Cerebellum GP LLC Purchases 70 Shares of WellCare Health Plans, Inc. (NYSE:WCG)

Cerebellum GP LLC increased its position in WellCare Health Plans, Inc. (NYSE:WCG) by 4.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,680 shares of the company’s stock after buying an additional 70 shares during the quarter. Cerebellum GP LLC’s holdings in WellCare Health Plans were worth $555,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of WellCare Health Plans by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 5,381,421 shares of the company’s stock valued at $1,534,082,000 after purchasing an additional 94,109 shares during the last quarter. Magnetar Financial LLC boosted its holdings in shares of WellCare Health Plans by 53.6% during the 2nd quarter. Magnetar Financial LLC now owns 912,876 shares of the company’s stock valued at $260,234,000 after purchasing an additional 318,581 shares during the last quarter. Paulson & CO. Inc. boosted its holdings in shares of WellCare Health Plans by 86.6% during the 2nd quarter. Paulson & CO. Inc. now owns 587,700 shares of the company’s stock valued at $167,536,000 after purchasing an additional 272,800 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of WellCare Health Plans by 401.8% during the 3rd quarter. Millennium Management LLC now owns 365,222 shares of the company’s stock valued at $94,654,000 after purchasing an additional 292,437 shares during the last quarter. Finally, ARP Americas LP boosted its holdings in shares of WellCare Health Plans by 53.7% during the 3rd quarter. ARP Americas LP now owns 254,078 shares of the company’s stock valued at $65,849,000 after purchasing an additional 88,769 shares during the last quarter. 88.59% of the stock is owned by institutional investors.

WCG opened at $338.83 on Friday. The firm has a 50-day simple moving average of $326.29 and a two-hundred day simple moving average of $292.22. WellCare Health Plans, Inc. has a 52 week low of $228.56 and a 52 week high of $338.98. The company has a market capitalization of $16.72 billion, a PE ratio of 30.72, a price-to-earnings-growth ratio of 1.31 and a beta of 0.93. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.42.

WellCare Health Plans (NYSE:WCG) last released its quarterly earnings data on Wednesday, October 30th. The company reported $5.50 EPS for the quarter, beating the consensus estimate of $3.93 by $1.57. The business had revenue of $7.14 billion during the quarter, compared to the consensus estimate of $6.79 billion. WellCare Health Plans had a net margin of 2.34% and a return on equity of 17.00%. The business’s revenue was up 41.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.33 EPS. As a group, sell-side analysts expect that WellCare Health Plans, Inc. will post 15.71 earnings per share for the current year.

Several research analysts have commented on the stock. Wells Fargo & Co downgraded shares of 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. ValuEngine downgraded shares of WellCare Health Plans from a “hold” rating to a “sell” rating in a report on Friday, November 1st. Finally, Piper Sandler downgraded shares of 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. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $324.00.

About WellCare Health Plans

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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Institutional Ownership by Quarter for WellCare Health Plans (NYSE:WCG)

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