Media coverage about WellCare Health Plans (NYSE:WCG) has trended very positive on Sunday, Accern reports. The research firm rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. WellCare Health Plans earned a media sentiment score of 0.56 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 50 out of 100, indicating that recent news coverage is somewhat likely to have an effect on the company’s share price in the near term.
These are some of the news stories that may have impacted Accern’s scoring:
- Today’s Options Champions Competition Begins Online Voting (finance.yahoo.com)
- BidaskClub Lowers WellCare Health Plans, Inc. (WCG) to Buy (americanbankingnews.com)
- The WellCare Health Plans (WCG) versus Aetna (NYSE:AET) Financial Analysis (healthcaremenu.net)
- WellCare Health Plans, Inc. (WCG) Scheduled to Post Quarterly Earnings on Friday (americanbankingnews.com)
- Wellcare Health Plans, Inc. (NYSE:WCG) Experiences Light Trading Volume (highlightpress.com)
A number of research analysts recently commented on WCG shares. Jefferies Group LLC reiterated a “hold” rating and issued a $170.00 price objective on shares of WellCare Health Plans in a report on Thursday, June 8th. Wolfe Research reiterated a “market perform” rating on shares of WellCare Health Plans in a report on Friday, May 5th. BidaskClub lowered WellCare Health Plans from a “strong-buy” rating to a “buy” rating in a research report on Friday. Zacks Investment Research raised WellCare Health Plans from a “hold” rating to a “buy” rating and set a $172.00 target price on the stock in a research report on Monday, May 1st. Finally, Morgan Stanley initiated coverage on WellCare Health Plans in a research report on Tuesday, June 6th. They issued an “equal weight” rating and a $183.00 target price on the stock. Twelve analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $165.75.
WellCare Health Plans (NYSE:WCG) traded up 0.50% during trading on Friday, reaching $179.96. 249,631 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $179.88 and a 200 day moving average price of $158.46. The stock has a market capitalization of $8.01 billion, a P/E ratio of 29.61 and a beta of 0.86. WellCare Health Plans has a 1-year low of $105.16 and a 1-year high of $184.88.
WellCare Health Plans (NYSE:WCG) last posted its quarterly earnings data on Wednesday, May 3rd. The company reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.42. The firm had revenue of $3.95 billion during the quarter, compared to analysts’ expectations of $3.85 billion. WellCare Health Plans had a net margin of 1.85% and a return on equity of 14.75%. The company’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.06 EPS. Equities research analysts expect that WellCare Health Plans will post $6.86 earnings per share for the current year.
In related news, SVP Yount Michael sold 2,500 shares of WellCare Health Plans stock in a transaction that occurred on Thursday, May 4th. The shares were sold at an average price of $166.57, for a total transaction of $416,425.00. Following the transaction, the senior vice president now owns 4,804 shares of the company’s stock, valued at approximately $800,202.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Andrew Lynn Asher sold 7,314 shares of WellCare Health Plans stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $175.04, for a total transaction of $1,280,242.56. Following the transaction, the chief financial officer now directly owns 13,244 shares in the company, valued at approximately $2,318,229.76. The disclosure for this sale can be found here. Insiders sold a total of 24,019 shares of company stock worth $4,133,066 in the last ninety days. Insiders own 0.50% of the company’s stock.
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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.
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