Columbia.