Ontario Teachers Pension Plan Board Sells 36,138 Shares of Centene Co. (NYSE:CNC)

Ontario Teachers Pension Plan Board lessened its position in Centene Co. (NYSE:CNC - Free Report) by 88.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,928 shares of the company's stock after selling 36,138 shares during the period. Ontario Teachers Pension Plan Board's holdings in Centene were worth $371,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Park Place Capital Corp increased its holdings in Centene by 1,190.0% during the 3rd quarter. Park Place Capital Corp now owns 387 shares of the company's stock valued at $29,000 after purchasing an additional 357 shares during the period. WR Wealth Planners LLC grew its position in shares of Centene by 41.4% in the 2nd quarter. WR Wealth Planners LLC now owns 468 shares of the company's stock worth $31,000 after buying an additional 137 shares during the last quarter. Chris Bulman Inc bought a new position in shares of Centene during the second quarter valued at approximately $33,000. Riverview Trust Co lifted its stake in Centene by 154.6% in the second quarter. Riverview Trust Co now owns 527 shares of the company's stock worth $35,000 after acquiring an additional 320 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in Centene in the second quarter valued at $36,000. 93.63% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. StockNews.com cut shares of Centene from a "strong-buy" rating to a "buy" rating in a research report on Monday, October 28th. Wells Fargo & Company cut their price objective on Centene from $91.00 to $90.00 and set an "overweight" rating on the stock in a research report on Monday, November 4th. Robert W. Baird decreased their target price on Centene from $83.00 to $66.00 and set a "neutral" rating for the company in a research report on Friday, October 25th. Cantor Fitzgerald restated an "overweight" rating and set a $90.00 price target on shares of Centene in a research report on Tuesday, October 1st. Finally, TD Cowen raised their price objective on Centene from $80.00 to $89.00 and gave the company a "buy" rating in a research report on Wednesday, July 31st. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Centene currently has a consensus rating of "Moderate Buy" and an average price target of $83.92.

Insider Transactions at Centene

In related news, CFO Andrew Lynn Asher acquired 17,200 shares of the firm's stock in a transaction dated Wednesday, November 13th. The stock was purchased at an average cost of $58.14 per share, with a total value of $1,000,008.00. Following the completion of the acquisition, the chief financial officer now directly owns 486,847 shares of the company's stock, valued at approximately $28,305,284.58. This trade represents a 3.66 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Sarah London bought 4,117 shares of the company's stock in a transaction that occurred on Friday, November 8th. The stock was bought at an average price of $60.80 per share, for a total transaction of $250,313.60. Following the acquisition, the chief executive officer now directly owns 667,229 shares of the company's stock, valued at $40,567,523.20. The trade was a 0.62 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.33% of the company's stock.

Centene Stock Up 0.0 %

Centene stock traded up $0.02 during mid-day trading on Friday, reaching $60.37. The stock had a trading volume of 4,143,310 shares, compared to its average volume of 6,945,282. The company has a 50-day moving average price of $66.68 and a two-hundred day moving average price of $70.46. Centene Co. has a one year low of $57.20 and a one year high of $81.42. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.10 and a quick ratio of 1.10. The company has a market capitalization of $30.48 billion, a price-to-earnings ratio of 10.48, a PEG ratio of 0.83 and a beta of 0.49.

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.