WellCare Health Plans, Inc. (WCG) Sets 1-Year High on Jun, 29

June 29, 2018 - By Anthony Rauscher

WellCare Health Plans, Inc. (NYSE:WCG) Corporate Logo

Big Money Sentiment decreased to 1.09 in Q1 2018. It has change of 0.04, from 2017Q4’s 1.13. The ratio dived due to WellCare Health Plans, Inc. positioning: 28 sold and 111 reduced. 44 funds amassed stakes and 107 increased stakes. Investors holded 42.30 million in 2017Q4 but now own 42.02 million shares or 0.65% less.
Natl Bank Of America Corporation De reported 238,092 shs. Financial Bank Of Montreal Can reported 145,955 shs. The Pennsylvania-based Federated Investors Pa has invested 0.03% in WellCare Health Plans, Inc. (NYSE:WCG). Origin Asset Mngmt Limited Liability Partnership accumulated 0.43% or 35,300 shs. Bluecrest Capital Mngmt invested in 1,955 shs. Jacobs Levy Equity Management Incorporated holds 206,341 shs. Gemmer Asset Mngmt Ltd Co stated it has 126 shs or 0.01% of all its holdings. 2,473 are held by Alps Advsrs. Moreover, Ajo Limited Partnership has 0.11% invested in WellCare Health Plans, Inc. (NYSE:WCG). Public Employees Retirement Association Of Colorado, Colorado-based fund reported 8,969 shs. Guggenheim Lc owns 20,305 shs or 0.01% of their US capital. 13,616 are held by Dorsey Wright &. Point72 Asset Mgmt Lp holds 240,557 shs or 0.19% of its capital. Pub Sector Pension Investment Board accumulated 6,800 shs. Panagora Asset Mngmt Inc has 116,038 shs for 0.09% of their capital.

WellCare Health Plans, Inc. (NYSE:WCG) reached 52 week high with $261.30 price target or 6.00 % above the last $246.51 stock price. Barchart.com announced it on Jun, 29. The company has $11.03 billion market cap. At $261.30 stock price target, the company valuation changes by $661.92M more.

WCG is reaching $246.51 during the last trading session, after increased 0.46%.WellCare Health Plans, Inc. has volume of 70,865 shares. Since June 29, 2017 WCG has risen 27.35% and is uptrending. WCG outperformed the S&P500 by 14.78%.

WellCare Health Plans, Inc. (NYSE:WCG) is awaited to publish earnings on August, 3., Zacks reports. Analysts forecast $2.99 EPS, which is $0.47 up or 18.65 % from 2017’s $2.52 EPS. This could be $133.81 million profit for WCG assuming the current $2.99 EPS will become reality. Wall Street now forecasts 21.05 % EPS growth despite WellCare Health Plans, Inc. previous quarter’s EPS of $2.47.

WellCare Health Plans, Inc. (NYSE:WCG) Ratings Coverage

Total analysts of 13 have positions in WellCare Health Plans (NYSE:WCG) as follows: 11 rated it a “Buy”, 0 with “Sell” and 2 with “Hold”. The positive are 85%. The firm has $30000 highest while $208.0 is the lowest price target. The average target $257 is 4.26% above the last ($246.51) price. Since January 3, 2018 according to StockzIntelligence Inc WellCare Health Plans has 21 analyst reports. On Friday, January 12 the firm earned “Hold” rating by Jefferies. On Wednesday, March 21 the firm earned “Outperform” rating by Wells Fargo. On Monday, June 11 the stock of WellCare Health Plans, Inc. (NYSE:WCG) has “Buy” rating given by SunTrust. On Friday, March 16 the rating was upgraded by Bank of America to “Buy”. On Wednesday, January 3 Jefferies maintained the shares of WCG in report with “Hold” rating. On Wednesday, February 7 the rating was maintained by Jefferies with “Hold”. On Wednesday, February 7 the firm earned “Equal-Weight” rating by Morgan Stanley. The company rating was maintained by Leerink Swann on Wednesday, May 30. In Wednesday, May 30 report Morgan Stanley maintained the stock with “Equal-Weight” rating. On Wednesday, June 27 the stock has “Overweight” rating by JP Morgan.

For more WellCare Health Plans, Inc. (NYSE:WCG) news published recently go to: Seekingalpha.com, Benzinga.com, Bizjournals.com, Prnewswire.com or Bizjournals.com. The titles are as follows: “Premarket analyst action – healthcare” published on June 11, 2018, “Benzinga’s Top Upgrades, Downgrades For June 27, 2018” on June 27, 2018, “WellCare joins the Civic 50 for its volunteer efforts” with a publish date: June 20, 2018, “WellCare Recognized Among the 50 Most Community-Minded Companies in the US” and the last “WellCare CEO steps into national spotlight” with publication date: June 15, 2018.

WellCare Health Plans, Inc. provides managed care services for government-sponsored health care programs.The company has $11.03 billion market cap. It operates through three divisions: Medicaid Health Plans, Medicare Health Plans, and Medicare PDPs.The P/E ratio is 27.21. 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 programs, such as children's health insurance programs and long-term services and supports for qualifying families who are not eligible for Medicaid.

WellCare Health Plans, Inc. (NYSE:WCG) Institutional Investors Chart

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