WellCare Health Plans, Inc. (WCG) Rose to All Time High

June 29, 2018 - By Mark Williams

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

During Q1 2018 the big money sentiment decreased to 1.09. That’s change of 0.04, from 2017Q4’s 1.13. 28 investors sold all, 111 reduced holdings as WellCare Health Plans, Inc. ratio is negative. 107 grew stakes while 44 funds amassed stakes. Funds hold 42.02 million shares thus 0.65% less from 2017Q4’s 42.30 million shares.
Geode Mngmt Lc has invested 0.03% in WellCare Health Plans, Inc. (NYSE:WCG). Bankshares Of New York Mellon invested 0.06% of its capital in WellCare Health Plans, Inc. (NYSE:WCG). Texas Permanent School Fund reported 29,479 shs. Chicago Equity Prtn Limited Com owns 0.26% invested in WellCare Health Plans, Inc. (NYSE:WCG) for 41,985 shs. Hsbc Public Limited Company owns 3,917 shs or 0% of their US capital. Quantitative Systematic Strategies Limited Liability has invested 0.12% of its capital in WellCare Health Plans, Inc. (NYSE:WCG). Alpha Windward Ltd accumulated 226 shs. Edgestream Partners Lp holds 19,475 shs or 0.74% of its capital. 7,100 are held by Picton Mahoney Asset Mgmt. 30,147 are held by Arizona State Retirement. Bluecrest Capital Limited invested 0.01% of its capital in WellCare Health Plans, Inc. (NYSE:WCG). California Employees Retirement reported 0.04% stake. Rbf Cap Limited Company reported 5,000 shs stake. North Star Investment Mgmt owns 100 shs. Whittier Tru Com, a California-based fund reported 105 shs.

WellCare Health Plans, Inc. (NYSE:WCG) hit $246.65 price per share on Jun, 29, also an all time high. It was published by Barchart.com. The company has $11.04 billion market cap. The company’s valuation will be $662.28M more at $261.45 PT.

The stock increased 0.52% or $1.26 during the last trading session, reaching $246.65.WellCare Health Plans, Inc. has volume of 106,905 shares. Since June 29, 2017 WCG has risen 27.35% and is uptrending. WCG outperformed the S&P 500 by 14.78%.

On August, 3 WellCare Health Plans, Inc. (NYSE:WCG)’s earnings report is expected by WallStreet, as reported by Faxor. Analysts have anticipation on stock’s earnings per share of $2.99. That’s up 18.65 % from last year’s $2.52 earnings per share. In case of $2.99 earnings per share WCG’s profit could reach $133.81 million. 21.05 % EPS growth is what analysts predict. $2.47 earnings per share was revealed for last quarter.

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

A total of 13 analysts rate WellCare Health Plans (NYSE:WCG) as follows: 11 “Buy”, 2 “Hold” and 0 “Sell”. Тherefore 85% are bullish. (NYSE:WCG) has 21 ratings reports on Jun 29, 2018 according to StockzIntelligence. On Monday, June 11 SunTrust initiated WellCare Health Plans, Inc. (NYSE:WCG) with “Buy” rating. On Wednesday, February 7 Morgan Stanley maintained WellCare Health Plans, Inc. (NYSE:WCG) rating. Morgan Stanley has “Equal-Weight” rating and $220 target. On Friday, January 12 the rating was maintained by Jefferies with “Hold”. On Tuesday, May 29 the company was maintained by Cantor Fitzgerald. On Wednesday, May 30 Morgan Stanley maintained the shares of WCG in report with “Equal-Weight” rating. On Tuesday, January 23 the stock has “Buy” rating by Cowen & Co. On Thursday, May 31 the stock has “Outperform” rating by BMO Capital Markets. In Wednesday, February 7 report Jefferies maintained the stock with “Hold” rating. In Wednesday, May 30 report Wells Fargo maintained it with “Buy” rating and $25000 target. On Wednesday, May 2 the firm has “Buy” rating given by Wells Fargo.

For more WellCare Health Plans, Inc. (NYSE:WCG) news released briefly go to: Bizjournals.com, Prnewswire.com, Investorplace.com, Streetinsider.com or Bizjournals.com. The titles are as follows: “State’s major health systems, CCPN link up ahead of Medicaid reform” released on June 29, 2018, “Staywell Awards $8000 in Grants to Support Eldercaring Coordination Program in Florida” on June 18, 2018, “5 Stocks in the Spotlight on Solid Relative Price Strength” with a publish date: June 27, 2018, “Argus Starts WellCare Health Plans (WCG) at Buy” 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 $11.04 billion market cap. It operates through three divisions: Medicaid Health Plans, Medicare Health Plans, and Medicare PDPs.27.23 is the P/E ratio. 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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