Natixis Has $5.11 Million Holdings in WellCare Health Plans, Inc. (NYSE:WCG)
Natixis boosted its holdings in WellCare Health Plans, Inc. (NYSE:WCG) by 2,190.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,911 shares of the company’s stock after buying an additional 17,129 shares during the quarter. Natixis’ holdings in WellCare Health Plans were worth $5,106,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in WCG. Bremer Bank National Association acquired a new stake in shares of WellCare Health Plans during the first quarter valued at about $28,000. Icon Wealth Partners LLC bought a new stake in shares of WellCare Health Plans during the first quarter valued at approximately $30,000. Meeder Asset Management Inc. bought a new stake in shares of WellCare Health Plans during the second quarter valued at approximately $33,000. Berman Capital Advisors LLC increased its holdings in shares of WellCare Health Plans by 165.3% during the second quarter. Berman Capital Advisors LLC now owns 130 shares of the company’s stock valued at $37,000 after acquiring an additional 81 shares in the last quarter. Finally, Financial Gravity Wealth Inc. increased its holdings in shares of WellCare Health Plans by 4,633.3% during the second quarter. Financial Gravity Wealth Inc. now owns 142 shares of the company’s stock valued at $40,000 after acquiring an additional 139 shares in the last quarter. 93.04% of the stock is currently owned by institutional investors and hedge funds.
WCG stock traded up $2.64 during midday trading on Friday, hitting $268.27. The company’s stock had a trading volume of 23,381 shares, compared to its average volume of 345,743. The stock’s 50-day moving average price is $275.63 and its 200 day moving average price is $272.26. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.45. WellCare Health Plans, Inc. has a 1 year low of $220.63 and a 1 year high of $324.99. The stock has a market cap of $13.79 billion, a price-to-earnings ratio of 24.31, a PEG ratio of 1.35 and a beta of 0.95.
WCG has been the topic of several analyst reports. Cantor Fitzgerald cut WellCare Health Plans from an “overweight” rating to a “neutral” rating in a research report on Tuesday, July 30th. BMO Capital Markets cut WellCare Health Plans from an “outperform” rating to a “market perform” rating and set a $304.00 target price on the stock. in a research report on Monday, June 3rd. Finally, Stephens cut WellCare Health Plans from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $330.00 to $317.00 in a research report on Monday. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company. WellCare Health Plans has a consensus rating of “Hold” and a consensus target price of $316.50.
WellCare Health Plans 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.
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