WellCare Health Plans, Inc. (WCG) Shares Bought by Los Angeles Capital Management & Equity Research Inc.

Los Angeles Capital Management & Equity Research Inc. boosted its holdings in WellCare Health Plans, Inc. (NYSE:WCG) by 8.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,293 shares of the company’s stock after acquiring an additional 889 shares during the quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in WellCare Health Plans were worth $2,028,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in WCG. BlackRock Inc. raised its position in WellCare Health Plans by 7,347.7% in the first quarter. BlackRock Inc. now owns 4,195,120 shares of the company’s stock worth $588,199,000 after acquiring an additional 4,138,792 shares in the last quarter. Renaissance Technologies LLC raised its position in WellCare Health Plans by 157.2% in the first quarter. Renaissance Technologies LLC now owns 618,300 shares of the company’s stock worth $86,692,000 after acquiring an additional 377,900 shares in the last quarter. AQR Capital Management LLC raised its position in WellCare Health Plans by 18.8% in the first quarter. AQR Capital Management LLC now owns 2,114,365 shares of the company’s stock worth $296,455,000 after acquiring an additional 334,095 shares in the last quarter. American Century Companies Inc. raised its position in WellCare Health Plans by 712.9% in the second quarter. American Century Companies Inc. now owns 371,561 shares of the company’s stock worth $66,717,000 after acquiring an additional 325,853 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in WellCare Health Plans by 5.5% in the first quarter. Vanguard Group Inc. now owns 4,435,885 shares of the company’s stock worth $621,956,000 after acquiring an additional 231,890 shares in the last quarter. Hedge funds and other institutional investors own 97.81% of the company’s stock.

WellCare Health Plans, Inc. (NYSE WCG) opened at 177.79 on Friday. The stock has a market cap of $7.91 billion, a PE ratio of 31.24 and a beta of 0.88. WellCare Health Plans, Inc. has a 12 month low of $111.36 and a 12 month high of $184.88. The stock has a 50 day moving average price of $173.98 and a 200-day moving average price of $165.65.

WellCare Health Plans (NYSE:WCG) last announced its quarterly earnings data on Friday, August 4th. The company reported $2.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.23 by $0.29. The business had revenue of $4.31 billion during the quarter, compared to analyst estimates of $4.23 billion. WellCare Health Plans had a return on equity of 14.91% and a net margin of 1.66%. The company’s revenue was up 19.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.23 earnings per share. On average, analysts expect that WellCare Health Plans, Inc. will post $6.99 EPS for the current year.

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In other news, Director Glenn Md Phd Steele, Jr. sold 8,374 shares of the company’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $171.97, for a total value of $1,440,076.78. Following the completion of the sale, the director now owns 5,722 shares in the company, valued at $984,012.34. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.50% of the company’s stock.

Several research analysts have issued reports on the company. Credit Suisse Group reiterated a “neutral” rating and issued a $163.00 price objective (up previously from $155.00) on shares of WellCare Health Plans in a research report on Thursday, July 13th. BidaskClub cut WellCare Health Plans from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Zacks Investment Research cut WellCare Health Plans from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. ValuEngine upgraded WellCare Health Plans from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Cantor Fitzgerald reiterated a “buy” rating and issued a $195.00 price objective on shares of WellCare Health Plans in a research report on Saturday, August 26th. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $173.92.

WellCare Health Plans Company Profile

WellCare Health Plans, Inc is a managed care company. The Company focuses on government-sponsored managed care services, primarily through Medicaid, Medicare Advantage (MA) and Medicare Prescription Drug Plans (PDPs), to families, children, seniors and individuals with medical needs. The Company operates through three segments: Medicaid Health Plans, Medicare Health Plans and Medicare PDPs.

Institutional Ownership by Quarter for WellCare Health Plans (NYSE:WCG)

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