Winnow Wealth LLC Sells 29,064 Shares of Centene Corporation $CNC

Winnow Wealth LLC lowered its holdings in Centene Corporation (NYSE:CNC) by 95.1% in the 4th quarter, Holdings Channel reports. The firm owned 1,503 shares of the company’s stock after selling 29,064 shares during the period. Winnow Wealth LLC’s holdings in Centene were worth $63,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CNC. Prime Capital Investment Advisors LLC grew its holdings in shares of Centene by 5.7% in the fourth quarter. Prime Capital Investment Advisors LLC now owns 5,975 shares of the company’s stock worth $246,000 after acquiring an additional 324 shares during the period. Burney Co. boosted its holdings in shares of Centene by 3.8% in the fourth quarter. Burney Co. now owns 9,053 shares of the company’s stock worth $373,000 after buying an additional 331 shares during the last quarter. Sapient Capital LLC grew its position in Centene by 4.0% during the fourth quarter. Sapient Capital LLC now owns 9,442 shares of the company’s stock valued at $389,000 after buying an additional 359 shares during the period. Snowden Capital Advisors LLC increased its holdings in Centene by 8.0% during the second quarter. Snowden Capital Advisors LLC now owns 5,073 shares of the company’s stock valued at $275,000 after buying an additional 374 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its position in Centene by 15.8% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,785 shares of the company’s stock worth $115,000 after acquiring an additional 379 shares during the period. Hedge funds and other institutional investors own 93.63% of the company’s stock.

Centene Trading Up 1.8%

Centene stock opened at $66.23 on Wednesday. Centene Corporation has a 1 year low of $25.08 and a 1 year high of $66.55. The firm’s 50 day moving average price is $49.52 and its 200-day moving average price is $43.77. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a market cap of $32.70 billion, a P/E ratio of -5.04, a PEG ratio of 0.51 and a beta of 1.09.

Centene (NYSE:CNC) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $3.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $47.53 billion. During the same period in the previous year, the firm posted $2.90 EPS. Centene’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, equities analysts predict that Centene Corporation will post 3.45 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Barclays boosted their price objective on Centene from $63.00 to $75.00 and gave the company an “overweight” rating in a research note on Tuesday, May 26th. Wells Fargo & Company lifted their price target on shares of Centene from $44.00 to $56.00 and gave the company an “equal weight” rating in a report on Friday, May 1st. Raymond James Financial set a $60.00 price target on shares of Centene in a research report on Wednesday, April 29th. Robert W. Baird raised their price objective on shares of Centene from $36.00 to $37.00 and gave the company a “neutral” rating in a research report on Wednesday, April 15th. Finally, Cantor Fitzgerald upgraded shares of Centene from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $41.00 to $60.00 in a research note on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $60.24.

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.