QS Investors LLC trimmed its position in shares of WellCare Health Plans, Inc. (NYSE:WCG) by 8.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,305 shares of the company’s stock after selling 2,799 shares during the quarter. QS Investors LLC owned 0.06% of WellCare Health Plans worth $6,919,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. We Are One Seven LLC acquired a new position in shares of WellCare Health Plans during the fourth quarter worth about $27,000. Trust Co. of Vermont acquired a new position in shares of WellCare Health Plans during the fourth quarter worth about $27,000. Cornerstone Advisors Inc. increased its stake in shares of WellCare Health Plans by 1,425.0% during the fourth quarter. Cornerstone Advisors Inc. now owns 122 shares of the company’s stock worth $29,000 after acquiring an additional 114 shares during the period. Legacy Financial Advisors Inc. increased its stake in shares of WellCare Health Plans by 90.1% during the fourth quarter. Legacy Financial Advisors Inc. now owns 135 shares of the company’s stock worth $32,000 after acquiring an additional 64 shares during the period. Finally, Semmax Financial Advisors Inc. acquired a new position in shares of WellCare Health Plans during the fourth quarter worth about $34,000. Institutional investors and hedge funds own 98.49% of the company’s stock.

A number of research analysts have recently issued reports on the stock. BMO Capital Markets boosted their price target on shares of WellCare Health Plans to $330.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 6th. ValuEngine upgraded shares of WellCare Health Plans from a “hold” rating to a “buy” rating in a research report on Thursday, January 24th. Cowen initiated coverage on shares of WellCare Health Plans in a research report on Thursday, February 28th. They set an “outperform” rating on the stock. Stephens initiated coverage on shares of WellCare Health Plans in a research report on Monday, January 14th. They set an “overweight” rating and a $276.00 target price on the stock. Finally, Zacks Investment Research upgraded shares of WellCare Health Plans from a “hold” rating to a “buy” rating and set a $271.00 target price on the stock in a research report on Wednesday, December 12th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $306.43.

Shares of WCG opened at $240.08 on Friday. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.50. WellCare Health Plans, Inc. has a twelve month low of $188.32 and a twelve month high of $324.99. The stock has a market cap of $11.91 billion, a price-to-earnings ratio of 21.77, a P/E/G ratio of 1.11 and a beta of 1.23.

WellCare Health Plans (NYSE:WCG) last issued its earnings results on Tuesday, February 5th. The company reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.08. WellCare Health Plans had a net margin of 2.15% and a return on equity of 15.39%. The company had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.85 billion. During the same period in the prior year, the business posted $0.32 earnings per share. The firm’s revenue for the quarter was up 37.5% compared to the same quarter last year. Equities analysts anticipate that WellCare Health Plans, Inc. will post 13.59 EPS for the current year.

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About WellCare Health Plans

WellCare Health Plans, Inc provides government-sponsored managed care services. The company operates in three segments: Medicaid Health Plans, Medicare Health Plans, and Medicare Prescription Drug Plans (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 programs 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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