Rampart Investment Management Company LLC increased its stake in shares of Centene Corp (NYSE:CNC) by 54.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,122 shares of the company’s stock after buying an additional 4,259 shares during the period. Rampart Investment Management Company LLC’s holdings in Centene were worth $1,494,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Financial Gravity Wealth Inc. purchased a new stake in Centene during the first quarter worth about $114,000. IMA Wealth Inc. purchased a new stake in Centene during the second quarter worth about $124,000. Steward Partners Investment Advisory LLC boosted its holdings in Centene by 127.2% during the second quarter. Steward Partners Investment Advisory LLC now owns 1,254 shares of the company’s stock worth $155,000 after buying an additional 702 shares in the last quarter. Cerebellum GP LLC purchased a new stake in Centene during the second quarter worth about $180,000. Finally, CWM Advisors LLC purchased a new stake in Centene during the second quarter worth about $206,000. 90.07% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE CNC opened at $146.05 on Friday. Centene Corp has a 12-month low of $83.56 and a 12-month high of $148.24. The stock has a market capitalization of $29.83 billion, a price-to-earnings ratio of 23.10, a price-to-earnings-growth ratio of 1.40 and a beta of 0.85. The company has a current ratio of 1.25, a quick ratio of 1.26 and a debt-to-equity ratio of 0.59.

Centene (NYSE:CNC) last announced its quarterly earnings results on Tuesday, July 24th. The company reported $1.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.03. Centene had a net margin of 2.06% and a return on equity of 14.57%. The company had revenue of $14.18 billion for the quarter, compared to the consensus estimate of $13.82 billion. During the same quarter in the prior year, the firm earned $1.59 earnings per share. The company’s revenue for the quarter was up 18.6% compared to the same quarter last year. equities analysts predict that Centene Corp will post 7.08 EPS for the current fiscal year.

A number of research firms recently commented on CNC. Morgan Stanley boosted their price objective on shares of Centene from $138.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday. Credit Suisse Group boosted their price objective on shares of Centene from $134.00 to $152.00 and gave the stock a “neutral” rating in a report on Tuesday. Zacks Investment Research downgraded shares of Centene from a “buy” rating to a “hold” rating in a report on Thursday, August 9th. Piper Jaffray Companies reissued a “buy” rating and set a $152.00 price objective on shares of Centene in a report on Wednesday, July 25th. Finally, Cantor Fitzgerald boosted their price objective on shares of Centene from $135.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, July 25th. Four investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $142.41.

In other news, EVP Keith H. Williamson sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, June 11th. The shares were sold at an average price of $120.00, for a total value of $240,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Brandy Burkhalter sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, July 26th. The shares were sold at an average price of $131.90, for a total transaction of $395,700.00. The disclosure for this sale can be found here. Insiders sold 13,750 shares of company stock worth $1,785,800 in the last ninety days. Insiders own 3.00% of the company’s stock.

Centene Profile

Centene Corporation operates as a diversified and multi-national healthcare enterprise that provides programs and services to under-insured and uninsured individuals in the United States. It operates through two segments, Managed Care and Specialty Services. The Managed Care segment offers health plan coverage to individuals through government subsidized programs, including Medicaid, the State children's health insurance program, long-term care, foster care, and dual eligible individual, as well as aged, blind, or disabled programs.

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Institutional Ownership by Quarter for Centene (NYSE:CNC)

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