Chartwell Investment Partners LLC Cuts Holdings in WellCare Health Plans, Inc. (WCG)

Chartwell Investment Partners LLC cut its holdings in shares of WellCare Health Plans, Inc. (NYSE:WCG) by 19.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,985 shares of the company’s stock after selling 1,400 shares during the period. Chartwell Investment Partners LLC’s holdings in WellCare Health Plans were worth $1,204,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in WCG. Wedge Capital Management L L P NC lifted its position in WellCare Health Plans by 2,915.4% during the 4th quarter. Wedge Capital Management L L P NC now owns 234,475 shares of the company’s stock valued at $47,155,000 after purchasing an additional 226,699 shares during the period. American Century Companies Inc. increased its stake in shares of WellCare Health Plans by 60.1% in the 3rd quarter. American Century Companies Inc. now owns 594,925 shares of the company’s stock valued at $102,172,000 after acquiring an additional 223,364 shares during the last quarter. Point72 Asset Management L.P. increased its stake in shares of WellCare Health Plans by 187.6% in the 3rd quarter. Point72 Asset Management L.P. now owns 164,672 shares of the company’s stock valued at $28,281,000 after acquiring an additional 107,411 shares during the last quarter. Old Mutual Global Investors UK Ltd. increased its stake in shares of WellCare Health Plans by 426.7% in the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 124,811 shares of the company’s stock valued at $21,435,000 after acquiring an additional 101,114 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of WellCare Health Plans by 21.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 503,474 shares of the company’s stock valued at $86,471,000 after acquiring an additional 88,085 shares during the last quarter. Institutional investors own 98.73% of the company’s stock.

Shares of WellCare Health Plans, Inc. (WCG) opened at $194.65 on Wednesday. WellCare Health Plans, Inc. has a 52 week low of $136.23 and a 52 week high of $221.75. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.28 and a current ratio of 1.31. The stock has a market capitalization of $8,603.48, a P/E ratio of 23.42, a P/E/G ratio of 1.24 and a beta of 0.82.

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

A number of brokerages have recently commented on WCG. Zacks Investment Research raised WellCare Health Plans from a “hold” rating to a “buy” rating and set a $216.00 price target for the company in a research note on Tuesday. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $214.00 price target on shares of WellCare Health Plans in a research note on Wednesday, November 1st. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $235.00 price target on shares of WellCare Health Plans in a research note on Tuesday, February 6th. Cowen reaffirmed an “outperform” rating and issued a $250.00 price target on shares of WellCare Health Plans in a research note on Tuesday, January 23rd. Finally, ValuEngine cut WellCare Health Plans from a “buy” rating to a “hold” rating in a research note on Tuesday, December 19th. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $217.86.

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WellCare Health Plans 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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