Centene Co. (NYSE:CNC) Shares Sold by Portside Wealth Group LLC

Portside Wealth Group LLC lowered its stake in Centene Co. (NYSE:CNC) by 2.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,771 shares of the company’s stock after selling 205 shares during the period. Portside Wealth Group LLC’s holdings in Centene were worth $736,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. EP Wealth Advisors LLC grew its holdings in Centene by 1.0% during the 1st quarter. EP Wealth Advisors LLC now owns 13,604 shares of the company’s stock worth $1,068,000 after acquiring an additional 133 shares in the last quarter. WR Wealth Planners LLC increased its holdings in Centene by 41.4% in the second quarter. WR Wealth Planners LLC now owns 468 shares of the company’s stock valued at $31,000 after buying an additional 137 shares during the last quarter. Whittier Trust Co. raised its stake in Centene by 10.0% in the second quarter. Whittier Trust Co. now owns 1,562 shares of the company’s stock valued at $104,000 after buying an additional 142 shares in the last quarter. Mount Yale Investment Advisors LLC lifted its holdings in Centene by 2.1% during the 3rd quarter. Mount Yale Investment Advisors LLC now owns 8,082 shares of the company’s stock worth $608,000 after buying an additional 167 shares during the last quarter. Finally, Bleakley Financial Group LLC boosted its position in shares of Centene by 2.4% during the 1st quarter. Bleakley Financial Group LLC now owns 7,287 shares of the company’s stock worth $572,000 after acquiring an additional 173 shares in the last quarter. 93.63% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on CNC shares. Deutsche Bank Aktiengesellschaft boosted their target price on Centene from $82.00 to $87.00 and gave the stock a “hold” rating in a research note on Friday, August 2nd. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $90.00 target price on shares of Centene in a research report on Tuesday, October 1st. Oppenheimer reduced their price target on shares of Centene from $110.00 to $95.00 and set an “outperform” rating for the company in a research report on Monday, July 29th. StockNews.com cut Centene from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 28th. Finally, Jefferies Financial Group cut Centene from a “buy” rating to a “hold” rating and decreased their target price for the company from $83.00 to $69.00 in a research report on Wednesday, July 24th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Centene has an average rating of “Moderate Buy” and an average price target of $83.92.

Centene Stock Down 3.8 %

CNC stock opened at $60.14 on Friday. Centene Co. has a one year low of $59.77 and a one year high of $81.42. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.10 and a current ratio of 1.10. The company has a fifty day moving average of $69.71 and a 200-day moving average of $71.58. The stock has a market capitalization of $30.36 billion, a PE ratio of 10.44, a price-to-earnings-growth ratio of 0.88 and a beta of 0.49.

Insider Activity at Centene

In other Centene news, CEO Sarah London bought 4,117 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was 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 owns 667,229 shares in the company, valued at approximately $40,567,523.20. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.33% of the stock is owned by insiders.

Centene Company Profile

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.