Koss Olinger Consulting LLC Has $289,000 Holdings in Centene Co. (NYSE:CNC)

Koss Olinger Consulting LLC lifted its holdings in shares of Centene Co. (NYSE:CNC) by 10.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 3,837 shares of the company’s stock after purchasing an additional 361 shares during the period. Koss Olinger Consulting LLC’s holdings in Centene were worth $289,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Swedbank AB acquired a new stake in Centene during the 1st quarter worth $914,080,000. Capital International Investors raised its holdings in shares of Centene by 60.2% during the first quarter. Capital International Investors now owns 5,216,486 shares of the company’s stock worth $409,390,000 after acquiring an additional 1,959,460 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Centene by 22.9% in the second quarter. AQR Capital Management LLC now owns 4,461,517 shares of the company’s stock valued at $295,799,000 after purchasing an additional 832,318 shares in the last quarter. Legal & General Group Plc lifted its stake in Centene by 14.2% in the 2nd quarter. Legal & General Group Plc now owns 5,113,759 shares of the company’s stock valued at $339,042,000 after acquiring an additional 636,683 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ lifted its position in shares of Centene by 42.3% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 1,400,276 shares of the company’s stock worth $92,838,000 after purchasing an additional 416,003 shares in the last quarter. 93.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CNC. Jefferies Financial Group cut Centene from a “buy” rating to a “hold” rating and reduced their price target for the company from $83.00 to $69.00 in a research report on Wednesday, July 24th. Truist Financial lowered their price objective on Centene from $92.00 to $89.00 and set a “buy” rating on the stock in a research report on Monday, July 15th. JPMorgan Chase & Co. dropped their price objective on Centene from $85.00 to $80.00 and set a “neutral” rating for the company in a report on Wednesday, July 10th. 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 report on Wednesday, July 31st. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $90.00 price target on shares of Centene in a report on Tuesday, October 1st. Seven analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $85.58.

Centene Stock Down 1.6 %

Shares of NYSE CNC opened at $61.00 on Tuesday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.64. The company’s fifty day simple moving average is $74.15 and its 200 day simple moving average is $72.62. The firm has a market cap of $32.55 billion, a PE ratio of 12.13, a P/E/G ratio of 0.98 and a beta of 0.48. Centene Co. has a 12-month low of $60.97 and a 12-month high of $81.42.

Centene (NYSE:CNC) last posted its quarterly earnings results on Friday, July 26th. The company reported $2.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.44 by ($0.02). The business had revenue of $39.84 billion during the quarter, compared to analyst estimates of $36.83 billion. Centene had a net margin of 1.79% and a return on equity of 14.45%. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the previous year, the business posted $2.10 EPS. As a group, sell-side analysts forecast that Centene Co. will post 6.8 earnings per share for the current fiscal year.

Centene Profile

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.