Oakbrook Investments LLC lifted its position in WellCare Health Plans, Inc. (NYSE:WCG) by 94.4% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 5,250 shares of the company’s stock after acquiring an additional 2,550 shares during the period. Oakbrook Investments LLC’s holdings in WellCare Health Plans were worth $1,416,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in WCG. FMR LLC grew its stake in shares of WellCare Health Plans by 118.1% in the fourth quarter. FMR LLC now owns 2,876,051 shares of the company’s stock valued at $679,007,000 after buying an additional 1,557,652 shares in the last quarter. Vanguard Group Inc boosted its position in WellCare Health Plans by 26.1% during the third quarter. Vanguard Group Inc now owns 5,602,927 shares of the company’s stock worth $1,795,681,000 after purchasing an additional 1,159,497 shares during the period. Vanguard Group Inc. boosted its position in WellCare Health Plans by 26.1% during the third quarter. Vanguard Group Inc. now owns 5,602,927 shares of the company’s stock worth $1,795,681,000 after purchasing an additional 1,159,497 shares during the period. Carmignac Gestion bought a new position in WellCare Health Plans during the fourth quarter worth $168,192,000. Finally, Norges Bank bought a new position in WellCare Health Plans during the fourth quarter worth $147,415,000. 98.49% of the stock is owned by institutional investors and hedge funds.

WCG opened at $252.29 on Friday. WellCare Health Plans, Inc. has a fifty-two week low of $199.23 and a fifty-two week high of $324.99. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.36 and a quick ratio of 1.36. The firm has a market cap of $12.41 billion, a PE ratio of 22.87, a PEG ratio of 1.26 and a beta of 1.24.

WellCare Health Plans (NYSE:WCG) last posted its earnings results on Tuesday, February 5th. The company reported $1.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.55 by $0.08. WellCare Health Plans had a return on equity of 15.39% and a net margin of 2.15%. The company had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.85 billion. During the same quarter last year, the firm earned $0.32 earnings per share. The company’s revenue was up 37.5% on a year-over-year basis. On average, sell-side analysts predict that WellCare Health Plans, Inc. will post 13.59 EPS for the current year.

A number of equities analysts have commented on the stock. BMO Capital Markets lifted their price objective on shares of WellCare Health Plans to $330.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 6th. ValuEngine raised shares of WellCare Health Plans from a “hold” rating to a “buy” rating in a research report on Thursday, January 24th. Credit Suisse Group assumed coverage on shares of WellCare Health Plans in a research report on Monday. They set a “neutral” rating and a $307.00 price objective for the company. Cowen assumed coverage on shares of WellCare Health Plans in a research report on Thursday, February 28th. They set an “outperform” rating for the company. Finally, Zacks Investment Research cut shares of WellCare Health Plans from a “buy” rating to a “hold” rating in a research report on Thursday. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $306.47.

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About WellCare Health Plans

WellCare Health Plans, Inc provides government-sponsored managed care services. The company operates in three segments: Medicaid Health Plans, Medicare Health Plans, and Medicare Prescription Drug Plans (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 programs 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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