Tyers Asset Management LLC raised its holdings in Centene Corp (NYSE:CNC) by 39.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,880 shares of the company’s stock after purchasing an additional 10,960 shares during the quarter. Tyers Asset Management LLC’s holdings in Centene were worth $3,922,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the business. York Capital Management Global Advisors LLC purchased a new stake in Centene in the fourth quarter valued at $13,429,000. Premia Global Advisors LLC purchased a new stake in Centene in the fourth quarter valued at $295,000. Stone Ridge Asset Management LLC purchased a new stake in Centene in the fourth quarter valued at $1,129,000. Cornercap Investment Counsel Inc. purchased a new stake in Centene in the fourth quarter valued at $2,092,000. Finally, Guggenheim Capital LLC raised its position in Centene by 6.7% in the fourth quarter. Guggenheim Capital LLC now owns 926,418 shares of the company’s stock valued at $93,456,000 after purchasing an additional 58,162 shares during the period. Institutional investors own 90.53% of the company’s stock.
Shares of Centene Corp (CNC) opened at $103.56 on Thursday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.68. Centene Corp has a 1-year low of $65.03 and a 1-year high of $112.42. The firm has a market capitalization of $17,819.97, a PE ratio of 22.08, a price-to-earnings-growth ratio of 0.98 and a beta of 0.76.
In other Centene news, EVP Christopher D. Bowers sold 4,800 shares of the company’s stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $102.27, for a total transaction of $490,896.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robert K. Ditmore sold 8,750 shares of the company’s stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $104.30, for a total value of $912,625.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,300 shares of company stock worth $3,802,509. 3.00% of the stock is owned by company insiders.
Several equities research analysts recently issued reports on the company. Oppenheimer boosted their price objective on Centene from $111.00 to $122.00 and gave the company an “outperform” rating in a report on Wednesday, December 20th. ValuEngine upgraded Centene from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Cantor Fitzgerald reiterated a “buy” rating and issued a $115.00 price objective on shares of Centene in a report on Monday, December 18th. Zacks Investment Research upgraded Centene from a “hold” rating to a “strong-buy” rating and set a $117.00 price objective on the stock in a report on Tuesday, December 26th. Finally, Citigroup reiterated an “outperform” rating and issued a $130.00 price objective (up previously from $122.00) on shares of Centene in a report on Wednesday, February 7th. Three analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $110.28.
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Centene Corporation is a healthcare company. The Company provides a portfolio of services to government sponsored healthcare programs, focusing on under-insured and uninsured individuals. The Company operates through two segments: Managed Care and Specialty Services. The Company’s Managed Care segment provides health plan coverage to individuals, through government subsidized programs, including Medicaid, the State Children’s Health Insurance Program (CHIP), Long Term Care, Foster Care, dual-eligible individuals (Duals) and the Supplemental Security Income Program, also known as the Aged, Blind or Disabled Program (ABD), Medicare, and Health Insurance Marketplace.
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