WellCare Health Plans, Inc. (NYSE:WCG) Shares Bought by World Asset Management Inc

World Asset Management Inc increased its stake in shares of WellCare Health Plans, Inc. (NYSE:WCG) by 0.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,428 shares of the company’s stock after buying an additional 11 shares during the period. World Asset Management Inc’s holdings in WellCare Health Plans were worth $616,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Neuberger Berman Group LLC boosted its position in WellCare Health Plans by 1.1% in the first quarter. Neuberger Berman Group LLC now owns 1,539 shares of the company’s stock valued at $216,000 after buying an additional 16 shares in the last quarter. Creative Planning boosted its position in WellCare Health Plans by 3.0% in the first quarter. Creative Planning now owns 862 shares of the company’s stock valued at $121,000 after buying an additional 25 shares in the last quarter. Meeder Asset Management Inc. boosted its position in WellCare Health Plans by 0.6% in the second quarter. Meeder Asset Management Inc. now owns 9,779 shares of the company’s stock valued at $1,755,000 after buying an additional 63 shares in the last quarter. ARP Americas LLC boosted its position in WellCare Health Plans by 2.0% in the first quarter. ARP Americas LLC now owns 3,354 shares of the company’s stock valued at $470,000 after buying an additional 67 shares in the last quarter. Finally, Advantus Capital Management Inc boosted its position in WellCare Health Plans by 3.1% in the first quarter. Advantus Capital Management Inc now owns 5,672 shares of the company’s stock valued at $795,000 after buying an additional 168 shares in the last quarter. Institutional investors and hedge funds own 98.85% of the company’s stock.

Shares of WellCare Health Plans, Inc. (WCG) traded down 1.25% on Friday, hitting $173.56. 222,027 shares of the stock were exchanged. The company has a 50-day moving average price of $178.79 and a 200-day moving average price of $161.63. The firm has a market capitalization of $7.72 billion, a PE ratio of 30.49 and a beta of 0.84. WellCare Health Plans, Inc. has a one year low of $109.74 and a one year high of $184.88.

WellCare Health Plans (NYSE:WCG) last announced its earnings results on Friday, August 4th. The company reported $2.52 EPS for the quarter, topping the consensus estimate of $2.23 by $0.29. The business had revenue of $4.31 billion during the quarter, compared to the consensus estimate of $4.23 billion. WellCare Health Plans had a net margin of 1.66% and a return on equity of 14.91%. WellCare Health Plans’s revenue was up 19.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.23 EPS. Equities research analysts expect that WellCare Health Plans, Inc. will post $6.99 earnings per share for the current year.

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Several research firms have recently commented on WCG. Jefferies Group LLC restated a “hold” rating and set a $170.00 price target on shares of WellCare Health Plans in a report on Thursday, June 8th. Wolfe Research reiterated a “market perform” rating on shares of WellCare Health Plans in a report on Friday, May 5th. BidaskClub cut shares of WellCare Health Plans from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Zacks Investment Research cut shares of WellCare Health Plans from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Finally, Deutsche Bank AG upped their price objective on shares of WellCare Health Plans from $185.00 to $192.00 and gave the stock a “buy” rating in a report on Thursday, July 13th. Ten research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $172.00.

In other WellCare Health Plans news, VP Michael Troy Meyer sold 600 shares of the business’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $171.86, for a total value of $103,116.00. Following the completion of the sale, the vice president now owns 73 shares of the company’s stock, valued at approximately $12,545.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul E. Weaver sold 2,000 shares of the business’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $175.44, for a total transaction of $350,880.00. Following the completion of the sale, the director now directly owns 15,262 shares of the company’s stock, valued at approximately $2,677,565.28. The disclosure for this sale can be found here. Insiders have sold a total of 21,288 shares of company stock valued at $3,695,445 in the last ninety days. 0.50% of the stock is currently owned by insiders.

About WellCare Health Plans

WellCare Health Plans, Inc is a managed care company. The Company focuses on government-sponsored managed care services, primarily through Medicaid, Medicare Advantage (MA) and Medicare Prescription Drug Plans (PDPs), to families, children, seniors and individuals with medical needs. The Company operates through three segments: Medicaid Health Plans, Medicare Health Plans and Medicare PDPs.

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

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