Howe & Rusling Inc. Buys 61 Shares of Centene Corp (CNC)
Howe & Rusling Inc. increased its stake in shares of Centene Corp (NYSE:CNC) by 0.8% during the first quarter, Holdings Channel reports. The institutional investor owned 8,112 shares of the company’s stock after buying an additional 61 shares during the period. Howe & Rusling Inc.’s holdings in Centene Corp were worth $578,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Global X Management Co. LLC boosted its stake in Centene Corp by 170.5% in the third quarter. Global X Management Co. LLC now owns 1,580 shares of the company’s stock valued at $106,000 after buying an additional 996 shares in the last quarter. Rockefeller Financial Services Inc. bought a new stake in Centene Corp during the third quarter valued at approximately $120,000. Parkside Financial Bank & Trust boosted its stake in Centene Corp by 7.3% in the third quarter. Parkside Financial Bank & Trust now owns 2,206 shares of the company’s stock valued at $148,000 after buying an additional 151 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in Centene Corp by 5.6% in the first quarter. Quadrant Capital Group LLC now owns 2,263 shares of the company’s stock valued at $155,000 after buying an additional 120 shares in the last quarter. Finally, Creative Planning boosted its stake in Centene Corp by 5.4% in the first quarter. Creative Planning now owns 2,476 shares of the company’s stock valued at $176,000 after buying an additional 127 shares in the last quarter. 94.14% of the stock is currently owned by institutional investors and hedge funds.
Shares of Centene Corp (NYSE:CNC) traded down 0.48% during midday trading on Tuesday, hitting $70.69. 527,269 shares of the stock were exchanged. Centene Corp has a 1-year low of $50.00 and a 1-year high of $75.57. The firm’s 50 day moving average is $70.06 and its 200-day moving average is $63.57. The stock has a market capitalization of $12.16 billion, a price-to-earnings ratio of 20.62 and a beta of 0.69.
Centene Corp (NYSE:CNC) last posted its quarterly earnings results on Tuesday, February 7th. The company reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.08. The business earned $11.91 billion during the quarter, compared to analysts’ expectations of $10.94 billion. Centene Corp had a net margin of 1.37% and a return on equity of 12.83%. The business’s quarterly revenue was up 89.0% on a year-over-year basis. During the same period last year, the company posted $0.95 earnings per share. On average, analysts predict that Centene Corp will post $4.70 EPS for the current year.
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CNC has been the topic of several research reports. Jefferies Group LLC boosted their price objective on shares of Centene Corp from $67.00 to $79.00 and gave the company a “buy” rating in a research report on Wednesday, February 8th. Barclays PLC reaffirmed a “buy” rating and issued a $75.00 price objective on shares of Centene Corp in a research report on Monday, January 9th. Deutsche Bank AG started coverage on shares of Centene Corp in a research report on Wednesday, April 5th. They set a “buy” rating and a $84.00 price target on the stock. Zacks Investment Research raised shares of Centene Corp from a “sell” rating to a “hold” rating in a research report on Thursday, February 16th. Finally, Leerink Swann reissued a “market perform” rating and set a $64.00 price target (up from $62.00) on shares of Centene Corp in a research report on Thursday, February 9th. Six equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Centene Corp has an average rating of “Buy” and an average target price of $77.75.
In other Centene Corp news, EVP Keith H. Williamson sold 6,000 shares of the firm’s stock in a transaction on Monday, March 27th. The shares were sold at an average price of $70.03, for a total value of $420,180.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jesse N. Hunter sold 5,000 shares of the firm’s stock in a transaction on Monday, February 13th. The stock was sold at an average price of $69.54, for a total transaction of $347,700.00. The disclosure for this sale can be found here. Insiders sold 13,000 shares of company stock valued at $904,920 over the last 90 days. Corporate insiders own 4.50% of the company’s stock.
About Centene Corp
Centene Corporation is a healthcare company. The Company provides a portfolio of services to government sponsored healthcare programs, focusing on under-insured and uninsured individuals. The Company operates through two segments: Managed Care and Specialty Services. The Company’s 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, Foster Care, dual-eligible individuals (Duals) and the Supplemental Security Income Program, also known as the Aged, Blind or Disabled Program (ABD), Medicare, and Health Insurance Marketplace.
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