Exencial Wealth Advisors LLC bought a new position in shares of Centene Corporation (NYSE:CNC) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 9,270 shares of the company’s stock, valued at approximately $897,000.

A number of other institutional investors have also added to or reduced their stakes in CNC. LS Investment Advisors LLC lifted its holdings in Centene Corporation by 1.1% during the 2nd quarter. LS Investment Advisors LLC now owns 7,477 shares of the company’s stock worth $597,000 after buying an additional 85 shares in the last quarter. Louisiana State Employees Retirement System increased its position in shares of Centene Corporation by 0.9% in the 2nd quarter. Louisiana State Employees Retirement System now owns 10,700 shares of the company’s stock valued at $855,000 after purchasing an additional 100 shares during the last quarter. Aperio Group LLC increased its position in shares of Centene Corporation by 27.2% in the 2nd quarter. Aperio Group LLC now owns 56,889 shares of the company’s stock valued at $4,544,000 after purchasing an additional 12,177 shares during the last quarter. Oakbrook Investments LLC increased its position in shares of Centene Corporation by 4.5% in the 2nd quarter. Oakbrook Investments LLC now owns 15,260 shares of the company’s stock valued at $1,219,000 after purchasing an additional 660 shares during the last quarter. Finally, Wright Investors Service Inc. increased its position in shares of Centene Corporation by 63.2% in the 2nd quarter. Wright Investors Service Inc. now owns 12,335 shares of the company’s stock valued at $985,000 after purchasing an additional 4,775 shares during the last quarter. Institutional investors own 93.70% of the company’s stock.

A number of brokerages have commented on CNC. Piper Jaffray Companies reissued a “buy” rating and issued a $105.00 price objective on shares of Centene Corporation in a research report on Thursday, July 27th. Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $105.00 price objective on shares of Centene Corporation in a research report on Friday, September 29th. Jefferies Group LLC reissued a “buy” rating and issued a $98.00 price objective on shares of Centene Corporation in a research report on Thursday, July 27th. ValuEngine raised shares of Centene Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, July 27th. Finally, Cantor Fitzgerald reissued a “buy” rating and issued a $90.00 price objective on shares of Centene Corporation in a research report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $99.11.

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In other Centene Corporation news, Director Robert K. Ditmore sold 4,167 shares of the firm’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $90.42, for a total transaction of $376,780.14. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 3.00% of the company’s stock.

Shares of Centene Corporation (CNC) traded down $0.80 during trading on Monday, reaching $95.14. 1,005,000 shares of the company’s stock traded hands, compared to its average volume of 1,700,652. Centene Corporation has a 52 week low of $54.40 and a 52 week high of $98.71. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market cap of $16,420.00, a P/E ratio of 18.12, a P/E/G ratio of 1.45 and a beta of 0.67.

Centene Corporation (NYSE:CNC) last issued its quarterly earnings data on Tuesday, October 24th. The company reported $1.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.24 by $0.11. Centene Corporation had a net margin of 1.81% and a return on equity of 14.79%. The company had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $11.75 billion. During the same period last year, the firm posted $1.12 EPS. Centene Corporation’s revenue for the quarter was up 9.7% on a year-over-year basis. sell-side analysts anticipate that Centene Corporation will post 4.98 earnings per share for the current year.

Centene Corporation Profile

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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