Victory Capital Management Inc. lifted its holdings in shares of Centene Co. (NYSE:CNC – Free 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
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.
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