Centene Co. (NYSE:CNC) Shares Bought by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC grew its holdings in Centene Co. (NYSE:CNC) by 25.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,585 shares of the company’s stock after acquiring an additional 325 shares during the period. EverSource Wealth Advisors LLC’s holdings in Centene were worth $96,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of CNC. Stratos Wealth Partners LTD. boosted its stake in shares of Centene by 4.1% in the 4th quarter. Stratos Wealth Partners LTD. now owns 4,094 shares of the company’s stock valued at $248,000 after buying an additional 163 shares during the period. Capital Advisors Ltd. LLC lifted its stake in Centene by 75.3% in the fourth quarter. Capital Advisors Ltd. LLC now owns 412 shares of the company’s stock worth $25,000 after acquiring an additional 177 shares during the last quarter. Private Trust Co. NA increased its position in shares of Centene by 23.7% in the 4th quarter. Private Trust Co. NA now owns 956 shares of the company’s stock valued at $58,000 after purchasing an additional 183 shares during the last quarter. Howard Capital Management Inc. lifted its position in shares of Centene by 5.4% during the 4th quarter. Howard Capital Management Inc. now owns 3,591 shares of the company’s stock worth $218,000 after purchasing an additional 184 shares during the last quarter. Finally, Intellectus Partners LLC increased its holdings in shares of Centene by 2.8% in the 4th quarter. Intellectus Partners LLC now owns 7,224 shares of the company’s stock valued at $438,000 after acquiring an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 93.63% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on CNC shares. Barclays boosted their target price on Centene from $91.00 to $93.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Wells Fargo & Company reduced their price target on shares of Centene from $76.00 to $72.00 and set an “overweight” rating for the company in a research report on Friday, February 14th. StockNews.com downgraded shares of Centene from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 6th. Oppenheimer dropped their price objective on shares of Centene from $95.00 to $85.00 and set an “outperform” rating on the stock in a research note on Friday, December 13th. Finally, Argus lowered Centene from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $79.92.

Centene Stock Performance

Shares of CNC opened at $59.61 on Wednesday. The company has a 50-day moving average of $60.47 and a two-hundred day moving average of $63.46. The stock has a market cap of $29.57 billion, a P/E ratio of 9.55, a PEG ratio of 0.80 and a beta of 0.40. Centene Co. has a 12-month low of $55.03 and a 12-month high of $80.59. The company has a current ratio of 1.11, a quick ratio of 1.10 and a debt-to-equity ratio of 0.70.

Centene (NYSE:CNC) last posted its earnings results on Tuesday, February 4th. The company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.31. The firm had revenue of $40.81 billion for the quarter, compared to analyst estimates of $38.78 billion. Centene had a return on equity of 13.85% and a net margin of 2.03%. Centene’s revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.45 EPS. As a group, research analysts predict that Centene Co. will post 6.86 EPS for the current fiscal year.

Centene Profile

Centene Corporation operates as a healthcare enterprise that provides programs and services to under-insured and uninsured families, commercial organizations, and military families in the United States. The company operates through Medicaid, Medicare, Commercial, and Other segments. The Medicaid segment offers health plan coverage, including medicaid expansion, aged, blind, disabled, children’s health insurance program, foster care, medicare-medicaid plans, long-term services and support.