Centene Corporation $CNC Shares Sold by Integrated Quantitative Investments LLC

Integrated Quantitative Investments LLC lessened its stake in Centene Corporation (NYSE:CNC) by 67.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,928 shares of the company’s stock after selling 14,215 shares during the quarter. Integrated Quantitative Investments LLC’s holdings in Centene were worth $247,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. WPG Advisers LLC boosted its holdings in Centene by 44.5% in the third quarter. WPG Advisers LLC now owns 915 shares of the company’s stock valued at $33,000 after acquiring an additional 282 shares during the last quarter. Versant Capital Management Inc lifted its stake in shares of Centene by 11.6% in the 3rd quarter. Versant Capital Management Inc now owns 3,421 shares of the company’s stock valued at $122,000 after purchasing an additional 355 shares in the last quarter. Snowden Capital Advisors LLC grew its holdings in shares of Centene by 8.0% during the 2nd quarter. Snowden Capital Advisors LLC now owns 5,073 shares of the company’s stock worth $275,000 after purchasing an additional 374 shares during the period. MAI Capital Management increased its position in Centene by 6.3% during the 3rd quarter. MAI Capital Management now owns 6,545 shares of the company’s stock worth $234,000 after purchasing an additional 388 shares in the last quarter. Finally, Financial Network Wealth Advisors LLC raised its holdings in Centene by 54.9% in the third quarter. Financial Network Wealth Advisors LLC now owns 1,100 shares of the company’s stock valued at $39,000 after buying an additional 390 shares during the period. 93.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on CNC shares. Argus upgraded shares of Centene to a “hold” rating in a research note on Monday, February 9th. Wall Street Zen lowered shares of Centene from a “buy” rating to a “hold” rating in a report on Sunday, February 15th. Weiss Ratings reiterated a “sell (d)” rating on shares of Centene in a report on Wednesday, January 21st. Cantor Fitzgerald restated a “neutral” rating and set a $41.00 price objective on shares of Centene in a research note on Monday, February 9th. Finally, Morgan Stanley increased their target price on Centene from $38.00 to $45.00 and gave the company an “equal weight” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $42.44.

Centene Trading Down 3.8%

NYSE:CNC opened at $43.28 on Friday. The stock has a market cap of $21.28 billion, a price-to-earnings ratio of -3.18, a price-to-earnings-growth ratio of 1.01 and a beta of 0.48. Centene Corporation has a one year low of $25.08 and a one year high of $66.03. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.10 and a current ratio of 1.10. The business’s 50-day simple moving average is $43.18 and its 200 day simple moving average is $37.96.

Centene (NYSE:CNC) last posted its quarterly earnings data on Friday, February 6th. The company reported ($1.19) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.22) by $0.03. The company had revenue of $49.73 billion for the quarter, compared to the consensus estimate of $48.41 billion. Centene had a positive return on equity of 4.25% and a negative net margin of 3.43%.Centene’s revenue for the quarter was up 21.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.80 EPS. Centene has set its FY 2026 guidance at 3.000-3.000 EPS. As a group, sell-side analysts predict that Centene Corporation will post 6.86 earnings per share for the current fiscal year.

Centene Profile

Centene Corporation (NYSE: CNC) is a diversified, multi-national healthcare enterprise that specializes in providing services to government-sponsored and national health programs. The company primarily acts as a managed care organization, delivering healthcare coverage and administering benefits for Medicaid, the Children’s Health Insurance Program (CHIP), Medicare Advantage, and individual marketplace plans. Centene also contracts with federal and state agencies to manage specialty care programs and community-based services for vulnerable populations.

Centene’s offerings extend beyond traditional insurance to include a range of specialty and support services.