Share on StockTwits

Shares of WellCare Health Plans (NYSE:WCG) were the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totalling 1,831,856 shares, an increase of 66.9% from the July 15th total of 1,097,702 shares, American Banking News reports. Currently, 4.2% of the company’s shares are short sold. Based on an average daily trading volume, of 1,404,017 shares, the short-interest ratio is currently 1.3 days.

A number of research firms have recently commented on WCG. Analysts at Zacks downgraded shares of WellCare Health Plans from a “neutral” rating to an “underperform” rating in a research note on Monday. They now have a $60.20 price target on the stock. Separately, analysts at Wedbush downgraded shares of WellCare Health Plans from an “outperform” rating to a “neutral” rating in a research note on Monday. They now have a $55.00 price target on the stock, down previously from $70.00. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of WellCare Health Plans in a research note on Wednesday, July 30th. They now have a $72.00 price target on the stock, down previously from $85.00. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. WellCare Health Plans currently has a consensus rating of “Hold” and a consensus target price of $69.55.

Shares of WellCare Health Plans (NYSE:WCG) opened at 62.75 on Tuesday. WellCare Health Plans has a 52-week low of $55.16 and a 52-week high of $78.37. The stock has a 50-day moving average of $68.59 and a 200-day moving average of $67.98. The company has a market cap of $2.754 billion and a price-to-earnings ratio of 19.14.

WellCare Health Plans (NYSE:WCG) last announced its earnings results on Friday, July 25th. The company reported ($0.07) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.90 by $0.97. The company had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.02 billion. During the same quarter in the prior year, the company posted $1.35 earnings per share. Analysts expect that WellCare Health Plans will post $2.15 EPS for the current fiscal year.

WellCare Health Plans, Inc (NYSE:WCG) is a provider of managed care services to government-sponsored health care programs, focusing on Medicaid and Medicare.

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