Epoch Investment Partners Inc. lowered its stake in shares of Centene Corp (NYSE:CNC) by 14.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,037,648 shares of the company’s stock after selling 173,615 shares during the quarter. Epoch Investment Partners Inc. owned about 0.51% of Centene worth $150,231,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. FNY Investment Advisers LLC bought a new stake in Centene during the third quarter worth $106,000. Fort L.P. bought a new stake in Centene during the second quarter worth $122,000. Cornerstone Wealth Management LLC bought a new stake in Centene during the second quarter worth $157,000. TRUE Private Wealth Advisors bought a new stake in Centene during the third quarter worth $173,000. Finally, Wetherby Asset Management Inc. bought a new stake in Centene during the third quarter worth $200,000. 88.88% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Robert K. Ditmore sold 15,000 shares of the stock in a transaction on Monday, September 10th. The stock was sold at an average price of $145.06, for a total value of $2,175,900.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Keith H. Williamson sold 2,000 shares of the stock in a transaction on Friday, September 28th. The shares were sold at an average price of $145.00, for a total value of $290,000.00. The disclosure for this sale can be found here. Insiders sold a total of 35,800 shares of company stock valued at $4,957,590 over the last quarter. 3.00% of the stock is owned by corporate insiders.

Several equities research analysts have weighed in on the company. Credit Suisse Group upped their target price on Centene from $134.00 to $152.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 4th. MED upped their target price on Centene from $146.00 to $158.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 2nd. Zacks Investment Research upgraded Centene from a “hold” rating to a “buy” rating and set a $152.00 target price for the company in a research note on Wednesday, August 8th. Oppenheimer upped their target price on Centene from $146.00 to $158.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 2nd. Finally, Leerink Swann upgraded Centene from a “market perform” rating to an “outperform” rating and set a $159.68 target price for the company in a research note on Wednesday, October 24th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $151.67.

Shares of CNC opened at $142.18 on Thursday. Centene Corp has a 52 week low of $94.69 and a 52 week high of $148.98. The firm has a market capitalization of $29.20 billion, a PE ratio of 28.27, a PEG ratio of 1.34 and a beta of 1.06. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.03 and a quick ratio of 1.03.

Centene (NYSE:CNC) last announced its quarterly earnings results on Tuesday, October 23rd. The company reported $1.79 EPS for the quarter, beating the Zacks’ consensus estimate of $1.77 by $0.02. Centene had a return on equity of 14.42% and a net margin of 1.58%. The company had revenue of $16.18 billion during the quarter, compared to analysts’ expectations of $15.93 billion. During the same period in the prior year, the company earned $1.35 EPS. Centene’s revenue was up 36.0% compared to the same quarter last year. As a group, analysts expect that Centene Corp will post 7.05 EPS for the current year.

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About Centene

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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