Cornerstone Capital Management Holdings LLC. boosted its position in WellCare Health Plans, Inc. (NYSE:WCG) by 0.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 206,272 shares of the company’s stock after purchasing an additional 745 shares during the quarter. Cornerstone Capital Management Holdings LLC. owned approximately 0.46% of WellCare Health Plans worth $35,424,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Fuller & Thaler Asset Management Inc. bought a new position in WellCare Health Plans in the third quarter worth about $103,000. State of Alaska Department of Revenue bought a new position in WellCare Health Plans in the second quarter worth about $121,000. Advisory Services Network LLC raised its holdings in WellCare Health Plans by 8.4% in 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 in the last quarter. Harvest Fund Management Co. Ltd raised its holdings in WellCare Health Plans by 29.3% in 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 in the last quarter. Finally, CIBC Asset Management Inc bought a new position in WellCare Health Plans in the second quarter worth about $251,000. Institutional investors and hedge funds own 99.91% of the company’s stock.

A number of equities analysts have commented on the stock. Zacks Investment Research upgraded shares of WellCare Health Plans from a “hold” rating to a “buy” rating and set a $193.00 target price for the company in a report on Friday, August 11th. Piper Jaffray Companies restated a “buy” rating and set a $214.00 price objective on shares of WellCare Health Plans in a report on Wednesday, November 1st. Cowen started coverage on shares of WellCare Health Plans in a report on Monday, October 9th. They set an “outperform” rating and a $200.00 price objective on the stock. ValuEngine downgraded shares of WellCare Health Plans from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Finally, Jefferies Group upped their price objective on shares of WellCare Health Plans from $190.00 to $210.00 and gave the company a “hold” rating in a report on Wednesday, November 1st. Eleven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $200.20.

In related news, Director Carol Burt sold 997 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $202.20, for a total value of $201,593.40. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Kenneth A. Burdick sold 8,500 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $174.24, for a total value of $1,481,040.00. Following the completion of the sale, the chief executive officer now owns 23,627 shares in the company, valued at approximately $4,116,768.48. The disclosure for this sale can be found here. 0.47% of the stock is owned by corporate insiders.

WellCare Health Plans, Inc. (NYSE WCG) traded up $1.60 on Friday, hitting $209.07. 339,300 shares of the stock traded hands, compared to its average volume of 363,461. WellCare Health Plans, Inc. has a 12-month low of $133.21 and a 12-month high of $213.97. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $9,236.89, a P/E ratio of 22.45, a P/E/G ratio of 1.60 and a beta of 0.82.

WellCare Health Plans (NYSE:WCG) last issued its earnings results on Tuesday, October 31st. The company reported $4.08 EPS for the quarter, beating the Zacks’ consensus estimate of $1.90 by $2.18. The firm had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.37 billion. WellCare Health Plans had a return on equity of 19.42% and a net margin of 2.21%. WellCare Health Plans’s revenue for the quarter was up 22.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.63 earnings per share. research analysts expect that WellCare Health Plans, Inc. will post 8.44 EPS for the current fiscal year.

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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.

Institutional Ownership by Quarter for WellCare Health Plans (NYSE:WCG)

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