Teachers Retirement System of The State of Kentucky raised its position in Centene Corporation (NYSE:CNC) by 828.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 190,513 shares of the company’s stock after purchasing an additional 170,000 shares during the quarter. Teachers Retirement System of The State of Kentucky owned 0.11% of Centene Corporation worth $15,219,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Renaissance Technologies LLC raised its position in Centene Corporation by 9.1% in the second quarter. Renaissance Technologies LLC now owns 886,316 shares of the company’s stock valued at $70,799,000 after purchasing an additional 73,700 shares during the period. Parametric Portfolio Associates LLC raised its position in Centene Corporation by 110.7% in the second quarter. Parametric Portfolio Associates LLC now owns 583,634 shares of the company’s stock valued at $46,621,000 after purchasing an additional 306,670 shares during the period. Globeflex Capital L P purchased a new stake in Centene Corporation in the second quarter valued at approximately $1,998,000. Nordea Investment Management AB raised its position in Centene Corporation by 2.3% in the second quarter. Nordea Investment Management AB now owns 9,663 shares of the company’s stock valued at $772,000 after purchasing an additional 216 shares during the period. Finally, Cibc World Markets Corp raised its position in Centene Corporation by 503.6% in the second quarter. Cibc World Markets Corp now owns 108,440 shares of the company’s stock valued at $8,662,000 after purchasing an additional 90,473 shares during the period. 92.32% of the stock is currently owned by institutional investors.

In related news, EVP Christopher D. Bowers sold 4,000 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $79.43, for a total transaction of $317,720.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Michael F. Neidorff sold 35,000 shares of the business’s stock in a transaction dated Thursday, July 6th. The shares were sold at an average price of $80.26, for a total transaction of $2,809,100.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 43,167 shares of company stock valued at $3,470,973. Insiders own 3.00% of the company’s stock.

CNC has been the topic of a number of research analyst reports. Cantor Fitzgerald reissued a “buy” rating and issued a $90.00 target price on shares of Centene Corporation in a research report on Tuesday, July 25th. Jefferies Group LLC reaffirmed a “buy” rating and set a $94.00 price objective on shares of Centene Corporation in a research report on Friday, July 14th. Bank of America Corporation upped their price objective on Centene Corporation from $93.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, July 14th. Deutsche Bank AG upped their price objective on Centene Corporation from $84.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, July 13th. Finally, BidaskClub lowered Centene Corporation from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $92.76.

Shares of Centene Corporation (CNC) traded up 0.77% during midday trading on Monday, hitting $92.93. 538,577 shares of the stock traded hands. The stock has a market cap of $16.03 billion, a price-to-earnings ratio of 20.39 and a beta of 0.63. Centene Corporation has a one year low of $50.00 and a one year high of $98.72. The firm has a 50-day moving average price of $86.60 and a 200 day moving average price of $78.42.

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

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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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