Public Employees Retirement Association of Colorado reduced its holdings in WellCare Health Plans, Inc. (NYSE:WCG) by 10.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,451 shares of the company’s stock after selling 1,151 shares during the period. Public Employees Retirement Association of Colorado’s holdings in WellCare Health Plans were worth $1,623,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the company. M&T Bank Corp lifted 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 buying an additional 6 shares in the last quarter. World Asset Management Inc lifted 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 buying an additional 11 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted 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 buying an additional 22 shares in the last quarter. Meeder Asset Management Inc. lifted 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 buying an additional 63 shares in the last quarter. Finally, Advisory Services Network LLC lifted its stake in shares of WellCare Health Plans by 8.4% in the second quarter. Advisory Services Network LLC now owns 866 shares of the company’s stock worth $155,000 after buying an additional 67 shares in the last quarter. 97.84% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently weighed in on WCG shares. BidaskClub downgraded shares of WellCare Health Plans from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. ValuEngine raised shares of WellCare Health Plans from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Cantor Fitzgerald reissued a “buy” rating and issued a $195.00 price target on shares of WellCare Health Plans in a research note on Saturday, August 26th. Zacks Investment Research raised shares of WellCare Health Plans from a “hold” rating to a “buy” rating and set a $193.00 price target on the stock in a research note on Friday, August 11th. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $214.00 price target on shares of WellCare Health Plans in a research note on Wednesday, November 1st. Eleven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. WellCare Health Plans has a consensus rating of “Hold” and a consensus price target of $195.27.

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Shares of WellCare Health Plans, Inc. (NYSE:WCG) opened at $200.55 on Friday. WellCare Health Plans, Inc. has a 12-month low of $119.69 and a 12-month high of $208.89. The firm has a market cap of $8,933.70, a PE ratio of 21.72, a price-to-earnings-growth ratio of 1.54 and a beta of 0.81. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.28 and a current ratio of 1.28.

WellCare Health Plans (NYSE:WCG) last announced its quarterly earnings results on Tuesday, October 31st. The company reported $4.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $2.18. WellCare Health Plans had a net margin of 2.21% and a return on equity of 19.42%. The business had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $4.37 billion. During the same period last year, the business earned $1.63 earnings per share. The business’s revenue for the quarter was up 22.8% on a year-over-year basis. equities research analysts anticipate that WellCare Health Plans, Inc. will post 8.46 EPS for the current year.

In other WellCare Health Plans news, Director Carol Burt sold 997 shares of WellCare Health Plans stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $202.20, for a total transaction of $201,593.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, 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 $4,116,768.48. The disclosure for this sale can be found here. 0.47% of the stock is owned by company insiders.

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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