Trexquant Investment LP grew its position in WellCare Health Plans, Inc. (NYSE:WCG) by 315.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,986 shares of the company’s stock after purchasing an additional 3,786 shares during the quarter. Trexquant Investment LP’s holdings in WellCare Health Plans were worth $856,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Legal & General Group Plc raised its holdings in shares of WellCare Health Plans by 9.1% in the 2nd quarter. Legal & General Group Plc now owns 58,653 shares of the company’s stock valued at $10,528,000 after purchasing an additional 4,893 shares in the last quarter. Artemis Investment Management LLP acquired a new stake in shares of WellCare Health Plans in the 2nd quarter valued at $7,486,000. State of Tennessee Treasury Department raised its holdings in shares of WellCare Health Plans by 25.0% in the 2nd quarter. State of Tennessee Treasury Department now owns 50,000 shares of the company’s stock valued at $8,978,000 after purchasing an additional 10,000 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of WellCare Health Plans by 3.2% in the 2nd quarter. Pacer Advisors Inc. now owns 6,372 shares of the company’s stock valued at $1,144,000 after purchasing an additional 195 shares in the last quarter. Finally, Globeflex Capital L P raised its holdings in shares of WellCare Health Plans by 155.8% in the 2nd quarter. Globeflex Capital L P now owns 16,449 shares of the company’s stock valued at $2,954,000 after purchasing an additional 10,018 shares in the last quarter. Institutional investors and hedge funds own 99.84% of the company’s stock.

In other WellCare Health Plans news, Director Carol Burt sold 997 shares of the firm’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $202.20, for a total transaction of $201,593.40. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Kenneth A. Burdick sold 8,500 shares of the firm’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $174.24, for a total transaction of $1,481,040.00. Following the transaction, the chief executive officer now directly owns 23,627 shares in the company, valued at $4,116,768.48. The disclosure for this sale can be found here. Company insiders own 0.47% of the company’s stock.

WellCare Health Plans, Inc. (NYSE WCG) traded up $1.11 during midday trading on Wednesday, hitting $204.11. 447,300 shares of the company were exchanged, compared to its average volume of 362,617. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.28 and a quick ratio of 1.28. The stock has a market cap of $8,981.33, a P/E ratio of 21.83, a price-to-earnings-growth ratio of 1.56 and a beta of 0.81. WellCare Health Plans, Inc. has a 1 year low of $133.21 and a 1 year high of $208.89.

WellCare Health Plans (NYSE:WCG) last posted its earnings results on Tuesday, October 31st. The company reported $4.08 EPS for the quarter, beating the Zacks’ consensus estimate of $1.90 by $2.18. The firm had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.37 billion. WellCare Health Plans had a net margin of 2.21% and a return on equity of 19.42%. The company’s revenue was up 22.8% on a year-over-year basis. During the same period last year, the firm posted $1.63 EPS. equities analysts expect that WellCare Health Plans, Inc. will post 8.44 earnings per share for the current year.

A number of equities research analysts have recently weighed in on WCG shares. BMO Capital Markets started coverage on shares of WellCare Health Plans in a report on Monday, October 16th. They issued an “outperform” rating and a $215.00 price objective on the stock. Cantor Fitzgerald restated a “buy” rating and issued a $195.00 price objective on shares of WellCare Health Plans in a report on Saturday, August 26th. Cowen started coverage on shares of WellCare Health Plans in a report on Monday, October 9th. They issued an “outperform” rating and a $200.00 price objective on the stock. ValuEngine lowered shares of WellCare Health Plans from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Finally, Deutsche Bank increased their target price on shares of WellCare Health Plans to $240.00 and gave the company a “buy” rating in a research report on Monday, November 20th. Eleven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. WellCare Health Plans presently has a consensus rating of “Hold” and a consensus target price of $200.20.

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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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Institutional Ownership by Quarter for WellCare Health Plans (NYSE:WCG)

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