Acropolis Investment Management LLC Has $161,000 Holdings in Centene Co. (NYSE:CNC)

Acropolis Investment Management LLC lessened its holdings in Centene Co. (NYSE:CNC) by 39.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,145 shares of the company’s stock after selling 1,416 shares during the period. Acropolis Investment Management LLC’s holdings in Centene were worth $161,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. AQR Capital Management LLC grew its position in Centene by 22.9% in the 2nd quarter. AQR Capital Management LLC now owns 4,461,517 shares of the company’s stock worth $295,799,000 after purchasing an additional 832,318 shares in the last quarter. Legal & General Group Plc grew its position in Centene by 14.2% in the 2nd quarter. Legal & General Group Plc now owns 5,113,759 shares of the company’s stock worth $339,042,000 after purchasing an additional 636,683 shares in the last quarter. Skandinaviska Enskilda Banken AB publ grew its position in Centene by 42.3% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 1,400,276 shares of the company’s stock worth $92,838,000 after purchasing an additional 416,003 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Centene by 8.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,707,648 shares of the company’s stock worth $312,150,000 after purchasing an additional 385,426 shares in the last quarter. Finally, National Bank of Canada FI grew its position in Centene by 133.7% in the 2nd quarter. National Bank of Canada FI now owns 559,213 shares of the company’s stock worth $36,539,000 after purchasing an additional 319,927 shares in the last quarter. Institutional investors and hedge funds own 93.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CNC. Stephens reaffirmed an “equal weight” rating and issued a $78.00 price objective on shares of Centene in a research report on Monday, August 5th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $90.00 price objective on shares of Centene in a research report on Tuesday, October 1st. StockNews.com downgraded shares of Centene from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 28th. Barclays reduced their target price on shares of Centene from $97.00 to $91.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th. Finally, Sanford C. Bernstein reduced their target price on shares of Centene from $96.00 to $88.00 and set an “outperform” rating for the company in a research report on Wednesday, October 30th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Centene currently has a consensus rating of “Moderate Buy” and an average target price of $83.92.

Centene Trading Up 0.1 %

NYSE:CNC opened at $60.00 on Friday. 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 Co. has a 1 year low of $57.20 and a 1 year high of $81.42. The company has a market cap of $30.29 billion, a P/E ratio of 10.42, a P/E/G ratio of 0.82 and a beta of 0.49. The stock’s fifty day moving average price is $65.11 and its two-hundred day moving average price is $69.88.

Insider Buying and Selling

In other news, CFO Andrew Lynn Asher bought 17,200 shares of Centene stock in a transaction that occurred on Wednesday, November 13th. The shares were acquired at an average price of $58.14 per share, with a total value of $1,000,008.00. Following the completion of the purchase, the chief financial officer now directly owns 486,847 shares in the company, valued at $28,305,284.58. The trade was a 3.66 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Sarah London bought 4,117 shares of Centene stock in a transaction that occurred on Friday, November 8th. The stock was purchased at an average cost of $60.80 per share, for a total transaction of $250,313.60. Following the purchase, the chief executive officer now owns 667,229 shares of the company’s stock, valued at $40,567,523.20. The trade was a 0.62 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.33% of the stock is currently owned by company insiders.

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.