True Wealth Design LLC Purchases 1,752 Shares of Centene Co. (NYSE:CNC)

True Wealth Design LLC lifted its position in Centene Co. (NYSE:CNC) by 198.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,633 shares of the company’s stock after purchasing an additional 1,752 shares during the period. True Wealth Design LLC’s holdings in Centene were worth $159,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Stratos Wealth Partners LTD. boosted its stake in Centene by 4.1% in the 4th quarter. Stratos Wealth Partners LTD. now owns 4,094 shares of the company’s stock worth $248,000 after purchasing an additional 163 shares in the last quarter. Capital Advisors Ltd. LLC raised its stake in Centene by 75.3% during the 4th quarter. Capital Advisors Ltd. LLC now owns 412 shares of the company’s stock worth $25,000 after acquiring an additional 177 shares during the period. Private Trust Co. NA boosted its holdings in Centene by 23.7% in the 4th quarter. Private Trust Co. NA now owns 956 shares of the company’s stock worth $58,000 after buying an additional 183 shares during the period. Howard Capital Management Inc. grew its holdings in Centene by 5.4% during the 4th quarter. Howard Capital Management Inc. now owns 3,591 shares of the company’s stock valued at $218,000 after buying an additional 184 shares in the last quarter. Finally, Intellectus Partners LLC grew its holdings in Centene by 2.8% during the 4th quarter. Intellectus Partners LLC now owns 7,224 shares of the company’s stock valued at $438,000 after buying an additional 200 shares in the last quarter. Institutional investors own 93.63% of the company’s stock.

Centene Stock Performance

CNC opened at $61.78 on Friday. The firm has a market cap of $30.74 billion, a PE ratio of 9.90, a P/E/G ratio of 0.80 and a beta of 0.48. The company has a quick ratio of 1.10, a current ratio of 1.11 and a debt-to-equity ratio of 0.70. The business has a fifty day simple moving average of $60.66 and a 200-day simple moving average of $60.45. Centene Co. has a fifty-two week low of $55.03 and a fifty-two week high of $80.59.

Centene (NYSE:CNC) last released its quarterly earnings data on Friday, April 25th. The company reported $2.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.52 by $0.38. Centene had a return on equity of 13.85% and a net margin of 2.03%. The firm had revenue of $46.62 billion during the quarter, compared to analysts’ expectations of $43.16 billion. During the same quarter last year, the firm earned $2.26 earnings per share. The business’s revenue for the quarter was up 15.4% on a year-over-year basis. As a group, equities analysts predict that Centene Co. will post 6.86 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on CNC shares. Barclays lowered their price target on Centene from $93.00 to $84.00 and set an “overweight” rating for the company in a research report on Monday, April 28th. Guggenheim reiterated a “neutral” rating on shares of Centene in a research note on Tuesday, April 29th. Argus lowered Centene from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Jefferies Financial Group decreased their price target on Centene from $64.00 to $61.00 and set a “hold” rating for the company in a report on Tuesday, April 29th. Finally, StockNews.com cut Centene from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 28th. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, Centene has a consensus rating of “Moderate Buy” and an average price target of $79.77.

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.