Fuller & Thaler Asset Management Inc. increased its stake in Centene Corporation (NYSE:CNC) by 50.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,700 shares of the company’s stock after purchasing an additional 900 shares during the period. Fuller & Thaler Asset Management Inc.’s holdings in Centene were worth $261,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the stock. Louisiana State Employees Retirement System raised its position in shares of Centene by 0.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 10,700 shares of the company’s stock valued at $855,000 after acquiring an additional 100 shares during the last quarter. Aperio Group LLC raised its position in shares of Centene by 27.2% during the 2nd quarter. Aperio Group LLC now owns 56,889 shares of the company’s stock valued at $4,544,000 after acquiring an additional 12,177 shares during the last quarter. Breton Hill Capital Ltd. bought a new stake in shares of Centene during the 2nd quarter valued at $304,000. Russell Investments Group Ltd. raised its position in shares of Centene by 29.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 294,749 shares of the company’s stock valued at $23,554,000 after acquiring an additional 67,574 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new stake in shares of Centene during the 2nd quarter valued at $7,825,000. Hedge funds and other institutional investors own 93.70% of the company’s stock.
Several equities analysts have recently issued reports on CNC shares. Zacks Investment Research lowered shares of Centene from a “buy” rating to a “hold” rating in a report on Friday, August 4th. BidaskClub raised shares of Centene from a “hold” rating to a “buy” rating in a report on Thursday, August 24th. Piper Jaffray Companies reissued a “buy” rating and issued a $105.00 price target on shares of Centene in a report on Friday, September 1st. Cantor Fitzgerald boosted their price target on shares of Centene to $107.00 and gave the company an “overweight” rating in a report on Wednesday, September 13th. Finally, Cowen Inc reissued an “outperform” rating and issued a $105.00 price target (up previously from $77.00) on shares of Centene in a report on Wednesday, September 13th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. Centene presently has a consensus rating of “Buy” and a consensus price target of $99.11.
Shares of Centene Corporation (CNC) traded up $0.22 during midday trading on Monday, reaching $97.17. 408,900 shares of the company were exchanged, compared to its average volume of 1,689,254. The firm has a market cap of $16,810.00, a price-to-earnings ratio of 18.51, a PEG ratio of 1.48 and a beta of 0.67. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.99 and a current ratio of 0.99. Centene Corporation has a 12-month low of $54.40 and a 12-month high of $98.71.
Centene (NYSE:CNC) last announced its earnings results on Tuesday, October 24th. The company reported $1.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.11. The firm had revenue of $11.90 billion during the quarter, compared to analyst estimates of $11.75 billion. Centene had a net margin of 1.81% and a return on equity of 14.79%. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.12 EPS. analysts expect that Centene Corporation will post 4.98 earnings per share for the current fiscal year.
In related news, Director Robert K. Ditmore sold 4,167 shares of the company’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $90.42, for a total value of $376,780.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.00% of the stock is currently owned by corporate insiders.
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Centene Corporation is a healthcare company. The Company provides a portfolio of services to government sponsored healthcare programs, focusing on under-insured and uninsured individuals. The Company operates through two segments: Managed Care and Specialty Services. The Company’s Managed Care segment provides health plan coverage to individuals, through government subsidized programs, including Medicaid, the State Children’s Health Insurance Program (CHIP), Long Term Care, Foster Care, dual-eligible individuals (Duals) and the Supplemental Security Income Program, also known as the Aged, Blind or Disabled Program (ABD), Medicare, and Health Insurance Marketplace.
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