Notable Reporting: After Today’s Significant Increase, Is WellCare Health Plans, Inc.’s Near-Term Analysis Positive?

Notable Reporting: After Today's Significant Increase, Is WellCare Health Plans, Inc.'s Near Term Analysis Positive?

The stock of WellCare Health Plans, Inc. (NYSE:WCG) is a huge mover today! About 340,477 shares traded hands. WellCare Health Plans, Inc. (NYSE:WCG) has risen 36.17% since April 11, 2016 and is uptrending. It has outperformed by 30.02% the S&P500.
The move comes after 8 months positive chart setup for the $5.62 billion company. It was reported on Nov, 11 by Barchart.com. We have $171.19 PT which if reached, will make NYSE:WCG worth $2.14 billion more.

WellCare Health Plans, Inc. (NYSE:WCG) Ratings Coverage

Out of 7 analysts covering Wellcare Health Plans Inc. (NYSE:WCG), 2 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 29% are positive. Wellcare Health Plans Inc. has been the topic of 11 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The stock of WellCare Health Plans, Inc. (NYSE:WCG) earned “Buy” rating by Stifel Nicolaus on Thursday, November 5. Credit Suisse initiated WellCare Health Plans, Inc. (NYSE:WCG) on Wednesday, December 16 with “Underperform” rating. The rating was upgraded by Bank of America to “Neutral” on Monday, February 22. The rating was initiated by JP Morgan with “Neutral” on Wednesday, September 16. On Monday, February 22 the stock rating was upgraded by JP Morgan to “Overweight”. Cantor Fitzgerald maintained the shares of WCG in a report on Friday, June 24 with “Hold” rating. The firm earned “Buy” rating on Thursday, July 23 by TheStreet. The stock of WellCare Health Plans, Inc. (NYSE:WCG) earned “Neutral” rating by JP Morgan on Thursday, November 10.

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 2016 Q2. Its down 0.09, from 1.26 in 2016Q1. The ratio turned negative, 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.
Secor Cap Advsrs Ltd Partnership holds 0.1% of its portfolio in WellCare Health Plans, Inc. (NYSE:WCG) for 7,064 shares. Great Lakes Advsrs holds 0.01% or 2,031 shares in its portfolio. Jane Street Group Incorporated Ltd Com has 8,257 shares for 0% of their US portfolio. The Maryland-based Price T Rowe Associates Md has invested 0.09% in WellCare Health Plans, Inc. (NYSE:WCG). Convergence Invest Llc holds 0.38% of its portfolio in WellCare Health Plans, Inc. (NYSE:WCG) for 25,480 shares. Nomura Asset Mgmt Limited last reported 0% of its portfolio in the stock. Whittier Trust Of Nevada Inc holds 225 shares or 0% of its portfolio. California State Teachers Retirement System holds 0.02% of its portfolio in WellCare Health Plans, Inc. (NYSE:WCG) for 93,818 shares. Ahl Prtnrs Llp has 49,151 shares for 0.28% of their US portfolio. Teachers, a New York-based fund reported 519,291 shares. Us National Bank De holds 3,533 shares or 0% of its portfolio. The New York-based Laurion Lp has invested 0.16% in WellCare Health Plans, Inc. (NYSE:WCG). Aqr Cap Mngmt last reported 0.13% of its portfolio in the stock. State Of Wisconsin Board has invested 0.01% of its portfolio in WellCare Health Plans, Inc. (NYSE:WCG). Whittier Trust holds 0% of its portfolio in WellCare Health Plans, Inc. (NYSE:WCG) for 105 shares.

Insider Transactions: Since May 13, 2016, the stock had 0 insider buys, and 2 selling transactions for $1.25 million net activity. Anderson Lawrence sold 1,000 shares worth $93,045. 1,000 WellCare Health Plans, Inc. (NYSE:WCG) shares with value of $105,559 were sold by HICKEY KEVIN F. STEELE GLENN JR MD PHD also sold $1.15M worth of WellCare Health Plans, Inc. (NYSE:WCG) on Tuesday, August 16.

More notable recent WellCare Health Plans, Inc. (NYSE:WCG) news were published by: Prnewswire.com which released: “WellCare to Pilot In-Home Telemonitoring Program in Arkansas, Mississippi and …” on October 27, 2016, also Prnewswire.com with their article: “‘Ohana Health Plan Honors Outstanding Care Givers” published on October 28, 2016, Investorplace.com published: “Wellcare Health Plans, Inc. (WCG) Is Winning the Obamacare Battle” on August 19, 2016. More interesting news about WellCare Health Plans, Inc. (NYSE:WCG) were released by: Prnewswire.com and their article: “‘Ohana Health Plan Provides Kuhio Park Residents the Opportunity to Learn …” published on November 03, 2016 as well as Prnewswire.com‘s news article titled: “WellCare Names Elizabeth Miller State President, Florida” with publication date: October 13, 2016.

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.

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