WellCare Health Plans, Inc. (WCG) Holdings Raised by Vident Investment Advisory LLC

Vident Investment Advisory LLC boosted its position in WellCare Health Plans, Inc. (NYSE:WCG) by 16.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,793 shares of the company’s stock after acquiring an additional 2,770 shares during the period. Vident Investment Advisory LLC’s holdings in WellCare Health Plans were worth $3,399,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. State of Alaska Department of Revenue bought a new stake in shares of WellCare Health Plans during the 2nd quarter valued at about $121,000. Great West Life Assurance Co. Can boosted its stake in shares of WellCare Health Plans by 0.7% during the 2nd quarter. Great West Life Assurance Co. Can now owns 32,236 shares of the company’s stock valued at $5,783,000 after purchasing an additional 219 shares in the last quarter. CIBC Asset Management Inc bought a new stake in shares of WellCare Health Plans during the 2nd quarter valued at about $251,000. Sei Investments Co. boosted its stake in shares of WellCare Health Plans by 45.7% during the 2nd quarter. Sei Investments Co. now owns 14,599 shares of the company’s stock valued at $2,621,000 after purchasing an additional 4,582 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its stake in shares of WellCare Health Plans by 45.2% during the 2nd quarter. Canada Pension Plan Investment Board now owns 154,200 shares of the company’s stock valued at $27,688,000 after purchasing an additional 48,000 shares in the last quarter. 99.91% of the stock is currently owned by institutional investors and hedge funds.

In related news, CEO Kenneth A. Burdick sold 8,500 shares of the business’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $174.24, for a total transaction of $1,481,040.00. Following the sale, the chief executive officer now owns 23,627 shares of the company’s stock, valued at $4,116,768.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Carol Burt sold 997 shares of the business’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $202.20, for a total transaction of $201,593.40. The disclosure for this sale can be found here. Insiders own 0.47% of the company’s stock.

WellCare Health Plans, Inc. (WCG) traded down $1.05 during trading hours on Friday, reaching $207.95. 187,650 shares of the company traded hands, compared to its average volume of 322,152. WellCare Health Plans, Inc. has a 1-year low of $133.21 and a 1-year high of $213.97. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.28 and a quick ratio of 1.28. The company has a market capitalization of $9,258.35, a price-to-earnings ratio of 22.51, a P/E/G ratio of 1.60 and a beta of 0.82.

WellCare Health Plans (NYSE:WCG) last posted its quarterly earnings data on Tuesday, October 31st. The company reported $4.08 EPS for the quarter, topping the consensus estimate of $1.90 by $2.18. WellCare Health Plans had a net margin of 2.21% and a return on equity of 19.42%. The business had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.37 billion. During the same quarter in the previous year, the firm posted $1.63 earnings per share. WellCare Health Plans’s quarterly revenue was up 22.8% on a year-over-year basis. analysts anticipate that WellCare Health Plans, Inc. will post 8.44 earnings per share for the current year.

A number of equities research analysts have recently weighed in on WCG shares. Piper Jaffray Companies reaffirmed a “buy” rating and set a $214.00 target price on shares of WellCare Health Plans in a research note on Wednesday, November 1st. ValuEngine raised shares of WellCare Health Plans from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Cantor Fitzgerald reaffirmed a “buy” rating and set a $195.00 target price on shares of WellCare Health Plans in a research note on Saturday, August 26th. Zacks Investment Research raised shares of WellCare Health Plans from a “hold” rating to a “buy” rating and set a $221.00 target price on the stock in a research note on Thursday, November 2nd. Finally, Deutsche Bank lifted their target price on shares of WellCare Health Plans to $240.00 and gave the company a “buy” rating in a research note on Monday, November 20th. Eleven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $200.20.

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WellCare Health Plans 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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