HUB Investment Partners LLC Boosts Holdings in Centene Corporation $CNC

HUB Investment Partners LLC raised its stake in shares of Centene Corporation (NYSE:CNC) by 341.5% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 16,628 shares of the company’s stock after buying an additional 12,862 shares during the period. HUB Investment Partners LLC’s holdings in Centene were worth $593,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of CNC. Addison Advisors LLC raised its position in Centene by 455.6% during the third quarter. Addison Advisors LLC now owns 739 shares of the company’s stock valued at $26,000 after acquiring an additional 606 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in Centene in the 3rd quarter worth approximately $27,000. WPG Advisers LLC grew its stake in shares of Centene by 44.5% during the 3rd quarter. WPG Advisers LLC now owns 915 shares of the company’s stock worth $33,000 after purchasing an additional 282 shares during the period. Bogart Wealth LLC increased its holdings in shares of Centene by 11,011.1% during the 3rd quarter. Bogart Wealth LLC now owns 1,000 shares of the company’s stock valued at $36,000 after purchasing an additional 991 shares in the last quarter. Finally, Financial Network Wealth Advisors LLC lifted its stake in shares of Centene by 54.9% in the 3rd quarter. Financial Network Wealth Advisors LLC now owns 1,100 shares of the company’s stock valued at $39,000 after purchasing an additional 390 shares during the period. Hedge funds and other institutional investors own 93.63% of the company’s stock.

Centene Stock Up 1.0%

Shares of NYSE CNC opened at $43.70 on Monday. The firm has a market cap of $21.49 billion, a price-to-earnings ratio of -3.21, a price-to-earnings-growth ratio of 0.97 and a beta of 0.48. The company’s 50-day simple moving average is $43.25 and its 200-day simple moving average is $38.18. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.87. Centene Corporation has a 52-week low of $25.08 and a 52-week high of $66.03.

Centene (NYSE:CNC) last released its quarterly earnings results on Friday, February 6th. The company reported ($1.19) earnings per share for the quarter, topping the consensus estimate of ($1.22) by $0.03. Centene had a negative net margin of 3.43% and a positive return on equity of 4.25%. The firm had revenue of $49.73 billion during the quarter, compared to the consensus estimate of $48.41 billion. During the same quarter in the prior year, the firm earned $0.80 EPS. The company’s revenue for the quarter was up 21.9% on a year-over-year basis. Centene has set its FY 2026 guidance at 3.000-3.000 EPS. Equities analysts predict that Centene Corporation will post 6.86 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Wells Fargo & Company set a $44.00 price target on shares of Centene and gave the company an “equal weight” rating in a research report on Wednesday, February 18th. Jefferies Financial Group lowered their target price on shares of Centene from $43.00 to $37.00 and set a “hold” rating on the stock in a research note on Friday, February 13th. Wall Street Zen cut Centene from a “buy” rating to a “hold” rating in a research report on Sunday, February 15th. Deutsche Bank Aktiengesellschaft upped their price target on Centene from $32.00 to $39.00 and gave the stock a “hold” rating in a report on Tuesday, February 10th. Finally, Truist Financial raised their price objective on Centene from $47.00 to $49.00 and gave the company a “buy” rating in a report on Wednesday, February 25th. Three investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Centene has a consensus rating of “Hold” and a consensus target price of $42.44.

About Centene

Centene Corporation (NYSE: CNC) is a diversified, multi-national healthcare enterprise that specializes in providing services to government-sponsored and national health programs. The company primarily acts as a managed care organization, delivering healthcare coverage and administering benefits for Medicaid, the Children’s Health Insurance Program (CHIP), Medicare Advantage, and individual marketplace plans. Centene also contracts with federal and state agencies to manage specialty care programs and community-based services for vulnerable populations.

Centene’s offerings extend beyond traditional insurance to include a range of specialty and support services.