Centene Corp (CNC) : Rhenman Partners Asset Management Ab reduced its stake in Centene Corp by 21.17% during the most recent quarter end. The investment management company now holds a total of 111,712 shares of Centene Corp which is valued at $7,991,876 after selling 30,000 shares in Centene Corp , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Centene Corp makes up approximately 1.28% of Rhenman Partners Asset Management Ab’s portfolio.
Other Hedge Funds, Including , Wright Investors Service Inc boosted its stake in CNC in the latest quarter, The investment management firm added 11,575 additional shares and now holds a total of 45,969 shares of Centene Corp which is valued at $3,288,622. Centene Corp makes up approx 1.31% of Wright Investors Service Inc’s portfolio.Quadrant Capital Group boosted its stake in CNC in the latest quarter, The investment management firm added 215 additional shares and now holds a total of 2,170 shares of Centene Corp which is valued at $153,094. Centene Corp makes up approx 0.10% of Quadrant Capital Group’s portfolio.Parkwood reduced its stake in CNC by selling 12,170 shares or 77.07% in the most recent quarter. The Hedge Fund company now holds 3,620 shares of CNC which is valued at $272,912. Centene Corp makes up approx 0.04% of Parkwood’s portfolio. Capital One National Association sold out all of its stake in CNC during the most recent quarter. The investment firm sold 21,187 shares of CNC which is valued $1,534,998. Weaver C. Barksdale Associates sold out all of its stake in CNC during the most recent quarter. The investment firm sold 1 shares of CNC which is valued $72.
Centene Corp closed down -0.27 points or -0.38% at $71.27 with 16,83,010 shares getting traded on Thursday. Post opening the session at $71.69, the shares hit an intraday low of $70.9 and an intraday high of $72.75 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, Centene Corp reported $1.29 EPS for the quarter, beating the analyst consensus estimate by $ 0.20 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $1.09. The company had revenue of $10897.00 million for the quarter, compared to analysts expectations of $10806.33 million. The company’s revenue was up 97.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.72 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.