Prescott Group Capital Management L.L.C. bought a new position in shares of Centene Corporation (NYSE:CNC) in the 4th quarter, Holdings Channel reports. The firm bought 3,000 shares of the company’s stock, valued at approximately $303,000.

A number of other hedge funds have also bought and sold shares of the stock. Elk Creek Partners LLC lifted its stake in Centene by 11.5% during the third quarter. Elk Creek Partners LLC now owns 5,264 shares of the company’s stock worth $509,000 after purchasing an additional 542 shares during the last quarter. Mutual of America Capital Management LLC lifted its stake in Centene by 1.6% in the third quarter. Mutual of America Capital Management LLC now owns 34,834 shares of the company’s stock valued at $3,371,000 after buying an additional 562 shares during the last quarter. Savant Capital LLC lifted its stake in Centene by 19.7% in the third quarter. Savant Capital LLC now owns 3,580 shares of the company’s stock valued at $346,000 after buying an additional 590 shares during the last quarter. CIBC Asset Management Inc lifted its stake in Centene by 4.0% in the third quarter. CIBC Asset Management Inc now owns 16,475 shares of the company’s stock valued at $1,594,000 after buying an additional 630 shares during the last quarter. Finally, Eqis Capital Management Inc. lifted its stake in Centene by 5.1% in the fourth quarter. Eqis Capital Management Inc. now owns 13,862 shares of the company’s stock valued at $1,398,000 after buying an additional 672 shares during the last quarter. Hedge funds and other institutional investors own 92.03% of the company’s stock.

Centene Corporation (NYSE:CNC) opened at $101.66 on Monday. Centene Corporation has a twelve month low of $65.03 and a twelve month high of $112.42. The firm has a market capitalization of $17,631.61, a price-to-earnings ratio of 21.68, a P/E/G ratio of 0.96 and a beta of 0.71. The company has a current ratio of 0.93, a quick ratio of 0.99 and a debt-to-equity ratio of 0.68.

Centene (NYSE:CNC) last announced its quarterly earnings data on Tuesday, February 6th. The company reported $0.97 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.03. The firm had revenue of $12.81 billion for the quarter, compared to analyst estimates of $12.25 billion. Centene had a return on equity of 13.68% and a net margin of 1.71%. Centene’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.19 earnings per share. analysts expect that Centene Corporation will post 7.23 EPS for the current fiscal year.

A number of equities research analysts have weighed in on the company. Cantor Fitzgerald boosted their price objective on Centene from $115.00 to $125.00 and gave the company an “overweight” rating in a research note on Wednesday, February 7th. Credit Suisse Group boosted their price objective on Centene from $110.00 to $112.00 and gave the company a “neutral” rating in a research note on Wednesday, February 7th. Morgan Stanley boosted their price objective on Centene from $118.00 to $126.00 and gave the company an “overweight” rating in a research note on Wednesday, February 7th. Citigroup reiterated an “outperform” rating and issued a $130.00 price objective (up previously from $122.00) on shares of Centene in a research note on Wednesday, February 7th. Finally, ValuEngine upgraded Centene from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Three research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $110.28.

In other Centene news, Director Robert K. Ditmore sold 8,750 shares of the business’s stock in a transaction on Monday, January 8th. The stock was sold at an average price of $104.30, for a total transaction of $912,625.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Keith H. Williamson sold 5,000 shares of the business’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $100.11, for a total value of $500,550.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,750 shares of company stock worth $2,400,475. 3.00% of the stock is owned by company insiders.

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About Centene

Centene Corporation is a healthcare company. The Company provides a portfolio of services to government sponsored healthcare programs, focusing on under-insured and uninsured individuals. The Company operates through two segments: Managed Care and Specialty Services. The Company’s Managed Care segment provides health plan coverage to individuals, through government subsidized programs, including Medicaid, the State Children’s Health Insurance Program (CHIP), Long Term Care, Foster Care, dual-eligible individuals (Duals) and the Supplemental Security Income Program, also known as the Aged, Blind or Disabled Program (ABD), Medicare, and Health Insurance Marketplace.

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Institutional Ownership by Quarter for Centene (NYSE:CNC)

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