Catalyst Capital Advisors LLC raised its stake in Centene Corporation (NYSE:CNC) by 15.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 37,100 shares of the company’s stock after purchasing an additional 5,100 shares during the period. Catalyst Capital Advisors LLC’s holdings in Centene Corporation were worth $3,590,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. CFO4Life Group LLC grew its stake in Centene Corporation by 0.4% in the second quarter. CFO4Life Group LLC now owns 6,598 shares of the company’s stock valued at $527,000 after purchasing an additional 25 shares during the last quarter. MML Investors Services LLC grew its stake in shares of Centene Corporation by 1.0% during the second quarter. MML Investors Services LLC now owns 3,587 shares of the company’s stock worth $287,000 after acquiring an additional 34 shares during the last quarter. Keybank National Association OH grew its stake in shares of Centene Corporation by 1.1% during the second quarter. Keybank National Association OH now owns 3,180 shares of the company’s stock worth $254,000 after acquiring an additional 36 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Centene Corporation by 0.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,799 shares of the company’s stock worth $1,022,000 after acquiring an additional 38 shares during the last quarter. Finally, ING Groep NV grew its stake in shares of Centene Corporation by 0.4% during the second quarter. ING Groep NV now owns 13,239 shares of the company’s stock worth $1,058,000 after acquiring an additional 48 shares during the last quarter. Institutional investors own 93.70% of the company’s stock.

In other news, Director Robert K. Ditmore sold 4,167 shares of the company’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $90.42, for a total transaction of $376,780.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.00% of the company’s stock.

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Shares of Centene Corporation (NYSE:CNC) traded down $1.07 during trading hours on Monday, reaching $94.07. The company’s stock had a trading volume of 216,802 shares, compared to its average volume of 1,700,652. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market capitalization of $16,420.00, a P/E ratio of 18.12, a PEG ratio of 1.45 and a beta of 0.67. Centene Corporation has a one year low of $54.40 and a one year high of $98.71.

Centene Corporation (NYSE:CNC) last announced its earnings results on Tuesday, October 24th. The company reported $1.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.24 by $0.11. The business had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $11.75 billion. Centene Corporation had a return on equity of 14.79% and a net margin of 1.81%. The business’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.12 EPS. equities research analysts anticipate that Centene Corporation will post 4.98 EPS for the current year.

A number of equities research analysts have recently weighed in on the company. Oppenheimer Holdings, Inc. restated a “buy” rating and set a $111.00 price target on shares of Centene Corporation in a research note on Wednesday, November 8th. Credit Suisse Group assumed coverage on Centene Corporation in a research note on Thursday, November 2nd. They set a “neutral” rating and a $102.00 price target on the stock. Cantor Fitzgerald restated a “buy” rating and set a $107.00 price target on shares of Centene Corporation in a research note on Tuesday, October 24th. Cowen and Company restated a “buy” rating and set a $115.00 price target on shares of Centene Corporation in a research note on Tuesday, October 24th. Finally, BMO Capital Markets assumed coverage on Centene Corporation in a research note on Tuesday, October 17th. They set an “outperform” rating and a $120.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $99.11.

Centene Corporation Company 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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