Focus Partners Advisor Solutions LLC Makes New $4.51 Million Investment in Centene Corporation $CNC

Focus Partners Advisor Solutions LLC bought a new position in shares of Centene Corporation (NYSE:CNC) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 70,327 shares of the company’s stock, valued at approximately $4,514,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Chicago Partners Investment Group LLC grew its holdings in Centene by 114.1% in the fourth quarter. Chicago Partners Investment Group LLC now owns 45,798 shares of the company’s stock valued at $1,885,000 after purchasing an additional 24,411 shares during the last quarter. Ninety One UK Ltd raised its stake in shares of Centene by 162.6% during the 4th quarter. Ninety One UK Ltd now owns 1,720,422 shares of the company’s stock worth $70,795,000 after buying an additional 1,065,223 shares during the last quarter. Krilogy Financial LLC boosted its position in shares of Centene by 66.7% in the 4th quarter. Krilogy Financial LLC now owns 87,997 shares of the company’s stock worth $3,621,000 after buying an additional 35,211 shares in the last quarter. Gateway Investment Advisers LLC grew its stake in Centene by 599.0% in the 4th quarter. Gateway Investment Advisers LLC now owns 52,816 shares of the company’s stock valued at $2,173,000 after acquiring an additional 45,260 shares during the last quarter. Finally, waypoint wealth counsel increased its holdings in Centene by 98.9% during the 4th quarter. waypoint wealth counsel now owns 26,313 shares of the company’s stock valued at $1,083,000 after acquiring an additional 13,085 shares in the last quarter. 93.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. TD Cowen reaffirmed a “hold” rating and issued a $65.00 price target (up from $47.00) on shares of Centene in a report on Tuesday, July 14th. Weiss Ratings reissued a “sell (d)” rating on shares of Centene in a research note on Friday, July 17th. Stifel Nicolaus set a $79.00 price objective on Centene in a research report on Monday, August 3rd. JPMorgan Chase & Co. increased their target price on Centene from $60.00 to $67.00 and gave the company a “neutral” rating in a report on Tuesday, August 4th. Finally, Jefferies Financial Group raised their price target on Centene from $39.00 to $48.00 and gave the stock a “hold” rating in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Centene has an average rating of “Hold” and a consensus target price of $69.15.

Centene Stock Performance

Shares of NYSE CNC opened at $67.53 on Friday. The company has a 50-day simple moving average of $65.00 and a 200-day simple moving average of $51.65. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.15 and a quick ratio of 1.15. The company has a market cap of $33.36 billion, a PE ratio of -6.47, a price-to-earnings-growth ratio of 0.36 and a beta of 1.08. Centene Corporation has a 12 month low of $27.76 and a 12 month high of $69.36.

Centene (NYSE:CNC) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $1.42. The business had revenue of $53.58 billion for the quarter, compared to the consensus estimate of $47.64 billion. Centene had a negative net margin of 2.51% and a positive return on equity of 12.12%. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.16) earnings per share. Centene has set its FY 2026 guidance at 4.800- EPS. On average, equities analysts anticipate that Centene Corporation will post 4.89 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.