Senzar Asset Management adds Centene Corp (CNC) to its portfolio

Centene Corp (CNC) : Senzar Asset Management added new position in Centene Corp during the most recent quarter end. The investment management firm now holds 172,800 shares of Centene Corp which is valued at $12,137,472 , the company said in a statement filed on Aug 12, 2016 with the SEC.Centene Corp makes up approximately 2.41% of Senzar Asset Management’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Investment Partners S.a. boosted its stake in CNC in the latest quarter, The investment management firm added 775 additional shares and now holds a total of 13,597 shares of Centene Corp which is valued at $946,079. Centene Corp makes up approx 0.01% of Bnp Paribas Investment Partners S.a.’s portfolio.Aberdeen Asset Management Plcuk boosted its stake in CNC in the latest quarter, The investment management firm added 10,541 additional shares and now holds a total of 45,565 shares of Centene Corp which is valued at $3,259,720. Centene Corp makes up approx 0.01% of Aberdeen Asset Management Plcuk’s portfolio.

Centene Corp closed down -0.18 points or -0.27% at $67.48 with 10,02,294 shares getting traded on Monday. Post opening the session at $67.82, the shares hit an intraday low of $67.4 and an intraday high of $68.35 and the price fluctuated in this range throughout the day.Shares ended Monday 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 Company’s specialty companies offering auxiliary healthcare services and products.

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