Chicago Equity Partners LLC acquired a new position in shares of Centene Corporation (NYSE:CNC) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 21,169 shares of the company’s stock, valued at approximately $2,049,000.

Several other large investors also recently modified their holdings of CNC. CFO4Life Group LLC increased its stake in Centene Corporation by 0.4% in the 2nd quarter. CFO4Life Group LLC now owns 6,598 shares of the company’s stock valued at $527,000 after buying an additional 25 shares during the last quarter. MML Investors Services LLC increased its stake in Centene Corporation by 1.0% in the 2nd quarter. MML Investors Services LLC now owns 3,587 shares of the company’s stock valued at $287,000 after buying an additional 34 shares during the last quarter. Keybank National Association OH increased its stake in Centene Corporation by 1.1% in the 2nd quarter. Keybank National Association OH now owns 3,180 shares of the company’s stock valued at $254,000 after buying an additional 36 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Centene Corporation by 0.3% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,799 shares of the company’s stock valued at $1,022,000 after buying an additional 38 shares during the last quarter. Finally, ING Groep NV increased its stake in Centene Corporation by 0.4% in the 2nd quarter. ING Groep NV now owns 13,239 shares of the company’s stock valued at $1,058,000 after buying an additional 48 shares during the last quarter. Institutional investors and hedge funds own 93.43% of the company’s stock.

In other Centene Corporation news, Director Robert K. Ditmore sold 4,167 shares of the business’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of C$90.42, for a total value of C$376,780.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 3.00% of the company’s stock.

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Several brokerages have issued reports on CNC. Oppenheimer Holdings, Inc. reiterated a “buy” rating and issued a $111.00 price target on shares of Centene Corporation in a research note on Wednesday, November 8th. Piper Jaffray Companies reiterated a “buy” rating and issued a $105.00 price target on shares of Centene Corporation in a research note on Thursday, July 27th. Jefferies Group LLC reissued a “buy” rating and issued a $98.00 price objective on shares of Centene Corporation in a research report on Thursday, July 27th. ValuEngine raised shares of Centene Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, July 27th. Finally, Cantor Fitzgerald reissued a “buy” rating and issued a $90.00 price objective on shares of Centene Corporation in a research report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating and seventeen have assigned a buy rating to the company. Centene Corporation presently has an average rating of “Buy” and an average price target of C$97.53.

Shares of Centene Corporation (CNC) opened at C$93.68 on Monday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.71. The stock has a market cap of $16,166.03, a PE ratio of 17.84, a price-to-earnings-growth ratio of 1.43 and a beta of 0.67. Centene Corporation has a twelve month low of C$50.33 and a twelve month high of C$98.71.

Centene Corporation (NYSE:CNC) last posted its quarterly earnings data on Tuesday, October 24th. The company reported C$1.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$1.24 by C$0.11. The firm had revenue of C$11.90 billion during the quarter, compared to the consensus estimate of C$11.75 billion. Centene Corporation had a net margin of 1.81% and a return on equity of 14.79%. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.12 EPS. equities research analysts expect that Centene Corporation will post 4.98 earnings per share for the current fiscal year.

Centene Corporation Profile

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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Institutional Ownership by Quarter for Centene Corporation (NYSE:CNC)

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