Savant Capital LLC bought a new stake in shares of Centene Corporation (NYSE:CNC) during the second quarter, Holdings Channel reports. The firm bought 2,990 shares of the company’s stock, valued at approximately $239,000.

Several other large investors have also made changes to their positions in CNC. Rational Advisors LLC acquired a new stake in shares of Centene Corporation during the second quarter valued at approximately $767,000. Pitcairn Co. raised its stake in shares of Centene Corporation by 10.3% in the second quarter. Pitcairn Co. now owns 11,514 shares of the company’s stock valued at $919,000 after buying an additional 1,077 shares during the last quarter. ClariVest Asset Management LLC raised its stake in shares of Centene Corporation by 116.3% in the second quarter. ClariVest Asset Management LLC now owns 7,835 shares of the company’s stock valued at $627,000 after buying an additional 4,213 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new stake in shares of Centene Corporation during the second quarter valued at approximately $2,556,000. Finally, Smith Asset Management Group LP raised its stake in shares of Centene Corporation by 4.3% in the second quarter. Smith Asset Management Group LP now owns 379,537 shares of the company’s stock valued at $30,330,000 after buying an additional 15,777 shares during the last quarter. Institutional investors own 93.09% of the company’s stock.

Shares of Centene Corporation (NYSE:CNC) opened at 82.85 on Wednesday. Centene Corporation has a 52 week low of $50.00 and a 52 week high of $87.94. The stock has a 50 day moving average price of $82.22 and a 200 day moving average price of $74.93. The stock has a market capitalization of $14.29 billion, a P/E ratio of 18.18 and a beta of 0.66.

Centene Corporation (NYSE:CNC) last issued its quarterly earnings results on Tuesday, July 25th. The company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.29. Centene Corporation had a return on equity of 14.62% and a net margin of 1.72%. The firm had revenue of $11.95 billion for the quarter, compared to analysts’ expectations of $11.69 billion. During the same period in the previous year, the firm posted $1.29 EPS. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. On average, equities research analysts expect that Centene Corporation will post $4.92 EPS for the current year.

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Several equities research analysts recently commented on the company. Zacks Investment Research lowered Centene Corporation from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. BidaskClub lowered Centene Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Jefferies Group LLC restated a “buy” rating and set a $98.00 target price on shares of Centene Corporation in a research report on Thursday, July 27th. Piper Jaffray Companies restated a “buy” rating and set a $105.00 target price on shares of Centene Corporation in a research report on Thursday, July 27th. Finally, ValuEngine upgraded Centene Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $86.82.

In related news, SVP Mark J. Brooks sold 2,161 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $75.43, for a total value of $163,004.23. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Robert K. Ditmore sold 3,900 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $75.43, for a total value of $294,177.00. The disclosure for this sale can be found here. Insiders sold a total of 53,578 shares of company stock worth $4,264,757 over the last ninety days. 3.00% of the stock is currently owned by insiders.

About Centene Corporation

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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Institutional Ownership by Quarter for Centene Corporation (NYSE:CNC)

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