Hennessy Advisors Inc. lowered its holdings in shares of WellCare Health Plans, Inc. (NYSE:WCG) by eight.7% within the third quarter, in keeping with its most up-to-date Form 13F submitting with the Securities & Exchange Commission. The fund owned 242,300 shares of the corporate’s inventory after promoting 23,000 shares in the course of the quarter. WellCare Health Plans accounts for about 1.three% of Hennessy Advisors Inc.’s portfolio, making the inventory its 18th largest place. Hennessy Advisors Inc. owned about zero.54% of WellCare Health Plans value $41,613,000 as of its most up-to-date SEC submitting.
Other hedge funds have additionally added to or diminished their stakes within the firm. M&T Bank Corp raised its stake in shares of WellCare Health Plans by zero.three% within the second quarter. M&T Bank Corp now owns 2,088 shares of the corporate’s inventory valued at $376,000 after buying an extra 6 shares in the course of the interval. World Asset Management Inc elevated its stake in WellCare Health Plans by zero.three% within the 2nd quarter. World Asset Management Inc now owns three,428 shares of the corporate’s inventory value $616,000 after shopping for an extra 11 shares in the course of the interval. Commonwealth of Pennsylvania Public School Empls Retrmt SYS elevated its stake in WellCare Health Plans by zero.three% within the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,493 shares of the corporate’s inventory value $1,166,000 after shopping for an extra 22 shares in the course of the interval. Meeder Asset Management Inc. elevated its stake in WellCare Health Plans by zero.6% within the 2nd quarter. Meeder Asset Management Inc. now owns 9,779 shares of the corporate’s inventory value $1,755,000 after shopping for an extra 63 shares in the course of the interval. Finally, Advisory Services Network LLC elevated its stake in WellCare Health Plans by eight.four% within the 2nd quarter. Advisory Services Network LLC now owns 866 shares of the corporate’s inventory value $155,000 after shopping for an extra 67 shares in the course of the interval. Institutional traders and hedge funds personal 98.17% of the corporate’s inventory.
WCG has been the subject of a number of current badyst stories. BidaskClub downgraded shares of WellCare Health Plans from a “strong-buy” score to a “buy” score in a badysis observe on Friday, July 28th. Morgan Stanley raised their worth goal on shares of WellCare Health Plans from $183.00 to $184.00 and gave the inventory an “equal weight” score in a badysis observe on Monday, August seventh. Zacks Investment Research upgraded shares of WellCare Health Plans from a “hold” score to a “buy” score and set a $193.00 goal worth on the inventory in a report on Friday, August 11th. Cantor Fitzgerald reiterated a “buy” score and set a $195.00 goal worth on shares of WellCare Health Plans in a report on Saturday, August 26th. Finally, ValuEngine upgraded shares of WellCare Health Plans from a “hold” score to a “buy” score in a report on Friday, September 1st. Eleven badysis badysts have rated the inventory with a maintain score and 9 have issued a purchase score to the corporate. The inventory at present has a mean score of “Hold” and a consensus goal worth of $197.00.
In badociated information, CEO Kenneth A. Burdick bought eight,500 shares of the enterprise’s inventory in a transaction on Thursday, September 14th. The shares have been bought at a mean worth of $174.24, for a complete worth of $1,481,zero40.00. Following the completion of the sale, the chief govt officer now owns 23,627 shares of the corporate’s inventory, valued at roughly $four,116,768.48. The sale was disclosed in a authorized submitting with the SEC, which is out there by means of this hyperlink. Also, Director Carol Burt bought 997 shares of WellCare Health Plans inventory in a transaction on Tuesday, November seventh. The inventory was bought at a mean worth of $202.20, for a complete transaction of $201,593.40. The disclosure for this sale might be discovered right here. zero.47% of the inventory is owned by insiders.
WellCare Health Plans, Inc. (WCG) traded down $2.02 throughout buying and selling hours on Friday, hitting $198.00. 192,659 shares of the inventory traded arms, in comparison with its common quantity of 425,450. The firm has a debt-to-equity ratio of zero.51, a fast ratio of 1.28 and a present ratio of 1.28. The inventory has a market cap of $eight,815.36, a price-to-earnings ratio of 21.43, a price-to-earnings-growth ratio of 1.53 and a beta of zero.81. WellCare Health Plans, Inc. has a 52-week low of $127.82 and a 52-week excessive of $208.89.
WellCare Health Plans (NYSE:WCG) final posted its earnings outcomes on Tuesday, October 31st. The firm reported $four.08 earnings per share for the quarter, beating the consensus estimate of $1.90 by $2.18. The agency had income of $four.40 billion in the course of the quarter, in comparison with badyst estimates of $four.37 billion. WellCare Health Plans had a web margin of two.21% and a return on fairness of 19.42%. The enterprise’s quarterly income was up 22.eight% on a year-over-year foundation. During the identical interval within the earlier yr, the agency earned $1.63 EPS. equities badysis badysts forecast that WellCare Health Plans, Inc. will publish eight.45 EPS for the present yr.
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WellCare Health Plans Profile
WellCare Health Plans, Inc is a managed care firm. The Company focuses on government-sponsored managed care providers, primarily by means of Medicaid, Medicare Advantage (MA) and Medicare Prescription Drug Plans (PDPs), to households, kids, seniors and people with medical wants. The Company operates by means of three segments: Medicaid Health Plans, Medicare Health Plans and Medicare PDPs.
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