WellCare Health Plans, Inc. (WCG) Shares Bought by Columbus Circle Investors

Columbus Circle Investors increased its position in WellCare Health Plans, Inc. (NYSE:WCG) by 21.7% in the third quarter, Holdings Channel reports. The institutional investor owned 356,867 shares of the company’s stock after acquiring an additional 63,708 shares during the period. WellCare Health Plans comprises about 2.3% of Columbus Circle Investors’ holdings, making the stock its 2nd biggest position. Columbus Circle Investors’ holdings in WellCare Health Plans were worth $114,372,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of WCG. CFO4Life Group LLC increased its position in WellCare Health Plans by 9.3% during the third quarter. CFO4Life Group LLC now owns 2,055 shares of the company’s stock worth $659,000 after purchasing an additional 174 shares during the last quarter. Harvest Fund Management Co. Ltd increased its position in WellCare Health Plans by 55.2% during the second quarter. Harvest Fund Management Co. Ltd now owns 512 shares of the company’s stock worth $126,000 after purchasing an additional 182 shares during the last quarter. Advisors Asset Management Inc. increased its position in WellCare Health Plans by 1.7% during the second quarter. Advisors Asset Management Inc. now owns 10,794 shares of the company’s stock worth $2,658,000 after purchasing an additional 182 shares during the last quarter. Public Employees Retirement Association of Colorado increased its position in WellCare Health Plans by 2.0% during the third quarter. Public Employees Retirement Association of Colorado now owns 9,122 shares of the company’s stock worth $2,924,000 after purchasing an additional 183 shares during the last quarter. Finally, IFP Advisors Inc increased its position in WellCare Health Plans by 37.6% during the third quarter. IFP Advisors Inc now owns 911 shares of the company’s stock worth $292,000 after purchasing an additional 249 shares during the last quarter. 97.22% of the stock is owned by institutional investors and hedge funds.

Several equities analysts recently commented on the stock. Barclays reaffirmed a “buy” rating and set a $325.00 price target on shares of WellCare Health Plans in a research report on Tuesday, September 18th. Argus boosted 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 note on Friday, August 31st. Zacks Investment Research upgraded shares of WellCare Health Plans from a “hold” rating to a “strong-buy” rating and set a $295.00 price objective for the company in a research note on Thursday, July 26th. SunTrust Banks boosted their price objective on shares of WellCare Health Plans to $315.00 and gave the stock a “buy” rating in a research note on Wednesday, August 1st. Finally, Morgan Stanley boosted their price objective on shares of WellCare Health Plans from $330.00 to $350.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 12th. Two investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. WellCare Health Plans currently has a consensus rating of “Buy” and an average price target of $296.00.



WCG traded down $4.32 during trading on Monday, hitting $291.50. 848,788 shares of the company’s stock were exchanged, compared to its average volume of 484,199. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.44. WellCare Health Plans, Inc. has a 1 year low of $180.30 and a 1 year high of $324.99. The company has a market cap of $13.24 billion, a P/E ratio of 34.21, a P/E/G ratio of 1.77 and a beta of 1.02.

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

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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