Are Analysts Bullish about Centene Corp (NYSE:CNC) after last week?

June 19, 2017 - By Adrian Mccoy

 Are Analysts Bullish about Centene Corp (NYSE:CNC) after last week?
Investors sentiment increased to 0.98 in 2016 Q4. 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.
Blackrock Fund Advsrs invested in 3.34 million shares. Marshall Wace Ltd Liability Partnership owns 0.09% invested in Centene Corp (NYSE:CNC) for 254,599 shares. British Columbia Invest Mgmt Corporation holds 0.07% or 140,661 shares in its portfolio. Gradient Investments Limited Company reported 0% of its portfolio in Centene Corp (NYSE:CNC). Sei Invests holds 0.06% of its portfolio in Centene Corp (NYSE:CNC) for 227,661 shares. Tekla Cap Mgmt Limited Liability Co, a Massachusetts-based fund reported 400,000 shares. Pnc Financial Svcs Gru holds 0% or 11,822 shares in its portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) reported 55,415 shares. Crestpoint Cap Ltd Llc has 11,600 shares. Viking Invsts Lp has 1.65M shares for 0.42% of their portfolio. Andra Ap stated it has 0.04% in Centene Corp (NYSE:CNC). Robeco Institutional Asset Mgmt Bv owns 7,667 shares. 10,483 are owned by Asset Management. First Personal Fincl Services reported 357 shares or 0.01% of all its holdings. Fifth Third State Bank owns 0% invested in Centene Corp (NYSE:CNC) for 3,549 shares.

Since January 11, 2017, it had 0 insider purchases, and 11 insider sales for $4.90 million activity. The insider DITMORE ROBERT K sold $294,177. Another trade for 3,150 shares valued at $215,492 was made by BOWERS CHRISTOPHER D on Thursday, February 9. $372,000 worth of stock was sold by Hunter Jesse N on Friday, February 17. Williamson Keith H also sold $420,180 worth of Centene Corp (NYSE:CNC) on Monday, March 27. 2,161 shares were sold by BROOKS MARK J, worth $163,004. 2,000 shares were sold by Schwaneke Jeffrey A., worth $137,040.

Centene Corp (NYSE:CNC) Ratings Coverage

Among 17 analysts covering Centene Corporation (NYSE:CNC), 12 have Buy rating, 0 Sell and 5 Hold. Therefore 71% are positive. Centene Corporation had 28 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Centene Corp (NYSE:CNC) has “Overweight” rating given on Wednesday, December 21 by JP Morgan. The rating was maintained by Barclays Capital with “Equal-Weight” on Wednesday, January 6. Credit Suisse maintained the shares of CNC in report on Wednesday, October 5 with “Outperform” rating. The stock of Centene Corp (NYSE:CNC) earned “Overweight” rating by Morgan Stanley on Wednesday, June 29. The stock of Centene Corp (NYSE:CNC) has “Overweight” rating given on Wednesday, February 8 by Barclays Capital. On Tuesday, December 13 the stock rating was upgraded by Goldman Sachs to “Neutral”. The rating was initiated by Citigroup on Friday, October 2 with “Buy”. The rating was initiated by Credit Suisse with “Outperform” on Wednesday, December 16. On Friday, November 11 the stock rating was downgraded by Credit Suisse to “Neutral”. The company was initiated on Wednesday, June 7 by Morgan Stanley. Below is a list of Centene Corp (NYSE:CNC) latest ratings and price target changes.

07/06/2017 Broker: Morgan Stanley Rating: Overweight Initiate
22/05/2017 Broker: JP Morgan Old Rating: Overweight New Rating: Neutral Old Target: $75.00 Downgrade
26/04/2017 Broker: Cantor Fitzgerald Rating: Buy Old Target: $85.00 New Target: $88.00 Target Up
05/04/2017 Broker: Deutsche Bank Rating: Buy New Target: $84.00 Initiates Coverage On
23/03/2017 Broker: Citigroup Old Rating: Buy New Rating: Neutral Downgrade
08/02/2017 Broker: Barclays Capital Rating: Overweight Old Target: $75 New Target: $79 Maintain
04/01/2017 Broker: PiperJaffray Rating: Overweight New Target: $67.00 Initiates Coverage On
04/01/2017 Broker: Piper Jaffray Rating: Overweight Initiate
21/12/2016 Broker: JP Morgan Rating: Overweight Initiate

About 81,273 shares traded. Centene Corp (NYSE:CNC) has risen 32.56% since June 19, 2016 and is uptrending. It has outperformed by 15.86% the S&P500.

Centene Corporation is a healthcare company. The company has market cap of $13.60 billion. The Firm provides a portfolio of services to government sponsored healthcare programs, focusing on under-insured and uninsured individuals. It has a 19.57 P/E ratio. The Firm operates through two divisions: Managed Care and Specialty Services.

More notable recent Centene Corp (NYSE:CNC) news were published by: Prnewswire.com which released: “Final Reminder Re: Centene Corporation’s June 16, 2017 Investor Day In New …” on June 07, 2017, also Nasdaq.com with their article: “Commit To Buy Centene Corp At $67.50, Earn 8.8% Annualized Using Options” published on May 26, 2017, Prnewswire.com published: “Centene’s Washington Subsidiary Selected For Fully Integrated Managed Care …” on May 25, 2017. More interesting news about Centene Corp (NYSE:CNC) were released by: Washingtonpost.com and their article: “Key insurer Centene plans to expand health exchange presence” published on June 13, 2017 as well as Prnewswire.com‘s news article titled: “Centene Corporation Announces Statewide Career Opportunities In Arizona” with publication date: May 25, 2017.

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