Centene Corp (CNC) : Hellman Jordan Management Co Inc added new position in Centene Corp during the most recent quarter end. The investment management firm now holds 21,405 shares of Centene Corp which is valued at $1,334,602 , the company said in a statement filed on Apr 18, 2016 with the SEC.Centene Corp makes up approximately 3.24% of Hellman Jordan Management Co Inc’s portfolio.
Centene Corp opened for trading at $60.75 and hit $62.39 on the upside on Friday, eventually ending the session at $62.35, with a gain of 3.06% or 1.85 points. The heightened volatility saw the trading volume jump to 26,41,002 shares. Company has a market cap of $7,585 M.
Other Hedge Funds, Including , New York State Teachers Retirement System boosted its stake in CNC in the latest quarter, The investment management firm added 14,912 additional shares and now holds a total of 339,584 shares of Centene Corp which is valued at $21,173,062. Centene Corp makes up approx 0.06% of New York State Teachers Retirement System’s portfolio.Osborne Partners Capital Management boosted its stake in CNC in the latest quarter, The investment management firm added 32,092 additional shares and now holds a total of 100,202 shares of Centene Corp which is valued at $5,871,837. Centene Corp makes up approx 0.85% of Osborne Partners Capital Management’s portfolio.Capstone Asset Management Co boosted its stake in CNC in the latest quarter, The investment management firm added 690 additional shares and now holds a total of 18,577 shares of Centene Corp which is valued at $1,088,612. Centene Corp makes up approx 0.03% of Capstone Asset Management Co’s portfolio.Proficio Capital Partners boosted its stake in CNC in the latest quarter, The investment management firm added 20 additional shares and now holds a total of 55 shares of Centene Corp which is valued at $3,269.Weaver C. Barksdale Associates reduced its stake in CNC by selling 2,049 shares or 99.95% in the most recent quarter. The Hedge Fund company now holds 1 shares of CNC which is valued at $59.
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 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.