WellCare Health Plans, Inc. (WCG) Position Trimmed by Russell Investments Group Ltd.

Russell Investments Group Ltd. decreased its position in shares of WellCare Health Plans, Inc. (NYSE:WCG) by 0.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 325,438 shares of the company’s stock after selling 1,198 shares during the quarter. Russell Investments Group Ltd.’s holdings in WellCare Health Plans were worth $104,326,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WCG. American Century Companies Inc. lifted its position in WellCare Health Plans by 28.8% during the second quarter. American Century Companies Inc. now owns 1,337,459 shares of the company’s stock worth $329,336,000 after purchasing an additional 299,273 shares during the period. Smith Asset Management Group LP bought a new stake in WellCare Health Plans during the second quarter worth about $45,200,000. Massachusetts Financial Services Co. MA lifted its position in WellCare Health Plans by 78.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 346,580 shares of the company’s stock worth $111,076,000 after purchasing an additional 152,590 shares during the period. Boston Advisors LLC lifted its position in WellCare Health Plans by 2,451.7% during the second quarter. Boston Advisors LLC now owns 144,224 shares of the company’s stock worth $35,514,000 after purchasing an additional 138,572 shares during the period. Finally, First Trust Advisors LP lifted its position in WellCare Health Plans by 77.2% during the second quarter. First Trust Advisors LP now owns 234,329 shares of the company’s stock worth $57,701,000 after purchasing an additional 102,062 shares during the period. 97.35% of the stock is owned by institutional investors and hedge funds.

WCG stock opened at $295.82 on Friday. The stock has a market capitalization of $13.56 billion, a PE ratio of 28.68, a P/E/G ratio of 1.82 and a beta of 1.02. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.27 and a quick ratio of 1.27. WellCare Health Plans, Inc. has a 12 month low of $180.30 and a 12 month high of $324.99.



WellCare Health Plans (NYSE:WCG) last posted its earnings results on Tuesday, July 31st. The company reported $3.69 EPS for the quarter, topping analysts’ consensus estimates of $3.03 by $0.66. The firm had revenue of $4.64 billion during the quarter, compared to analysts’ expectations of $4.65 billion. WellCare Health Plans had a net margin of 2.69% and a return on equity of 19.20%. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.52 earnings per share. As a group, analysts anticipate that WellCare Health Plans, Inc. will post 10.83 EPS for the current year.

WCG has been the subject of several recent analyst reports. Barclays reaffirmed a “buy” rating and set a $325.00 price objective on shares of WellCare Health Plans in a research report on Tuesday, September 18th. Zacks Investment Research cut shares of WellCare Health Plans from a “buy” rating to a “hold” rating in a research report on Tuesday, July 24th. Morgan Stanley upped their price objective on shares of WellCare Health Plans from $280.00 to $330.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 5th. BMO Capital Markets set a $345.00 price objective on shares of WellCare Health Plans and gave the stock a “buy” rating in a research report on Friday, September 14th. Finally, Argus upped their price objective on shares of WellCare Health Plans from $265.00 to $360.00 and gave the stock a “buy” rating in a research report on Friday, August 31st. Two analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. WellCare Health Plans currently has a consensus rating of “Buy” and an average price target of $296.00.

About WellCare Health Plans

WellCare Health Plans, Inc provides managed care services for government-sponsored health care programs. It operates through three segments: Medicaid Health Plans, Medicare Health Plans, and Medicare PDPs. The Medicaid Health Plans segment offers plans for beneficiaries of temporary assistance for needy families, supplemental security income, and aged blind and disabled residents; and other state-based programs, such as children's health insurance programs and long-term services and supports for qualifying families who are not eligible for Medicaid.

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

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