California Public Employees Retirement System Has $28.57 Million Position in WellCare Health Plans, Inc. (WCG)

California Public Employees Retirement System increased its position in WellCare Health Plans, Inc. (NYSE:WCG) by 1.3% in the 4th quarter, HoldingsChannel reports. The fund owned 142,055 shares of the company’s stock after buying an additional 1,891 shares during the quarter. California Public Employees Retirement System’s holdings in WellCare Health Plans were worth $28,569,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in WCG. Fuller & Thaler Asset Management Inc. purchased a new stake in WellCare Health Plans in the 3rd quarter worth approximately $103,000. Advisory Services Network LLC increased its holdings in WellCare Health Plans by 8.4% in the 2nd quarter. Advisory Services Network LLC now owns 866 shares of the company’s stock worth $155,000 after acquiring an additional 67 shares in the last quarter. Bessemer Group Inc. increased its holdings in WellCare Health Plans by 593.2% in the 4th quarter. Bessemer Group Inc. now owns 818 shares of the company’s stock worth $165,000 after acquiring an additional 700 shares in the last quarter. Matisse Capital purchased a new stake in WellCare Health Plans in the 4th quarter worth approximately $205,000. Finally, Highbridge Capital Management LLC purchased a new stake in WellCare Health Plans in the 3rd quarter worth approximately $311,000. 98.87% of the stock is owned by institutional investors.

Shares of WellCare Health Plans, Inc. (NYSE:WCG) opened at $193.21 on Monday. The company has a current ratio of 1.31, a quick ratio of 1.28 and a debt-to-equity ratio of 0.49. WellCare Health Plans, Inc. has a fifty-two week low of $136.23 and a fifty-two week high of $221.75. The stock has a market cap of $8,602.29, a P/E ratio of 23.25, a price-to-earnings-growth ratio of 1.24 and a beta of 0.82.

WellCare Health Plans (NYSE:WCG) last announced its quarterly earnings data on Tuesday, February 6th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.11. WellCare Health Plans had a net margin of 2.20% and a return on equity of 17.10%. The business had revenue of $4.35 billion during the quarter, compared to analyst estimates of $4.32 billion. During the same period last year, the firm posted $1.03 EPS. The company’s revenue was up 23.5% on a year-over-year basis. equities research analysts anticipate that WellCare Health Plans, Inc. will post 9.79 earnings per share for the current year.

Several research firms recently issued reports on WCG. Cantor Fitzgerald reissued a “buy” rating and issued a $235.00 target price on shares of WellCare Health Plans in a report on Tuesday, February 6th. Zacks Investment Research raised shares of WellCare Health Plans from a “hold” rating to a “buy” rating and set a $221.00 target price for the company in a report on Thursday, November 2nd. Deutsche Bank increased their target price on shares of WellCare Health Plans to $240.00 and gave the stock a “buy” rating in a report on Monday, November 20th. Piper Jaffray Companies reissued a “buy” rating and issued a $214.00 target price on shares of WellCare Health Plans in a report on Wednesday, November 1st. Finally, Jefferies Group increased their target price on shares of WellCare Health Plans from $190.00 to $210.00 and gave the stock a “hold” rating in a report on Wednesday, November 1st. Eight research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $218.21.

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

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