Eqis Capital Administration Inc. lifted its holdings in Centene Company (NYSE:CNC) by 40.2% in the course of the third quarter, in keeping with its most up-to-date disclosure with the Securities and Trade Fee (SEC). The agency owned 13,190 shares of the corporate’s inventory after buying an extra three,784 shares in the course of the quarter. Eqis Capital Administration Inc.’s holdings in Centene Company have been value $1,276,000 as of its most up-to-date SEC submitting.
Different giant buyers have additionally added to or lowered their stakes within the firm. Mckinley Capital Administration LLC Delaware acquired a brand new stake in Centene Company in the course of the second quarter valued at $101,000. Seven Bridges Advisors LLC acquired a brand new stake in Centene Company in the course of the second quarter valued at $123,000. IFP Advisors Inc grew its place in Centene Company by 9.6% in the course of the second quarter. IFP Advisors Inc now owns 1,944 shares of the corporate’s inventory valued at $155,000 after shopping for an extra 170 shares in the course of the interval. MV Capital Administration Inc. acquired a brand new stake in Centene Company in the course of the second quarter valued at $186,000. Lastly, Sii Investments Inc. WI acquired a brand new stake in Centene Company in the course of the second quarter valued at $202,000. Hedge funds and different institutional buyers personal 92.70% of the corporate’s inventory.
Centene Company (CNC) traded up three.60% throughout noon buying and selling on Friday, hitting $94.41. 2,283,499 shares of the inventory have been exchanged. The agency has a 50 day shifting common of $94.02 and a 200-day shifting common of $83.21. Centene Company has a 12-month low of $50.00 and a 12-month excessive of $98.71. The inventory has a market cap of $16.29 billion, a price-to-earnings ratio of 19.27 and a beta of zero.68.
Centene Company (NYSE:CNC) final launched its quarterly earnings knowledge on Tuesday, October 24th. The corporate reported $1.35 earnings per share (EPS) for the quarter, beating badysts’ consensus estimates of $1.24 by $zero.11. Centene Company had a return on fairness of 14.79% and a web margin of 1.81%. The enterprise had income of $11.90 billion for the quarter, in comparison with badysts’ expectations of $11.75 billion. Throughout the identical interval within the earlier 12 months, the enterprise posted $1.12 earnings per share. Centene Company’s quarterly income was up 9.7% on a year-over-year foundation. On common, equities badysts count on that Centene Company will put up $four.97 earnings per share for the present 12 months.
A number of badysts not too long ago commented on the inventory. Deutsche Financial institution AG restated a “purchase” ranking and set a $111.00 worth goal (up beforehand from $95.00) on shares of Centene Company in a badysis report on Thursday, September 14th. Cowen and Firm reiterated a “purchase” ranking and issued a $115.00 goal worth on shares of Centene Company in a badysis report on Tuesday, October 24th. Cantor Fitzgerald reiterated a “purchase” ranking and issued a $107.00 goal worth on shares of Centene Company in a badysis report on Tuesday, October 24th. Oppenheimer Holdings, Inc. reiterated a “purchase” ranking and issued a $105.00 goal worth on shares of Centene Company in a badysis report on Tuesday, October 24th. Lastly, Zacks Funding Analysis upgraded shares of Centene Company from a “maintain” ranking to a “purchase” ranking and set a $107.00 goal worth on the inventory in a badysis report on Friday, September 15th. One equities badysis badyst has rated the inventory with a promote ranking, 4 have given a maintain ranking and seventeen have given a purchase ranking to the inventory. The inventory presently has a median ranking of “Purchase” and a consensus worth goal of $96.42.
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In different Centene Company information, EVP Christopher D. Bowers offered four,000 shares of the corporate’s inventory in a transaction on Tuesday, August 1st. The inventory was offered at a median worth of $79.43, for a complete worth of $317,720.00. The sale was disclosed in a authorized submitting with the SEC, which is offered by means of the SEC web site. Company insiders personal three.00% of the corporate’s inventory.
About Centene Company
Centene Company is a healthcare firm. The Firm gives a portfolio of providers to authorities sponsored healthcare applications, specializing in under-insured and uninsured people. The Firm operates by means of two segments: Managed Care and Specialty Companies. The Firm’s Managed Care section gives well being plan protection to people, by means of authorities backed applications, together with Medicaid, the State Youngsters’s Well being Insurance coverage Program (CHIP), Lengthy Time period Care, Foster Care, dual-eligible people (Duals) and the Supplemental Safety Earnings Program, also referred to as the Aged, Blind or Disabled Program (ABD), Medicare, and Well being Insurance coverage Market.
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