Seeyond decreased its holdings in shares of WellCare Health Plans, Inc. (NYSE:WCG) by 54.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,946 shares of the company’s stock after selling 3,514 shares during the period. Seeyond’s holdings in WellCare Health Plans were worth $840,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in WCG. Pictet Asset Management Ltd. raised its holdings in shares of WellCare Health Plans by 1.0% in the second quarter. Pictet Asset Management Ltd. now owns 24,917 shares of the company’s stock valued at $7,103,000 after purchasing an additional 241 shares during the last quarter. South Dakota Investment Council grew its position in WellCare Health Plans by 0.5% during the second quarter. South Dakota Investment Council now owns 57,810 shares of the company’s stock valued at $16,480,000 after buying an additional 310 shares during the period. Meadow Creek Investment Management LLC grew its position in WellCare Health Plans by 83.3% during the second quarter. Meadow Creek Investment Management LLC now owns 2,178 shares of the company’s stock valued at $621,000 after buying an additional 990 shares during the period. Glen Harbor Capital Management LLC grew its position in WellCare Health Plans by 83.3% during the second quarter. Glen Harbor Capital Management LLC now owns 2,772 shares of the company’s stock valued at $790,000 after buying an additional 1,260 shares during the period. Finally, Commonwealth Bank of Australia bought a new position in WellCare Health Plans during the second quarter valued at about $333,000. Hedge funds and other institutional investors own 93.04% of the company’s stock.

A number of brokerages have weighed in on WCG. Stephens lowered shares of WellCare Health Plans from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $330.00 to $317.00 in a research report on Monday. Cantor Fitzgerald lowered shares of WellCare Health Plans from an “overweight” rating to a “neutral” rating in a research report on Tuesday, July 30th. Finally, BMO Capital Markets lowered shares of WellCare Health Plans from an “outperform” rating to a “market perform” rating and set a $304.00 target price for the company. in a research report on Monday, June 3rd. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $316.50.

Shares of WellCare Health Plans stock traded up $2.24 on Friday, reaching $267.87. The stock had a trading volume of 23,123 shares, compared to its average volume of 345,743. WellCare Health Plans, Inc. has a 1 year low of $220.63 and a 1 year high of $324.99. The company has a market cap of $13.79 billion, a P/E ratio of 24.31, a price-to-earnings-growth ratio of 1.35 and a beta of 0.95. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.45. The business’s 50 day moving average is $275.63 and its two-hundred day moving average is $272.26.

WellCare Health Plans (NYSE:WCG) last posted 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 the consensus estimate of $6.63 billion. WellCare Health Plans had a net margin of 2.09% and a return on equity of 14.95%. The business’s revenue was up 51.1% compared to the same quarter last year. During the same period last year, the firm posted $3.69 earnings per share. On average, equities analysts anticipate that WellCare Health Plans, Inc. will post 13.91 EPS 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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Institutional Ownership by Quarter for WellCare Health Plans (NYSE:WCG)

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