Koss Olinger Consulting LLC acquired a brand new place in shares of Centene Co. (NYSE:CNC – Free Report) throughout the second quarter, in accordance with the corporate in its most up-to-date Kind 13F submitting with the Securities and Change Fee (SEC). The fund acquired 3,476 shares of the corporate’s inventory, valued at roughly $230,000.
Different giant traders additionally just lately added to or decreased their stakes within the firm. Pinebridge Investments L.P. raised its place in shares of Centene by 52.4% throughout the 4th quarter. Pinebridge Investments L.P. now owns 327,442 shares of the corporate’s inventory valued at $24,298,000 after shopping for a further 112,605 shares throughout the interval. Mitsubishi UFJ Asset Administration Co. Ltd. grew its stake in shares of Centene by 18.7% within the first quarter. Mitsubishi UFJ Asset Administration Co. Ltd. now owns 624,944 shares of the corporate’s inventory price $49,046,000 after buying a further 98,298 shares within the final quarter. GSA Capital Companions LLP elevated its place in shares of Centene by 435.0% throughout the first quarter. GSA Capital Companions LLP now owns 20,052 shares of the corporate’s inventory price $1,574,000 after buying a further 16,304 shares throughout the interval. Diversified Belief Co boosted its holdings in Centene by 35.8% within the second quarter. Diversified Belief Co now owns 28,009 shares of the corporate’s inventory valued at $1,857,000 after buying a further 7,385 shares throughout the interval. Lastly, Wells Fargo & Firm MN grew its stake in Centene by 5.8% throughout the 4th quarter. Wells Fargo & Firm MN now owns 947,577 shares of the corporate’s inventory price $70,320,000 after buying a further 51,878 shares within the final quarter. 93.63% of the inventory is at the moment owned by hedge funds and different institutional traders.
Analyst Rankings Modifications
A number of equities analysts have just lately issued stories on CNC shares. Deutsche Financial institution Aktiengesellschaft lifted their worth goal on Centene from $82.00 to $87.00 and gave the corporate a “maintain” ranking in a analysis observe on Friday, August 2nd. Cantor Fitzgerald reiterated an “chubby” ranking and set a $90.00 worth goal on shares of Centene in a report on Monday, August nineteenth. Wells Fargo & Firm raised their goal worth on Centene from $81.00 to $93.00 and gave the inventory an “chubby” ranking in a analysis report on Monday, August fifth. Oppenheimer dropped their goal worth on shares of Centene from $110.00 to $95.00 and set an “outperform” ranking on the inventory in a analysis report on Monday, July twenty ninth. Lastly, TD Cowen boosted their worth goal on shares of Centene from $80.00 to $89.00 and gave the corporate a “purchase” ranking in a analysis report on Wednesday, July thirty first. Seven analysts have rated the inventory with a maintain ranking, six have assigned a purchase ranking and one has given a powerful purchase ranking to the inventory. In keeping with MarketBeat, the corporate at the moment has a mean ranking of “Reasonable Purchase” and a mean worth goal of $85.75.
Centene Worth Efficiency
Shares of NYSE:CNC opened at $70.84 on Tuesday. The corporate has a debt-to-equity ratio of 0.64, a fast ratio of 1.17 and a present ratio of 1.17. Centene Co. has a one 12 months low of $63.45 and a one 12 months excessive of $81.42. The corporate has a 50-day easy transferring common of $73.00 and a 200-day easy transferring common of $73.70. The inventory has a market capitalization of $37.26 billion, a price-to-earnings ratio of 14.08, a PEG ratio of 0.95 and a beta of 0.48.
Centene (NYSE:CNC – Get Free Report) final posted its quarterly earnings information on Friday, July twenty sixth. The corporate reported $2.42 earnings per share for the quarter, lacking analysts’ consensus estimates of $2.44 by ($0.02). Centene had a return on fairness of 14.45% and a web margin of 1.79%. The corporate had income of $39.84 billion for the quarter, in comparison with analyst estimates of $36.83 billion. Throughout the identical interval within the earlier 12 months, the enterprise posted $2.10 earnings per share. The agency’s income was up 5.9% in comparison with the identical quarter final 12 months. On common, analysts predict that Centene Co. will publish 6.83 EPS for the present 12 months.
Centene Profile
Centene Company operates as a healthcare enterprise that gives applications and companies to under-insured and uninsured households, business organizations, and army households in america. The corporate operates by means of Medicaid, Medicare, Industrial, and Different segments. The Medicaid section affords well being plan protection, together with medicaid growth, aged, blind, disabled, kids’s medical insurance program, foster care, medicare-medicaid plans, long-term companies and help.
See Additionally
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