Centene Corp. (CNC) VP Sells $663,600.00 in Stock
Centene Corp. (NYSE:CNC) VP Carol Goldman sold 10,000 shares of Centene Corp. stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $66.36, for a total transaction of $663,600.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Centene Corp. (NYSE:CNC) opened at 61.92 on Monday. The firm has a 50-day moving average of $67.15 and a 200 day moving average of $65.81. The firm has a market capitalization of $10.57 billion, a PE ratio of 23.90 and a beta of 0.95. Centene Corp. has a 12 month low of $47.36 and a 12 month high of $75.57.
Centene Corp. (NYSE:CNC) last released its quarterly earnings data on Tuesday, July 26th. The company reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.20. Centene Corp. had a net margin of 1.19% and a return on equity of 14.27%. The company earned $10.90 billion during the quarter, compared to analyst estimates of $10.80 billion. During the same period last year, the business earned $0.72 earnings per share. Centene Corp.’s revenue was up 97.9% compared to the same quarter last year. Equities research analysts forecast that Centene Corp. will post $4.37 earnings per share for the current year.
Several institutional investors have recently added to or reduced their stakes in CNC. Robecosam AG purchased a new position in Centene Corp. during the first quarter worth approximately $107,000. Duncker Streett & Co. Inc. raised its position in Centene Corp. by 28.0% in the second quarter. Duncker Streett & Co. Inc. now owns 1,600 shares of the company’s stock worth $114,000 after buying an additional 350 shares during the period. IFP Advisors Inc raised its position in Centene Corp. by 6.9% in the first quarter. IFP Advisors Inc now owns 1,960 shares of the company’s stock worth $121,000 after buying an additional 127 shares during the period. Quadrant Capital Group LLC raised its position in Centene Corp. by 11.0% in the second quarter. Quadrant Capital Group LLC now owns 2,170 shares of the company’s stock worth $151,000 after buying an additional 215 shares during the period. Finally, Tompkins Financial Corp raised its position in Centene Corp. by 243.8% in the second quarter. Tompkins Financial Corp now owns 2,235 shares of the company’s stock worth $159,000 after buying an additional 1,585 shares during the period. Institutional investors own 92.91% of the company’s stock.
Several brokerages recently commented on CNC. Vetr raised shares of Centene Corp. from a “buy” rating to a “strong-buy” rating and set a $78.50 target price for the company in a report on Monday, June 27th. Leerink Swann reaffirmed a “hold” rating on shares of Centene Corp. in a report on Tuesday, October 4th. Wedbush reissued an “outperform” rating and issued a $85.00 price objective on shares of Centene Corp. in a report on Wednesday, September 7th. Credit Suisse Group AG reissued a “buy” rating and issued a $78.00 price objective on shares of Centene Corp. in a report on Thursday, September 1st. Finally, FBR & Co reissued a “buy” rating on shares of Centene Corp. in a report on Monday, June 20th. Four investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $80.76.
Centene Corp. Company Profile
Centene Corporation is a diversified healthcare company that provides programs and services to government sponsored healthcare programs. The Company also provides education and outreach programs to inform and assist members in accessing appropriate healthcare services. The Company operates through two segments.
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