Great Lakes Advisors LLC grew its holdings in shares of Centene Corp (NYSE:CNC) by 84.8% in the 1st quarter, Holdings Channel reports. The fund owned 7,430 shares of the company’s stock after purchasing an additional 3,410 shares during the period. Great Lakes Advisors LLC’s holdings in Centene were worth $395,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Fiduciary Trust Co. raised its stake in Centene by 99.6% during the first quarter. Fiduciary Trust Co. now owns 35,674 shares of the company’s stock worth $1,894,000 after buying an additional 17,797 shares during the last quarter. TrinityPoint Wealth LLC raised its stake in Centene by 102.4% during the first quarter. TrinityPoint Wealth LLC now owns 4,221 shares of the company’s stock worth $224,000 after buying an additional 2,136 shares during the last quarter. Smith Moore & CO. raised its stake in Centene by 84.8% during the first quarter. Smith Moore & CO. now owns 10,459 shares of the company’s stock worth $555,000 after buying an additional 4,798 shares during the last quarter. ETF Managers Group LLC raised its stake in Centene by 122.6% during the first quarter. ETF Managers Group LLC now owns 2,678 shares of the company’s stock worth $142,000 after buying an additional 1,475 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund grew its holdings in Centene by 42.6% in the first quarter. Oregon Public Employees Retirement Fund now owns 121,035 shares of the company’s stock worth $6,427,000 after purchasing an additional 36,152 shares during the period. 64.80% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have commented on the stock. Zacks Investment Research cut shares of Centene from a “buy” rating to a “hold” rating in a report on Friday, May 17th. ValuEngine cut shares of Centene from a “sell” rating to a “strong sell” rating in a report on Thursday, April 18th. Cowen restated a “buy” rating and issued a $77.00 price target on shares of Centene in a report on Sunday, March 31st. Cantor Fitzgerald restated a “buy” rating and issued a $83.00 price target on shares of Centene in a report on Sunday, April 21st. Finally, Credit Suisse Group reduced their price target on shares of Centene from $76.00 to $63.00 and set a “neutral” rating for the company in a report on Friday, March 29th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. Centene currently has an average rating of “Buy” and an average price target of $75.80.

Shares of NYSE CNC opened at $56.87 on Friday. The stock has a market cap of $23.50 billion, a PE ratio of 16.06, a price-to-earnings-growth ratio of 0.97 and a beta of 1.21. Centene Corp has a 1 year low of $45.44 and a 1 year high of $74.49. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.58.

Centene (NYSE:CNC) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.07. The firm had revenue of $18.44 billion during the quarter, compared to analysts’ expectations of $17.44 billion. Centene had a net margin of 1.66% and a return on equity of 14.60%. The business’s revenue was up 39.8% on a year-over-year basis. During the same period last year, the company earned $2.17 earnings per share. As a group, research analysts anticipate that Centene Corp will post 4.38 EPS for the current fiscal 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. The company's Managed Care segment offers health plan coverage to individuals through government subsidized programs, including Medicaid, the State children's health insurance program, long-term services and support, foster care, and medicare-medicaid plans, which covers dually eligible individuals, as well as aged, blind, or disabled programs.

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Institutional Ownership by Quarter for Centene (NYSE:CNC)

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