Centene Co. (NYSE:CNC) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Centene Co. (NYSE:CNC) by 3.5% in the third quarter, HoldingsChannel reports. The fund owned 5,768,534 shares of the company’s stock after acquiring an additional 194,566 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Centene were worth $434,255,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Park Place Capital Corp raised its position in shares of Centene by 1,190.0% during the 3rd quarter. Park Place Capital Corp now owns 387 shares of the company’s stock worth $29,000 after purchasing an additional 357 shares during the last quarter. WR Wealth Planners LLC raised its position in shares of 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 during the last quarter. Chris Bulman Inc acquired a new position in shares of Centene during the 2nd quarter worth about $33,000. Riverview Trust Co raised its position in shares of Centene by 154.6% during the 2nd quarter. Riverview Trust Co now owns 527 shares of the company’s stock worth $35,000 after purchasing an additional 320 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Centene during the 2nd quarter worth about $36,000. Institutional investors and hedge funds own 93.63% of the company’s stock.

Insider Buying and Selling at Centene

In other news, CEO Sarah London acquired 4,117 shares of Centene stock in a transaction dated Friday, November 8th. The shares were acquired at an average cost of $60.80 per share, for a total transaction of $250,313.60. Following the acquisition, the chief executive officer now owns 667,229 shares of the company’s stock, valued at $40,567,523.20. This trade represents a 0.62 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Andrew Lynn Asher acquired 17,200 shares of Centene stock in a transaction dated Wednesday, November 13th. The stock was purchased at an average price of $58.14 per share, for a total transaction of $1,000,008.00. Following the completion of the acquisition, the chief financial officer now directly owns 486,847 shares in the company, valued at approximately $28,305,284.58. This represents a 3.66 % increase in their position. The disclosure for this purchase can be found here. 0.29% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have commented on CNC shares. Robert W. Baird cut their price objective on shares of Centene from $83.00 to $66.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Barclays cut their price objective on shares of Centene from $97.00 to $91.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Stephens reiterated an “equal weight” rating and issued a $78.00 price objective on shares of Centene in a report on Monday, August 5th. Sanford C. Bernstein cut their price objective on shares of Centene from $96.00 to $88.00 and set an “outperform” rating for the company in a report on Wednesday, October 30th. Finally, Wells Fargo & Company cut their price objective on shares of Centene from $91.00 to $90.00 and set an “overweight” rating for the company in a report on Monday, November 4th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $83.92.

Centene Stock Performance

Shares of CNC stock opened at $59.93 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.64. Centene Co. has a 52 week low of $57.20 and a 52 week high of $81.42. The stock has a market capitalization of $30.26 billion, a PE ratio of 10.40, a P/E/G ratio of 0.84 and a beta of 0.49. The firm has a 50 day moving average of $65.43 and a two-hundred day moving average of $70.04.

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.