Centene Corp (CNC) : Hellman Jordan Management Co Inc scooped up 2,244 additional shares in Centene Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 23,649 shares of Centene Corp which is valued at $1,645,497.Centene Corp makes up approximately 2.90% of Hellman Jordan Management Co Inc’s portfolio.
Other Hedge Funds, Including , Twin Capital Management Inc added CNC to its portfolio by purchasing 19,190 company shares during the most recent quarter which is valued at $1,335,240. Centene Corp makes up approx 0.10% of Twin Capital Management Inc’s portfolio. Meeder Asset Management Inc sold out all of its stake in CNC during the most recent quarter. The investment firm sold 11,524 shares of CNC which is valued $868,794.Duncker Streett Co Inc boosted its stake in CNC in the latest quarter, The investment management firm added 350 additional shares and now holds a total of 1,600 shares of Centene Corp which is valued at $120,624. Centene Corp makes up approx 0.04% of Duncker Streett Co Inc’s portfolio. Murphy Capital Management Inc added CNC to its portfolio by purchasing 4,210 company shares during the most recent quarter which is valued at $305,015. Centene Corp makes up approx 0.05% of Murphy Capital Management Inc’s portfolio.
Centene Corp opened for trading at $70.44 and hit $70.98 on the upside on Monday, eventually ending the session at $70.96, with a gain of 1.03% or 0.72 points. The heightened volatility saw the trading volume jump to 9,76,493 shares. Company has a market cap of $12,115 M.
On the company’s financial health, Centene Corp reported $1.29 EPS for the quarter, beating the analyst consensus estimate by $ 0.20 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $1.09. The company had revenue of $10897.00 million for the quarter, compared to analysts expectations of $10806.33 million. The company’s revenue was up 97.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.72 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 Companys specialty companies offering auxiliary healthcare services and products.