Edmond De Rothschild (italia) Sgr Spa Lowers stake in WellCare Health Plans (WCG)

WellCare Health Plans (WCG) : Edmond De Rothschild (italia) Sgr Spa reduced its stake in WellCare Health Plans by 99.96% during the most recent quarter end. The investment management company now holds a total of 32 shares of WellCare Health Plans which is valued at $3,709 after selling 76,706 shares in WellCare Health Plans , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.

Other Hedge Funds, Including , Texas Permanent School Fund reduced its stake in WCG by selling 1,455 shares or 4.12% in the most recent quarter. The Hedge Fund company now holds 33,836 shares of WCG which is valued at $3,921,931. WellCare Health Plans makes up approx 0.05% of Texas Permanent School Fund’s portfolio.Swiss National Bank boosted its stake in WCG in the latest quarter, The investment management firm added 300 additional shares and now holds a total of 73,600 shares of WellCare Health Plans which is valued at $8,188,736. WellCare Health Plans makes up approx 0.01% of Swiss National Bank’s portfolio.Great West Life Assurance Co Can boosted its stake in WCG in the latest quarter, The investment management firm added 20,935 additional shares and now holds a total of 26,375 shares of WellCare Health Plans which is valued at $2,934,483. WellCare Health Plans makes up approx 0.01% of Great West Life Assurance Co Can’s portfolio.Prescott Group Capital Management L.l.c. reduced its stake in WCG by selling 1,000 shares or 1.22% in the most recent quarter. The Hedge Fund company now holds 81,043 shares of WCG which is valued at $8,796,407. WellCare Health Plans makes up approx 2.04% of Prescott Group Capital Management L.l.c.’s portfolio.

WellCare Health Plans opened for trading at $114.81 and hit $116.13 on the upside on Friday, eventually ending the session at $116.04, with a gain of 0.45% or 0.52 points. The heightened volatility saw the trading volume jump to 7,14,414 shares. Company has a market cap of $5,137 M.

On the company’s financial health, WellCare Health Plans reported $2.23 EPS for the quarter, beating the analyst consensus estimate by $ 0.83 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $1.40. The company had revenue of $3594.40 million for the quarter, compared to analysts expectations of $3513.06 million. The company’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.34 EPS.

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.

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