Systematic Financial Management LP decreased its position in shares of WellCare Health Plans, Inc. (NYSE:WCG) by 4.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,862 shares of the company’s stock after selling 4,196 shares during the period. Systematic Financial Management LP’s holdings in WellCare Health Plans were worth $18,474,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Fuller & Thaler Asset Management Inc. acquired a new position in WellCare Health Plans in the third quarter worth approximately $103,000. Bessemer Group Inc. grew its position in WellCare Health Plans by 593.2% in the fourth quarter. Bessemer Group Inc. now owns 818 shares of the company’s stock worth $165,000 after buying an additional 700 shares during the last quarter. Advisory Services Network LLC grew its position in WellCare Health Plans by 8.4% in the second quarter. Advisory Services Network LLC now owns 866 shares of the company’s stock worth $155,000 after buying an additional 67 shares during the last quarter. Matisse Capital acquired a new position in WellCare Health Plans in the fourth quarter worth approximately $205,000. Finally, Highbridge Capital Management LLC acquired a new position in WellCare Health Plans in the third quarter worth approximately $311,000. 98.73% of the stock is currently owned by hedge funds and other institutional investors.
WellCare Health Plans, Inc. (WCG) opened at $194.65 on Wednesday. WellCare Health Plans, Inc. has a 52-week low of $136.23 and a 52-week high of $221.75. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.28 and a current ratio of 1.31. The firm has a market cap of $8,603.48, a P/E ratio of 22.65, a price-to-earnings-growth ratio of 1.24 and a beta of 0.82.
Several research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of WellCare Health Plans from a “hold” rating to a “buy” rating and set a $216.00 price target on the stock in a research report on Tuesday. Morgan Stanley lifted their price target on shares of WellCare Health Plans from $214.00 to $220.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. Cantor Fitzgerald restated a “buy” rating and issued a $235.00 price target on shares of WellCare Health Plans in a research report on Tuesday, February 6th. Cowen restated an “outperform” rating and issued a $250.00 price target on shares of WellCare Health Plans in a research report on Tuesday, January 23rd. Finally, Goldman Sachs Group assumed coverage on shares of WellCare Health Plans in a research report on Wednesday, January 3rd. They issued a “buy” rating and a $255.00 price target on the stock. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $217.86.
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WellCare Health Plans Company Profile
WellCare Health Plans, Inc is a managed care company. The Company focuses on government-sponsored managed care services, primarily through Medicaid, Medicare Advantage (MA) and Medicare Prescription Drug Plans (PDPs), to families, children, seniors and individuals with medical needs. The Company operates through three segments: Medicaid Health Plans, Medicare Health Plans and Medicare PDPs.
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