What’s Ahead for Centene Corp (CNC) After Today’s Significant Increase?

September 13, 2017 - By Adrian Mccoy

Investors sentiment increased to 0.98 in Q4 2016. Its up 0.18, from 0.8 in 2016Q3. It improved, as 56 investors sold Centene Corp shares while 172 reduced holdings. 86 funds opened positions while 137 raised stakes. 146.22 million shares or 4.61% less from 153.29 million shares in 2016Q3 were reported.
South Dakota Invest Council invested 0.6% in Centene Corp (NYSE:CNC). 1832 Asset Mngmt Lp, Ontario – Canada-based fund reported 2.59M shares. Zacks Mgmt reported 55,649 shares. Asset Mngmt Inc accumulated 0.01% or 10,483 shares. Delta Lloyd Nv has 20,676 shares for 0.04% of their portfolio. Hbk Invests Lp reported 5,877 shares. 25,187 are owned by Cubist Systematic Strategies Ltd Liability Corp. Finemark Comml Bank has invested 0.01% in Centene Corp (NYSE:CNC). Assetmark reported 0.02% in Centene Corp (NYSE:CNC). Gsa Capital Partners Limited Liability Partnership invested in 0.05% or 15,579 shares. Rfg Advisory Group Inc Limited Company has 0.24% invested in Centene Corp (NYSE:CNC). Great West Life Assurance Can holds 113,843 shares or 0.02% of its portfolio. Plante Moran Advsrs Limited Liability Corporation accumulated 817 shares or 0.03% of the stock. Pacad Investment invested 0.17% in Centene Corp (NYSE:CNC). Gemmer Asset Ltd Limited Liability Company accumulated 0.02% or 635 shares.

Since March 27, 2017, it had 0 insider purchases, and 6 selling transactions for $3.54 million activity. $450,000 worth of stock was sold by Williamson Keith H on Monday, May 1. $336,603 worth of Centene Corp (NYSE:CNC) was sold by GEPHARDT Richard A on Monday, June 12. Another trade for 25,000 shares valued at $1.88M was sold by NEIDORFF MICHAEL F. BROOKS MARK J sold $163,004 worth of Centene Corp (NYSE:CNC) on Friday, June 2. On Friday, June 2 the insider DITMORE ROBERT K sold $294,177.

The stock of Centene Corp (NYSE:CNC) is a huge mover today! The stock increased 8.01% or $7.28 during the last trading session, reaching $98.16. About 3.57M shares traded or 230.56% up from the average. Centene Corp (NYSE:CNC) has risen 32.56% since September 13, 2016 and is uptrending. It has outperformed by 15.86% the S&P500.
The move comes after 5 months positive chart setup for the $16.93 billion company. It was reported on Sep, 13 by Barchart.com. We have $106.01 PT which if reached, will make NYSE:CNC worth $1.35 billion more.

Centene Corp (NYSE:CNC) Ratings Coverage

Among 18 analysts covering Centene Corporation (NYSE:CNC), 13 have Buy rating, 1 Sell and 4 Hold. Therefore 72% are positive. Centene Corporation had 40 analyst reports since July 22, 2015 according to SRatingsIntel. The company was maintained on Tuesday, September 12 by Cantor Fitzgerald. The firm has “Buy” rating by Jefferies given on Wednesday, July 27. The rating was initiated by JP Morgan with “Overweight” on Wednesday, December 21. The firm has “Equal-Weight” rating given on Wednesday, January 6 by Barclays Capital. Cantor Fitzgerald maintained the stock with “Buy” rating in Tuesday, July 25 report. UBS maintained the shares of CNC in report on Wednesday, July 26 with “Buy” rating. On Wednesday, June 7 the stock rating was initiated by Morgan Stanley with “Overweight”. The rating was upgraded by Morgan Stanley on Wednesday, June 29 to “Overweight”. The company was downgraded on Wednesday, July 22 by Goldman Sachs. Credit Suisse downgraded Centene Corp (NYSE:CNC) on Friday, November 11 to “Neutral” rating.

More notable recent Centene Corp (NYSE:CNC) news were published by: Investorplace.com which released: “Centene Corp (CNC) Stock Surges on $3.7 Billion Fidelis Deal” on September 13, 2017, also Prnewswire.com with their article: “Centene’s Illinois Subsidiary Selected for Medicaid Managed Care Program …” published on August 15, 2017, Bizjournals.com published: “Fidelis officials: Local jobs not in jeopardy during sale” on September 13, 2017. More interesting news about Centene Corp (NYSE:CNC) were released by: Washingtonpost.com and their article: “Western Digital and Hologic skid; Centene, Nordstrom climb” published on September 13, 2017 as well as Marketwatch.com‘s news article titled: “Centene Corp. agrees to buy Fidelis Care assets in New York state” with publication date: September 12, 2017.

Centene Corporation is a healthcare company. The company has market cap of $16.93 billion. The Firm provides a portfolio of services to government sponsored healthcare programs, focusing on under-insured and uninsured individuals. It has a 21.74 P/E ratio. The Firm operates through two divisions: Managed Care and Specialty Services.

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