Traders sold shares of WellCare Health Plans, Inc. (NYSE:WCG) on strength during trading on Thursday. $29.20 million flowed into the stock on the tick-up and $50.26 million flowed out of the stock on the tick-down, for a money net flow of $21.06 million out of the stock. Of all stocks tracked, WellCare Health Plans had the 0th highest net out-flow for the day. WellCare Health Plans traded up $0.91 for the day and closed at $317.13
Several research analysts recently commented on WCG shares. SunTrust Banks raised their target price on WellCare Health Plans to $315.00 and gave the stock a “buy” rating in a research report on Wednesday, August 1st. Wells Fargo & Co reaffirmed a “buy” rating on shares of WellCare Health Plans in a research report on Tuesday, July 31st. Bank of America raised their target price on WellCare Health Plans from $260.00 to $270.00 and gave the stock a “buy” rating in a research report on Tuesday, July 24th. Argus raised their target price on WellCare Health Plans from $265.00 to $360.00 and gave the stock a “buy” rating in a research report on Friday, August 31st. Finally, BMO Capital Markets set a $345.00 target price on WellCare Health Plans and gave the stock a “buy” rating in a research report on Friday, September 14th. Two investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. WellCare Health Plans currently has an average rating of “Buy” and an average price target of $296.00.
The firm has a market cap of $14.20 billion, a PE ratio of 30.03, a price-to-earnings-growth ratio of 1.90 and a beta of 1.02. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.27 and a quick ratio of 1.27.
WellCare Health Plans (NYSE:WCG) last issued its quarterly earnings data on Tuesday, July 31st. The company reported $3.69 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.03 by $0.66. The company had revenue of $4.64 billion during the quarter, compared to analysts’ expectations of $4.65 billion. WellCare Health Plans had a return on equity of 19.20% and a net margin of 2.69%. The business’s revenue was up 7.8% on a year-over-year basis. During the same period last year, the business earned $2.52 earnings per share. On average, equities analysts anticipate that WellCare Health Plans, Inc. will post 10.86 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the business. Harvest Fund Management Co. Ltd lifted its holdings in shares of WellCare Health Plans by 55.2% during the second quarter. Harvest Fund Management Co. Ltd now owns 512 shares of the company’s stock valued at $126,000 after acquiring an additional 182 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of WellCare Health Plans by 98.9% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 561 shares of the company’s stock valued at $108,000 after buying an additional 279 shares in the last quarter. Cerebellum GP LLC acquired a new stake in shares of WellCare Health Plans in the third quarter valued at $191,000. Jaffetilchin Investment Partners LLC acquired a new stake in shares of WellCare Health Plans in the third quarter valued at $202,000. Finally, Courier Capital LLC acquired a new stake in shares of WellCare Health Plans in the third quarter valued at $246,000. 97.21% of the stock is owned by institutional investors.
About WellCare Health Plans (NYSE:WCG)
WellCare Health Plans, Inc provides managed care services for government-sponsored health care programs. It operates through three segments: Medicaid Health Plans, Medicare Health Plans, and Medicare PDPs. The Medicaid Health Plans segment offers plans for beneficiaries of temporary assistance for needy families, supplemental security income, and aged blind and disabled residents; and other state-based programs, such as children's health insurance programs and long-term services and supports for qualifying families who are not eligible for Medicaid.
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