Aldebaran Financial Inc. bought a new position in Centene Corporation (NYSE:CNC) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 21,575 shares of the company’s stock, valued at approximately $2,088,000. Centene accounts for about 1.4% of Aldebaran Financial Inc.’s investment portfolio, making the stock its 25th largest holding.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CNC. Pura Vida Investments LLC acquired a new stake in shares of Centene during the 3rd quarter valued at $7,742,000. Cypress Capital Group lifted its position in shares of Centene by 9.1% during the 3rd quarter. Cypress Capital Group now owns 18,879 shares of the company’s stock valued at $1,827,000 after acquiring an additional 1,575 shares during the last quarter. IFM Investors Pty Ltd acquired a new stake in shares of Centene during the 3rd quarter valued at $469,000. Guardian Capital LP lifted its position in shares of Centene by 42.2% during the 3rd quarter. Guardian Capital LP now owns 4,593 shares of the company’s stock valued at $444,000 after acquiring an additional 1,362 shares during the last quarter. Finally, California Public Employees Retirement System lifted its position in shares of Centene by 4.8% during the 3rd quarter. California Public Employees Retirement System now owns 348,020 shares of the company’s stock valued at $33,678,000 after acquiring an additional 15,861 shares during the last quarter. Hedge funds and other institutional investors own 92.33% of the company’s stock.

In other news, Director Robert K. Ditmore sold 4,167 shares of the company’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $90.42, for a total value of $376,780.14. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.00% of the company’s stock.

Centene Corporation (NYSE CNC) opened at $101.19 on Thursday. Centene Corporation has a one year low of $54.40 and a one year high of $103.15. 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 firm has a market cap of $17,405.06, a price-to-earnings ratio of 19.21, a PEG ratio of 1.54 and a beta of 0.71.

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

A number of equities research analysts have recently commented on CNC shares. Cantor Fitzgerald reiterated a “buy” rating and set a $107.00 price objective on shares of Centene in a research report on Tuesday, October 24th. Cowen reiterated a “buy” rating and set a $115.00 price objective on shares of Centene in a research report on Tuesday, October 24th. Piper Jaffray Companies reissued a “buy” rating and set a $105.00 target price on shares of Centene in a research note on Friday, September 1st. BidaskClub raised shares of Centene from a “hold” rating to a “buy” rating in a research note on Thursday, August 24th. Finally, Jefferies Group boosted their target price on shares of Centene from $98.00 to $112.00 and gave the company a “buy” rating in a research note on Friday, October 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seventeen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $99.11.

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Centene 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 (NYSE:CNC)

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