FDx Advisors Inc. lifted its holdings in Centene Corporation (NYSE:CNC) by 22.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,633 shares of the company’s stock after buying an additional 1,035 shares during the quarter. FDx Advisors Inc.’s holdings in Centene Corporation were worth $545,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Mckinley Capital Management LLC Delaware purchased a new stake in shares of Centene Corporation in the 2nd quarter worth about $101,000. Seven Bridges Advisors LLC purchased a new stake in Centene Corporation during the 2nd quarter valued at about $123,000. IFP Advisors Inc grew its position in Centene Corporation by 9.6% during the 2nd quarter. IFP Advisors Inc now owns 1,944 shares of the company’s stock valued at $155,000 after purchasing an additional 170 shares during the last quarter. Baldwin Brothers Inc. MA purchased a new stake in Centene Corporation during the 3rd quarter valued at about $185,000. Finally, MV Capital Management Inc. purchased a new stake in Centene Corporation during the 2nd quarter valued at about $186,000. 93.43% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Robert K. Ditmore sold 4,167 shares of Centene Corporation stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $90.42, for a total transaction of $376,780.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.00% of the stock is currently owned by company insiders.
Centene Corporation (NYSE CNC) opened at $95.14 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market cap of $16,417.93, a price-to-earnings ratio of 18.12, a price-to-earnings-growth ratio of 1.45 and a beta of 0.67. Centene Corporation has a one year low of $54.40 and a one year high of $98.71.
Centene Corporation (NYSE:CNC) last posted its quarterly earnings data on Tuesday, October 24th. The company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.24 by $0.11. The company had revenue of $11.90 billion during the quarter, compared to analyst estimates of $11.75 billion. Centene Corporation had a net margin of 1.81% and a return on equity of 14.79%. Centene Corporation’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.12 earnings per share. equities analysts anticipate that Centene Corporation will post 4.98 EPS for the current fiscal year.
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CNC has been the topic of several recent analyst reports. Jefferies Group LLC reissued a “buy” rating and set a $98.00 price objective on shares of Centene Corporation in a research report on Thursday, July 27th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $90.00 price target on shares of Centene Corporation in a report on Tuesday, July 25th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $105.00 price target on shares of Centene Corporation in a report on Thursday, July 27th. ValuEngine raised shares of Centene Corporation from a “hold” rating to a “buy” rating in a report on Thursday, July 27th. Finally, UBS AG reaffirmed a “buy” rating and set a $95.00 price target (up previously from $88.00) on shares of Centene Corporation in a report on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seventeen have given a buy rating to the company’s stock. Centene Corporation has a consensus rating of “Buy” and a consensus price target of $99.11.
Centene Corporation Company Profile
Centene Corporation is a healthcare company. The Company provides a portfolio of services to government sponsored healthcare programs, focusing on under-insured and uninsured individuals. The Company operates through two segments: Managed Care and Specialty Services. The Company’s 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, Foster Care, dual-eligible individuals (Duals) and the Supplemental Security Income Program, also known as the Aged, Blind or Disabled Program (ABD), Medicare, and Health Insurance Marketplace.
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