Unigestion Holding SA raised its position in WellCare Health Plans, Inc. (NYSE:WCG) by 253.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,193 shares of the company’s stock after buying an additional 15,193 shares during the quarter. Unigestion Holding SA’s holdings in WellCare Health Plans were worth $6,792,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of WCG. TradeLink Capital LLC purchased a new stake in shares of WellCare Health Plans during the third quarter worth approximately $481,000. Dupont Capital Management Corp purchased a new stake in shares of WellCare Health Plans during the third quarter worth approximately $1,940,000. Global Financial Private Capital LLC purchased a new stake in shares of WellCare Health Plans during the third quarter worth approximately $2,329,000. Picton Mahoney Asset Management raised its stake in shares of WellCare Health Plans by 65.5% during the third quarter. Picton Mahoney Asset Management now owns 11,585 shares of the company’s stock worth $3,713,000 after purchasing an additional 4,585 shares during the last quarter. Finally, Chicago Partners Investment Group LLC raised its stake in shares of WellCare Health Plans by 100.0% during the third quarter. Chicago Partners Investment Group LLC now owns 400 shares of the company’s stock worth $117,000 after purchasing an additional 200 shares during the last quarter. Institutional investors own 97.29% of the company’s stock.
NYSE:WCG opened at $273.32 on Friday. The firm has a market capitalization of $13.76 billion, a price-to-earnings ratio of 28.05, a price-to-earnings-growth ratio of 1.53 and a beta of 1.23. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.32 and a quick ratio of 1.32. WellCare Health Plans, Inc. has a 1 year low of $187.06 and a 1 year high of $324.99.
WellCare Health Plans (NYSE:WCG) last released its quarterly earnings data on Tuesday, October 30th. The company reported $3.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.09 by $0.24. The firm had revenue of $5.06 billion during the quarter, compared to analysts’ expectations of $5.06 billion. WellCare Health Plans had a return on equity of 15.45% and a net margin of 2.38%. WellCare Health Plans’s revenue was up 14.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.08 earnings per share. As a group, sell-side analysts anticipate that WellCare Health Plans, Inc. will post 11.01 EPS for the current year.
Several research firms have recently commented on WCG. Barclays restated a “buy” rating and set a $325.00 price target on shares of WellCare Health Plans in a research note on Tuesday, September 18th. Argus upped their price target on WellCare Health Plans from $265.00 to $360.00 and gave the stock a “buy” rating in a research note on Friday, August 31st. Zacks Investment Research upgraded WellCare Health Plans from a “hold” rating to a “strong-buy” rating and set a $295.00 price target for the company in a research note on Thursday, July 26th. SunTrust Banks upped their price target on WellCare Health Plans to $315.00 and gave the stock a “buy” rating in a research note on Wednesday, August 1st. Finally, Morgan Stanley upped their price target on WellCare Health Plans from $330.00 to $350.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 12th. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $301.13.
In other WellCare Health Plans news, EVP Yount Michael sold 500 shares of the stock in a transaction on Wednesday, November 7th. The stock was sold at an average price of $263.38, for a total value of $131,690.00. Following the completion of the transaction, the executive vice president now owns 7,044 shares in the company, valued at $1,855,248.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.59% of the company’s stock.
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WellCare Health Plans Company Profile
WellCare Health Plans, Inc provides managed care services for government-sponsored health care programs. It operates through three segments: Medicaid Health Plans, Medicare Health Plans, and Medicare PDPs. The Medicaid Health Plans segment offers plans for beneficiaries of temporary assistance for needy families, supplemental security income, and aged blind and disabled residents; and other state-based programs, such as children's health insurance programs and long-term services and supports for qualifying families who are not eligible for Medicaid.
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