772,445 Shares in Centene Corporation $CNC Bought by Private Management Group Inc.

Private Management Group Inc. bought a new position in shares of Centene Corporation (NYSE:CNC) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 772,445 shares of the company’s stock, valued at approximately $27,561,000. Private Management Group Inc. owned about 0.16% of Centene at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. WPG Advisers LLC increased its stake in shares of Centene by 44.5% in the third 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. Versant Capital Management Inc boosted its stake in Centene by 11.6% during the 3rd quarter. Versant Capital Management Inc now owns 3,421 shares of the company’s stock valued at $122,000 after purchasing an additional 355 shares during the period. Snowden Capital Advisors LLC grew its holdings in Centene by 8.0% in the 2nd quarter. Snowden Capital Advisors LLC now owns 5,073 shares of the company’s stock valued at $275,000 after buying an additional 374 shares during the last quarter. MAI Capital Management increased its position in Centene by 6.3% in the 3rd quarter. MAI Capital Management now owns 6,545 shares of the company’s stock worth $234,000 after buying an additional 388 shares during the period. Finally, Financial Network Wealth Advisors LLC lifted its holdings in shares of Centene by 54.9% during the third quarter. Financial Network Wealth Advisors LLC now owns 1,100 shares of the company’s stock worth $39,000 after buying an additional 390 shares during the last quarter. 93.63% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on CNC shares. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Centene from $32.00 to $39.00 and gave the stock a “hold” rating in a research note on Tuesday, February 10th. Truist Financial upped their target price on shares of Centene from $47.00 to $49.00 and gave the company a “buy” rating in a research note on Wednesday, February 25th. Weiss Ratings restated a “sell (d)” rating on shares of Centene in a research report on Wednesday, January 21st. TD Cowen boosted their price objective on shares of Centene from $34.00 to $38.00 and gave the stock a “hold” rating in a report on Wednesday, February 11th. Finally, Wall Street Zen cut shares of Centene from a “buy” rating to a “hold” rating in a research note on Sunday, February 15th. Three research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $42.06.

Centene Stock Down 0.3%

Shares of CNC stock opened at $34.47 on Friday. Centene Corporation has a one year low of $25.08 and a one year high of $66.03. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.10 and a quick ratio of 1.10. The stock has a fifty day moving average price of $42.81 and a 200 day moving average price of $38.33. The stock has a market cap of $16.95 billion, a P/E ratio of -2.53, a price-to-earnings-growth ratio of 0.77 and a beta of 0.48.

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

Centene Profile

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.