Centene Co. (NYSE:CNC) Shares Sold by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. cut its holdings in Centene Co. (NYSE:CNC) by 3.1% during the 3rd quarter, Holdings Channel reports. The firm owned 1,565,215 shares of the company’s stock after selling 49,543 shares during the period. Rockefeller Capital Management L.P.’s holdings in Centene were worth $117,830,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the stock. Park Place Capital Corp grew its holdings in Centene by 1,190.0% during the 3rd quarter. Park Place Capital Corp now owns 387 shares of the company’s stock valued at $29,000 after buying an additional 357 shares during the last quarter. WR Wealth Planners LLC raised its stake in Centene by 41.4% in the 2nd quarter. WR Wealth Planners LLC now owns 468 shares of the company’s stock valued at $31,000 after purchasing an additional 137 shares during the last quarter. Chris Bulman Inc purchased a new position in Centene in the 2nd quarter valued at about $33,000. Riverview Trust Co boosted its stake in shares of Centene by 154.6% during the 2nd quarter. Riverview Trust Co now owns 527 shares of the company’s stock worth $35,000 after purchasing an additional 320 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Centene during the second quarter worth approximately $36,000. 93.63% of the stock is currently owned by institutional investors and hedge funds.

Centene Trading Down 0.1 %

NYSE CNC opened at $59.93 on Friday. The company’s fifty day simple moving average is $65.43 and its 200-day simple moving average is $70.04. The stock has a market cap of $30.26 billion, a P/E ratio of 10.40, a PEG ratio of 0.82 and a beta of 0.49. Centene Co. has a 52 week low of $57.20 and a 52 week high of $81.42. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.64.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on CNC shares. Cantor Fitzgerald restated an “overweight” rating and set a $90.00 price objective on shares of Centene in a report on Tuesday, October 1st. Barclays dropped their price objective on shares of Centene from $97.00 to $91.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. Wells Fargo & Company lowered their target price on shares of Centene from $91.00 to $90.00 and set an “overweight” rating for the company in a report on Monday, November 4th. StockNews.com downgraded shares of Centene from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 28th. Finally, Robert W. Baird lowered their price objective on shares of Centene from $83.00 to $66.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $83.92.

Insider Buying and Selling at Centene

In other news, CEO Sarah London purchased 4,117 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was acquired at an average cost of $60.80 per share, for a total transaction of $250,313.60. Following the completion of the purchase, the chief executive officer now owns 667,229 shares of the company’s stock, valued at approximately $40,567,523.20. This trade represents a 0.62 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Andrew Lynn Asher acquired 17,200 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were purchased at an average price of $58.14 per share, for a total transaction of $1,000,008.00. Following the purchase, the chief financial officer now directly owns 486,847 shares of the company’s stock, valued at $28,305,284.58. This represents a 3.66 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.33% of the stock is currently owned by corporate insiders.

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.