Crossmark Global Holdings Inc. cut its holdings in WellCare Health Plans, Inc. (NYSE:WCG) by 21.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,071 shares of the company’s stock after selling 1,693 shares during the period. Crossmark Global Holdings Inc.’s holdings in WellCare Health Plans were worth $1,221,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Fuller & Thaler Asset Management Inc. bought a new stake in WellCare Health Plans in the third quarter worth $103,000. Bessemer Group Inc. lifted its stake in WellCare Health Plans by 593.2% in the fourth quarter. Bessemer Group Inc. now owns 818 shares of the company’s stock worth $165,000 after purchasing an additional 700 shares during the last quarter. Advisory Services Network LLC lifted its stake in WellCare Health Plans by 8.4% in the second quarter. Advisory Services Network LLC now owns 866 shares of the company’s stock worth $155,000 after purchasing an additional 67 shares during the last quarter. Matisse Capital bought a new stake in WellCare Health Plans in the fourth quarter worth $205,000. Finally, Highbridge Capital Management LLC bought a new stake in WellCare Health Plans in the third quarter worth $311,000. 98.87% of the stock is owned by institutional investors and hedge funds.
WellCare Health Plans, Inc. (NYSE WCG) opened at $191.96 on Friday. The company has a market cap of $8,550.00, a PE ratio of 23.10, a PEG ratio of 1.24 and a beta of 0.82. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.28 and a current ratio of 1.31. WellCare Health Plans, Inc. has a one year low of $136.23 and a one year high of $221.75.
Several analysts have weighed in on WCG shares. Goldman Sachs Group started coverage on shares of WellCare Health Plans in a research note on Wednesday, January 3rd. They issued a “buy” rating and a $255.00 price target for the company. Wells Fargo & Co reissued a “market perform” rating and issued a $188.00 price target (up from $175.00) on shares of WellCare Health Plans in a research note on Wednesday, November 1st. ValuEngine downgraded shares of WellCare Health Plans from a “buy” rating to a “hold” rating in a research note on Tuesday, December 19th. Cowen reaffirmed an “outperform” rating and set a $250.00 price objective on shares of WellCare Health Plans in a research note on Tuesday, January 23rd. Finally, Morgan Stanley upped their price objective on shares of WellCare Health Plans from $184.00 to $212.00 and gave the company an “equal weight” rating in a research note on Thursday, November 2nd. Eight analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $218.21.
About WellCare Health Plans
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.
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