Osborne Partners Capital Management buys $7,488,939 stake in Centene Corp (CNC)

Centene Corp (CNC) : Osborne Partners Capital Management scooped up 3,165 additional shares in Centene Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 19, 2016. The investment management firm now holds a total of 103,367 shares of Centene Corp which is valued at $7,488,939.Centene Corp makes up approximately 1.08% of Osborne Partners Capital Management’s portfolio.

Other Hedge Funds, Including , Capital One National Association sold out all of its stake in CNC during the most recent quarter. The investment firm sold 21,187 shares of CNC which is valued $1,534,998.Capstone Asset Management Co boosted its stake in CNC in the latest quarter, The investment management firm added 13,380 additional shares and now holds a total of 31,957 shares of Centene Corp which is valued at $2,309,852. Centene Corp makes up approx 0.07% of Capstone Asset Management Co’s portfolio.Exxonmobil Investment Management Inc Tx boosted its stake in CNC in the latest quarter, The investment management firm added 2,749 additional shares and now holds a total of 44,126 shares of Centene Corp which is valued at $3,129,857. Centene Corp makes up approx 0.07% of Exxonmobil Investment Management Inc Tx’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in CNC by selling 16,566 shares or 62.26% in the most recent quarter. The Hedge Fund company now holds 10,043 shares of CNC which is valued at $712,350.

Centene Corp opened for trading at $71.99 and hit $72.83 on the upside on Wednesday, eventually ending the session at $72.45, with a gain of 0.92% or 0.66 points. The heightened volatility saw the trading volume jump to 8,87,585 shares. Company has a market cap of $12,351 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.

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 Company’s specialty companies offering auxiliary healthcare services and products.

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