C WorldWide Group Holding A S decreased its stake in Centene Corporation (NYSE:CNC) by 19.4% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 203,544 shares of the company’s stock after selling 49,126 shares during the period. C WorldWide Group Holding A S’s holdings in Centene Corporation were worth $16,259,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of CNC. BlackRock Inc. raised its stake in Centene Corporation by 3,408.1% in the first quarter. BlackRock Inc. now owns 15,510,470 shares of the company’s stock worth $1,105,275,000 after buying an additional 15,068,340 shares during the last quarter. OppenheimerFunds Inc. raised its stake in Centene Corporation by 271.2% in the first quarter. OppenheimerFunds Inc. now owns 1,799,160 shares of the company’s stock worth $128,208,000 after buying an additional 1,314,514 shares during the last quarter. Pioneer Investment Management Inc. raised its stake in Centene Corporation by 1,534.7% in the first quarter. Pioneer Investment Management Inc. now owns 1,369,670 shares of the company’s stock worth $97,603,000 after buying an additional 1,285,885 shares during the last quarter. AQR Capital Management LLC raised its stake in Centene Corporation by 108.0% in the first quarter. AQR Capital Management LLC now owns 2,088,867 shares of the company’s stock worth $148,853,000 after buying an additional 1,084,628 shares during the last quarter. Finally, Wellington Management Group LLP purchased a new stake in Centene Corporation during the first quarter worth $55,478,000. 93.61% of the stock is currently owned by institutional investors and hedge funds.

Shares of Centene Corporation (NYSE:CNC) opened at 81.41 on Friday. Centene Corporation has a 12-month low of $50.00 and a 12-month high of $87.94. The firm has a market capitalization of $14.04 billion, a P/E ratio of 17.86 and a beta of 0.66. The stock has a 50 day moving average price of $82.26 and a 200 day moving average price of $74.36.

Centene Corporation (NYSE:CNC) last released its earnings results on Tuesday, July 25th. The company reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.29. Centene Corporation had a return on equity of 14.62% and a net margin of 1.72%. The company had revenue of $11.95 billion during the quarter, compared to the consensus estimate of $11.69 billion. During the same quarter last year, the company earned $1.29 earnings per share. Centene Corporation’s quarterly revenue was up 9.7% compared to the same quarter last year. Equities analysts anticipate that Centene Corporation will post $4.92 earnings per share for the current fiscal year.

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A number of analysts recently weighed in on the stock. Piper Jaffray Companies restated a “buy” rating and set a $105.00 target price on shares of Centene Corporation in a research note on Thursday, July 27th. Zacks Investment Research lowered shares of Centene Corporation from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. UBS AG restated a “buy” rating and set a $95.00 target price (up from $88.00) on shares of Centene Corporation in a research note on Wednesday, July 26th. Jefferies Group LLC restated a “buy” rating and set a $98.00 target price on shares of Centene Corporation in a research note on Thursday, July 27th. Finally, ValuEngine upgraded shares of Centene Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $86.82.

In other news, EVP Christopher D. Bowers sold 4,000 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $79.43, for a total value of $317,720.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert K. Ditmore sold 4,167 shares of the firm’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $82.59, for a total value of $344,152.53. The disclosure for this sale can be found here. In the last three months, insiders sold 53,578 shares of company stock valued at $4,264,757. 3.00% of the stock is owned by corporate insiders.

About Centene Corporation

Centene Corporation is a healthcare company. The Company provides a portfolio of services to government sponsored healthcare programs, focusing on under-insured and uninsured individuals. The Company operates through two segments: Managed Care and Specialty Services. The Company’s Managed Care segment provides health plan coverage to individuals, through government subsidized programs, including Medicaid, the State Children’s Health Insurance Program (CHIP), Long Term Care, Foster Care, dual-eligible individuals (Duals) and the Supplemental Security Income Program, also known as the Aged, Blind or Disabled Program (ABD), Medicare, and Health Insurance Marketplace.

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Institutional Ownership by Quarter for Centene Corporation (NYSE:CNC)

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