Integrated Investment Consultants Lowers stake in Centene Corp (CNC)

Centene Corp (CNC) : Integrated Investment Consultants reduced its stake in Centene Corp by 4.61% during the most recent quarter end. The investment management company now holds a total of 3,183 shares of Centene Corp which is valued at $191,171 after selling 154 shares in Centene Corp , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Centene Corp makes up approximately 0.10% of Integrated Investment Consultants’s portfolio.

Other Hedge Funds, Including , National Pension Service boosted its stake in CNC in the latest quarter, The investment management firm added 12,198 additional shares and now holds a total of 146,418 shares of Centene Corp which is valued at $8,793,865. Centene Corp makes up approx 0.07% of National Pension Service’s portfolio.British Columbia Investment Management Corp reduced its stake in CNC by selling 9,157 shares or 8.52% in the most recent quarter. The Hedge Fund company now holds 98,356 shares of CNC which is valued at $6,068,565. Centene Corp makes up approx 0.06% of British Columbia Investment Management Corp’s portfolio.Eagle Asset Management Inc reduced its stake in CNC by selling 289,257 shares or 13.61% in the most recent quarter. The Hedge Fund company now holds 1,836,414 shares of CNC which is valued at $113,306,744. Centene Corp makes up approx 0.78% of Eagle Asset Management Inc’s portfolio.Cutler Group Lp reduced its stake in CNC by selling 6,395 shares or 58.4% in the most recent quarter. The Hedge Fund company now holds 4,555 shares of CNC which is valued at $287,329. Centene Corp makes up approx 0.02% of Cutler Group Lp’s portfolio.Exxonmobil Investment Management Inc Tx reduced its stake in CNC by selling 531 shares or 1.2% in the most recent quarter. The Hedge Fund company now holds 43,595 shares of CNC which is valued at $2,699,402. Centene Corp makes up approx 0.06% of Exxonmobil Investment Management Inc Tx’s portfolio.

Centene Corp closed down -0.16 points or -0.27% at $60.06 with 10,07,040 shares getting traded on Friday. Post opening the session at $60.75, the shares hit an intraday low of $60.02 and an intraday high of $60.8982 and the price fluctuated in this range throughout the day.Shares ended Friday 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 Downgraded by Leerink Partners to ” Mkt Perform” on Sep 6, 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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