United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Invests $1.62 Million in Centene Corporation $CNC

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new position in shares of Centene Corporation (NYSE:CNC) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 39,283 shares of the company’s stock, valued at approximately $1,616,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Addison Advisors LLC grew its holdings in Centene by 455.6% during the third quarter. Addison Advisors LLC now owns 739 shares of the company’s stock worth $26,000 after acquiring an additional 606 shares during the period. SBI Securities Co. Ltd. grew its holdings in Centene by 118.4% during the fourth quarter. SBI Securities Co. Ltd. now owns 749 shares of the company’s stock worth $31,000 after acquiring an additional 406 shares during the period. Ameriflex Group Inc. grew its holdings in Centene by 152.5% during the third quarter. Ameriflex Group Inc. now owns 1,010 shares of the company’s stock worth $36,000 after acquiring an additional 610 shares during the period. GoalVest Advisory LLC acquired a new position in Centene during the fourth quarter worth $37,000. Finally, Union Bancaire Privee UBP SA acquired a new position in Centene during the fourth quarter worth $37,000. Institutional investors and hedge funds own 93.63% of the company’s stock.

Centene Stock Up 1.4%

CNC opened at $59.72 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.76. The firm has a market cap of $29.49 billion, a P/E ratio of -4.54, a PEG ratio of 0.46 and a beta of 1.06. Centene Corporation has a 52 week low of $25.08 and a 52 week high of $60.76. The business’s fifty day simple moving average is $45.44 and its 200 day simple moving average is $42.41.

Centene (NYSE:CNC) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $3.37 EPS for the quarter, beating analysts’ consensus estimates of $2.23 by $1.14. The business had revenue of $49.94 billion for the quarter, compared to analyst estimates of $47.53 billion. Centene had a positive return on equity of 5.57% and a negative net margin of 3.25%.The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter last year, the company earned $2.90 earnings per share. As a group, equities research analysts anticipate that Centene Corporation will post 3.45 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently weighed in on CNC shares. Mizuho set a $58.00 price objective on Centene and gave the stock a “neutral” rating in a report on Wednesday, May 20th. Zacks Research raised Centene from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 6th. Raymond James Financial set a $60.00 target price on Centene in a report on Wednesday, April 29th. Wall Street Zen raised Centene from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, Cantor Fitzgerald raised Centene from a “neutral” rating to an “overweight” rating and upped their target price for the company from $41.00 to $60.00 in a report on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $58.18.

About Centene

Centene Corporation (NYSE: CNC) is a diversified, multi-national healthcare enterprise that specializes in providing services to government-sponsored and national health programs. The company primarily acts as a managed care organization, delivering healthcare coverage and administering benefits for Medicaid, the Children’s Health Insurance Program (CHIP), Medicare Advantage, and individual marketplace plans. Centene also contracts with federal and state agencies to manage specialty care programs and community-based services for vulnerable populations.

Centene’s offerings extend beyond traditional insurance to include a range of specialty and support services.