WellCare Health Plans (WCG) Receiving Somewhat Favorable Press Coverage, Analysis Finds
News coverage about WellCare Health Plans (NYSE:WCG) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. WellCare Health Plans earned a news sentiment score of 0.19 on Accern’s scale. Accern also gave media headlines about the company an impact score of 46.6199725059876 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- Kenneth A. Burdick Sells 8,500 Shares of WellCare Health Plans, Inc. (WCG) Stock (americanbankingnews.com)
- Care1st Health Plan Arizona Supports Initiatives with Long-time Partner, the … (prnewswire.com)
- NYSE:WCG Shareholder Alert: Investigation over Possible Securities Laws Violations by WellCare Health Plans, Inc (sbwire.com)
- ‘Ohana Health Plan Recognizes Better Tomorrows and Towers at Kuhio Park for Member Initiative Support (finance.yahoo.com)
- WellCare Weathers Hurricane Irma (finance.yahoo.com)
A number of equities analysts have recently commented on the stock. Jefferies Group LLC reissued a “hold” rating and issued a $170.00 price target on shares of WellCare Health Plans in a report on Thursday, June 8th. BidaskClub lowered shares of WellCare Health Plans from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Zacks Investment Research lowered shares of WellCare Health Plans from a “buy” rating to a “hold” rating in a report on Monday, July 17th. ValuEngine raised shares of WellCare Health Plans from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, Leerink Swann reissued an “outperform” rating and issued a $225.00 price target (up previously from $185.00) on shares of WellCare Health Plans in a report on Thursday, June 22nd. Nine equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. WellCare Health Plans currently has an average rating of “Hold” and a consensus target price of $173.92.
Shares of WellCare Health Plans (NYSE WCG) opened at 175.99 on Tuesday. The stock has a market cap of $7.83 billion, a PE ratio of 30.92 and a beta of 0.88. The stock has a 50 day moving average of $173.86 and a 200-day moving average of $166.22. WellCare Health Plans has a 52 week low of $111.36 and a 52 week high of $184.88.
WellCare Health Plans (NYSE:WCG) last announced its quarterly earnings results on Friday, August 4th. The company reported $2.52 earnings per share for the quarter, topping the consensus estimate of $2.23 by $0.29. WellCare Health Plans had a net margin of 1.66% and a return on equity of 14.91%. The company had revenue of $4.31 billion for the quarter, compared to analysts’ expectations of $4.23 billion. During the same quarter in the previous year, the business posted $2.23 earnings per share. WellCare Health Plans’s quarterly revenue was up 19.8% on a year-over-year basis. Equities research analysts predict that WellCare Health Plans will post $6.99 earnings per share for the current fiscal year.
In related news, CEO Kenneth A. Burdick sold 8,500 shares of the business’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $174.24, for a total value of $1,481,040.00. Following the sale, the chief executive officer now owns 23,627 shares in the company, valued at $4,116,768.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Glenn Md Phd Steele, Jr. sold 8,374 shares of the business’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $171.97, for a total transaction of $1,440,076.78. Following the completion of the sale, the director now owns 5,722 shares in the company, valued at approximately $984,012.34. The disclosure for this sale can be found here. Insiders own 0.50% of the company’s stock.
WellCare Health Plans Company Profile
WellCare Health Plans, Inc is a managed care company. The Company focuses on government-sponsored managed care services, primarily through Medicaid, Medicare Advantage (MA) and Medicare Prescription Drug Plans (PDPs), to families, children, seniors and individuals with medical needs. The Company operates through three segments: Medicaid Health Plans, Medicare Health Plans and Medicare PDPs.
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