Pathstone Holdings LLC Has $3.14 Million Holdings in Centene Co. (NYSE:CNC)

Pathstone Holdings LLC trimmed its position in shares of Centene Co. (NYSE:CNC) by 0.7% during the third quarter, Holdings Channel.com reports. The firm owned 41,677 shares of the company’s stock after selling 291 shares during the period. Pathstone Holdings LLC’s holdings in Centene were worth $3,137,000 as of its most recent SEC filing.

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

Insider Buying and Selling at Centene

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

Wall Street Analyst Weigh In

CNC has been the topic of several analyst reports. Robert W. Baird cut their target price on Centene from $83.00 to $66.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Oppenheimer reduced their target price on shares of Centene from $110.00 to $95.00 and set an “outperform” rating for the company in a research note on Monday, July 29th. Stephens reissued an “equal weight” rating and set a $78.00 price target on shares of Centene in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Centene from $82.00 to $87.00 and gave the stock a “hold” rating in a research report on Friday, August 2nd. Finally, TD Cowen lifted their target price on shares of Centene from $80.00 to $89.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $83.92.

Centene Stock Up 0.0 %

Shares of NYSE CNC opened at $60.37 on Monday. The business’s fifty day moving average price is $66.68 and its 200-day moving average price is $70.43. Centene Co. has a one year low of $57.20 and a one year high of $81.42. The stock has a market capitalization of $30.48 billion, a PE ratio of 10.48, a P/E/G ratio of 0.83 and a beta of 0.49. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.10 and a quick ratio of 1.10.

Centene Profile

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.