Hanseatic Management Services Inc. decreased its position in WellCare Health Plans, Inc. (NYSE:WCG) by 59.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,253 shares of the company’s stock after selling 9,085 shares during the quarter. WellCare Health Plans makes up approximately 1.2% of Hanseatic Management Services Inc.’s portfolio, making the stock its 23rd largest holding. Hanseatic Management Services Inc.’s holdings in WellCare Health Plans were worth $1,074,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in WCG. State of Alaska Department of Revenue bought a new position in WellCare Health Plans during the second quarter worth $121,000. Advisory Services Network LLC increased its position in WellCare Health Plans by 8.4% during the second quarter. Advisory Services Network LLC now owns 866 shares of the company’s stock worth $155,000 after acquiring an additional 67 shares during the period. Eagle Global Advisors LLC bought a new position in WellCare Health Plans during the second quarter worth $211,000. Harvest Fund Management Co. Ltd increased its position in WellCare Health Plans by 29.3% during the second quarter. Harvest Fund Management Co. Ltd now owns 1,318 shares of the company’s stock worth $237,000 after acquiring an additional 299 shares during the period. Finally, Ronald Blue & Co. LLC bought a new position in WellCare Health Plans during the second quarter worth $240,000. 98.17% of the stock is currently owned by institutional investors.

Shares of WellCare Health Plans, Inc. (NYSE:WCG) traded down $1.54 during trading hours on Wednesday, hitting $200.11. 324,100 shares of the stock traded hands, compared to its average volume of 365,341. WellCare Health Plans, Inc. has a 52 week low of $125.00 and a 52 week high of $208.89. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.28 and a quick ratio of 1.28. The firm has a market cap of $8,977.77, a P/E ratio of 21.82, a PEG ratio of 1.55 and a beta of 0.81.

WellCare Health Plans (NYSE:WCG) last issued its earnings results on Tuesday, October 31st. The company reported $4.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 company had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.37 billion. During the same quarter in the previous year, the company earned $1.63 EPS. The firm’s revenue for the quarter was up 22.8% compared to the same quarter last year. equities research analysts predict that WellCare Health Plans, Inc. will post 8.46 earnings per share for the current fiscal year.

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In other news, CEO Kenneth A. Burdick sold 8,500 shares of the business’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $174.24, for a total value of $1,481,040.00. Following the sale, the chief executive officer now owns 23,627 shares in the company, valued at approximately $4,116,768.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Carol Burt sold 997 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $202.20, for a total transaction of $201,593.40. The disclosure for this sale can be found here. 0.47% of the stock is currently owned by insiders.

A number of equities analysts recently issued reports on the stock. Zacks Investment Research raised shares of WellCare Health Plans from a “hold” rating to a “buy” rating and set a $221.00 target price on the stock in a research report on Thursday, November 2nd. Piper Jaffray Companies reaffirmed a “buy” rating and set a $214.00 target price on shares of WellCare Health Plans in a research report on Wednesday, November 1st. Jefferies Group LLC boosted their target price on shares of WellCare Health Plans from $189.00 to $190.00 and gave the stock a “hold” rating in a research report on Friday, October 13th. BidaskClub lowered shares of WellCare Health Plans from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Finally, Mitsubishi UFJ Financial Group assumed coverage on shares of WellCare Health Plans in a research report on Thursday, September 21st. They set an “overweight” rating and a $204.00 target price on the stock. Eleven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $195.27.

WellCare Health Plans Profile

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.

Institutional Ownership by Quarter for WellCare Health Plans (NYSE:WCG)

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