Tidal Investments LLC Has $3.17 Million Stock Holdings in Centene Co. (NYSE:CNC)

Tidal Investments LLC boosted its position in shares of Centene Co. (NYSE:CNC) by 21.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 42,117 shares of the company’s stock after purchasing an additional 7,549 shares during the period. Tidal Investments LLC’s holdings in Centene were worth $3,171,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Park Place Capital Corp boosted its holdings in shares of Centene by 1,190.0% in the 3rd quarter. Park Place Capital Corp now owns 387 shares of the company’s stock worth $29,000 after acquiring an additional 357 shares in the last quarter. WR Wealth Planners LLC boosted its stake in Centene by 41.4% in the second 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. Chris Bulman Inc bought a new stake in shares of Centene during the second quarter worth $33,000. Crewe Advisors LLC increased its stake in shares of Centene by 174.3% in the second quarter. Crewe Advisors LLC now owns 683 shares of the company’s stock valued at $45,000 after buying an additional 434 shares in the last quarter. Finally, Private Trust Co. NA raised its holdings in shares of Centene by 75.3% in the third quarter. Private Trust Co. NA now owns 773 shares of the company’s stock valued at $58,000 after buying an additional 332 shares during the last quarter. 93.63% of the stock is owned by institutional investors.

Insider Transactions at Centene

In other Centene news, CEO Sarah London bought 4,117 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was acquired at an average price of $60.80 per share, with a total value of $250,313.60. Following the completion of the transaction, the chief executive officer now owns 667,229 shares in the company, valued at approximately $40,567,523.20. This trade represents a 0.62 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Andrew Lynn Asher purchased 17,200 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were acquired at an average cost of $58.14 per share, for a total transaction of $1,000,008.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this purchase can be found here. 0.33% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Sanford C. Bernstein dropped their target price on shares of Centene from $96.00 to $88.00 and set an “outperform” rating for the company in a research note on Wednesday, October 30th. Robert W. Baird decreased their price objective on Centene from $83.00 to $66.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Cantor Fitzgerald reissued an “overweight” rating and set a $90.00 price objective on shares of Centene in a report on Wednesday. Wells Fargo & Company reduced their price target on Centene from $91.00 to $90.00 and set an “overweight” rating on the stock in a research report on Monday, November 4th. Finally, UBS Group upgraded shares of Centene from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $79.00 to $80.00 in a report on Friday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $81.31.

Centene Price Performance

Shares of NYSE CNC opened at $59.42 on Friday. The company has a fifty day moving average price of $62.02 and a 200 day moving average price of $68.59. Centene Co. has a 1-year low of $55.03 and a 1-year high of $81.42. The firm has a market cap of $30.00 billion, a PE ratio of 10.32, a PEG ratio of 0.78 and a beta of 0.46. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.64.

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.