Morgens Waterfall Vintiadis Co Inc Exits Position in Centene Corp (CNC)

Centene Corp (CNC) : Morgens Waterfall Vintiadis Co Inc has sold out all of its stake in Centene Corp during the most recent quarter, according to the disclosure filed by the company on Oct 12, 2016 with the SEC. The investment management company has sold out 32,000 shares of Centene Corp which is valued at $1,974,400.

Other Hedge Funds, Including , 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.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. Advisory Services Network added CNC to its portfolio by purchasing 117 company shares during the most recent quarter which is valued at $7,245.Independent Portfolio Consultants reduced its stake in CNC by selling 1,020 shares or 3.43% in the most recent quarter. The Hedge Fund company now holds 28,738 shares of CNC which is valued at $1,778,882. Centene Corp makes up approx 0.56% of Independent Portfolio Consultants’s portfolio.

Centene Corp closed down -1.38 points or -2.19% at $61.7 with 11,15,308 shares getting traded on Tuesday. Post opening the session at $62.85, the shares hit an intraday low of $61.36 and an intraday high of $62.89 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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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