Bogle Investment Management L P De buys $18,848,451 stake in WellCare Health Plans (WCG)

WellCare Health Plans (WCG) : Bogle Investment Management L P De scooped up 11,887 additional shares in WellCare Health Plans during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 148,413 shares of WellCare Health Plans which is valued at $18,848,451.WellCare Health Plans makes up approximately 1.38% of Bogle Investment Management L P De’s portfolio.

Other Hedge Funds, Including , United Services Automobile Association boosted its stake in WCG in the latest quarter, The investment management firm added 16,880 additional shares and now holds a total of 40,960 shares of WellCare Health Plans which is valued at $5,201,920. WellCare Health Plans makes up approx 0.02% of United Services Automobile Association’s portfolio.Comerica Bank boosted its stake in WCG in the latest quarter, The investment management firm added 333 additional shares and now holds a total of 31,075 shares of WellCare Health Plans which is valued at $3,723,717. WellCare Health Plans makes up approx 0.03% of Comerica Bank’s portfolio. Catalyst Capital Advisors sold out all of its stake in WCG during the most recent quarter. The investment firm sold 4,000 shares of WCG which is valued $479,320. Hanseatic Management Services Inc added WCG to its portfolio by purchasing 17,526 company shares during the most recent quarter which is valued at $2,146,409. WellCare Health Plans makes up approx 0.81% of Hanseatic Management Services Inc’s portfolio. Bank Of Hawaii added WCG to its portfolio by purchasing 5,635 company shares during the most recent quarter which is valued at $690,118. WellCare Health Plans makes up approx 0.07% of Bank Of Hawaii’s portfolio.

WellCare Health Plans closed down -0.47 points or -0.36% at $128.6 with 7,48,232 shares getting traded on Monday. Post opening the session at $128.74, the shares hit an intraday low of $127.82 and an intraday high of $129.29 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, WellCare Health Plans reported $1.63 EPS for the quarter, beating the analyst consensus estimate by $ 0.52 according to the earnings call on Nov 1, 2016. Analyst had a consensus of $1.11. The company had revenue of $3584.00 million for the quarter, compared to analysts expectations of $3514.39 million. The company’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.00 EPS.

Many Wall Street Analysts have commented on WellCare Health Plans. WellCare Health Plans was Upgraded by Credit Suisse to ” Neutral” on Nov 11, 2016. WellCare Health Plans was Downgraded by JP Morgan to ” Neutral” on Nov 10, 2016.

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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