Epoch Investment Partners Inc. increased its stake in Centene Corporation (NYSE:CNC) by 298.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 997,346 shares of the company’s stock after acquiring an additional 746,783 shares during the quarter. Epoch Investment Partners Inc. owned 0.58% of Centene worth $96,513,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Mckinley Capital Management LLC Delaware bought a new stake in Centene during the 2nd quarter valued at $101,000. Seven Bridges Advisors LLC bought a new stake in Centene during the 2nd quarter valued at $123,000. IFP Advisors Inc increased its stake in Centene by 9.6% during the 2nd quarter. IFP Advisors Inc now owns 1,944 shares of the company’s stock valued at $155,000 after purchasing an additional 170 shares in the last quarter. Baldwin Brothers Inc. MA bought a new stake in Centene during the 3rd quarter valued at $185,000. Finally, MV Capital Management Inc. bought a new stake in Centene during the 2nd quarter valued at $186,000. Institutional investors own 92.33% of the company’s stock.
Centene Corporation (CNC) opened at $98.28 on Tuesday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.71. The firm has a market cap of $17,446.47, a PE ratio of 19.26, a P/E/G ratio of 1.54 and a beta of 0.71. Centene Corporation has a fifty-two week low of $54.40 and a fifty-two week high of $103.15.
A number of analysts have commented on the stock. Cowen restated an “outperform” rating and set a $105.00 price target (up previously from $77.00) on shares of Centene in a research note on Wednesday, September 13th. Cantor Fitzgerald boosted their price target on shares of Centene to $107.00 and gave the company an “overweight” rating in a research note on Wednesday, September 13th. BidaskClub upgraded shares of Centene from a “hold” rating to a “buy” rating in a research note on Thursday, August 24th. Piper Jaffray Companies restated a “buy” rating and set a $105.00 price target on shares of Centene in a research note on Friday, September 1st. Finally, BMO Capital Markets started coverage on shares of Centene in a report on Tuesday, October 17th. They set an “outperform” rating and a $120.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seventeen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $99.11.
In related news, Director Robert K. Ditmore sold 4,167 shares of the business’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $90.42, for a total value of $376,780.14. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.00% of the stock is currently owned by insiders.
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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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