OxFORD Asset Management LLP decreased its holdings in WellCare Health Plans, Inc. (NYSE:WCG) by 17.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,802 shares of the company’s stock after selling 4,155 shares during the quarter. OxFORD Asset Management LLP’s holdings in WellCare Health Plans were worth $3,556,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. M&T Bank Corp grew its stake in shares of WellCare Health Plans by 0.3% in the second quarter. M&T Bank Corp now owns 2,088 shares of the company’s stock worth $376,000 after purchasing an additional 6 shares during the last quarter. World Asset Management Inc grew its stake in shares of WellCare Health Plans by 0.3% in the second quarter. World Asset Management Inc now owns 3,428 shares of the company’s stock worth $616,000 after purchasing an additional 11 shares during the last quarter. Neuberger Berman Group LLC grew its stake in shares of WellCare Health Plans by 1.1% in the first quarter. Neuberger Berman Group LLC now owns 1,539 shares of the company’s stock worth $216,000 after purchasing an additional 16 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of WellCare Health Plans by 0.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,493 shares of the company’s stock worth $1,166,000 after purchasing an additional 22 shares during the last quarter. Finally, Meeder Asset Management Inc. grew its stake in shares of WellCare Health Plans by 0.6% in the second quarter. Meeder Asset Management Inc. now owns 9,779 shares of the company’s stock worth $1,755,000 after purchasing an additional 63 shares during the last quarter. 97.78% of the stock is currently owned by institutional investors.

WellCare Health Plans, Inc. (WCG) opened at 171.74 on Friday. WellCare Health Plans, Inc. has a 52-week low of $113.34 and a 52-week high of $184.88. The company has a market cap of $7.64 billion, a PE ratio of 30.17 and a beta of 0.88. The stock’s 50 day moving average is $173.61 and its 200-day moving average is $166.40.

WellCare Health Plans (NYSE:WCG) last released its quarterly earnings data on Friday, August 4th. The company reported $2.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.23 by $0.29. WellCare Health Plans had a net margin of 1.66% and a return on equity of 14.91%. The firm had revenue of $4.31 billion for the quarter, compared to analysts’ expectations of $4.23 billion. During the same quarter in the previous year, the company earned $2.23 earnings per share. The company’s revenue for the quarter was up 19.8% compared to the same quarter last year. Equities research analysts predict that WellCare Health Plans, Inc. will post $7.00 EPS for the current fiscal year.

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

Several analysts recently weighed in on WCG shares. Deutsche Bank AG boosted their price objective on shares of WellCare Health Plans from $185.00 to $192.00 and gave the stock a “buy” rating in a research note on Thursday, July 13th. Cantor Fitzgerald reissued a “buy” rating and issued a $195.00 price objective on shares of WellCare Health Plans in a research note on Saturday, August 26th. Zacks Investment Research cut shares of WellCare Health Plans from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Bank of America Corporation upped their price target on shares of WellCare Health Plans from $185.00 to $189.00 and gave the company a “neutral” rating in a research report on Friday, July 14th. Finally, Leerink Swann reaffirmed an “outperform” rating and set a $225.00 price target (up previously from $185.00) on shares of WellCare Health Plans in a research report on Thursday, June 22nd. Nine investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. WellCare Health Plans currently has a consensus rating of “Hold” and a consensus target price of $176.23.

About WellCare Health Plans

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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