WellCare Health Plans (NYSE:WCG) Stock Price Crosses Above 50 Day Moving Average of $286.17

WellCare Health Plans, Inc. (NYSE:WCG) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $286.17 and traded as high as $291.31. WellCare Health Plans shares last traded at $290.98, with a volume of 8,091 shares trading hands.

Several brokerages recently commented on WCG. BMO Capital Markets set a C$106.00 price target on FirstService and gave the company a “market perform” rating in a research report on Monday, June 3rd. Zacks Investment Research cut Genprex from a “hold” rating to a “sell” rating in a research report on Thursday, April 18th. Wells Fargo & Co reissued a “hold” rating and set a $11.00 price target on shares of Coty in a research report on Wednesday, May 8th. Finally, Credit Suisse Group increased their price target on JPMorgan Chase & Co. from $128.00 to $132.00 and gave the company an “outperform” rating in a research report on Monday, April 15th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $311.85.

The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.28 and a current ratio of 1.28. The stock’s 50 day moving average is $287.07. The firm has a market cap of $14.49 billion, a PE ratio of 26.15, a P/E/G ratio of 1.43 and a beta of 0.99.



WellCare Health Plans (NYSE:WCG) last released its quarterly earnings data on Tuesday, April 30th. The company reported $3.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.10 by $0.59. The firm had revenue of $6.76 billion for the quarter, compared to analyst estimates of $6.56 billion. WellCare Health Plans had a return on equity of 15.47% and a net margin of 2.17%. The business’s revenue for the quarter was up 45.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.47 earnings per share. On average, equities research analysts predict that WellCare Health Plans, Inc. will post 13.93 EPS for the current year.

Large investors have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. raised its stake in WellCare Health Plans by 3.9% in the first quarter. Envestnet Asset Management Inc. now owns 22,170 shares of the company’s stock valued at $5,980,000 after buying an additional 831 shares during the period. Jennison Associates LLC bought a new stake in WellCare Health Plans in the first quarter valued at approximately $79,297,000. Havens Advisors LLC bought a new stake in WellCare Health Plans in the first quarter valued at approximately $1,484,000. Lake Point Wealth Management bought a new stake in WellCare Health Plans in the fourth quarter valued at approximately $188,000. Finally, Bronfman E.L. Rothschild L.P. raised its stake in WellCare Health Plans by 67.4% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 159 shares of the company’s stock valued at $38,000 after buying an additional 64 shares during the period. Hedge funds and other institutional investors own 98.69% of the company’s stock.

About WellCare Health Plans (NYSE:WCG)

WellCare Health Plans, Inc provides government-sponsored managed care services. The company operates in three segments: Medicaid Health Plans, Medicare Health Plans, and Medicare Prescription Drug Plans (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 programs for qualifying families who are not eligible for Medicaid.

Read More: Trading Ex-Dividend Strategy

Receive News & Ratings for WellCare Health Plans Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WellCare Health Plans and related companies with MarketBeat.com's FREE daily email newsletter.