Centene Corporation (CNC) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its position in Centene Corporation (NYSE:CNC) by 20.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,989,592 shares of the company’s stock after buying an additional 340,722 shares during the period. Dimensional Fund Advisors LP’s holdings in Centene Corporation were worth $141,787,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Bronfman E.L. Rothschild L.P. raised its position in shares of Centene Corporation by 5.9% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,662 shares of the company’s stock worth $118,000 after buying an additional 93 shares during the period. Quadrant Capital Group LLC raised its position in shares of Centene Corporation by 5.6% in the first quarter. Quadrant Capital Group LLC now owns 2,263 shares of the company’s stock worth $155,000 after buying an additional 120 shares during the period. Creative Planning raised its position in shares of Centene Corporation by 5.4% in the first quarter. Creative Planning now owns 2,476 shares of the company’s stock worth $176,000 after buying an additional 127 shares during the period. Howard Hughes Medical Institute raised its position in shares of Centene Corporation by 96.7% in the first quarter. Howard Hughes Medical Institute now owns 2,685 shares of the company’s stock worth $191,000 after buying an additional 1,320 shares during the period. Finally, Reliance Trust Co. of Delaware bought a new position in shares of Centene Corporation during the first quarter worth approximately $201,000. 93.78% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Centene Corporation (NYSE:CNC)

Shares of Centene Corporation (CNC) traded down 0.18% during midday trading on Tuesday, reaching $78.49. 773,047 shares of the company’s stock traded hands. Centene Corporation has a 1-year low of $50.00 and a 1-year high of $79.50. The firm’s 50-day moving average price is $76.11 and its 200 day moving average price is $68.51. The stock has a market capitalization of $13.52 billion, a P/E ratio of 19.32 and a beta of 0.55.

Centene Corporation (NYSE:CNC) last announced its quarterly earnings data on Tuesday, April 25th. The company reported $1.12 EPS for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.06. Centene Corporation had a net margin of 1.57% and a return on equity of 14.19%. The company had revenue of $11.72 billion for the quarter, compared to the consensus estimate of $11.44 billion. During the same period in the prior year, the firm posted $0.74 EPS. The company’s quarterly revenue was up 68.6% compared to the same quarter last year. On average, equities analysts predict that Centene Corporation will post $4.77 earnings per share for the current fiscal year.

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A number of equities analysts have recently commented on CNC shares. Stifel Nicolaus raised their target price on shares of Centene Corporation from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Wednesday, April 26th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $88.00 target price (up from $85.00) on shares of Centene Corporation in a research report on Tuesday, April 25th. Jefferies Group LLC reaffirmed a “buy” rating and set a $79.00 target price on shares of Centene Corporation in a research report on Wednesday, April 19th. Deutsche Bank AG started coverage on shares of Centene Corporation in a research report on Wednesday, April 5th. They set a “buy” rating and a $84.00 target price on the stock. Finally, Zacks Investment Research raised shares of Centene Corporation from a “hold” rating to a “buy” rating and set a $82.00 target price on the stock in a research report on Thursday, April 27th. Eight investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Centene Corporation presently has a consensus rating of “Buy” and an average target price of $80.89.

In other Centene Corporation news, SVP Mark J. Brooks sold 2,161 shares of the stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $75.43, for a total value of $163,004.23. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Richard A. Gephardt sold 4,350 shares of the stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $77.38, for a total transaction of $336,603.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 28,728 shares of company stock worth $2,117,100. Insiders own 3.00% of the company’s stock.

About Centene Corporation

Centene Corporation is a healthcare company. The Company provides a portfolio of services to government sponsored healthcare programs, focusing on under-insured and uninsured individuals. The Company operates through two segments: Managed Care and Specialty Services. The Company’s Managed Care segment provides health plan coverage to individuals, through government subsidized programs, including Medicaid, the State Children’s Health Insurance Program (CHIP), Long Term Care, Foster Care, dual-eligible individuals (Duals) and the Supplemental Security Income Program, also known as the Aged, Blind or Disabled Program (ABD), Medicare, and Health Insurance Marketplace.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “CNC”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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