Rothschild Investment LLC Increases Stock Holdings in Centene Corporation $CNC

Rothschild Investment LLC lifted its position in Centene Corporation (NYSE:CNC) by 366.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,519 shares of the company’s stock after buying an additional 20,835 shares during the quarter. Rothschild Investment LLC’s holdings in Centene were worth $1,091,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of CNC. Addison Advisors LLC raised its stake in Centene by 455.6% in the third quarter. Addison Advisors LLC now owns 739 shares of the company’s stock valued at $26,000 after purchasing an additional 606 shares in the last quarter. SBI Securities Co. Ltd. raised its stake in Centene by 118.4% in the fourth quarter. SBI Securities Co. Ltd. now owns 749 shares of the company’s stock valued at $31,000 after purchasing an additional 406 shares in the last quarter. Ameriflex Group Inc. raised its stake in Centene by 152.5% in the third quarter. Ameriflex Group Inc. now owns 1,010 shares of the company’s stock valued at $36,000 after purchasing an additional 610 shares in the last quarter. GoalVest Advisory LLC purchased a new stake in Centene in the fourth quarter valued at approximately $37,000. Finally, Union Bancaire Privee UBP SA purchased a new stake in Centene in the fourth quarter valued at approximately $37,000. 93.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Cantor Fitzgerald upgraded shares of Centene from a “neutral” rating to an “overweight” rating and increased their price target for the company from $41.00 to $60.00 in a research report on Tuesday, April 28th. The Goldman Sachs Group reiterated a “sell” rating and set a $40.00 price target on shares of Centene in a research report on Wednesday, April 29th. Truist Financial increased their price target on shares of Centene from $49.00 to $58.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Jefferies Financial Group increased their price target on shares of Centene from $39.00 to $48.00 and gave the company a “hold” rating in a research report on Wednesday, April 29th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Centene from a “hold” rating to a “buy” rating and increased their price target for the company from $53.00 to $80.00 in a research report on Wednesday, May 20th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Centene currently has a consensus rating of “Hold” and an average target price of $58.18.

Centene Stock Up 1.4%

Shares of Centene stock opened at $59.72 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.12 and a current ratio of 1.12. Centene Corporation has a 52-week low of $25.08 and a 52-week high of $60.76. The stock has a market capitalization of $29.49 billion, a price-to-earnings ratio of -4.54, a P/E/G ratio of 0.46 and a beta of 1.06. The company’s 50 day moving average price is $45.44 and its 200-day moving average price is $42.41.

Centene (NYSE:CNC) last issued its earnings results on Tuesday, April 28th. The company reported $3.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.23 by $1.14. Centene had a negative net margin of 3.25% and a positive return on equity of 5.57%. The firm had revenue of $49.94 billion for the quarter, compared to analysts’ expectations of $47.53 billion. During the same quarter last year, the business earned $2.90 earnings per share. The business’s revenue was up 7.1% on a year-over-year basis. Equities research analysts forecast that Centene Corporation will post 3.45 EPS for the current year.

About Centene

Centene Corporation (NYSE: CNC) is a diversified, multi-national healthcare enterprise that specializes in providing services to government-sponsored and national health programs. The company primarily acts as a managed care organization, delivering healthcare coverage and administering benefits for Medicaid, the Children’s Health Insurance Program (CHIP), Medicare Advantage, and individual marketplace plans. Centene also contracts with federal and state agencies to manage specialty care programs and community-based services for vulnerable populations.

Centene’s offerings extend beyond traditional insurance to include a range of specialty and support services.