Sio Capital Management LLC Has $17.82 Million Position in WellCare Health Plans, Inc. (NYSE:WCG)

Sio Capital Management LLC boosted its position in WellCare Health Plans, Inc. (NYSE:WCG) by 191.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,495 shares of the company’s stock after buying an additional 41,036 shares during the period. WellCare Health Plans makes up approximately 4.3% of Sio Capital Management LLC’s portfolio, making the stock its 3rd biggest position. Sio Capital Management LLC owned approximately 0.12% of WellCare Health Plans worth $17,815,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Bremer Bank National Association acquired a new position in WellCare Health Plans during the 1st quarter valued at about $28,000. Icon Wealth Partners LLC acquired a new position in WellCare Health Plans during the 1st quarter valued at about $30,000. Meeder Asset Management Inc. acquired a new position in WellCare Health Plans during the 2nd quarter valued at about $33,000. Berman Capital Advisors LLC boosted its stake in WellCare Health Plans by 165.3% during the 2nd quarter. Berman Capital Advisors LLC now owns 130 shares of the company’s stock valued at $37,000 after purchasing an additional 81 shares during the last quarter. Finally, Financial Gravity Wealth Inc. boosted its stake in WellCare Health Plans by 4,633.3% during the 2nd quarter. Financial Gravity Wealth Inc. now owns 142 shares of the company’s stock valued at $40,000 after purchasing an additional 139 shares during the last quarter. 92.70% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have issued reports on the company. Stephens downgraded WellCare Health Plans from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $330.00 to $317.00 in a research note on Monday, September 9th. Cantor Fitzgerald downgraded WellCare Health Plans from an “overweight” rating to a “neutral” rating in a research note on Tuesday, July 30th. Finally, BMO Capital Markets downgraded WellCare Health Plans from an “outperform” rating to a “market perform” rating and set a $304.00 price target for the company. in a research note on Monday, June 3rd. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. WellCare Health Plans has a consensus rating of “Hold” and an average target price of $316.50.



Shares of NYSE WCG traded up $0.60 during midday trading on Wednesday, reaching $267.98. The company’s stock had a trading volume of 32,226 shares, compared to its average volume of 371,079. WellCare Health Plans, Inc. has a 12-month low of $220.63 and a 12-month high of $324.99. The firm has a 50 day moving average price of $273.47 and a 200-day moving average price of $272.14. The stock has a market capitalization of $13.44 billion, a P/E ratio of 24.26, a PEG ratio of 1.31 and a beta of 0.95. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.23 and a quick ratio of 1.23.

WellCare Health Plans (NYSE:WCG) last announced its earnings results on Tuesday, July 30th. The company reported $4.31 earnings per share for the quarter, topping analysts’ consensus estimates of $4.16 by $0.15. WellCare Health Plans had a return on equity of 14.95% and a net margin of 2.09%. The firm had revenue of $7.01 billion for the quarter, compared to the consensus estimate of $6.63 billion. During the same quarter in the previous year, the business earned $3.69 EPS. The company’s revenue was up 51.1% compared to the same quarter last year. On average, equities analysts predict that WellCare Health Plans, Inc. will post 14.01 EPS for the current year.

WellCare Health Plans Profile

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.

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

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