Cambiar Investors LLC Raises Stock Holdings in Centene Co. (NYSE:CNC)

Cambiar Investors LLC raised its holdings in shares of Centene Co. (NYSE:CNC) by 0.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 739,957 shares of the company’s stock after purchasing an additional 2,711 shares during the quarter. Centene accounts for about 2.1% of Cambiar Investors LLC’s portfolio, making the stock its 14th largest position. Cambiar Investors LLC owned about 0.14% of Centene worth $55,704,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in CNC. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Centene by 18.7% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 624,944 shares of the company’s stock valued at $49,046,000 after purchasing an additional 98,298 shares during the last quarter. GSA Capital Partners LLP increased its position in Centene by 435.0% during the first quarter. GSA Capital Partners LLP now owns 20,052 shares of the company’s stock valued at $1,574,000 after acquiring an additional 16,304 shares during the last quarter. Diversified Trust Co lifted its holdings in shares of Centene by 35.8% in the 2nd quarter. Diversified Trust Co now owns 28,009 shares of the company’s stock worth $1,857,000 after acquiring an additional 7,385 shares during the last quarter. Bessemer Group Inc. grew its holdings in Centene by 189.6% during the 1st quarter. Bessemer Group Inc. now owns 24,162 shares of the company’s stock valued at $1,895,000 after purchasing an additional 15,819 shares during the last quarter. Finally, Comerica Bank raised its position in Centene by 7.3% in the 1st quarter. Comerica Bank now owns 118,597 shares of the company’s stock worth $9,307,000 after purchasing an additional 8,103 shares during the period. 93.63% of the stock is currently owned by institutional investors.

Centene Price Performance

Shares of NYSE:CNC opened at $63.52 on Friday. The company has a current ratio of 1.10, a quick ratio of 1.17 and a debt-to-equity ratio of 0.64. Centene Co. has a twelve month low of $59.77 and a twelve month high of $81.42. The company’s 50 day moving average is $71.25 and its 200 day moving average is $71.96. The company has a market cap of $33.41 billion, a PE ratio of 11.03, a price-to-earnings-growth ratio of 0.85 and a beta of 0.48.

Analysts Set New Price Targets

CNC has been the topic of a number of analyst reports. Robert W. Baird cut their target price on Centene from $83.00 to $66.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. TD Cowen boosted their target price on shares of Centene from $80.00 to $89.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Oppenheimer reduced their price target on shares of Centene from $110.00 to $95.00 and set an “outperform” rating on the stock in a research note on Monday, July 29th. Wells Fargo & Company lowered their price objective on shares of Centene from $93.00 to $91.00 and set an “overweight” rating for the company in a research report on Friday, September 13th. Finally, Jefferies Financial Group lowered Centene from a “buy” rating to a “hold” rating and lowered their price target for the company from $83.00 to $69.00 in a report on Wednesday, July 24th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Centene currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.00.

About Centene

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.