Engineers Gate Manager LP trimmed its position in Centene Corporation (NYSE:CNC) by 14.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 11,154 shares of the company’s stock after selling 1,870 shares during the quarter. Engineers Gate Manager LP’s holdings in Centene were worth $1,125,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Ameriprise Financial Inc. lifted its position in Centene by 47.8% in the third quarter. Ameriprise Financial Inc. now owns 5,181,047 shares of the company’s stock worth $502,999,000 after purchasing an additional 1,676,688 shares during the period. Dimensional Fund Advisors LP lifted its position in Centene by 6.7% in the third quarter. Dimensional Fund Advisors LP now owns 2,398,997 shares of the company’s stock worth $232,137,000 after purchasing an additional 149,743 shares during the period. Victory Capital Management Inc. lifted its position in Centene by 5.3% in the third quarter. Victory Capital Management Inc. now owns 1,274,681 shares of the company’s stock worth $123,351,000 after purchasing an additional 63,688 shares during the period. Acadian Asset Management LLC lifted its position in Centene by 68.2% in the fourth quarter. Acadian Asset Management LLC now owns 1,239,278 shares of the company’s stock worth $125,021,000 after purchasing an additional 502,329 shares during the period. Finally, Epoch Investment Partners Inc. lifted its position in Centene by 298.0% in the third quarter. Epoch Investment Partners Inc. now owns 997,346 shares of the company’s stock worth $96,513,000 after purchasing an additional 746,783 shares during the period. Hedge funds and other institutional investors own 92.41% of the company’s stock.

CNC has been the subject of a number of recent research reports. Cantor Fitzgerald increased their price objective on Centene from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Wednesday. Morgan Stanley increased their price objective on Centene from $118.00 to $126.00 and gave the company an “overweight” rating in a research report on Wednesday. Credit Suisse Group increased their price objective on Centene from $110.00 to $112.00 and gave the company a “neutral” rating in a research report on Wednesday. Citigroup reiterated an “outperform” rating and set a $130.00 price objective (up previously from $122.00) on shares of Centene in a research report on Wednesday. Finally, ValuEngine upgraded Centene from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Three investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $110.28.

In other news, Director Robert K. Ditmore sold 8,750 shares of the stock in a transaction on Monday, January 8th. The stock was sold at an average price of $104.30, for a total value of $912,625.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Keith H. Williamson sold 5,000 shares of the stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $100.11, for a total value of $500,550.00. The disclosure for this sale can be found here. Insiders sold 23,750 shares of company stock valued at $2,400,475 in the last 90 days. Corporate insiders own 3.00% of the company’s stock.

Shares of Centene Corporation (NYSE:CNC) opened at $101.66 on Friday. The stock has a market capitalization of $17,631.61, a price-to-earnings ratio of 21.68, a PEG ratio of 0.96 and a beta of 0.71. Centene Corporation has a 1-year low of $65.03 and a 1-year high of $112.42. The company has a quick ratio of 0.99, a current ratio of 0.93 and a debt-to-equity ratio of 0.68.

Centene (NYSE:CNC) last released its earnings results on Tuesday, February 6th. The company reported $0.97 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.03. The company had revenue of $12.81 billion during the quarter, compared to analyst estimates of $12.25 billion. Centene had a return on equity of 13.68% and a net margin of 1.71%. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.19 earnings per share. sell-side analysts expect that Centene Corporation will post 7.23 EPS for the current fiscal year.

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Centene Profile

Centene Corporation is a healthcare company. The Company provides a portfolio of services to government sponsored healthcare programs, focusing on under-insured and uninsured individuals. The Company operates through two segments: Managed Care and Specialty Services. The Company’s Managed Care segment provides health plan coverage to individuals, through government subsidized programs, including Medicaid, the State Children’s Health Insurance Program (CHIP), Long Term Care, Foster Care, dual-eligible individuals (Duals) and the Supplemental Security Income Program, also known as the Aged, Blind or Disabled Program (ABD), Medicare, and Health Insurance Marketplace.

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Institutional Ownership by Quarter for Centene (NYSE:CNC)

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