Centene Corp (CNC) Stock Price Increases Today

September 13, 2017 - By Nellie Frank

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.
Ls Invest Llc has 0.03% invested in Centene Corp (NYSE:CNC). Gotham Asset Mgmt Lc has 22,449 shares for 0.02% of their portfolio. Moreover, Nuveen Asset Management Lc has 0.08% invested in Centene Corp (NYSE:CNC) for 290,043 shares. Clarivest Asset Mngmt Limited Liability Com owns 3,622 shares for 0.01% of their portfolio. Manufacturers Life Insurance The invested 0.01% of its portfolio in Centene Corp (NYSE:CNC). Ranger Inv Limited Partnership reported 43,024 shares. Boothbay Fund Management Lc has invested 0.11% in Centene Corp (NYSE:CNC). Metropolitan Life Insurance holds 0.04% or 91,205 shares. Trexquant Inv Ltd Partnership reported 9,600 shares or 0.09% of all its holdings. D E Shaw Com Inc invested in 0% or 12,233 shares. Moreover, Ameriprise has 0.01% invested in Centene Corp (NYSE:CNC). Hutchin Hill L P invested in 128,800 shares. Liberty Mutual Grp Inc Asset Mgmt stated it has 64,197 shares. World invested in 0.11% or 7.54 million shares. Dnb Asset Management As holds 0% or 86,600 shares in its portfolio.

Since March 27, 2017, it had 0 buys, and 6 selling transactions for $3.54 million activity. Another trade for 6,000 shares valued at $420,180 was sold by Williamson Keith H. The insider NEIDORFF MICHAEL F sold $1.88 million. $336,603 worth of Centene Corp (NYSE:CNC) was sold by GEPHARDT Richard A on Monday, June 12. On Friday, June 2 the insider DITMORE ROBERT K sold $294,177. 2,161 shares were sold by BROOKS MARK J, worth $163,004 on Friday, June 2.

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 3.57 million 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 firm has “Overweight” rating given on Wednesday, July 26 by Morgan Stanley. On Wednesday, July 22 the stock rating was downgraded by Goldman Sachs to “Sell”. The firm has “Overweight” rating by Barclays Capital given on Wednesday, February 8. Cantor Fitzgerald maintained the stock with “Buy” rating in Tuesday, September 12 report. Jefferies maintained the stock with “Buy” rating in Wednesday, June 7 report. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, May 26. The rating was maintained by Citigroup on Wednesday, July 26 with “Sell”. Jefferies maintained it with “Buy” rating and $98.0 target in Tuesday, September 5 report. The stock of Centene Corp (NYSE:CNC) has “Outperform” rating given on Wednesday, October 5 by Credit Suisse. The firm earned “Buy” rating on Tuesday, July 25 by Cantor Fitzgerald.

More notable recent Centene Corp (NYSE:CNC) news were published by: Marketwatch.com which released: “Centene Corp. agrees to buy Fidelis Care assets in New York state” on September 12, 2017, also Investorplace.com with their article: “Centene Corp (CNC) Stock Surges on $3.7 Billion Fidelis Deal” published on September 13, 2017, Seekingalpha.com published: “Premarket analyst action – healtcare” on September 13, 2017. More interesting news about Centene Corp (NYSE:CNC) were released by: Prnewswire.com and their article: “SHAREHOLDER ALERT – Bronstein, Gewirtz & Grossman, LLC Announces Investigation …” published on August 21, 2017 as well as Bloomberg.com‘s news article titled: “Insurer Steps In to Cover ‘Bare’ Obamacare Markets in Nevada” with publication date: August 15, 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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