As Centene Corp (CNC) Shares Rose, Smith Asset Management Group LP Increased Its Stake by $18.77 Million

June 27, 2018 - By Loretta Love

Centene Corporation (NYSE:CNC) Corporate LogoBig Money Sentiment decreased to 1.06 in 2018 Q1. It has change of 0.13, from 2017Q4’s 1.19. The ratio worsened due to CNC positioning: 41 sold and 192 reduced. 68 funds took holdings and 178 increased holdings. Investors holded 150.93 million in 2017Q4 but now own 149.01 million shares or 1.27% less. Hartford Inv holds 0.08% in Centene Corporation (NYSE:CNC) or 35,605 shs. State Common Retirement Fund has 0.05% invested in Centene Corporation (NYSE:CNC). Alps Advsrs has invested 0% in Centene Corporation (NYSE:CNC). Moreover, Hilltop Hldgs Incorporated has 0.3% invested in Centene Corporation (NYSE:CNC). Baldwin Brothers Ma has 0.03% invested in Centene Corporation (NYSE:CNC). 2,000 are owned by Fuller & Thaler Asset Management Inc. Pennsylvania-based Pnc has invested 0% in Centene Corporation (NYSE:CNC). Ci Invs accumulated 420,000 shs or 0.52% of the stock. Mutual Of America Management Limited Liability Company holds 0.06% or 35,076 shs. Captrust has 23 shs. Oregon Pub Employees Retirement Fund owns 63,388 shs. Optimum Investment reported 0.06% stake. Bb&T reported 166,373 shs or 0.34% of all its holdings. Bush Odonnell Invest Advsrs Inc holds 4.48% or 29,790 shs. Norinchukin Fincl Bank The accumulated 15,897 shs or 0.03% of the stock.

CNC had 9 selling transactions and 0 insider buys since January 8, 2018. This’s net activity of $30.83 million. On Thursday, April 26 Shares for $541,700 were sold by Hunter Jesse N. Williamson Keith H sold $115,000 worth of stock or 1,000 shs. On Monday, March 12 Shares for $425,955 were sold by BROOKS MARK J. $27.05 million worth of Centene Corporation (NYSE:CNC) was sold by NEIDORFF MICHAEL F. The insider DITMORE ROBERT K sold $946,313.

Smith Asset Management Group Lp increased its stake by 33.66% in Centene Corp (CNC), according to 2018Q1 Securities and Exchange form. The company’s stock rose 15.33% while stock markets declined as Smith Asset Management Group Lp bought 175,428 shares. At the end of 2018Q1, the 696,544 shares of the medical specialities company held by the hedge fund were valued at $74.88 million, up from 521,116 at the end of the previous reported quarter. $25.14B is the MC of Centene Corp. Ticker’s shares touched $122.5 during the last trading session after 0.69% change.Centene Corporation has volume of 617,722 shares. Since June 27, 2017 CNC has risen 57.37% and is uptrending. CNC outperformed by 44.80% the S&P500.

The Smith Asset Management Group Lp’s stake in Lantheus Holdings Inc was decreased by 205,033 shares to 17,627 shares valued at $280,000 in 2018Q1, according to the filing. It operates about $2.91B and $3.04B US Long portfolio. Smith Asset Management Group Lp has cut its stake in Motorola Solutions Inc (NYSE:MSI) and also reduced its holding in United Rentals Inc (NYSE:URI) by 18,025 shares in the quarter, for a total of 215,155 shares.

Another two news for Centene Corporation (NYSE:CNC) were recently brought out by: Streetinsider.com on June 27, 2018 with title “JPMorgan Downgrades Molina Healthcare (MOH) to Neutral”. The other Streetinsider.com‘s article was titled “Centene (CNC) Kansas Subsidiary Wins Medicaid Contract” and brought out on June 22, 2018.

Centene Corporation (NYSE:CNC) Ratings Coverage

A total of 7 analysts rate Centene (NYSE:CNC) as follows: 5 “Buy”, 2 “Hold” and 0 “Sell”. Тherefore 71% are bullish. (NYSE:CNC) has 14 ratings reports on 27 Jun 2018 according to StockzIntelligence. On Tuesday, February 6 the stock has “Buy” rating by Cantor Fitzgerald. On Monday, June 18 the stock of Centene Corporation (NYSE:CNC) earned “Hold” rating by Leerink Swann. The company rating was maintained by Cantor Fitzgerald on Friday, June 15. On Wednesday, April 25 Morgan Stanley maintained the shares of CNC in report with “Overweight” rating. In Wednesday, February 7 report Morgan Stanley maintained the stock with “Overweight” rating. On Tuesday, May 8 Cantor Fitzgerald maintained Centene Corporation (NYSE:CNC) rating. Cantor Fitzgerald has “Buy” rating and $12500 target. On Wednesday, February 7 the rating was maintained by Credit Suisse with “Neutral”. On Monday, June 18 the stock has “Neutral” rating by Credit Suisse. On Friday, January 12 Jefferies maintained Centene Corporation (NYSE:CNC) with “Buy” rating. On Tuesday, February 13 Leerink Swann maintained the shares of CNC in report with “Market Perform” rating.

Centene Corporation (NYSE:CNC) Institutional Investors Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.




Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: