J.P. Marvel Investment Advisors LLC reduced its holdings in Centene Co. (NYSE:CNC – Free Report) by 2.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 44,735 shares of the company’s stock after selling 1,095 shares during the quarter. J.P. Marvel Investment Advisors LLC’s holdings in Centene were worth $3,368,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in the business. EP Wealth Advisors LLC increased its position in Centene by 1.0% during the 1st quarter. EP Wealth Advisors LLC now owns 13,604 shares of the company’s stock valued at $1,068,000 after purchasing an additional 133 shares during the period. WR Wealth Planners LLC raised 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 buying an additional 137 shares in the last quarter. Whittier Trust Co. lifted its holdings in Centene by 10.0% in the second quarter. Whittier Trust Co. now owns 1,562 shares of the company’s stock worth $104,000 after buying an additional 142 shares during the period. Mount Yale Investment Advisors LLC boosted its position in Centene by 2.1% during the 3rd quarter. Mount Yale Investment Advisors LLC now owns 8,082 shares of the company’s stock valued at $608,000 after acquiring an additional 167 shares in the last quarter. Finally, Bleakley Financial Group LLC grew its holdings in shares of Centene by 2.4% during the 1st quarter. Bleakley Financial Group LLC now owns 7,287 shares of the company’s stock worth $572,000 after acquiring an additional 173 shares during the period. 93.63% of the stock is owned by hedge funds and other institutional investors.
Centene Stock Down 0.1 %
Centene stock opened at $62.52 on Friday. The firm has a market cap of $31.56 billion, a price-to-earnings ratio of 10.85, a PEG ratio of 0.88 and a beta of 0.49. 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 Co. has a 12 month low of $59.77 and a 12 month high of $81.42. The stock has a fifty day simple moving average of $70.40 and a two-hundred day simple moving average of $71.75.
Wall Street Analysts Forecast Growth
About Centene
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.
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