Mosaic Family Wealth LLC Buys 5,535 Shares of Centene Corp (NYSE:CNC)

Mosaic Family Wealth LLC grew its stake in Centene Corp (NYSE:CNC) by 105.7% during the first quarter, HoldingsChannel.com reports. The firm owned 10,770 shares of the company’s stock after purchasing an additional 5,535 shares during the quarter. Mosaic Family Wealth LLC’s holdings in Centene were worth $572,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Huntington National Bank grew its holdings in Centene by 110.7% in the first quarter. Huntington National Bank now owns 472 shares of the company’s stock valued at $25,000 after purchasing an additional 248 shares during the last quarter. Toth Financial Advisory Corp grew its holdings in Centene by 100.0% in the first quarter. Toth Financial Advisory Corp now owns 480 shares of the company’s stock valued at $25,000 after purchasing an additional 240 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Centene in the first quarter valued at $27,000. Shamrock Asset Management LLC grew its holdings in Centene by 100.0% in the first quarter. Shamrock Asset Management LLC now owns 522 shares of the company’s stock valued at $28,000 after purchasing an additional 261 shares during the last quarter. Finally, Lindbrook Capital LLC acquired a new stake in Centene in the fourth quarter valued at $31,000. 90.75% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:CNC traded down $0.80 on Wednesday, hitting $53.36. The company had a trading volume of 3,420,557 shares, compared to its average volume of 6,833,958. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.58. Centene Corp has a 52-week low of $45.44 and a 52-week high of $74.49. The company has a market capitalization of $22.27 billion, a P/E ratio of 15.07, a P/E/G ratio of 0.92 and a beta of 0.99.

Centene (NYSE:CNC) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $1.39 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.32 by $0.07. Centene had a return on equity of 14.60% and a net margin of 1.66%. The business had revenue of $18.44 billion for the quarter, compared to the consensus estimate of $17.44 billion. During the same period in the prior year, the business earned $2.17 earnings per share. The business’s revenue was up 39.8% on a year-over-year basis. On average, sell-side analysts anticipate that Centene Corp will post 4.37 earnings per share for the current year.

Several analysts have weighed in on the company. Zacks Investment Research lowered Centene from a “buy” rating to a “hold” rating and set a $59.00 target price on the stock. in a report on Wednesday, May 29th. Citigroup raised Centene from a “neutral” rating to a “buy” rating and set a $69.00 target price on the stock in a report on Friday, May 10th. ValuEngine lowered Centene from a “sell” rating to a “strong sell” rating in a report on Thursday, May 2nd. SunTrust Banks lowered their target price on Centene to $80.00 and set a “buy” rating on the stock in a report on Wednesday, April 24th. Finally, Morgan Stanley lowered their target price on Centene from $83.00 to $75.00 and set an “overweight” rating on the stock in a report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seventeen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $75.69.

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About Centene

Centene Corporation operates as a diversified and multi-national healthcare enterprise that provides programs and services to under-insured and uninsured individuals in the United States. The company's Managed Care segment offers health plan coverage to individuals through government subsidized programs, including Medicaid, the State children's health insurance program, long-term services and support, foster care, and medicare-medicaid plans, which covers dually eligible individuals, as well as aged, blind, or disabled programs.

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Institutional Ownership by Quarter for Centene (NYSE:CNC)

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