10,325 Shares of Centene Corporation $CNC Acquired by Leuthold Group LLC

Leuthold Group LLC purchased a new position in shares of Centene Corporation (NYSE:CNC) during the third quarter, Holdings Channel.com reports. The fund purchased 10,325 shares of the company’s stock, valued at approximately $641,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Silicon Valley Capital Partners acquired a new position in shares of Centene during the second quarter valued at approximately $25,000. North Point Portfolio Managers Corp OH bought a new position in Centene during the 3rd quarter valued at $25,000. Toth Financial Advisory Corp acquired a new position in shares of Centene during the 3rd quarter valued at $30,000. MidFirst Bank bought a new stake in shares of Centene in the 2nd quarter worth $32,000. Finally, Fiduciary Financial Advisors bought a new stake in shares of Centene in the 2nd quarter worth $34,000. 93.63% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Centene news, General Counsel Christopher Koster sold 56,500 shares of the business’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $66.90, for a total transaction of $3,779,850.00. Following the sale, the general counsel owned 248,854 shares in the company, valued at approximately $16,648,332.60. The trade was a 18.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.37% of the company’s stock.

Centene Stock Performance

CNC opened at $70.17 on Wednesday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.69. The firm has a market cap of $34.74 billion, a PE ratio of 24.03, a P/E/G ratio of 0.40 and a beta of 1.07. The business has a fifty day simple moving average of $66.83 and a 200-day simple moving average of $56.12. Centene Corporation has a fifty-two week low of $31.63 and a fifty-two week high of $78.08.

Centene (NYSE:CNC) last announced its earnings results on Tuesday, October 27th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.48. Centene had a return on equity of 12.15% and a net margin of 0.72%. The company had revenue of $50.65 billion for the quarter, compared to analyst estimates of $47.12 billion. During the same period in the previous year, the firm earned $0.50 earnings per share. Centene’s revenue for the quarter was up 1.9% compared to the same quarter last year. As a group, equities analysts predict that Centene Corporation will post 5.27 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Jefferies Financial Group restated a “hold” rating and issued a $69.00 price objective on shares of Centene in a report on Thursday, October 29th. Mizuho set a $72.00 price target on shares of Centene in a research report on Wednesday, October 28th. Bank of America reissued a “buy” rating and issued a $82.00 price target (up from $80.00) on shares of Centene in a report on Wednesday, October 28th. HC Wainwright reaffirmed a “buy” rating on shares of Centene in a research note on Friday, September 11th. Finally, Raymond James Financial set a $79.00 target price on shares of Centene in a report on Wednesday, October 28th. Nine research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $73.80.

About Centene

Centene Corporation is a U.S. health care company that provides managed care and related services, primarily for people enrolled in government-sponsored health programs. Its offerings include Medicaid and Medicare plans, as well as health insurance sold through the Affordable Care Act marketplace. Centene serves members through health plans and a network of health care providers. Its businesses include Ambetter, which offers marketplace health plans, and Wellcare, which provides Medicare-related coverage.