Voloridge Investment Management LLC trimmed its holdings in shares of WellCare Health Plans, Inc. (NYSE:WCG) by 39.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 42,976 shares of the company’s stock after selling 27,508 shares during the quarter. Voloridge Investment Management LLC owned 0.09% of WellCare Health Plans worth $10,146,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. We Are One Seven LLC bought a new stake in WellCare Health Plans in the fourth quarter valued at about $27,000. Trust Co. of Vermont bought a new position in shares of WellCare Health Plans during the fourth quarter valued at approximately $27,000. Cornerstone Advisors Inc. grew its holdings in shares of WellCare Health Plans by 1,425.0% during the fourth quarter. Cornerstone Advisors Inc. now owns 122 shares of the company’s stock valued at $29,000 after purchasing an additional 114 shares during the last quarter. Legacy Financial Advisors Inc. grew its holdings in shares of WellCare Health Plans by 90.1% during the fourth quarter. Legacy Financial Advisors Inc. now owns 135 shares of the company’s stock valued at $32,000 after purchasing an additional 64 shares during the last quarter. Finally, Semmax Financial Advisors Inc. bought a new position in shares of WellCare Health Plans during the fourth quarter valued at approximately $34,000. 98.49% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have recently commented on the company. ValuEngine raised WellCare Health Plans from a “hold” rating to a “buy” rating in a report on Thursday, January 24th. Zacks Investment Research downgraded WellCare Health Plans from a “buy” rating to a “hold” rating in a research report on Thursday, December 13th. Stephens assumed coverage on WellCare Health Plans in a research report on Monday, January 14th. They set an “overweight” rating and a $276.00 price objective for the company. Wolfe Research upgraded WellCare Health Plans from a “market perform” rating to an “outperform” rating in a research report on Thursday, January 3rd. Finally, BMO Capital Markets boosted their price objective on WellCare Health Plans to $330.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 6th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $306.43.

WCG traded up $2.63 during trading on Thursday, reaching $246.61. The stock had a trading volume of 2,895 shares, compared to its average volume of 689,933. The company has a market capitalization of $12.20 billion, a price-to-earnings ratio of 22.34, a price-to-earnings-growth ratio of 1.16 and a beta of 1.23. WellCare Health Plans, Inc. has a 1-year low of $188.32 and a 1-year high of $324.99. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.36 and a quick ratio of 1.36.

WellCare Health Plans (NYSE:WCG) last posted its quarterly earnings results on Tuesday, February 5th. The company reported $1.63 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.55 by $0.08. The company had revenue of $5.94 billion for the quarter, compared to analysts’ expectations of $5.85 billion. WellCare Health Plans had a return on equity of 15.39% and a net margin of 2.15%. The firm’s revenue was up 37.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.32 earnings per share. Equities analysts expect that WellCare Health Plans, Inc. will post 13.59 EPS for the current fiscal year.

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WellCare Health Plans Company Profile

WellCare Health Plans, Inc provides government-sponsored managed care services. The company operates in three segments: Medicaid Health Plans, Medicare Health Plans, and Medicare Prescription Drug Plans (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 programs for qualifying families who are not eligible for Medicaid.

Further Reading: Moving Average (MA)

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

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