National Asset Management Inc. Has $405,000 Position in WellCare Health Plans, Inc. (WCG)

National Asset Management Inc. cut its position in WellCare Health Plans, Inc. (NYSE:WCG) by 10.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,500 shares of the company’s stock after selling 183 shares during the quarter. National Asset Management Inc.’s holdings in WellCare Health Plans were worth $405,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. HighPoint Advisor Group LLC bought a new position in WellCare Health Plans during the first quarter worth $214,000. TD Asset Management Inc. boosted its position in WellCare Health Plans by 1.1% during the first quarter. TD Asset Management Inc. now owns 107,492 shares of the company’s stock worth $28,996,000 after purchasing an additional 1,145 shares during the period. Sustainable Insight Capital Management LLC bought a new position in WellCare Health Plans during the first quarter worth $1,932,000. Great Lakes Advisors LLC boosted its position in WellCare Health Plans by 4.0% during the first quarter. Great Lakes Advisors LLC now owns 1,856 shares of the company’s stock worth $501,000 after purchasing an additional 71 shares during the period. Finally, Penn Capital Management Co. Inc. boosted its position in WellCare Health Plans by 96.9% during the first quarter. Penn Capital Management Co. Inc. now owns 14,678 shares of the company’s stock worth $3,959,000 after purchasing an additional 7,224 shares during the period. 91.53% of the stock is owned by institutional investors and hedge funds.

WCG opened at $275.53 on Friday. WellCare Health Plans, Inc. has a fifty-two week low of $216.62 and a fifty-two week high of $324.99. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.28 and a quick ratio of 1.28. The firm has a market cap of $13.86 billion, a PE ratio of 24.98, a PEG ratio of 1.26 and a beta of 1.19.

WellCare Health Plans (NYSE:WCG) last posted its earnings results on Tuesday, April 30th. The company reported $3.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.10 by $0.59. WellCare Health Plans had a return on equity of 15.47% and a net margin of 2.17%. The company had revenue of $6.76 billion during the quarter, compared to the consensus estimate of $6.56 billion. During the same quarter last year, the firm earned $2.47 earnings per share. The company’s revenue was up 45.5% on a year-over-year basis. On average, sell-side analysts predict that WellCare Health Plans, Inc. will post 13.91 EPS for the current year.

WCG has been the subject of a number of research analyst reports. BMO Capital Markets lifted their price objective on shares of WellCare Health Plans to $330.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 6th. Cowen initiated coverage on shares of WellCare Health Plans in a research report on Thursday, February 28th. They set an “outperform” rating for the company. ValuEngine cut shares of WellCare Health Plans from a “buy” rating to a “hold” rating in a research report on Thursday, February 28th. Credit Suisse Group initiated coverage on shares of WellCare Health Plans in a research report on Monday, April 15th. They set a “neutral” rating and a $307.00 price objective for the company. Finally, Zacks Investment Research cut shares of WellCare Health Plans from a “buy” rating to a “hold” rating in a research report on Thursday, April 18th. Five analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. WellCare Health Plans currently has a consensus rating of “Buy” and an average target price of $311.13.

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WellCare Health Plans Profile

WellCare Health Plans, Inc provides government-sponsored managed care services. The company operates in three segments: Medicaid Health Plans, Medicare Health Plans, and Medicare Prescription Drug Plans (PDPs). The Medicaid Health Plans segment offers plans for beneficiaries of temporary assistance for needy families, supplemental security income, and aged blind and disabled residents; and other state-based programs, such as children's health insurance programs and long-term services and supports programs for qualifying families who are not eligible for Medicaid.

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

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