Centene Corp (CNC) : Monetta Financial Services Inc added new position in Centene Corp during the most recent quarter end. The investment management firm now holds 7,000 shares of Centene Corp which is valued at $491,680 , the company said in a statement filed on Aug 10, 2016 with the SEC.Centene Corp makes up approximately 0.29% of Monetta Financial Services Inc’s portfolio.
Other Hedge Funds, Including , Vanguard Group Inc reduced its stake in CNC by selling 1,157,087 shares or 7.32% in the most recent quarter. The Hedge Fund company now holds 14,659,893 shares of CNC which is valued at $1,029,710,884. Centene Corp makes up approx 0.06% of Vanguard Group Inc’s portfolio.Neuberger Berman Group boosted its stake in CNC in the latest quarter, The investment management firm added 618,379 additional shares and now holds a total of 903,205 shares of Centene Corp which is valued at $64,082,395. Centene Corp makes up approx 0.09% of Neuberger Berman Group’s portfolio.Thompson Siegel Walmsley reduced its stake in CNC by selling 5,396 shares or 91.46% in the most recent quarter. The Hedge Fund company now holds 504 shares of CNC which is valued at $35,759.Eagle Asset Management Inc reduced its stake in CNC by selling 555,230 shares or 20.71% in the most recent quarter. The Hedge Fund company now holds 2,125,671 shares of CNC which is valued at $154,004,864. Centene Corp makes up approx 1.02% of Eagle Asset Management Inc’s portfolio.Handelsbanken Fonder Ab boosted its stake in CNC in the latest quarter, The investment management firm added 70,000 additional shares and now holds a total of 376,000 shares of Centene Corp which is valued at $27,113,360. Centene Corp makes up approx 1.07% of Handelsbanken Fonder Ab’s portfolio.
Centene Corp opened for trading at $69.01 and hit $70.16 on the upside on Friday, eventually ending the session at $70.08, with a gain of 0.94% or 0.65 points. The heightened volatility saw the trading volume jump to 11,46,731 shares. Company has a market cap of $11,965 M.
On the company’s financial health, Centene Corp reported $1.29 EPS for the quarter, beating the analyst consensus estimate by $ 0.20 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $1.09. The company had revenue of $10897.00 million for the quarter, compared to analysts expectations of $10806.33 million. The company’s revenue was up 97.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.72 EPS.
Many Wall Street Analysts have commented on Centene Corp. Centene Corp was Upgraded by Morgan Stanley to ” Overweight” on Jun 29, 2016. Company shares were Upgraded by Barclays on Jun 20, 2016 to ” Overweight”, Firm has raised the Price Target to $ 82 from a previous price target of $76 .Centene Corp was Initiated by Bernstein to “Mkt Perform” on Jun 16, 2016.
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 Companys specialty companies offering auxiliary healthcare services and products.