Earnest Partners LLC trimmed its holdings in shares of Centene Corp (NYSE:CNC) by 84.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 247,750 shares of the company’s stock after selling 1,371,417 shares during the period. Earnest Partners LLC owned approximately 0.14% of Centene worth $24,993,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of CNC. Ameriprise Financial Inc. grew its stake in Centene by 47.8% in the third quarter. Ameriprise Financial Inc. now owns 5,181,047 shares of the company’s stock valued at $502,999,000 after purchasing an additional 1,676,688 shares in the last quarter. Epoch Investment Partners Inc. grew its stake in Centene by 298.0% in the third quarter. Epoch Investment Partners Inc. now owns 997,346 shares of the company’s stock valued at $96,513,000 after purchasing an additional 746,783 shares in the last quarter. BlackRock Inc. grew its stake in Centene by 4.6% in the fourth quarter. BlackRock Inc. now owns 13,939,406 shares of the company’s stock valued at $1,406,209,000 after purchasing an additional 616,914 shares in the last quarter. Acadian Asset Management LLC grew its stake in Centene by 68.2% in the fourth quarter. Acadian Asset Management LLC now owns 1,239,278 shares of the company’s stock valued at $125,021,000 after purchasing an additional 502,329 shares in the last quarter. Finally, AGF Investments Inc. purchased a new position in Centene in the fourth quarter valued at about $49,577,000. 90.53% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Robert K. Ditmore sold 8,750 shares of the stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $104.30, for a total transaction of $912,625.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Christopher D. Bowers sold 4,800 shares of the stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $102.27, for a total value of $490,896.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 37,300 shares of company stock valued at $3,802,509. 3.00% of the stock is currently owned by corporate insiders.
Shares of Centene Corp (CNC) opened at $101.67 on Wednesday. The stock has a market capitalization of $17,579.84, a PE ratio of 21.68, a PEG ratio of 0.97 and a beta of 0.76. Centene Corp has a 52 week low of $65.03 and a 52 week high of $112.42. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.93 and a current ratio of 0.93.
Centene (NYSE:CNC) last released its quarterly earnings results on Tuesday, February 6th. The company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.03. The company had revenue of $12.81 billion during the quarter, compared to the consensus estimate of $12.25 billion. Centene had a return on equity of 13.68% and a net margin of 1.71%. The firm’s revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.19 EPS. research analysts expect that Centene Corp will post 7.2 earnings per share for the current year.
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Centene Company Profile
Centene Corporation is a healthcare company. The Company provides a portfolio of services to government sponsored healthcare programs, focusing on under-insured and uninsured individuals. The Company operates through two segments: Managed Care and Specialty Services. The Company’s Managed Care segment provides health plan coverage to individuals, through government subsidized programs, including Medicaid, the State Children’s Health Insurance Program (CHIP), Long Term Care, Foster Care, dual-eligible individuals (Duals) and the Supplemental Security Income Program, also known as the Aged, Blind or Disabled Program (ABD), Medicare, and Health Insurance Marketplace.
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