Stevens Capital Management LP reduced its position in WellCare Health Plans, Inc. (NYSE:WCG) by 53.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,353 shares of the company’s stock after selling 3,902 shares during the period. Stevens Capital Management LP’s holdings in WellCare Health Plans were worth $826,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of WCG. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of WellCare Health Plans by 98.9% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 561 shares of the company’s stock valued at $108,000 after buying an additional 279 shares during the last quarter. Harvest Fund Management Co. Ltd grew its stake in shares of WellCare Health Plans by 55.2% during the second quarter. Harvest Fund Management Co. Ltd now owns 512 shares of the company’s stock valued at $126,000 after buying an additional 182 shares during the last quarter. MANA Advisors LLC bought a new position in shares of WellCare Health Plans during the first quarter valued at approximately $205,000. Tdam USA Inc. bought a new position in shares of WellCare Health Plans during the second quarter valued at approximately $205,000. Finally, HRT Financial LLC bought a new position in shares of WellCare Health Plans during the first quarter valued at approximately $206,000. Institutional investors own 97.39% of the company’s stock.

Shares of WCG opened at $300.24 on Friday. WellCare Health Plans, Inc. has a 12 month low of $162.25 and a 12 month high of $305.74. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.44. The firm has a market cap of $13.57 billion, a PE ratio of 35.24, a price-to-earnings-growth ratio of 1.88 and a beta of 0.96.

WellCare Health Plans (NYSE:WCG) last issued its quarterly earnings data on Tuesday, July 31st. The company reported $3.69 EPS for the quarter, beating the consensus estimate of $3.03 by $0.66. WellCare Health Plans had a return on equity of 19.20% and a net margin of 2.69%. The firm had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.65 billion. During the same quarter in the prior year, the business posted $2.52 EPS. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. analysts forecast that WellCare Health Plans, Inc. will post 10.88 earnings per share for the current year.

Several research analysts recently issued reports on WCG shares. ValuEngine cut WellCare Health Plans from a “buy” rating to a “hold” rating in a research note on Wednesday, May 9th. Leerink Swann increased their price objective on WellCare Health Plans from $275.00 to $300.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 30th. Wells Fargo & Co increased their price objective on WellCare Health Plans from $240.00 to $250.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 30th. Morgan Stanley increased their price objective on WellCare Health Plans from $228.00 to $237.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 30th. Finally, BMO Capital Markets increased their price objective on WellCare Health Plans from $250.00 to $275.00 and gave the stock an “outperform” rating in a research note on Thursday, May 31st. Two analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $273.53.

WellCare Health Plans Company Profile

WellCare Health Plans, Inc provides managed care services for government-sponsored health care programs. It operates through three segments: Medicaid Health Plans, Medicare Health Plans, and Medicare PDPs. The Medicaid Health Plans segment offers plans for beneficiaries of temporary assistance for needy families, supplemental security income, and aged blind and disabled residents; and other state-based programs, such as children's health insurance programs and long-term services and supports for qualifying families who are not eligible for Medicaid.

Featured Article: Market Capitalization in the Stock Market

Want to see what other hedge funds are holding WCG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for WellCare Health Plans, Inc. (NYSE:WCG).

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

Receive News & Ratings for WellCare Health Plans Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WellCare Health Plans and related companies with MarketBeat.com's FREE daily email newsletter.