Dynamic Technology Lab Private Ltd decreased its holdings in shares of WellCare Health Plans, Inc. (NYSE:WCG) by 86.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 898 shares of the company’s stock after selling 5,802 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in WellCare Health Plans were worth $221,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Thrivent Financial for Lutherans lifted its holdings in WellCare Health Plans by 3.9% during the 1st quarter. Thrivent Financial for Lutherans now owns 10,102 shares of the company’s stock worth $1,956,000 after buying an additional 377 shares during the last quarter. BlackRock Inc. lifted its holdings in WellCare Health Plans by 6.5% during the 1st quarter. BlackRock Inc. now owns 4,551,672 shares of the company’s stock worth $881,340,000 after buying an additional 279,764 shares during the last quarter. Natixis Advisors L.P. purchased a new stake in WellCare Health Plans during the 1st quarter worth about $2,983,000. New York State Common Retirement Fund lifted its holdings in WellCare Health Plans by 2.6% during the 1st quarter. New York State Common Retirement Fund now owns 128,841 shares of the company’s stock worth $24,947,000 after buying an additional 3,267 shares during the last quarter. Finally, Great West Life Assurance Co. Can lifted its holdings in WellCare Health Plans by 4.9% during the 1st quarter. Great West Life Assurance Co. Can now owns 32,399 shares of the company’s stock worth $6,278,000 after buying an additional 1,515 shares during the last quarter. Institutional investors and hedge funds own 97.38% of the company’s stock.

WellCare Health Plans stock opened at $307.48 on Tuesday. WellCare Health Plans, Inc. has a fifty-two week low of $162.25 and a fifty-two week high of $315.65. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $13.62 billion, a PE ratio of 36.09, a PEG ratio of 1.83 and a beta of 1.04.

WellCare Health Plans (NYSE:WCG) last posted its earnings results on Tuesday, July 31st. The company reported $3.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.03 by $0.66. WellCare Health Plans had a return on equity of 19.20% and a net margin of 2.69%. The business had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.65 billion. During the same period in the previous year, the business earned $2.52 EPS. The business’s quarterly revenue was up 7.8% on a year-over-year basis. equities research analysts expect that WellCare Health Plans, Inc. will post 10.79 EPS for the current year.

A number of brokerages have issued reports on WCG. Zacks Investment Research raised WellCare Health Plans from a “hold” rating to a “strong-buy” rating and set a $295.00 price target for the company in a report on Thursday, July 26th. SunTrust Banks lifted their price target on WellCare Health Plans to $315.00 and gave the stock a “buy” rating in a report on Wednesday, August 1st. Leerink Swann lifted their price target on WellCare Health Plans from $275.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday, May 30th. Bank of America lifted their price target on WellCare Health Plans from $260.00 to $270.00 and gave the stock a “buy” rating in a report on Tuesday, July 24th. Finally, Morgan Stanley lifted their price target on WellCare Health Plans from $258.00 to $280.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 1st. Two equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. WellCare Health Plans currently has an average rating of “Buy” and a consensus target price of $290.88.

About WellCare Health Plans

WellCare Health Plans, Inc provides managed care services for government-sponsored health care programs. It operates through three segments: Medicaid Health Plans, Medicare Health Plans, and Medicare PDPs. The Medicaid Health Plans segment offers plans for beneficiaries of temporary assistance for needy families, supplemental security income, and aged blind and disabled residents; and other state-based programs, such as children's health insurance programs and long-term services and supports for qualifying families who are not eligible for Medicaid.

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

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