Nisa Investment Advisors LLC lifted its position in shares of WellCare Health Plans, Inc. (NYSE:WCG) by 4.6% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 26,550 shares of the company’s stock after purchasing an additional 1,165 shares during the quarter. Nisa Investment Advisors LLC’s holdings in WellCare Health Plans were worth $6,881,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. Meeder Asset Management Inc. purchased a new stake in shares of WellCare Health Plans during the 2nd quarter worth about $33,000. Berman Capital Advisors LLC grew its holdings in shares of WellCare Health Plans by 165.3% during the 2nd quarter. Berman Capital Advisors LLC now owns 130 shares of the company’s stock worth $37,000 after purchasing an additional 81 shares during the period. Financial Gravity Wealth Inc. grew its holdings in shares of WellCare Health Plans by 4,633.3% during the 2nd quarter. Financial Gravity Wealth Inc. now owns 142 shares of the company’s stock worth $40,000 after purchasing an additional 139 shares during the period. Princeton Global Asset Management LLC purchased a new stake in shares of WellCare Health Plans during the 2nd quarter worth about $48,000. Finally, CSat Investment Advisory L.P. grew its holdings in shares of WellCare Health Plans by 76.5% during the 2nd quarter. CSat Investment Advisory L.P. now owns 180 shares of the company’s stock worth $52,000 after purchasing an additional 78 shares during the period. Institutional investors and hedge funds own 92.72% of the company’s stock.
Several research firms recently commented on WCG. Stephens lowered WellCare Health Plans from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $330.00 to $317.00 in a research report on Monday, September 9th. Cantor Fitzgerald lowered WellCare Health Plans from an “overweight” rating to a “neutral” rating in a research report on Tuesday, July 30th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $304.83.
WellCare Health Plans stock opened at $274.45 on Monday. The stock’s 50 day moving average price is $266.47 and its 200 day moving average price is $274.86. The firm has a market capitalization of $13.80 billion, a PE ratio of 24.88, a price-to-earnings-growth ratio of 1.34 and a beta of 0.91. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.23 and a current ratio of 1.23. WellCare Health Plans, Inc. has a one year low of $220.63 and a one year high of $319.09.
WellCare Health Plans (NYSE:WCG) last released its quarterly earnings results on Tuesday, July 30th. The company reported $4.31 EPS for the quarter, topping the consensus estimate of $4.16 by $0.15. The firm had revenue of $7.01 billion for the quarter, compared to analyst estimates of $6.63 billion. WellCare Health Plans had a return on equity of 14.95% and a net margin of 2.09%. WellCare Health Plans’s revenue for the quarter was up 51.1% on a year-over-year basis. During the same period in the previous year, the company posted $3.69 EPS. On average, analysts forecast that WellCare Health Plans, Inc. will post 14.06 earnings per share for the current fiscal year.
WellCare Health Plans Profile
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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