Pacer Advisors Inc. increased its position in shares of WellCare Health Plans, Inc. (NYSE:WCG) by 15.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,338 shares of the company’s stock after purchasing an additional 966 shares during the period. Pacer Advisors Inc.’s holdings in WellCare Health Plans were worth $1,260,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue acquired a new stake in WellCare Health Plans during the second quarter worth about $121,000. Advisory Services Network LLC increased its position in WellCare Health Plans by 8.4% during the second quarter. Advisory Services Network LLC now owns 866 shares of the company’s stock worth $155,000 after purchasing an additional 67 shares during the last quarter. Eagle Global Advisors LLC acquired a new stake in WellCare Health Plans during the second quarter worth about $211,000. Harvest Fund Management Co. Ltd increased its position in WellCare Health Plans by 29.3% during the second quarter. Harvest Fund Management Co. Ltd now owns 1,318 shares of the company’s stock worth $237,000 after purchasing an additional 299 shares during the last quarter. Finally, Ronald Blue & Co. LLC acquired a new stake in WellCare Health Plans during the second quarter worth about $240,000. Hedge funds and other institutional investors own 97.41% of the company’s stock.

Several equities research analysts recently issued reports on WCG shares. Zacks Investment Research cut shares of WellCare Health Plans from a “buy” rating to a “hold” rating in a research report on Monday, October 9th. Wells Fargo & Company reiterated a “market perform” rating and set a $188.00 price target (up from $175.00) on shares of WellCare Health Plans in a research report on Wednesday, November 1st. BMO Capital Markets initiated coverage on shares of WellCare Health Plans in a research report on Monday, October 16th. They set an “outperform” rating and a $215.00 price target for the company. Morgan Stanley lifted their price target on shares of WellCare Health Plans from $184.00 to $212.00 and gave the company an “equal weight” rating in a research report on Thursday, November 2nd. Finally, ValuEngine upgraded shares of WellCare Health Plans from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Eleven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $200.20.

WellCare Health Plans, Inc. (NYSE WCG) traded up $3.42 during midday trading on Wednesday, hitting $202.69. 309,800 shares of the stock traded hands, compared to its average volume of 364,565. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.51. WellCare Health Plans, Inc. has a twelve month low of $130.38 and a twelve month high of $208.89. The stock has a market capitalization of $8,871.81, a price-to-earnings ratio of 21.57, a price-to-earnings-growth ratio of 1.54 and a beta of 0.81.

WellCare Health Plans (NYSE:WCG) last posted its quarterly earnings data on Tuesday, October 31st. The company reported $4.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.90 by $2.18. WellCare Health Plans had a net margin of 2.21% and a return on equity of 19.42%. The business had revenue of $4.40 billion during the quarter, compared to analyst estimates of $4.37 billion. During the same quarter last year, the firm posted $1.63 earnings per share. The business’s revenue for the quarter was up 22.8% compared to the same quarter last year. analysts forecast that WellCare Health Plans, Inc. will post 8.45 EPS for the current fiscal year.

In related news, Director Carol Burt sold 997 shares of WellCare Health Plans stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $202.20, for a total value of $201,593.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Kenneth A. Burdick sold 8,500 shares of WellCare Health Plans stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $174.24, for a total transaction of $1,481,040.00. Following the completion of the transaction, the chief executive officer now owns 23,627 shares of the company’s stock, valued at approximately $4,116,768.48. The disclosure for this sale can be found here. Company insiders own 0.47% 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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Institutional Ownership by Quarter for WellCare Health Plans (NYSE:WCG)

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