Capstone Investment Advisors LLC increased its stake in shares of WellCare Health Plans, Inc. (NYSE:WCG) by 193.2% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 15,328 shares of the company’s stock after buying an additional 10,100 shares during the period. Capstone Investment Advisors LLC’s holdings in WellCare Health Plans were worth $2,101,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in WellCare Health Plans by 30.3% in the third quarter. JPMorgan Chase & Co. now owns 1,988,127 shares of the company’s stock valued at $232,789,000 after buying an additional 462,749 shares during the period. BlackRock Fund Advisors boosted its position in WellCare Health Plans by 2.6% in the third quarter. BlackRock Fund Advisors now owns 1,721,793 shares of the company’s stock valued at $201,605,000 after buying an additional 43,724 shares during the period. Acadian Asset Management LLC boosted its position in WellCare Health Plans by 18.0% in the third quarter. Acadian Asset Management LLC now owns 1,689,536 shares of the company’s stock valued at $197,830,000 after buying an additional 257,930 shares during the period. BlackRock Institutional Trust Company N.A. boosted its position in WellCare Health Plans by 2.5% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,352,294 shares of the company’s stock valued at $158,340,000 after buying an additional 33,610 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in WellCare Health Plans by 2.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 833,483 shares of the company’s stock valued at $114,255,000 after buying an additional 16,912 shares during the period.

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

Shares of WellCare Health Plans, Inc. (NYSE:WCG) traded down 0.28% during mid-day trading on Thursday, reaching $141.15. The company had a trading volume of 614,341 shares. WellCare Health Plans, Inc. has a 1-year low of $81.83 and a 1-year high of $151.93. The stock has a market capitalization of $6.25 billion, a price-to-earnings ratio of 25.99 and a beta of 1.00. The firm has a 50-day moving average price of $143.22 and a 200-day moving average price of $126.72.

WellCare Health Plans (NYSE:WCG) last released its quarterly earnings data on Tuesday, February 7th. The company reported $1.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.51. WellCare Health Plans had a return on equity of 14.01% and a net margin of 1.70%. The business had revenue of $3.52 billion for the quarter, compared to the consensus estimate of $3.56 billion. During the same quarter in the previous year, the company posted $0.64 EPS. The company’s revenue was up .6% compared to the same quarter last year. Equities analysts expect that WellCare Health Plans, Inc. will post $6.41 earnings per share for the current year.

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Several brokerages have issued reports on WCG. Cantor Fitzgerald reaffirmed a “hold” rating on shares of WellCare Health Plans in a research note on Tuesday, February 7th. Jefferies Group LLC upped their target price on WellCare Health Plans from $137.00 to $142.00 and gave the stock a “hold” rating in a research note on Wednesday, February 8th. Piper Jaffray Companies upped their target price on WellCare Health Plans from $155.00 to $160.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 8th. Barclays PLC upped their target price on WellCare Health Plans from $146.00 to $154.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 8th. Finally, J P Morgan Chase & Co lowered WellCare Health Plans from an “overweight” rating to a “neutral” rating in a research note on Tuesday, January 31st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $123.83.

In other WellCare Health Plans news, Director Paul E. Weaver sold 3,000 shares of WellCare Health Plans stock in a transaction that occurred on Friday, November 18th. The stock was sold at an average price of $128.83, for a total value of $386,490.00. Following the sale, the director now owns 15,892 shares of the company’s stock, valued at approximately $2,047,366.36. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.50% of the company’s stock.

WellCare Health Plans Company Profile

WellCare Health Plans, Inc is a managed care company focused on government-sponsored managed care services, primarily through Medicaid, Medicare Advantage (MA) and Medicare Prescription Drug Plans (PDPs) to families, children, seniors and individuals with complex medical needs. The Company’s segments include Medicaid Health Plans, Medicare Health Plans and Medicare PDPs.

5 Day Chart for NYSE:WCG

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