Candriam Luxembourg S.C.A. Takes $515,000 Position in WellCare Health Plans, Inc. (NYSE:WCG)

Candriam Luxembourg S.C.A. acquired a new stake in shares of WellCare Health Plans, Inc. (NYSE:WCG) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,000 shares of the company’s stock, valued at approximately $515,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. American Century Companies Inc. lifted its stake in shares of WellCare Health Plans by 60.1% during the third quarter. American Century Companies Inc. now owns 594,925 shares of the company’s stock valued at $102,172,000 after buying an additional 223,364 shares during the period. Stevens Capital Management LP increased its position in WellCare Health Plans by 58.5% during the third quarter. Stevens Capital Management LP now owns 24,350 shares of the company’s stock worth $4,182,000 after purchasing an additional 8,986 shares during the last quarter. Old Mutual Global Investors UK Ltd. increased its position in WellCare Health Plans by 426.7% during the third quarter. Old Mutual Global Investors UK Ltd. now owns 124,811 shares of the company’s stock worth $21,435,000 after purchasing an additional 101,114 shares during the last quarter. State Board of Administration of Florida Retirement System increased its position in WellCare Health Plans by 6.9% during the third quarter. State Board of Administration of Florida Retirement System now owns 59,647 shares of the company’s stock worth $10,244,000 after purchasing an additional 3,846 shares during the last quarter. Finally, Wedge Capital Management L L P NC increased its position in WellCare Health Plans by 15.5% during the third quarter. Wedge Capital Management L L P NC now owns 7,776 shares of the company’s stock worth $1,335,000 after purchasing an additional 1,042 shares during the last quarter. 99.91% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Carol Burt sold 997 shares of WellCare Health Plans stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $202.20, for a total value of $201,593.40. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Kenneth A. Burdick sold 8,500 shares of WellCare Health Plans stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $174.24, for a total transaction of $1,481,040.00. Following the completion of the transaction, the chief executive officer now directly owns 23,627 shares in the company, valued at approximately $4,116,768.48. The disclosure for this sale can be found here. 0.47% of the stock is currently owned by company insiders.

WCG has been the subject of several research analyst reports. Zacks Investment Research raised shares of WellCare Health Plans from a “hold” rating to a “buy” rating and set a $221.00 price target for the company in a research report on Thursday, November 2nd. Piper Jaffray Companies reissued a “buy” rating and issued a $214.00 price objective on shares of WellCare Health Plans in a research report on Wednesday, November 1st. ValuEngine raised shares of WellCare Health Plans from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Cantor Fitzgerald reissued a “buy” rating and issued a $195.00 price objective on shares of WellCare Health Plans in a research report on Saturday, August 26th. Finally, Deutsche Bank increased their price objective on shares of WellCare Health Plans to $240.00 and gave the stock a “buy” rating in a research report on Monday, November 20th. Eleven analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. WellCare Health Plans currently has a consensus rating of “Hold” and a consensus target price of $200.20.

WellCare Health Plans, Inc. (WCG) traded up $0.67 during trading on Wednesday, hitting $207.47. 485,220 shares of the stock were exchanged, compared to its average volume of 363,564. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.28 and a current ratio of 1.28. WellCare Health Plans, Inc. has a one year low of $133.21 and a one year high of $213.97. The company has a market cap of $9,048.12, a P/E ratio of 22.00, a P/E/G ratio of 1.57 and a beta of 0.82.

WellCare Health Plans (NYSE:WCG) last issued its quarterly earnings data on Tuesday, October 31st. The company reported $4.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.90 by $2.18. The firm had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.37 billion. WellCare Health Plans had a net margin of 2.21% and a return on equity of 19.42%. WellCare Health Plans’s quarterly revenue was up 22.8% compared to the same quarter last year. During the same period last year, the firm posted $1.63 EPS. equities analysts expect that WellCare Health Plans, Inc. will post 8.44 EPS for the current year.

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WellCare Health Plans Company Profile

WellCare Health Plans, Inc is a managed care company. The Company focuses on government-sponsored managed care services, primarily through Medicaid, Medicare Advantage (MA) and Medicare Prescription Drug Plans (PDPs), to families, children, seniors and individuals with medical needs. The Company operates through three segments: Medicaid Health Plans, Medicare Health Plans and Medicare PDPs.

Institutional Ownership by Quarter for WellCare Health Plans (NYSE:WCG)

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