Canada Pension Plan Investment Board decreased its holdings in WellCare Health Plans, Inc. (NYSE:WCG) by 43.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 134,100 shares of the company’s stock after selling 102,400 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.30% of WellCare Health Plans worth $33,021,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the stock. ARP Americas LP lifted its holdings in shares of WellCare Health Plans by 6.5% in the 1st quarter. ARP Americas LP now owns 5,842 shares of the company’s stock worth $1,131,000 after acquiring an additional 356 shares during the last quarter. Alps Advisors Inc. bought a new stake in shares of WellCare Health Plans in the 1st quarter worth approximately $479,000. SG Americas Securities LLC lifted its holdings in shares of WellCare Health Plans by 65.8% in the 1st quarter. SG Americas Securities LLC now owns 14,712 shares of the company’s stock worth $2,849,000 after acquiring an additional 5,840 shares during the last quarter. Mackay Shields LLC bought a new stake in shares of WellCare Health Plans in the 1st quarter worth approximately $37,206,000. Finally, Trexquant Investment LP bought a new stake in WellCare Health Plans during the 1st quarter valued at $1,592,000. Institutional investors and hedge funds own 97.75% of the company’s stock.

Shares of WellCare Health Plans stock opened at $294.74 on Monday. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.44. The firm has a market cap of $12.84 billion, a price-to-earnings ratio of 34.59, a P/E/G ratio of 1.78 and a beta of 0.96. WellCare Health Plans, Inc. has a 12-month low of $162.25 and a 12-month high of $296.36.

WellCare Health Plans (NYSE:WCG) last issued its quarterly earnings data on Tuesday, July 31st. The company reported $3.69 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.03 by $0.66. The business had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.65 billion. WellCare Health Plans had a net margin of 2.69% and a return on equity of 19.20%. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.52 EPS. analysts forecast that WellCare Health Plans, Inc. will post 10.88 earnings per share for the current year.

A number of research firms recently commented on WCG. SunTrust Banks upped their price target on shares of WellCare Health Plans to $315.00 and gave the company a “buy” rating in a report on Wednesday, August 1st. Morgan Stanley upped their price target on shares of WellCare Health Plans from $258.00 to $280.00 and gave the company an “equal weight” rating in a report on Wednesday, August 1st. Cantor Fitzgerald upped their price target on shares of WellCare Health Plans to $292.00 and gave the company an “overweight” rating in a report on Wednesday, August 1st. Barclays upped their price target on shares of WellCare Health Plans from $288.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday, August 1st. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $268.00 price target on shares of WellCare Health Plans in a report on Wednesday, August 1st. Two analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. WellCare Health Plans presently has a consensus rating of “Buy” and a consensus price target of $267.94.

WellCare Health Plans Profile

WellCare Health Plans, Inc provides managed care services for government-sponsored health care programs. It operates through three segments: Medicaid Health Plans, Medicare Health Plans, and Medicare 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 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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