WellCare Health Plans (WCG) : Moody Aldrich Partners added new position in WellCare Health Plans during the most recent quarter end. The investment management firm now holds 10,910 shares of WellCare Health Plans which is valued at $981,791 , the company said in a statement filed on Apr 25, 2016 with the SEC.WellCare Health Plans makes up approximately 2.09% of Moody Aldrich Partners’s portfolio.
WellCare Health Plans closed down -0.13 points or -0.14% at $89.86 with 7,63,654 shares getting traded on Monday. Post opening the session at $90.79, the shares hit an intraday low of $88.555 and an intraday high of $91.815 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
Other Hedge Funds, Including , Burt Wealth Advisors added WCG to its portfolio by purchasing 15 company shares during the most recent quarter which is valued at $1,350. Quantitative Systematic Strategies sold out all of its stake in WCG during the most recent quarter. The investment firm sold 8,899 shares of WCG which is valued $847,007.Metlife Securities Inc boosted its stake in WCG in the latest quarter, The investment management firm added 86 additional shares and now holds a total of 800 shares of WellCare Health Plans which is valued at $76,144.Boston Advisors boosted its stake in WCG in the latest quarter, The investment management firm added 1,665 additional shares and now holds a total of 14,365 shares of WellCare Health Plans which is valued at $1,367,261. WellCare Health Plans makes up approx 0.03% of Boston Advisors’s portfolio.New York State Teachers Retirement System boosted its stake in WCG in the latest quarter, The investment management firm added 800 additional shares and now holds a total of 79,597 shares of WellCare Health Plans which is valued at $7,576,042. WellCare Health Plans makes up approx 0.02% of New York State Teachers Retirement System’s portfolio.
On the company’s financial health, WellCare Health Plans reported $0.60 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Feb 9, 2016. Analyst had a consensus of $0.61. The company had revenue of $3496.80 million for the quarter, compared to analysts expectations of $3464.41 million. The company’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 EPS.
Many Wall Street Analysts have commented on WellCare Health Plans. Company shares were Upgraded by JP Morgan on Feb 22, 2016 to ” Overweight”, Firm has raised the Price Target to $ 114 from a previous price target of $80 .WellCare Health Plans was Upgraded by BofA/Merrill to ” Neutral” on Feb 22, 2016.
WellCare Health Plans Inc. (WellCare) is a managed care company for government-sponsored health care coverage with a focus on Medicaid and Medicare programs. The Company offers a range of managed care health plans for families children and the aged blind and disabled as well as prescription drug plans. The Company operates in three segments: Medicaid Health Plans Medicare Health Plans and Medicare Prescription Drug Plans (PDPs). It operates Medicaid health plans in Florida Georgia Hawaii Illinois Kentucky Missouri New Jersey New York and South Carolina. In addition it offers Medicare Advantage (MA) coordinated care plans (CCPs) in certain counties in Arizona Arkansas California Connecticut Florida Georgia Hawaii Illinois Kentucky Louisiana Mississippi Missouri New Jersey New York Ohio South Carolina Tennessee and Texas. It also offers stand-alone Medicare PDPs in 49 states and the District of Columbia.