Centene Co. (NYSE:CNC) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System decreased its holdings in Centene Co. (NYSE:CNC) by 5.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 508,419 shares of the company’s stock after selling 27,180 shares during the quarter. New York State Teachers Retirement System’s holdings in Centene were worth $38,274,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. EP Wealth Advisors LLC grew its stake in shares of Centene by 1.0% in the first quarter. EP Wealth Advisors LLC now owns 13,604 shares of the company’s stock worth $1,068,000 after acquiring an additional 133 shares in the last quarter. WR Wealth Planners LLC grew its stake in Centene by 41.4% during the 2nd quarter. WR Wealth Planners LLC now owns 468 shares of the company’s stock worth $31,000 after purchasing an additional 137 shares in the last quarter. Whittier Trust Co. increased its holdings in Centene by 10.0% during the 2nd quarter. Whittier Trust Co. now owns 1,562 shares of the company’s stock worth $104,000 after purchasing an additional 142 shares during the period. Fidelis Capital Partners LLC boosted its stake in shares of Centene by 5.0% in the 1st quarter. Fidelis Capital Partners LLC now owns 3,316 shares of the company’s stock valued at $260,000 after buying an additional 158 shares during the period. Finally, Mount Yale Investment Advisors LLC grew its position in shares of Centene by 2.1% during the third quarter. Mount Yale Investment Advisors LLC now owns 8,082 shares of the company’s stock worth $608,000 after buying an additional 167 shares in the last quarter. Institutional investors and hedge funds own 93.63% of the company’s stock.

Centene Stock Up 1.9 %

CNC stock opened at $61.77 on Thursday. Centene Co. has a 12 month low of $59.77 and a 12 month high of $81.42. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.17 and a quick ratio of 1.17. The company has a market cap of $32.96 billion, a price-to-earnings ratio of 12.28, a price-to-earnings-growth ratio of 0.98 and a beta of 0.48. The company has a fifty day moving average price of $71.87 and a 200 day moving average price of $72.09.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CNC shares. Wells Fargo & Company decreased their price target on shares of Centene from $93.00 to $91.00 and set an “overweight” rating for the company in a research note on Friday, September 13th. Barclays lowered their target price on shares of Centene from $97.00 to $91.00 and set an “overweight” rating for the company in a research note on Tuesday. Sanford C. Bernstein cut their price target on Centene from $96.00 to $88.00 and set an “outperform” rating on the stock in a research note on Wednesday. StockNews.com cut Centene from a “strong-buy” rating to a “buy” rating in a research report on Monday. Finally, Jefferies Financial Group cut Centene from a “buy” rating to a “hold” rating and decreased their target price for the stock from $83.00 to $69.00 in a research note on Wednesday, July 24th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Centene has a consensus rating of “Moderate Buy” and an average price target of $84.00.

Centene Profile

Centene Corporation operates as a healthcare enterprise that provides programs and services to under-insured and uninsured families, commercial organizations, and military families in the United States. The company operates through Medicaid, Medicare, Commercial, and Other segments. The Medicaid segment offers health plan coverage, including medicaid expansion, aged, blind, disabled, children’s health insurance program, foster care, medicare-medicaid plans, long-term services and support.