KAMES CAPITAL plc trimmed its holdings in WellCare Health Plans, Inc. (NYSE:WCG) by 23.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,691 shares of the company’s stock after selling 1,713 shares during the period. KAMES CAPITAL plc’s holdings in WellCare Health Plans were worth $1,824,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of WCG. Harvest Fund Management Co. Ltd increased its position in WellCare Health Plans by 55.2% during the second quarter. Harvest Fund Management Co. Ltd now owns 512 shares of the company’s stock worth $126,000 after purchasing an additional 182 shares during the last quarter. Advisors Asset Management Inc. increased its position in WellCare Health Plans by 1.7% during the second quarter. Advisors Asset Management Inc. now owns 10,794 shares of the company’s stock worth $2,658,000 after purchasing an additional 182 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its position in WellCare Health Plans by 98.9% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 561 shares of the company’s stock worth $108,000 after purchasing an additional 279 shares during the last quarter. State Treasurer State of Michigan increased its position in shares of WellCare Health Plans by 1.9% during the second quarter. State Treasurer State of Michigan now owns 16,500 shares of the company’s stock valued at $4,063,000 after acquiring an additional 300 shares during the last quarter. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its position in shares of WellCare Health Plans by 0.6% during the second quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 46,900 shares of the company’s stock valued at $11,549,000 after acquiring an additional 300 shares during the last quarter. Institutional investors and hedge funds own 97.38% of the company’s stock.

NYSE WCG opened at $307.77 on Friday. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.44. WellCare Health Plans, Inc. has a one year low of $162.25 and a one year high of $324.99. The company has a market capitalization of $14.35 billion, a PE ratio of 36.12, a price-to-earnings-growth ratio of 1.92 and a beta of 1.02.

WellCare Health Plans (NYSE:WCG) last posted its quarterly earnings data on Tuesday, July 31st. The company reported $3.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.03 by $0.66. WellCare Health Plans had a net margin of 2.69% and a return on equity of 19.20%. The business had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.65 billion. During the same quarter last year, the firm posted $2.52 earnings per share. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. Equities research analysts anticipate that WellCare Health Plans, Inc. will post 10.85 earnings per share for the current year.

A number of equities research analysts have weighed in on WCG shares. SunTrust Banks lifted their price target on shares of WellCare Health Plans to $315.00 and gave the company a “buy” rating in a research report on Wednesday, August 1st. Wells Fargo & Co reiterated a “buy” rating on shares of WellCare Health Plans in a research report on Tuesday, July 31st. Bank of America lifted their price target on shares of WellCare Health Plans from $260.00 to $270.00 and gave the company a “buy” rating in a research report on Tuesday, July 24th. Argus lifted their price target on shares of WellCare Health Plans from $265.00 to $360.00 and gave the company a “buy” rating in a research report on Friday, August 31st. Finally, BMO Capital Markets set a $345.00 price target on shares of WellCare Health Plans and gave the company a “buy” rating in a research report on Friday, September 14th. Two equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $296.00.

WellCare Health Plans Profile

WellCare Health Plans, Inc provides managed care services for government-sponsored health care programs. It operates through three segments: Medicaid Health Plans, Medicare Health Plans, and Medicare PDPs. The Medicaid Health Plans segment offers plans for beneficiaries of temporary assistance for needy families, supplemental security income, and aged blind and disabled residents; and other state-based programs, such as children's health insurance programs and long-term services and supports for qualifying families who are not eligible for Medicaid.

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

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