Systematic Financial Management LP lowered its stake in WellCare Health Plans, Inc. (NYSE:WCG) by 62.9% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 8,594 shares of the company’s stock after selling 14,587 shares during the period. Systematic Financial Management LP’s holdings in WellCare Health Plans were worth $2,318,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Psagot Investment House Ltd. lifted its stake in WellCare Health Plans by 0.3% in the 4th quarter. Psagot Investment House Ltd. now owns 14,336 shares of the company’s stock valued at $3,385,000 after purchasing an additional 36 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in WellCare Health Plans by 1.8% in the 4th quarter. Thrivent Financial for Lutherans now owns 2,151 shares of the company’s stock valued at $508,000 after purchasing an additional 37 shares during the last quarter. IFP Advisors Inc lifted its stake in WellCare Health Plans by 4.2% in the 4th quarter. IFP Advisors Inc now owns 949 shares of the company’s stock valued at $220,000 after purchasing an additional 38 shares during the last quarter. Advisor Partners LLC lifted its stake in WellCare Health Plans by 4.8% in the 1st quarter. Advisor Partners LLC now owns 911 shares of the company’s stock valued at $246,000 after purchasing an additional 42 shares during the last quarter. Finally, Bessemer Group Inc. lifted its stake in WellCare Health Plans by 33.5% in the 4th quarter. Bessemer Group Inc. now owns 243 shares of the company’s stock valued at $57,000 after purchasing an additional 61 shares during the last quarter. Institutional investors and hedge funds own 98.49% of the company’s stock.

WCG opened at $276.00 on Thursday. WellCare Health Plans, Inc. has a twelve month low of $215.49 and a twelve month high of $324.99. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.48. The firm has a market cap of $13.70 billion, a PE ratio of 25.02, a PEG ratio of 1.23 and a beta of 1.19.

WellCare Health Plans (NYSE:WCG) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $3.69 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.10 by $0.59. WellCare Health Plans had a net margin of 2.17% and a return on equity of 15.47%. The company had revenue of $6.76 billion during the quarter, compared to analysts’ expectations of $6.56 billion. During the same period in the prior year, the company posted $2.47 earnings per share. WellCare Health Plans’s revenue for the quarter was up 45.5% compared to the same quarter last year. As a group, research analysts anticipate that WellCare Health Plans, Inc. will post 13.95 earnings per share for the current fiscal year.

WCG has been the subject of several research reports. ValuEngine raised shares of WellCare Health Plans from a “hold” rating to a “buy” rating in a research note on Thursday, January 24th. BMO Capital Markets upped their price target on shares of WellCare Health Plans to $330.00 and gave the company an “outperform” rating in a research report on Wednesday, February 6th. Cowen started coverage on shares of WellCare Health Plans in a research report on Thursday, February 28th. They issued an “outperform” rating for the company. Credit Suisse Group started coverage on shares of WellCare Health Plans in a research report on Monday, April 15th. They issued a “neutral” rating and a $307.00 price target for the company. Finally, Zacks Investment Research cut shares of WellCare Health Plans from a “buy” rating to a “hold” rating in a research report on Thursday, April 18th. Five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $311.13.

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About WellCare Health Plans

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.

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

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