WellCare Health Plans, Inc. (WCG) Shares Sold by Chicago Equity Partners LLC

Chicago Equity Partners LLC reduced its stake in shares of WellCare Health Plans, Inc. (NYSE:WCG) by 19.0% during the 3rd quarter, Holdings Channel reports. The firm owned 33,975 shares of the company’s stock after selling 7,960 shares during the quarter. Chicago Equity Partners LLC’s holdings in WellCare Health Plans were worth $10,889,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Burney Co. bought a new stake in shares of WellCare Health Plans during the second quarter valued at approximately $431,000. MetLife Investment Advisors LLC grew its stake in shares of WellCare Health Plans by 1.2% during the second quarter. MetLife Investment Advisors LLC now owns 28,129 shares of the company’s stock valued at $6,926,000 after purchasing an additional 340 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of WellCare Health Plans by 8.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 183,158 shares of the company’s stock valued at $45,101,000 after purchasing an additional 14,715 shares during the last quarter. Meadow Creek Investment Management LLC grew its stake in shares of WellCare Health Plans by 1.7% during the second quarter. Meadow Creek Investment Management LLC now owns 46,992 shares of the company’s stock valued at $11,571,000 after purchasing an additional 792 shares during the last quarter. Finally, Itau Unibanco Holding S.A. grew its stake in shares of WellCare Health Plans by 46.6% during the second quarter. Itau Unibanco Holding S.A. now owns 1,575 shares of the company’s stock valued at $388,000 after purchasing an additional 501 shares during the last quarter. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE WCG opened at $259.10 on Monday. WellCare Health Plans, Inc. has a fifty-two week low of $187.06 and a fifty-two week high of $324.99. The company has a market capitalization of $12.95 billion, a P/E ratio of 30.41, a price-to-earnings-growth ratio of 1.44 and a beta of 1.23. The company has a current ratio of 1.32, a quick ratio of 1.27 and a debt-to-equity ratio of 0.51.

WellCare Health Plans (NYSE:WCG) last announced its quarterly earnings data on Tuesday, October 30th. The company reported $3.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.09 by $0.24. The business had revenue of $5.06 billion for the quarter, compared to analyst estimates of $5.06 billion. WellCare Health Plans had a net margin of 2.38% and a return on equity of 15.45%. WellCare Health Plans’s revenue was up 14.9% compared to the same quarter last year. During the same period in the prior year, the business posted $4.08 earnings per share. Research analysts predict that WellCare Health Plans, Inc. will post 11.02 EPS for the current fiscal year.

Several equities analysts recently weighed in on WCG shares. SunTrust Banks increased their price objective on shares of WellCare Health Plans to $315.00 and gave the company a “buy” rating in a report on Wednesday, August 1st. Wells Fargo & Co restated a “buy” rating on shares of WellCare Health Plans in a report on Tuesday, July 31st. Bank of America increased their price objective on shares of WellCare Health Plans from $260.00 to $270.00 and gave the company a “buy” rating in a report on Tuesday, July 24th. Argus increased their price objective on shares of WellCare Health Plans from $265.00 to $360.00 and gave the company a “buy” rating in a report on Friday, August 31st. Finally, BMO Capital Markets set a $345.00 price objective on shares of WellCare Health Plans and gave the company a “buy” rating in a report on Friday, September 14th. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $301.13.

WellCare Health Plans Company Profile

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

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