LPL Financial LLC increased its position in shares of Centene Corp (NYSE:CNC) by 10.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 78,542 shares of the company’s stock after purchasing an additional 7,119 shares during the period. LPL Financial LLC’s holdings in Centene were worth $4,119,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in CNC. Zions Bancorporation N.A. grew its stake in shares of Centene by 131.5% in the first quarter. Zions Bancorporation N.A. now owns 602 shares of the company’s stock valued at $32,000 after acquiring an additional 342 shares in the last quarter. Global Retirement Partners LLC boosted its holdings in Centene by 568.0% in the 1st quarter. Global Retirement Partners LLC now owns 648 shares of the company’s stock valued at $34,000 after purchasing an additional 551 shares during the period. Reilly Financial Advisors LLC grew its position in shares of Centene by 133.3% during the 2nd quarter. Reilly Financial Advisors LLC now owns 700 shares of the company’s stock worth $37,000 after purchasing an additional 400 shares in the last quarter. Berman Capital Advisors LLC grew its position in shares of Centene by 369.3% during the 1st quarter. Berman Capital Advisors LLC now owns 826 shares of the company’s stock worth $43,000 after purchasing an additional 650 shares in the last quarter. Finally, Cullen Frost Bankers Inc. increased its holdings in shares of Centene by 1,566.7% during the second quarter. Cullen Frost Bankers Inc. now owns 900 shares of the company’s stock worth $47,000 after purchasing an additional 846 shares during the period. 97.76% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Centene from a “buy” rating to a “hold” rating and set a $49.00 price target for the company. in a research report on Monday, September 2nd. ValuEngine downgraded Centene from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 2nd. Finally, Morgan Stanley lowered their price objective on Centene from $71.00 to $64.00 and set an “overweight” rating on the stock in a research note on Friday, August 23rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $73.95.

Shares of Centene stock traded down $0.65 on Wednesday, reaching $46.66. 77,098 shares of the stock were exchanged, compared to its average volume of 4,025,669. The firm’s 50 day moving average is $48.47 and its 200-day moving average is $53.32. Centene Corp has a one year low of $44.50 and a one year high of $74.49. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market cap of $19.12 billion, a PE ratio of 13.22, a P/E/G ratio of 0.74 and a beta of 0.85.

Centene (NYSE:CNC) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $1.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.24 by $0.10. Centene had a net margin of 1.84% and a return on equity of 15.87%. The business had revenue of $18.36 billion for the quarter, compared to analyst estimates of $18.02 billion. During the same quarter last year, the business posted $0.90 EPS. The firm’s revenue for the quarter was up 29.4% on a year-over-year basis. On average, equities research analysts expect that Centene Corp will post 4.42 EPS for the current fiscal year.

In other Centene news, Director Jessica L. Blume acquired 2,850 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The stock was acquired at an average cost of $52.99 per share, for a total transaction of $151,021.50. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 2.50% of the company’s stock.

Centene Company Profile

Centene Corporation operates as a diversified and multi-national healthcare enterprise that provides programs and services to under-insured and uninsured individuals in the United States. The company's Managed Care segment offers health plan coverage to individuals through government subsidized programs, including Medicaid, the State children's health insurance program, long-term services and support, foster care, and medicare-medicaid plans, which covers dually eligible individuals, as well as aged, blind, or disabled programs.

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Institutional Ownership by Quarter for Centene (NYSE:CNC)

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