Rational Advisors LLC decreased its position in shares of Centene Corporation (NYSE:CNC) by 26.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 10,500 shares of the company’s stock after selling 3,811 shares during the period. Rational Advisors LLC’s holdings in Centene were worth $1,059,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Centene during the fourth quarter worth approximately $131,000. SeaCrest Wealth Management LLC acquired a new stake in shares of Centene in the fourth quarter valued at approximately $188,000. Baldwin Brothers Inc. MA acquired a new stake in shares of Centene in the third quarter valued at approximately $185,000. Calamos Advisors LLC acquired a new stake in shares of Centene in the third quarter valued at approximately $207,000. Finally, Commerzbank Aktiengesellschaft FI acquired a new stake in shares of Centene in the third quarter valued at approximately $207,000. 92.03% of the stock is owned by institutional investors.

A number of brokerages recently weighed in on CNC. Cantor Fitzgerald raised their price target on shares of Centene from $115.00 to $125.00 and gave the company an “overweight” rating in a report on Wednesday, February 7th. Credit Suisse Group raised their price target on shares of Centene from $110.00 to $112.00 and gave the company a “neutral” rating in a report on Wednesday, February 7th. Morgan Stanley raised their price target on shares of Centene from $118.00 to $126.00 and gave the company an “overweight” rating in a report on Wednesday, February 7th. Citigroup reissued an “outperform” rating and issued a $130.00 price target (up previously from $122.00) on shares of Centene in a report on Wednesday, February 7th. Finally, ValuEngine raised shares of Centene from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Three analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $110.28.

In other Centene news, Director Robert K. Ditmore sold 8,750 shares of the firm’s stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $104.30, for a total value of $912,625.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Keith H. Williamson sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $100.11, for a total transaction of $500,550.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,500 shares of company stock worth $3,311,613. Insiders own 3.00% of the company’s stock.

Centene Corporation (NYSE:CNC) opened at $103.09 on Tuesday. Centene Corporation has a 52 week low of $65.03 and a 52 week high of $112.42. The stock has a market cap of $17,631.61, a P/E ratio of 20.21, a price-to-earnings-growth ratio of 0.96 and a beta of 0.71. 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 announced its quarterly earnings data on Tuesday, February 6th. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.03. Centene had a net margin of 1.71% and a return on equity of 13.68%. The firm had revenue of $12.81 billion for the quarter, compared to analysts’ expectations of $12.25 billion. During the same period last year, the firm earned $1.19 earnings per share. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. equities research analysts predict that Centene Corporation will post 7.23 EPS for the current year.

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About Centene

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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