In today’s session WellCare Health Plans, Inc. (WCG) recorded an unusually high (337) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the March, 2017 put, expecting serious WCG decrease. With 337 contracts traded and 354 open interest for the Mar, 17 contract, it seems this is a quite bearish bet. The option with symbol: WCG170317P00120000 closed last at: $9.3 or 15.5% down. About 113,512 shares traded hands. WellCare Health Plans, Inc. (NYSE:WCG) has risen 34.74% since April 12, 2016 and is uptrending. It has outperformed by 29.76% the S&P500.
WellCare Health Plans, Inc. (NYSE:WCG) Ratings Coverage
Out of 7 analysts covering Wellcare Health Plans Inc. (NYSE:WCG), 2 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 29% are positive. $105 is the highest target while $85 is the lowest. The $95 average target is -23.62% below today’s ($124.37) stock price. Wellcare Health Plans Inc. has been the topic of 12 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The company was upgraded on Friday, November 11 by Credit Suisse. The rating was upgraded by Bank of America to “Neutral” on Monday, February 22. The stock of WellCare Health Plans, Inc. (NYSE:WCG) has “Neutral” rating given on Thursday, November 10 by JP Morgan. Cantor Fitzgerald maintained WellCare Health Plans, Inc. (NYSE:WCG) on Friday, June 24 with “Hold” rating. The stock of WellCare Health Plans, Inc. (NYSE:WCG) has “Buy” rating given on Thursday, November 5 by Stifel Nicolaus. The stock has “Overweight” rating given by JP Morgan on Monday, February 22. The rating was initiated by Credit Suisse with “Underperform” on Wednesday, December 16. The firm has “Buy” rating given on Thursday, July 23 by TheStreet. The firm has “Neutral” rating given on Wednesday, September 16 by JP Morgan.
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 fall, 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.
Emerald Mutual Fund Advisers Tru accumulated 0.77% or 128,604 shares. Sg Americas Secs Lc holds 0.01% or 16,164 shares in its portfolio. Prudential Financial Inc last reported 392,909 shares in the company. Balyasny Asset Limited holds 0.09% of its portfolio in WellCare Health Plans, Inc. (NYSE:WCG) for 135,000 shares. Tdam Usa Incorporated last reported 12,221 shares in the company. Great Lakes Advsrs Limited Liability Company last reported 2,031 shares in the company. Sawgrass Asset Lc has 11,930 shares for 0.06% of their US portfolio. Asset Mngmt has 0% invested in the company for 1,529 shares. Moreover, Hotchkis & Wiley Capital Mgmt Limited Liability Company has 0.01% invested in WellCare Health Plans, Inc. (NYSE:WCG) for 32,421 shares. Capstone Advsrs Ltd Co reported 7,872 shares or 0.02% of all its holdings. Orbimed Advsrs Lc has invested 2.15% of its portfolio in WellCare Health Plans, Inc. (NYSE:WCG). Prescott Gp Capital Management Limited Liability Corporation owns 81,043 shares or 2.09% of their US portfolio. Bluemountain Cap Mngmt Ltd Liability has invested 0.05% of its portfolio in WellCare Health Plans, Inc. (NYSE:WCG). Rs Inv Mngmt Comm Ltd Liability holds 0.35% or 321,285 shares in its portfolio. Par Capital Management Inc reported 973,701 shares or 1.73% of all its holdings.
Insider Transactions: Since June 15, 2016, the stock had 0 insider buys, and 2 selling transactions for $1.25 million net activity. Another trade for 10,000 shares valued at $1.15M was sold by STEELE GLENN JR MD PHD. $105,559 worth of shares were sold by HICKEY KEVIN F on Wednesday, June 15.
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 $5.56 billion. The Company’s divisions include Medicaid Health Plans, Medicare Health Plans and Medicare PDPs. It has a 26.46 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 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 Investorplace.com with their article: “Wellcare Health Plans, Inc. (WCG) Is Winning the Obamacare Battle” published on August 19, 2016, Prnewswire.com published: “‘Ohana Health Plan Provides Kuhio Park Residents the Opportunity to Learn …” on November 03, 2016. More interesting news about WellCare Health Plans, Inc. (NYSE:WCG) were released by: Prnewswire.com and their article: “WellCare Health Plans of New Jersey Offers 2017 Medicare Advantage Options to …” published on October 26, 2016 as well as Prnewswire.com‘s news article titled: “WellCare Names Elizabeth Miller State President, Florida” with publication date: October 13, 2016.
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