Robeco Institutional Asset Management B.V. Boosts Holdings in WellCare Health Plans, Inc. (WCG)

Robeco Institutional Asset Management B.V. boosted its holdings in shares of WellCare Health Plans, Inc. (NYSE:WCG) by 0.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 147,344 shares of the company’s stock after acquiring an additional 1,019 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in WellCare Health Plans were worth $29,631,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of WCG. Fuller & Thaler Asset Management Inc. bought a new stake in WellCare Health Plans during the 3rd quarter worth approximately $103,000. Advisory Services Network LLC grew its holdings in WellCare Health Plans by 8.4% during the 2nd quarter. Advisory Services Network LLC now owns 866 shares of the company’s stock worth $155,000 after acquiring an additional 67 shares during the last quarter. Bayesian Capital Management LP bought a new stake in WellCare Health Plans during the 2nd quarter worth approximately $307,000. Highbridge Capital Management LLC bought a new stake in WellCare Health Plans during the 3rd quarter worth approximately $311,000. Finally, Hillsdale Investment Management Inc. grew its holdings in WellCare Health Plans by 2,075.0% during the 2nd quarter. Hillsdale Investment Management Inc. now owns 1,740 shares of the company’s stock worth $312,000 after acquiring an additional 1,660 shares during the last quarter. 99.56% of the stock is currently owned by hedge funds and other institutional investors.

Shares of WellCare Health Plans, Inc. (NYSE:WCG) opened at $218.61 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.28 and a quick ratio of 1.28. WellCare Health Plans, Inc. has a 12 month low of $136.23 and a 12 month high of $221.75. The company has a market cap of $9,730.00, a price-to-earnings ratio of 27.43, a PEG ratio of 1.54 and a beta of 0.82.

WellCare Health Plans (NYSE:WCG) last posted its quarterly earnings data on Tuesday, October 31st. The company reported $4.08 EPS for the quarter, beating the Zacks’ consensus estimate of $1.90 by $2.18. WellCare Health Plans had a net margin of 2.21% and a return on equity of 19.42%. The company had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.37 billion. During the same period in the prior year, the firm posted $1.63 EPS. The company’s quarterly revenue was up 22.8% on a year-over-year basis. sell-side analysts anticipate that WellCare Health Plans, Inc. will post 8.38 earnings per share for the current year.

In other news, Director Carol Burt sold 997 shares of the company’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $202.20, for a total value of $201,593.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.47% of the company’s stock.

A number of equities research analysts have weighed in on WCG shares. ValuEngine lowered shares of WellCare Health Plans from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Cowen started coverage on shares of WellCare Health Plans in a report on Monday, October 9th. They set an “outperform” rating and a $200.00 target price on the stock. Zacks Investment Research lowered shares of WellCare Health Plans from a “buy” rating to a “hold” rating in a report on Monday, October 9th. Jefferies Group boosted their target price on shares of WellCare Health Plans from $189.00 to $190.00 and gave the stock a “hold” rating in a report on Friday, October 13th. Finally, BMO Capital Markets started coverage on shares of WellCare Health Plans in a report on Monday, October 16th. They set an “outperform” rating and a $215.00 target price on the stock. Ten research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. WellCare Health Plans currently has a consensus rating of “Hold” and an average target price of $213.40.

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WellCare Health Plans Profile

WellCare Health Plans, Inc is a managed care company. The Company focuses on government-sponsored managed care services, primarily through Medicaid, Medicare Advantage (MA) and Medicare Prescription Drug Plans (PDPs), to families, children, seniors and individuals with medical needs. The Company operates through three segments: Medicaid Health Plans, Medicare Health Plans and Medicare PDPs.

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Institutional Ownership by Quarter for WellCare Health Plans (NYSE:WCG)

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