New York State Teachers Retirement System Sells 40,220 Shares of Centene Corporation $CNC

New York State Teachers Retirement System cut its stake in Centene Corporation (NYSE:CNC) by 10.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 354,873 shares of the company’s stock after selling 40,220 shares during the quarter. New York State Teachers Retirement System owned 0.07% of Centene worth $14,603,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of CNC. UniSuper Management Pty Ltd raised its position in Centene by 66.0% in the 3rd quarter. UniSuper Management Pty Ltd now owns 85,232 shares of the company’s stock valued at $3,041,000 after buying an additional 33,875 shares during the last quarter. Oracle Investment Management Inc. purchased a new position in Centene during the 3rd quarter worth $3,936,000. Packer & Co Ltd bought a new stake in shares of Centene in the 3rd quarter worth $50,487,000. First Citizens Bank & Trust Co. raised its holdings in shares of Centene by 122.5% in the third quarter. First Citizens Bank & Trust Co. now owns 223,157 shares of the company’s stock valued at $7,962,000 after purchasing an additional 122,870 shares during the last quarter. Finally, ARGA Investment Management LP bought a new position in shares of Centene during the third quarter valued at about $21,485,000. Institutional investors own 93.63% of the company’s stock.

Centene Stock Up 0.1%

CNC opened at $53.37 on Monday. Centene Corporation has a twelve month low of $25.08 and a twelve month high of $64.15. The company’s 50-day moving average price is $38.91 and its two-hundred day moving average price is $39.49. The stock has a market cap of $26.36 billion, a price-to-earnings ratio of -4.06, a PEG ratio of 1.03 and a beta of 1.06. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.76.

Centene (NYSE:CNC) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $3.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.23 by $1.14. Centene had a negative net margin of 3.25% and a positive return on equity of 5.57%. The company had revenue of $49.94 billion during the quarter, compared to analyst estimates of $47.53 billion. During the same quarter last year, the business posted $2.90 EPS. Centene’s quarterly revenue was up 7.1% compared to the same quarter last year. As a group, equities analysts expect that Centene Corporation will post 3.46 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Argus raised shares of Centene to a “hold” rating in a research report on Monday, February 9th. JPMorgan Chase & Co. cut their target price on Centene from $45.00 to $41.00 and set a “neutral” rating on the stock in a research note on Thursday, March 19th. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $40.00 target price on shares of Centene in a report on Wednesday. Oppenheimer reaffirmed an “outperform” rating and set a $58.00 price target (up from $45.00) on shares of Centene in a research report on Wednesday. Finally, UBS Group boosted their price objective on Centene from $42.00 to $55.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Six research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Centene currently has an average rating of “Hold” and an average price target of $52.12.

Key Headlines Impacting Centene

Here are the key news stories impacting Centene this week:

• Positive Sentiment: Q1 results beat expectations: Centene reported stronger-than-expected EPS and raised its outlook, which supports margin improvement narratives that helped multiple brokers upgrade or re-assess the name. Read More.
• Positive Sentiment: Wall Street bullish notes: Truist reiterated a Buy rating and Cantor Fitzgerald upgraded the stock, signaling investor confidence from some major brokers. Read More. Read More.
• Positive Sentiment: Longer-term recovery thesis boosted: A Seeking Alpha piece highlights promising 2027 turnaround prospects and potential momentum reversal—supportive for investors focused on multi‑year recovery. Read More.
• Positive Sentiment: Wells Fargo raised its price target to $56 while keeping an Equal Weight view, indicating some upside in the broker community even as conviction is measured. Read More.
• Neutral Sentiment: Broker PTs raised but ratings cautious: Deutsche Bank, Mizuho and Morgan Stanley all lifted targets (to $53, $50 and $50 respectively) but maintained Hold/Neutral/Equal Weight stances — a modest vote of confidence that stops short of strong endorsement. Read More. Read More. Read More.
• Neutral Sentiment: Analysts’ opinions remain mixed overall — coverage notes a blend of upgrades and cautious takes, keeping sentiment balanced rather than uniformly positive. Read More.
• Negative Sentiment: Lower consensus price target: A brokerage consensus report shows a $42 average target — well below current levels — which could cap upside if that view gains traction. Read More.
• Negative Sentiment: Execution concerns flagged: A Seeking Alpha commentary warns that further upside will require better operational execution, a caution investors may lean on after recent volatility. Read More.

Centene Company Profile

Centene Corporation (NYSE: CNC) is a diversified, multi-national healthcare enterprise that specializes in providing services to government-sponsored and national health programs. The company primarily acts as a managed care organization, delivering healthcare coverage and administering benefits for Medicaid, the Children’s Health Insurance Program (CHIP), Medicare Advantage, and individual marketplace plans. Centene also contracts with federal and state agencies to manage specialty care programs and community-based services for vulnerable populations.

Centene’s offerings extend beyond traditional insurance to include a range of specialty and support services.