Integrated Investment Consultants LLC Takes Position in Centene Co. (NYSE:CNC)

Integrated Investment Consultants LLC bought a new stake in Centene Co. (NYSE:CNC) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 12,066 shares of the company’s stock, valued at approximately $908,000.

Several other institutional investors have also modified their holdings of the stock. EP Wealth Advisors LLC grew its position in shares of Centene by 1.0% in the first quarter. EP Wealth Advisors LLC now owns 13,604 shares of the company’s stock valued at $1,068,000 after purchasing an additional 133 shares during the period. WR Wealth Planners LLC boosted its position in Centene by 41.4% during the second quarter. WR Wealth Planners LLC now owns 468 shares of the company’s stock worth $31,000 after acquiring an additional 137 shares during the last quarter. Whittier Trust Co. boosted its position in Centene by 10.0% during the second quarter. Whittier Trust Co. now owns 1,562 shares of the company’s stock worth $104,000 after acquiring an additional 142 shares during the last quarter. Mount Yale Investment Advisors LLC boosted its position in Centene by 2.1% during the third quarter. Mount Yale Investment Advisors LLC now owns 8,082 shares of the company’s stock worth $608,000 after acquiring an additional 167 shares during the last quarter. Finally, Meridian Management Co. boosted its position in Centene by 0.3% during the second quarter. Meridian Management Co. now owns 64,721 shares of the company’s stock worth $4,291,000 after acquiring an additional 189 shares during the last quarter. Institutional investors and hedge funds own 93.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on CNC shares. Stephens reiterated an “equal weight” rating and issued a $78.00 target price on shares of Centene in a report on Monday, August 5th. Wells Fargo & Company decreased their target price on shares of Centene from $91.00 to $90.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. TD Cowen boosted their price target on shares of Centene from $80.00 to $89.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Centene from $82.00 to $87.00 and gave the company a “hold” rating in a research note on Friday, August 2nd. Finally, Sanford C. Bernstein reduced their price target on shares of Centene from $96.00 to $88.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 30th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.92.

Centene Trading Up 2.0 %

NYSE CNC opened at $60.30 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.64. Centene Co. has a 52 week low of $57.20 and a 52 week high of $81.42. The stock has a market capitalization of $30.44 billion, a PE ratio of 10.47, a price-to-earnings-growth ratio of 0.79 and a beta of 0.49. The firm has a 50 day moving average of $66.98 and a two-hundred day moving average of $70.60.

Insiders Place Their Bets

In other Centene news, CEO Sarah London purchased 4,117 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was purchased at an average price of $60.80 per share, for a total transaction of $250,313.60. Following the purchase, the chief executive officer now directly owns 667,229 shares in the company, valued at approximately $40,567,523.20. This trade represents a 0.62 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Andrew Lynn Asher purchased 17,200 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were acquired at an average price of $58.14 per share, with a total value of $1,000,008.00. Following the purchase, the chief financial officer now owns 486,847 shares in the company, valued at $28,305,284.58. This trade represents a 3.66 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.33% of the stock is currently owned by company insiders.

About Centene

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.