Centene Co. (NYSE:CNC) Shares Purchased by Seascape Capital Management

Seascape Capital Management grew its holdings in shares of Centene Co. (NYSE:CNC) by 1.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 41,141 shares of the company’s stock after buying an additional 412 shares during the period. Seascape Capital Management’s holdings in Centene were worth $3,097,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the business. Park Place Capital Corp grew its holdings in Centene by 1,190.0% during the third quarter. Park Place Capital Corp now owns 387 shares of the company’s stock worth $29,000 after acquiring an additional 357 shares during the period. WR Wealth Planners LLC boosted its position in shares of Centene by 41.4% during the 2nd quarter. WR Wealth Planners LLC now owns 468 shares of the company’s stock worth $31,000 after purchasing an additional 137 shares in the last quarter. Chris Bulman Inc acquired a new position in shares of Centene during the 2nd quarter worth $33,000. Riverview Trust Co increased its holdings in shares of Centene by 154.6% in the 2nd quarter. Riverview Trust Co now owns 527 shares of the company’s stock valued at $35,000 after purchasing an additional 320 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Centene during the second quarter worth about $36,000. 93.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on CNC shares. TD Cowen increased their target price on shares of Centene from $80.00 to $89.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Barclays dropped their price objective on Centene from $97.00 to $91.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. Truist Financial decreased their target price on Centene from $92.00 to $89.00 and set a “buy” rating on the stock in a research report on Monday, July 15th. Wells Fargo & Company dropped their price target on Centene from $91.00 to $90.00 and set an “overweight” rating for the company in a research report on Monday, November 4th. Finally, Stephens reiterated an “equal weight” rating and issued a $78.00 price objective on shares of Centene in a research report on Monday, August 5th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $83.92.

Centene Stock Down 3.8 %

Shares of NYSE:CNC opened at $60.14 on Friday. The firm has a market cap of $30.36 billion, a PE ratio of 10.44, a price-to-earnings-growth ratio of 0.88 and a beta of 0.49. The company has a fifty day simple moving average of $69.71 and a 200 day simple moving average of $71.58. 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.

Insiders Place Their Bets

In other Centene news, CEO Sarah London bought 4,117 shares of the business’s stock in a transaction on Friday, November 8th. The shares were purchased at an average price of $60.80 per share, with a total value of $250,313.60. Following the purchase, the chief executive officer now directly owns 667,229 shares of the company’s stock, valued at approximately $40,567,523.20. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 0.33% of the stock is currently owned by corporate insiders.

Centene Profile

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.