Victory Capital Management Inc. Acquires 26,691 Shares of Centene Co. (NYSE:CNC)

Victory Capital Management Inc. lifted its holdings in shares of Centene Co. (NYSE:CNCFree Report) by 6.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 426,023 shares of the company’s stock after buying an additional 26,691 shares during the quarter. Victory Capital Management Inc.’s holdings in Centene were worth $29,344,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Coppell Advisory Solutions Corp. bought a new stake in Centene in the 4th quarter worth $25,000. ST Germain D J Co. Inc. bought a new stake in Centene in the 2nd quarter worth $26,000. OFI Invest Asset Management bought a new stake in Centene in the 3rd quarter worth $26,000. KB Financial Partners LLC bought a new stake in Centene in the 1st quarter worth $36,000. Finally, Coppell Advisory Solutions LLC bought a new stake in Centene in the 2nd quarter worth $46,000. Institutional investors own 90.92% of the company’s stock.

Centene Stock Up 0.6 %

Shares of Centene stock opened at $75.31 on Thursday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a market capitalization of $40.23 billion, a PE ratio of 16.92, a price-to-earnings-growth ratio of 0.94 and a beta of 0.40. Centene Co. has a 52-week low of $60.83 and a 52-week high of $79.83. The company has a 50-day simple moving average of $75.16 and a two-hundred day simple moving average of $70.68.

Analyst Upgrades and Downgrades

CNC has been the topic of a number of research reports. Truist Financial lifted their target price on shares of Centene from $83.00 to $86.00 and gave the company a “buy” rating in a research note on Thursday, December 21st. Wells Fargo & Company raised shares of Centene from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $82.00 to $90.00 in a research note on Tuesday, January 2nd. Jefferies Financial Group cut their target price on shares of Centene from $82.00 to $81.00 and set a “buy” rating on the stock in a research note on Monday, October 9th. StockNews.com initiated coverage on shares of Centene in a research note on Thursday, October 5th. They set a “strong-buy” rating on the stock. Finally, Cantor Fitzgerald lifted their target price on shares of Centene from $82.00 to $90.00 and gave the company an “overweight” rating in a research note on Friday, December 15th. Eight research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Centene currently has a consensus rating of “Moderate Buy” and a consensus price target of $84.47.

Get Our Latest Analysis on Centene

Centene Profile

(Free Report)

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. It operates in two segments, Managed Care and Specialty Services. The Managed Care segment offers health plan coverage to individuals through government subsidized programs, including Medicaid, the State children's health insurance program, long-term services and support, foster care, and medicare-medicaid plans, which cover dually eligible individuals, as well as aged, blind, or disabled programs.

See Also

Want to see what other hedge funds are holding CNC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Centene Co. (NYSE:CNCFree Report).

Institutional Ownership by Quarter for Centene (NYSE:CNC)

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