Centene Corp (CNC) : Rfg Advisory Group scooped up 32 additional shares in Centene Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 5,900 shares of Centene Corp which is valued at $422,086.Centene Corp makes up approximately 0.36% of Rfg Advisory Group’s portfolio.
Other Hedge Funds, Including , Intrust Bank Na reduced its stake in CNC by selling 33,554 shares or 64.48% in the most recent quarter. The Hedge Fund company now holds 18,487 shares of CNC which is valued at $1,322,560. Centene Corp makes up approx 0.52% of Intrust Bank Na’s portfolio. Tarbox Group added CNC to its portfolio by purchasing 77 company shares during the most recent quarter which is valued at $5,432. First New York Securities Ny sold out all of its stake in CNC during the most recent quarter. The investment firm sold 8,001 shares of CNC which is valued $539,347.Cornerstone Advisors boosted its stake in CNC in the latest quarter, The investment management firm added 28 additional shares and now holds a total of 666 shares of Centene Corp which is valued at $44,895. Centene Corp makes up approx 0.04% of Cornerstone Advisors’s portfolio.Gradient Investments reduced its stake in CNC by selling 392 shares or 6.94% in the most recent quarter. The Hedge Fund company now holds 5,258 shares of CNC which is valued at $379,154. Centene Corp makes up approx 0.04% of Gradient Investments’s portfolio.
Centene Corp closed down -0.66 points or -0.93% at $70.29 with 10,49,102 shares getting traded on Monday. Post opening the session at $71.01, the shares hit an intraday low of $70.12 and an intraday high of $71.01 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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.