Calamos Advisors LLC trimmed its stake in shares of WellCare Health Plans, Inc. (NYSE:WCG) by 1.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 36,265 shares of the company’s stock after selling 594 shares during the quarter. Calamos Advisors LLC’s holdings in WellCare Health Plans were worth $11,975,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently made changes to their positions in WCG. Princeton Global Asset Management LLC bought a new position in WellCare Health Plans in the 2nd quarter worth approximately $48,000. Quest Capital Management Inc. ADV bought a new position in WellCare Health Plans in the 3rd quarter worth approximately $50,000. CSat Investment Advisory L.P. grew its holdings in WellCare Health Plans by 76.5% in the 2nd quarter. CSat Investment Advisory L.P. now owns 180 shares of the company’s stock worth $52,000 after buying an additional 78 shares in the last quarter. Endurance Wealth Management Inc. bought a new position in WellCare Health Plans in the 3rd quarter worth approximately $65,000. Finally, Quantum Capital Management bought a new position in WellCare Health Plans in the 3rd quarter worth approximately $179,000. Institutional investors and hedge funds own 88.59% of the company’s stock.
Shares of WCG stock opened at $336.71 on Thursday. WellCare Health Plans, Inc. has a 12-month low of $228.56 and a 12-month high of $338.29. The firm has a market capitalization of $16.91 billion, a price-to-earnings ratio of 30.53, a price-to-earnings-growth ratio of 1.33 and a beta of 0.93. The business has a 50 day simple moving average of $325.95 and a 200 day simple moving average of $291.96. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.16 and a quick ratio of 1.16.
WellCare Health Plans (NYSE:WCG) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $5.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.93 by $1.57. The firm had revenue of $7.14 billion during the quarter, compared to analyst estimates of $6.79 billion. WellCare Health Plans had a return on equity of 17.00% and a net margin of 2.34%. The firm’s quarterly revenue was up 41.2% on a year-over-year basis. During the same period last year, the company posted $3.33 EPS. On average, equities analysts anticipate that WellCare Health Plans, Inc. will post 15.69 EPS for the current fiscal year.
A number of equities analysts recently issued reports on the company. Piper Sandler lowered WellCare Health Plans from an “overweight” rating to a “neutral” rating and set a price objective for the company. in a report on Friday, January 10th. Wells Fargo & Co lowered WellCare Health Plans from an “outperform” rating to a “market perform” rating and set a $342.00 price objective for the company. in a report on Wednesday, December 11th. Finally, ValuEngine lowered WellCare Health Plans from a “hold” rating to a “sell” rating in a report on Friday, November 1st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $324.00.
WellCare Health Plans Profile
WellCare Health Plans, Inc provides government-sponsored managed care services. The company operates in three segments: Medicaid Health Plans, Medicare Health Plans, and Medicare Prescription Drug Plans (PDPs). The Medicaid Health Plans segment offers plans for beneficiaries of temporary assistance for needy families, supplemental security income, and aged blind and disabled residents; and other state-based programs, such as children's health insurance programs and long-term services and supports programs for qualifying families who are not eligible for Medicaid.
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