Jane Street Group LLC Boosts Stake in WellCare Health Plans, Inc. (WCG)

Jane Street Group LLC lifted its position in WellCare Health Plans, Inc. (NYSE:WCG) by 51.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,769 shares of the company’s stock after buying an additional 945 shares during the period. Jane Street Group LLC’s holdings in WellCare Health Plans were worth $557,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bessemer Group Inc. raised its stake in shares of WellCare Health Plans by 593.2% in the 4th quarter. Bessemer Group Inc. now owns 818 shares of the company’s stock worth $165,000 after buying an additional 700 shares in the last quarter. Mackenzie Financial Corp bought a new stake in shares of WellCare Health Plans in the 4th quarter worth $202,000. Matisse Capital bought a new stake in shares of WellCare Health Plans in the 4th quarter worth $205,000. Ellington Management Group LLC bought a new stake in shares of WellCare Health Plans in the 4th quarter worth $302,000. Finally, Highbridge Capital Management LLC bought a new stake in shares of WellCare Health Plans in the 3rd quarter worth $311,000. 98.23% of the stock is currently owned by institutional investors.

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Shares of WCG stock opened at $191.00 on Friday. WellCare Health Plans, Inc. has a 1-year low of $142.53 and a 1-year high of $221.75. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.49. The firm has a market cap of $8,676.51, a PE ratio of 22.42, a price-to-earnings-growth ratio of 1.38 and a beta of 0.90.

WellCare Health Plans (NYSE:WCG) last issued its quarterly earnings results on Tuesday, February 6th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.11. WellCare Health Plans had a return on equity of 17.10% and a net margin of 2.20%. The business had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $4.32 billion. During the same quarter in the previous year, the company posted $1.03 earnings per share. WellCare Health Plans’s revenue for the quarter was up 23.5% compared to the same quarter last year. equities research analysts anticipate that WellCare Health Plans, Inc. will post 9.83 EPS for the current year.

A number of brokerages have recently issued reports on WCG. Cantor Fitzgerald reaffirmed a “buy” rating and set a $235.00 target price on shares of WellCare Health Plans in a research report on Monday, December 18th. ValuEngine lowered WellCare Health Plans from a “buy” rating to a “hold” rating in a research report on Tuesday, December 19th. Goldman Sachs began coverage on WellCare Health Plans in a research report on Wednesday, January 3rd. They set a “buy” rating and a $255.00 target price on the stock. Zacks Investment Research lowered WellCare Health Plans from a “strong-buy” rating to a “hold” rating in a research report on Saturday, January 6th. Finally, Cowen reaffirmed an “outperform” rating and set a $250.00 target price on shares of WellCare Health Plans in a research report on Tuesday, January 23rd. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. WellCare Health Plans has an average rating of “Buy” and an average price target of $217.86.

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About WellCare Health Plans

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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Institutional Ownership by Quarter for WellCare Health Plans (NYSE:WCG)

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