In today’s session WellCare Health Plans, Inc. (WCG) registered an unusually high (260) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious WCG increase. With 260 contracts traded and 534 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: WCG161118C00125000 closed last at: $1 or 20% down. About 969,692 shares traded hands or 150.57% up from the average. WellCare Health Plans, Inc. (NYSE:WCG) has risen 30.89% since March 31, 2016 and is uptrending. It has outperformed by 28.37% the S&P500.
WellCare Health Plans, Inc. (NYSE:WCG) Ratings Coverage
Out of 7 analysts covering Wellcare Health Plans Inc. (NYSE:WCG), 3 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 43% are positive. Wellcare Health Plans Inc. has been the topic of 10 analyst reports since July 23, 2015 according to StockzIntelligence Inc. Credit Suisse initiated WellCare Health Plans, Inc. (NYSE:WCG) on Wednesday, December 16 with “Underperform” rating. JP Morgan initiated the stock with “Neutral” rating in Wednesday, September 16 report. The stock has “Overweight” rating given by JP Morgan on Monday, February 22. TheStreet upgraded the shares of WCG in a report on Thursday, July 23 to “Buy” rating. As per Friday, June 24, the company rating was maintained by Cantor Fitzgerald. The company was maintained on Thursday, November 5 by Stifel Nicolaus. The firm earned “Neutral” rating on Monday, February 22 by Bank of America.
According to Zacks Investment Research, “WellCare Health Plans, Inc. provides managed care services targeted exclusively to government-sponsored healthcare programs, focusing on Medicaid and Medicare. WellCare provides high-quality, affordable healthcare services to members in Florida, New York, Connecticut, Illinois and Indiana.”
Insitutional Activity: The institutional sentiment decreased to 1.17 in Q2 2016. Its down 0.09, from 1.26 in 2016Q1. The ratio dropped, as 26 funds sold all WellCare Health Plans, Inc. shares owned while 89 reduced positions. 50 funds bought stakes while 84 increased positions. They now own 44.20 million shares or 13.26% less from 50.96 million shares in 2016Q1.
Envestnet Asset Mngmt Incorporated reported 1,437 shares or 0% of all its holdings. Principal Financial Incorporated has invested 0.03% of its portfolio in WellCare Health Plans, Inc. (NYSE:WCG). State Board Of Administration Of Florida Retirement reported 56,134 shares or 0.02% of all its holdings. Point72 Asset Management Lp holds 0.1% of its portfolio in WellCare Health Plans, Inc. (NYSE:WCG) for 131,000 shares. Nuveen Asset Mgmt Ltd Co has 0.01% invested in the company for 17,721 shares. Emerald Advisers Pa, a Pennsylvania-based fund reported 138,424 shares. Blackrock Inc reported 43,867 shares or 0.01% of all its holdings. Blackrock Fund Advisors, a California-based fund reported 1.68M shares. Etrade Mngmt last reported 5,556 shares in the company. 1832 Asset Limited Partnership holds 13,700 shares or 0.01% of its portfolio. Blackrock Institutional Na has 1.32 million shares for 0.02% of their US portfolio. Orbimed Advsrs has 2.15% invested in the company for 1.92M shares. Retirement Of Alabama accumulated 139,983 shares or 0.09% of the stock. Bluemountain Capital Mgmt Lc has 19,556 shares for 0.05% of their US portfolio. New York Life Company owns 883 shares or 0.46% of their US portfolio.
Insider Transactions: Since May 4, 2016, the stock had 0 insider purchases, and 3 insider sales for $1.35 million net activity. The insider Anderson Lawrence sold 1,000 shares worth $93,045. On Wednesday, June 15 HICKEY KEVIN F sold $105,559 worth of the stock or 1,000 shares. $198,385 worth of shares were sold by Graham Daniel Robert on Wednesday, May 4. 10,000 shares with value of $1.15M were sold by STEELE GLENN JR MD PHD on Tuesday, August 16.
WellCare Health Plans, Inc. is a managed care firm focused on government-sponsored managed care services, primarily through Medicaid, Medicare Advantage and Medicare Prescription Drug Plans (PDPs) to families, children, seniors and individuals with complex medical needs. The company has a market cap of $5.94 billion. The Company’s divisions include Medicaid Health Plans, Medicare Health Plans and Medicare PDPs. It has a 31.49 P/E ratio. The Medicaid Health Plans segment includes plans for beneficiaries of Temporary Assistance for Needy Families, Supplemental Security Income, Aged Blind and Disabled and other state programs, such as Children’s Health Insurance Program and Managed Long-Term Care programs.
WCG Company Profile
WellCare Health Plans, Inc., incorporated on February 5, 2004, is a managed care firm focused on government-sponsored managed care services, primarily through Medicaid, Medicare Advantage (MA) and Medicare Prescription Drug Plans (PDPs) to families, children, seniors and individuals with complex medical needs. The Company’s divisions include Medicaid Health Plans, Medicare Health Plans and Medicare PDPs. The Firm serves approximately 3.8 million members in approximately 50 states and the District of Columbia. The Company, through its contracts with approximately 224,000 health care providers and 71,000 pharmacies, provides its members with access to medically necessary services. The Company’s contracted providers deliver a range of services to its members, including primary and specialty physician care; laboratory and imaging services; inpatient, outpatient, home health and skilled facility care; medication and injectable drug therapy; ancillary services; durable medical equipment and related services; mental health and chemical dependency counseling and treatment; transportation, and dental, hearing and vision care.
More recent WellCare Health Plans, Inc. (NYSE:WCG) news were published by: Benzinga.com which released: “Stocks Hitting 52-Week Highs” on November 02, 2016. Also Prnewswire.com published the news titled: “WellCare Health Plans of New Jersey Offers 2017 Medicare Advantage Options to …” on October 26, 2016. Prnewswire.com‘s news article titled: “WellCare Names Elizabeth Miller State President, Florida” with publication date: October 13, 2016 was also an interesting one.
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