Gotham Asset Management LLC increased its stake in Centene Co. (NYSE:CNC - Free Report) by 13.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 156,331 shares of the company's stock after buying an additional 19,129 shares during the period. Gotham Asset Management LLC's holdings in Centene were worth $9,471,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Capital Advisors Ltd. LLC increased its stake in Centene by 75.3% in the 4th quarter. Capital Advisors Ltd. LLC now owns 412 shares of the company's stock worth $25,000 after buying an additional 177 shares during the period. Hurley Capital LLC purchased a new position in Centene in the 4th quarter worth about $26,000. Rialto Wealth Management LLC purchased a new position in Centene in the 4th quarter worth about $30,000. OFI Invest Asset Management purchased a new position in Centene in the 4th quarter worth about $33,000. Finally, SRS Capital Advisors Inc. raised its holdings in shares of Centene by 73.4% in the fourth quarter. SRS Capital Advisors Inc. now owns 631 shares of the company's stock valued at $38,000 after acquiring an additional 267 shares in the last quarter. Hedge funds and other institutional investors own 93.63% of the company's stock.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on CNC. Robert W. Baird decreased their price objective on Centene from $71.00 to $69.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Jefferies Financial Group decreased their price objective on Centene from $64.00 to $61.00 and set a "hold" rating for the company in a report on Tuesday, April 29th. StockNews.com downgraded Centene from a "strong-buy" rating to a "buy" rating in a report on Monday, April 28th. Wells Fargo & Company decreased their price objective on Centene from $76.00 to $72.00 and set an "overweight" rating for the company in a report on Friday, February 14th. Finally, Argus downgraded Centene from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $79.77.
Read Our Latest Stock Report on CNC
Centene Stock Up 0.0%
Centene stock opened at $62.80 on Tuesday. 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 market capitalization of $31.25 billion, a price-to-earnings ratio of 10.06, a PEG ratio of 0.80 and a beta of 0.48. Centene Co. has a 1-year low of $55.03 and a 1-year high of $80.59. The business has a fifty day moving average price of $60.60 and a 200-day moving average price of $60.48.
Centene (NYSE:CNC - Get Free Report) last posted its quarterly earnings data on Friday, April 25th. The company reported $2.90 earnings per share for the quarter, topping 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 return on equity of 13.85% and a net margin of 2.03%. The business's quarterly revenue was up 15.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.26 EPS. Equities research analysts forecast that Centene Co. will post 6.86 EPS for the current fiscal year.
Centene Company Profile
(
Free Report)
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.
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