Finally, ProShare Advisors LLC raised its position in shares of Centene Corporation by 27.1% during the 1st quarter. In the last ninety days, insiders sold 43,167 shares of company stock valued at $3,470,973. Seven Bridges Advisors LLC acquired a new stake in Centene Corporation during the 2nd quarter valued at $123,000. Profund Advisors LLC now owns 6,883 shares of the company's stock valued at $490,000 after buying an additional 435 shares in the last quarter. MML Investors Services LLC lifted its holdings in Centene Corporation by 1.0% in the second quarter. Cleararc Capital Inc. lifted its holdings in Centene Corporation by 0.8% in the first quarter. Creative Planning now owns 2,476 shares of the company's stock worth $176,000 after buying an additional 127 shares during the period. MV Capital Management Inc. acquired a new stake in Centene Corporation during the 2nd quarter valued at $186,000. Bronfman E.L. Rothschild L.P. now owns 1,662 shares of the company's stock valued at $118,000 after purchasing an additional 93 shares during the period. The correct version of this story can be accessed at https://weekherald.com/2017/09/13/centene-corporation-cnc-price-target-raised-to-107-00.html. State Street Corp owned 4.07% of Centene Corporation worth $392,749,000 as of its most recent filing with the SEC.
Shares of Centene Corporation (CNC) opened at 90.88 on Wednesday. Centene Corporation has a 52 week low of $50.00 and a 52 week high of $91.16. The firm has a market capitalization of $15.67 billion, a P/E ratio of 19.94 and a beta of 0.63.
Centene Corporation (NYSE:CNC) last posted its earnings results on Tuesday, February 7th. The company reported $1.59 EPS for the quarter, topping analysts' consensus estimates of $1.30 by $0.29. The firm had revenue of $11.91 billion for the quarter, compared to the consensus estimate of $10.94 billion. Centene Corporation had a net margin of 1.72% and a return on equity of 14.62%. The business's quarterly revenue was up 89.0% on a year-over-year basis. During the same period previous year, the business posted $1.29 earnings per share.
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Centene shares are up more than 4 percent in pre-market trading.
A number of equities research analysts have issued reports on CNC shares. Deutsche Bank AG raised their price target on shares of Centene Corporation from $84.00 to $92.00 and gave the stock a "buy" rating in a report on Thursday, July 13th. J P Morgan Chase & Co started coverage on Centene Corporation in a research report on Wednesday, December 21st. Centene Corporation now has an average rating of "Buy" and a consensus price target of $86.94. Finally, BidaskClub cut shares of Centene Corporation from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 1st. Jefferies Group LLC reissued a "buy" rating and set a $98.00 target price on shares of Centene Corporation in a research note on Thursday, July 27th. Piper Jaffray Companies reissued a "buy" rating and issued a $105.00 price objective on shares of Centene Corporation in a research note on Thursday, July 27th. They set an "overweight" rating and a $67.00 price target for the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the company's stock. Zacks Investment Research downgraded shares of Centene Corporation from a "buy" rating to a "hold" rating in a research note on Friday, August 4th.
In related news, Director Robert K. Ditmore sold 4,167 shares of the firm's stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $69.54, for a total transaction of $347,700.00.
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