Green Owl Capital Management buys $3 Million stake in Centene Corp (CNC)

Centene Corp (CNC) : Green Owl Capital Management scooped up 6,352 additional shares in Centene Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 53,352 shares of Centene Corp which is valued at $3 Million.Centene Corp makes up approximately 7.10% of Green Owl Capital Management’s portfolio.

Other Hedge Funds, Including , Daiwa Securities Group reduced its stake in CNC by selling 8,833 shares or 25.63% in the most recent quarter. The Hedge Fund company now holds 25,631 shares of CNC which is valued at $1.5 Million. Centene Corp makes up approx 0.01% of Daiwa Securities Group’s portfolio.Spot Trading L.l.c boosted its stake in CNC in the latest quarter, The investment management firm added 10,305 additional shares and now holds a total of 11,929 shares of Centene Corp which is valued at $675,659. Centene Corp makes up approx 0.09% of Spot Trading L.l.c’s portfolio.Engineers Gate Manager Lp boosted its stake in CNC in the latest quarter, The investment management firm added 32,505 additional shares and now holds a total of 57,392 shares of Centene Corp which is valued at $3.3 Million. Centene Corp makes up approx 0.26% of Engineers Gate Manager Lp’s portfolio.Sphinx Trading Lp reduced its stake in CNC by selling 3,400 shares or 94.44% in the most recent quarter. The Hedge Fund company now holds 200 shares of CNC which is valued at $12,392. Centene Corp makes up approx 0.12% of Sphinx Trading Lp’s portfolio.Great West Life Assurance Co Can reduced its stake in CNC by selling 8,094 shares or 8.99% in the most recent quarter. The Hedge Fund company now holds 81,953 shares of CNC which is valued at $5.1 Million. Centene Corp makes up approx 0.02% of Great West Life Assurance Co Can’s portfolio.

Centene Corp opened for trading at $56.85 and hit $57.4 on the upside on Friday, eventually ending the session at $57.24, with a gain of 1.08% or 0.61 points. The heightened volatility saw the trading volume jump to 11,09,665 shares. Company has a market cap of $9,758 M.

On the company’s financial health, Centene Corp reported $0.74 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.70. The company had revenue of $6953.00 million for the quarter, compared to analysts expectations of $6715.96 million. The company’s revenue was up 35.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 EPS.

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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