Court Place Advisors LLC Sells 200 Shares of Centene Co. (NYSE:CNC)

Court Place Advisors LLC lowered its stake in Centene Co. (NYSE:CNC) by 5.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,300 shares of the company’s stock after selling 200 shares during the quarter. Court Place Advisors LLC’s holdings in Centene were worth $248,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in CNC. Park Place Capital Corp boosted its position in shares of Centene by 1,190.0% in the third quarter. Park Place Capital Corp now owns 387 shares of the company’s stock worth $29,000 after purchasing an additional 357 shares during the period. WR Wealth Planners LLC increased its stake in Centene by 41.4% in the 2nd quarter. WR Wealth Planners LLC now owns 468 shares of the company’s stock worth $31,000 after buying an additional 137 shares in the last quarter. Chris Bulman Inc bought a new stake in Centene during the second quarter valued at about $33,000. Riverview Trust Co lifted its position in shares of Centene by 154.6% in the second quarter. Riverview Trust Co now owns 527 shares of the company’s stock valued at $35,000 after acquiring an additional 320 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Centene in the second quarter worth about $36,000. 93.63% of the stock is currently owned by institutional investors.

Centene Trading Up 11.1 %

Shares of NYSE:CNC traded up $6.87 during trading on Friday, hitting $68.49. The company had a trading volume of 3,371,439 shares, compared to its average volume of 3,752,611. The stock has a market cap of $36.55 billion, a price-to-earnings ratio of 13.74, a price-to-earnings-growth ratio of 0.98 and a beta of 0.48. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.17 and a quick ratio of 1.17. The company has a fifty day simple moving average of $73.50 and a two-hundred day simple moving average of $72.45. Centene Co. has a one year low of $59.77 and a one year high of $81.42.

Centene (NYSE:CNC) last posted its quarterly earnings data on Friday, July 26th. The company reported $2.42 EPS for the quarter, missing the consensus estimate of $2.44 by ($0.02). Centene had a return on equity of 14.45% and a net margin of 1.79%. The firm had revenue of $39.84 billion for the quarter, compared to analysts’ expectations of $36.83 billion. During the same period in the previous year, the firm earned $2.10 earnings per share. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. As a group, equities analysts forecast that Centene Co. will post 6.8 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CNC. Stephens reissued an “equal weight” rating and issued a $78.00 price target on shares of Centene in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Centene from $82.00 to $87.00 and gave the stock a “hold” rating in a report on Friday, August 2nd. Truist Financial cut their target price on shares of Centene from $92.00 to $89.00 and set a “buy” rating for the company in a research note on Monday, July 15th. TD Cowen increased their price objective on shares of Centene from $80.00 to $89.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Finally, Robert W. Baird reduced their target price on Centene from $83.00 to $66.00 and set a “neutral” rating on the stock in a report on Friday. Seven research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $84.17.

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.