The stock of Centene Corp (NYSE:CNC) is a huge mover today! About 794,418 shares traded hands. Centene Corp (NYSE:CNC) has risen 1.62% since April 5, 2016 and is uptrending. It has underperformed by 0.34% the S&P500.
The move comes after 9 months positive chart setup for the $11.10B company. It was reported on Nov, 7 by Barchart.com. We have $105.70 PT which if reached, will make NYSE:CNC worth $6.66 billion more.
Centene Corp (NYSE:CNC) Ratings Coverage
Out of 12 analysts covering Centene Corporation (NYSE:CNC), 9 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 75% are positive. Centene Corporation has been the topic of 16 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The firm earned “Mkt Perform” rating on Tuesday, September 6 by Leerink Swann. On Wednesday, December 16 the stock rating was initiated by Credit Suisse with “Outperform”. The rating was maintained by Barclays Capital on Wednesday, January 6 with “Equal-Weight”. Evercore initiated the shares of CNC in a report on Friday, September 23 with “Buy” rating. On Monday, April 25 the stock rating was initiated by Cowen & Co with “Outperform”. The rating was maintained by Credit Suisse with “Outperform” on Wednesday, October 5. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, May 26. The rating was downgraded by Goldman Sachs to “Sell” on Wednesday, July 22. Bernstein initiated the shares of CNC in a report on Thursday, June 16 with “Market Perform” rating. The rating was maintained by Jefferies with “Buy” on Wednesday, July 27.
According to Zacks Investment Research, “Centene Corporation provides managed care programs and related services to individuals receiving benefits under Medicaid, including Supplemental Security Income, and the State Children’s Health Insurance Program.”
Insitutional Activity: The institutional sentiment decreased to 0.83 in Q2 2016. Its down 1.08, from 1.91 in 2016Q1. The ratio dropped, as 77 funds sold all Centene Corp shares owned while 185 reduced positions. 64 funds bought stakes while 154 increased positions. They now own 147.39 million shares or 7.12% less from 158.68 million shares in 2016Q1.
Lpl Financial Limited Liability reported 50,093 shares or 0.03% of all its holdings. Plante Moran Advisors Ltd Liability Co has 0.03% invested in the company for 600 shares. Pacad Investment has 0.06% invested in the company for 6,000 shares. Allianz Asset Mngmt Ag accumulated 0.01% or 224,203 shares. Rhumbline Advisers reported 263,257 shares or 0.06% of all its holdings. Tru Department Mb Fin Savings Bank N A last reported 0% of its portfolio in the stock. Oregon Employees Retirement Fund has 31,260 shares for 0.05% of their US portfolio. Polar Cap Llp has 307,502 shares for 0.41% of their US portfolio. The Pennsylvania-based Twin Cap has invested 0.1% in Centene Corp (NYSE:CNC). Art Advsr Limited Liability Com has 43,478 shares for 0.15% of their US portfolio. Epoch Prtn holds 0.01% or 44,610 shares in its portfolio. Next Century Growth Invsts Limited Liability Com has invested 0.99% of its portfolio in Centene Corp (NYSE:CNC). Capstone Asset Mgmt Com has 0.07% invested in the company for 31,957 shares. New York State Common Retirement Fund holds 907,245 shares or 0.09% of its portfolio. Clinton Group Incorporated reported 21,029 shares or 0.07% of all its holdings.
Insider Transactions: Since June 6, 2016, the stock had 1 insider purchase, and 5 sales for $2.83 million net activity. 6,000 Centene Corp (NYSE:CNC) shares with value of $426,000 were sold by Baldwin Kenneth Rone. 15,910 shares were sold by GEPHARDT Richard A, worth $1.10M. GOLDMAN CAROL sold 10,000 shares worth $663,600. DITMORE ROBERT K bought 150 shares worth $10,050. Another trade for 3,914 shares valued at $254,449 was made by BROOKS MARK J on Monday, June 6.
More news for Centene Corp (NYSE:CNC) were recently published by: Forbes.com, which released: “Despite Obamacare Woes, Centene Grows From Medicaid Expansion” on October 25, 2016. Prnewswire.com‘s article titled: “Centene Corporation Announces Successful Award Of Expanded, Statewide Managed …” and published on October 18, 2016 is yet another important article.
CNC Company Profile
Centene Corporation, incorporated on September 26, 2001, is a diversified healthcare firm that provides programs and services to government sponsored healthcare programs. The Firm offers member-focused services by assisting in accessing care, coordinating referrals to related health and social services, and addressing member concerns and questions. It also provides education and outreach programs to inform and assist members in accessing appropriate healthcare services. The Firm operates through two divisions: Managed Care and Specialty Services. The Managed Care segment consists of the Company’s health plans, including all of the functions needed to operate them. The Specialty Services segment consists of the Company’s specialty companies offering auxiliary healthcare services and products.
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