Pensionfund Sabic adds Centene Corp (CNC) to its portfolio

Centene Corp (CNC) : Pensionfund Sabic added new position in Centene Corp during the most recent quarter end. The investment management firm now holds 24,000 shares of Centene Corp which is valued at $1.4 Million according to a report filed by the company on Apr 4, 2016 with the SEC.Centene Corp makes up approximately 0.44% of Pensionfund Sabic’s portfolio.

Other Hedge Funds, Including , Pensionfund Dsm Netherlands added CNC to its portfolio by purchasing 50,000 company shares during the most recent quarter which is valued at $3 Million. Centene Corp makes up approx 0.41% of Pensionfund Dsm Netherlands’s portfolio.

On the company’s financial health, Centene Corp reported $0.95 EPS for the quarter, based on the information available during the earnings call on Feb 9, 2016. Analyst had a consensus estimate of $0.95. The company had revenue of $6302.00 million for the quarter, compared to analysts expectations of $6318.11 million. The company’s revenue was up 33.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 EPS.

Many Wall Street Analysts have commented on Centene Corp. Shares were Reiterated by Barclays on Feb 10, 2016 to “Equal Weight” and Lowered the Price Target to $ 64 from a previous price target of $72 .

Centene Corp closed down -1.47 points or -2.41% at $59.43 with 17,05,251 shares getting traded on Monday. Post opening the session at $60.94, the shares hit an intraday low of $59.27 and an intraday high of $61.47 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Centene Corporation is a healthcare company. The Company provides programs and services to Government sponsored healthcare programs. It offers member-focused services by assisting in accessing care coordinating referrals to related health and social services and addressing member concerns and questions. It also provides education and outreach programs to inform and assist members in accessing healthcare services. The Company operates in two segments: Managed Care and Specialty Services. The 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 (LTC) Foster Care dual-eligible individuals (Duals) and the Supplemental Security Income Program also known as the Aged Blind or Disabled Program (ABD). The Specialty Services segment consists of the Company’s specialty companies offering auxiliary healthcare services and products.

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