Anderson Hoagland & Co. Cuts Position in Centene Co. (NYSE:CNC)

Anderson Hoagland & Co. lowered its position in Centene Co. (NYSE:CNC) by 0.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,051 shares of the company’s stock after selling 288 shares during the quarter. Anderson Hoagland & Co.’s holdings in Centene were worth $2,244,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Park Place Capital Corp increased its holdings in Centene by 1,190.0% in the third quarter. Park Place Capital Corp now owns 387 shares of the company’s stock valued at $29,000 after buying an additional 357 shares during the last quarter. Private Trust Co. NA increased its holdings in shares of Centene by 75.3% in the 3rd quarter. Private Trust Co. NA now owns 773 shares of the company’s stock valued at $58,000 after acquiring an additional 332 shares during the last quarter. True Wealth Design LLC purchased a new stake in Centene during the third quarter worth approximately $66,000. EverSource Wealth Advisors LLC increased its stake in Centene by 104.8% in the second quarter. EverSource Wealth Advisors LLC now owns 1,231 shares of the company’s stock valued at $82,000 after purchasing an additional 630 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its holdings in Centene by 77.3% during the third quarter. Venturi Wealth Management LLC now owns 1,163 shares of the company’s stock worth $88,000 after purchasing an additional 507 shares in the last quarter. Institutional investors and hedge funds own 93.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on CNC shares. Stephens dropped their target price on shares of Centene from $75.00 to $73.00 and set an “equal weight” rating on the stock in a research report on Friday, December 13th. Cantor Fitzgerald reissued an “overweight” rating and issued a $90.00 target price on shares of Centene in a report on Wednesday, December 11th. StockNews.com lowered Centene from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 28th. Robert W. Baird decreased their price objective on Centene from $83.00 to $66.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Finally, Barclays lifted their target price on shares of Centene from $91.00 to $93.00 and gave the company an “overweight” rating in a report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.92.

Insiders Place Their Bets

In related news, CEO Sarah London purchased 4,117 shares of the stock in a transaction dated Friday, November 8th. The shares were acquired at an average cost of $60.80 per share, with a total value of $250,313.60. Following the purchase, the chief executive officer now directly owns 667,229 shares in the company, valued at $40,567,523.20. This trade represents a 0.62 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Andrew Lynn Asher acquired 17,200 shares of Centene stock in a transaction that occurred on Wednesday, November 13th. The stock was bought at an average price of $58.14 per share, with a total value of $1,000,008.00. Following the purchase, the chief financial officer now directly owns 486,847 shares of the company’s stock, valued at approximately $28,305,284.58. This trade represents a 3.66 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 45,010 shares of company stock worth $2,660,276. Company insiders own 0.33% of the company’s stock.

Centene Trading Down 0.8 %

Shares of Centene stock opened at $64.61 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.64. The firm has a market cap of $32.62 billion, a price-to-earnings ratio of 11.22, a price-to-earnings-growth ratio of 0.85 and a beta of 0.45. Centene Co. has a 52-week low of $55.03 and a 52-week high of $81.42. The company’s 50-day simple moving average is $60.63 and its 200-day simple moving average is $67.23.

About Centene

Centene Corporation operates as a healthcare enterprise that provides programs and services to under-insured and uninsured families, commercial organizations, and military families in the United States. The company operates through Medicaid, Medicare, Commercial, and Other segments. The Medicaid segment offers health plan coverage, including medicaid expansion, aged, blind, disabled, children’s health insurance program, foster care, medicare-medicaid plans, long-term services and support.