Integral Health Asset Management LLC Takes $30.29 Million Position in Centene Co. (NYSE:CNC)

Integral Health Asset Management LLC purchased a new stake in Centene Co. (NYSE:CNC - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 500,000 shares of the company's stock, valued at approximately $30,290,000. Centene makes up 2.6% of Integral Health Asset Management LLC's holdings, making the stock its 6th largest holding. Integral Health Asset Management LLC owned 0.10% of Centene as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital Advisors Ltd. LLC lifted its position in shares of Centene by 75.3% during the fourth quarter. Capital Advisors Ltd. LLC now owns 412 shares of the company's stock worth $25,000 after purchasing an additional 177 shares in the last quarter. Hurley Capital LLC acquired a new position in shares of Centene during the fourth quarter worth approximately $26,000. Rialto Wealth Management LLC acquired a new position in shares of Centene during the fourth quarter worth approximately $30,000. OFI Invest Asset Management acquired a new position in shares of Centene during the fourth quarter worth approximately $33,000. Finally, SRS Capital Advisors Inc. lifted its position in shares of Centene by 73.4% during the fourth quarter. SRS Capital Advisors Inc. now owns 631 shares of the company's stock worth $38,000 after purchasing an additional 267 shares in the last quarter. 93.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CNC shares. Wells Fargo & Company dropped their price target on shares of Centene from $76.00 to $72.00 and set an "overweight" rating for the company in a research note on Friday, February 14th. Jefferies Financial Group dropped their price target on shares of Centene from $64.00 to $61.00 and set a "hold" rating for the company in a research note on Tuesday, April 29th. Robert W. Baird dropped their price target on shares of Centene from $71.00 to $69.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. StockNews.com downgraded shares of Centene from a "strong-buy" rating to a "buy" rating in a research note on Monday, April 28th. Finally, Argus downgraded shares of Centene from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, Centene presently has an average rating of "Moderate Buy" and an average target price of $79.77.

Centene Stock Performance

CNC stock traded up $0.59 during trading hours on Wednesday, reaching $59.56. The stock had a trading volume of 5,846,952 shares, compared to its average volume of 4,843,305. The stock has a market capitalization of $29.64 billion, a PE ratio of 9.54, a price-to-earnings-growth ratio of 0.80 and a beta of 0.48. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.11 and a quick ratio of 1.10. The stock has a 50-day simple moving average of $60.58 and a 200 day simple moving average of $60.47. Centene Co. has a fifty-two week low of $55.03 and a fifty-two week high of $80.59.

Centene (NYSE:CNC - Get Free Report) last announced its quarterly earnings results on Friday, April 25th. The company reported $2.90 EPS for the quarter, beating analysts' consensus estimates of $2.52 by $0.38. The firm had revenue of $46.62 billion during the quarter, compared to analysts' expectations of $43.16 billion. Centene had a net margin of 2.03% and a return on equity of 13.85%. The company's revenue for the quarter was up 15.4% compared to the same quarter last year. During the same quarter last year, the company posted $2.26 earnings per share. Analysts predict that Centene Co. will post 6.86 EPS for the current fiscal year.

Centene Profile

Centene Corporation operates as a healthcare enterprise that provides programs and services to under-insured and uninsured families, commercial organizations, and military families in the United States. The company operates through Medicaid, Medicare, Commercial, and Other segments. The Medicaid segment offers health plan coverage, including medicaid expansion, aged, blind, disabled, children's health insurance program, foster care, medicare-medicaid plans, long-term services and support.