Creative Planning lessened its stake in shares of WellCare Health Plans, Inc. (NYSE:WCG) by 80.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 624 shares of the company’s stock after selling 2,497 shares during the period. Creative Planning’s holdings in WellCare Health Plans were worth $206,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in the stock. IFP Advisors Inc increased its stake in WellCare Health Plans by 62.3% during the 4th quarter. IFP Advisors Inc now owns 86 shares of the company’s stock valued at $28,000 after purchasing an additional 33 shares in the last quarter. Quest Capital Management Inc. ADV bought a new stake in shares of WellCare Health Plans in the 3rd quarter worth $50,000. Endurance Wealth Management Inc. bought a new stake in shares of WellCare Health Plans in the 3rd quarter worth $65,000. Zeke Capital Advisors LLC bought a new stake in shares of WellCare Health Plans in the 4th quarter worth $211,000. Finally, Quantum Capital Management bought a new stake in shares of WellCare Health Plans in the 3rd quarter worth $179,000. Institutional investors own 88.61% of the company’s stock.
Shares of NYSE:WCG opened at $349.92 on Friday. The company’s 50-day moving average is $341.11 and its 200 day moving average is $301.15. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.16 and a current ratio of 1.16. The company has a market capitalization of $17.61 billion, a P/E ratio of 28.15, a price-to-earnings-growth ratio of 1.38 and a beta of 0.93. WellCare Health Plans, Inc. has a fifty-two week low of $228.56 and a fifty-two week high of $350.17.
WCG has been the subject of several recent analyst reports. Wells Fargo & Co lowered shares of WellCare Health Plans from an “outperform” rating to a “market perform” rating and set a $342.00 target price for the company. in a research note on Wednesday, December 11th. Piper Sandler lowered shares of WellCare Health Plans from an “overweight” rating to a “neutral” rating and set a target price for the company. in a research note on Friday, January 10th. Finally, ValuEngine lowered shares of WellCare Health Plans from a “hold” rating to a “sell” rating in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $324.00.
About WellCare Health Plans
WellCare Health Plans, Inc provides government-sponsored managed care services. The company operates in three segments: Medicaid Health Plans, Medicare Health Plans, and Medicare Prescription Drug Plans (PDPs). The Medicaid Health Plans segment offers plans for beneficiaries of temporary assistance for needy families, supplemental security income, and aged blind and disabled residents; and other state-based programs, such as children's health insurance programs and long-term services and supports programs for qualifying families who are not eligible for Medicaid.
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