Hood River Capital Management LLC raised its position in WellCare Health Plans, Inc. (NYSE:WCG) by 8.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 146,610 shares of the company’s stock after buying an additional 11,705 shares during the quarter. WellCare Health Plans comprises about 1.8% of Hood River Capital Management LLC’s holdings, making the stock its 14th largest position. Hood River Capital Management LLC owned about 0.33% of WellCare Health Plans worth $26,325,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of WCG. Wells Fargo & Company MN raised its stake in shares of WellCare Health Plans by 45.1% in the first quarter. Wells Fargo & Company MN now owns 78,410 shares of the company’s stock valued at $10,994,000 after buying an additional 24,362 shares during the period. World Asset Management Inc raised its stake in shares of WellCare Health Plans by 13.8% in the first quarter. World Asset Management Inc now owns 3,417 shares of the company’s stock valued at $479,000 after buying an additional 414 shares during the period. UBS Asset Management Americas Inc. raised its stake in shares of WellCare Health Plans by 31.3% in the first quarter. UBS Asset Management Americas Inc. now owns 62,459 shares of the company’s stock valued at $8,757,000 after buying an additional 14,884 shares during the period. Sei Investments Co. raised its stake in shares of WellCare Health Plans by 21.2% in the first quarter. Sei Investments Co. now owns 10,017 shares of the company’s stock valued at $1,404,000 after buying an additional 1,750 shares during the period. Finally, Martingale Asset Management L P bought a new stake in shares of WellCare Health Plans in the first quarter valued at $2,763,000. Hedge funds and other institutional investors own 97.78% of the company’s stock.

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WellCare Health Plans, Inc. (NYSE:WCG) traded up 0.66% during trading on Friday, reaching $167.16. The company had a trading volume of 447,090 shares. The firm’s 50-day moving average price is $173.61 and its 200 day moving average price is $166.40. The firm has a market capitalization of $7.44 billion, a P/E ratio of 29.37 and a beta of 0.88. WellCare Health Plans, Inc. has a one year low of $112.40 and a one year high of $184.88.

WellCare Health Plans (NYSE:WCG) last issued its quarterly earnings data on Friday, August 4th. The company reported $2.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.23 by $0.29. The firm had revenue of $4.31 billion during the quarter, compared to analyst estimates of $4.23 billion. WellCare Health Plans had a return on equity of 14.91% and a net margin of 1.66%. The business’s quarterly revenue was up 19.8% compared to the same quarter last year. During the same quarter last year, the business posted $2.23 earnings per share. Equities analysts forecast that WellCare Health Plans, Inc. will post $6.98 earnings per share for the current fiscal year.

In other news, Director Glenn Md Phd Steele, Jr. sold 8,374 shares of the firm’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $171.97, for a total transaction of $1,440,076.78. Following the completion of the transaction, the director now owns 5,722 shares in the company, valued at $984,012.34. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Kenneth A. Burdick sold 8,500 shares of the firm’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $174.24, for a total value of $1,481,040.00. Following the transaction, the chief executive officer now owns 23,627 shares of the company’s stock, valued at approximately $4,116,768.48. The disclosure for this sale can be found here. Company insiders own 0.50% of the company’s stock.

Several equities analysts have recently weighed in on the company. Credit Suisse Group reiterated a “neutral” rating and issued a $163.00 price target (up from $155.00) on shares of WellCare Health Plans in a research report on Thursday, July 13th. BidaskClub cut WellCare Health Plans from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Mitsubishi UFJ Financial Group assumed coverage on WellCare Health Plans in a research report on Thursday. They issued an “overweight” rating and a $204.00 price target for the company. Zacks Investment Research cut WellCare Health Plans from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Finally, ValuEngine upgraded WellCare Health Plans from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $176.23.

WellCare Health Plans Profile

WellCare Health Plans, Inc is a managed care company. The Company focuses 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 medical needs. The Company operates through three segments: Medicaid Health Plans, Medicare Health Plans and Medicare PDPs.

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

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