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Centene Stock Rises Sharply After $3.75B Acquisition of Fidelis

Centene Stock Rises Sharply After $3.75B Acquisition of Fidelis

Profund Advisors LLC now owns 6,883 shares of the company's stock valued at $490,000 after buying an additional 435 shares during the last quarter. State Treasurer State of MI now owns 59,600 shares of the company's stock worth $3,991,000 after buying an additional 400 shares during the period. US Bancorp DE raised its holdings in shares of Centene Corporation by 0.8% in the first quarter. Somerset Trust Co now owns 8,102 shares of the company's stock worth $647,000 after acquiring an additional 40 shares during the period. Achmea Investment Management B.V. boosted its position in shares of Centene Corporation by 42.2% during the second quarter. AQR Capital Management LLC now owns 2,088,867 shares of the company's stock valued at $148,853,000 after buying an additional 1,084,628 shares during the last quarter.

A number of equities analysts recently weighed in on CNC shares. Zacks Investment Research downgraded Centene Corporation from a "hold" rating to a "sell" rating in a research report on Thursday, December 15th. Cowen and Company reaffirmed an "outperform" rating and issued a $105.00 price target (up previously from $77.00) on shares of Centene Corporation in a report on Wednesday. They issued an "overweight" rating and a $86.00 target price for the company. Jefferies Group LLC reissued a "buy" rating and set a $94.00 price objective on shares of Centene Corporation in a report on Friday, July 14th.

On July 13 Deutsche Bank left the stock rating at "Buy" and moved up the price target from $73.00 to $92.00. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have issued a buy rating to the stock.

Sarah Harding ad Chad Johnson to Wednesday ?
But as if Sarah reaching out to Chez wasn't exciting enough (we hear reunion bells!), Cheryl then went and replied. We went though so much, even if had fallen out, I'm sure it wouldn't be a major deal in the future".

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Centene Corporation (CNC) opened at 98.16 on Thursday. The recent change has given its price a 16.67% lead over SMA 50 and 7.68% lead over its 52-week high.

Company chares are trading at $98.38 quite a bit higher than the 50 day moving average of $84.75 and much higher than the 200 day moving average of $77.56.

WPI inflation hits 4-month high at 3.24% in August 2017
A vendor speaks to a customer at his stall at a wholesale fruit and vegetable market in Mumbai , India, August 14, 2017. The rise compares with a 3% increase forecast by economists in a Reuters poll and a provisional 1.88 % rise in July.

Centene Corporation (NYSE:CNC) last posted its earnings results on Tuesday, February 7th. Analysts expect next quarter's EPS to be $1.02 and the next full year EPS is projected to be $5.44. Centene Corporation had a net margin of 1.37% and a return on equity of 12.83%. The company had revenue of $11.95 billion for the quarter, compared to the consensus estimate of $11.69 billion. During the same period in the prior year, the business posted $0.95 earnings per share. The business's revenue for the quarter was up 9.7% compared to the same quarter previous year. As of the latest earnings report the EPS was $4.56 and is estimated to be $4.92 for the current year with 172,475,000 shares presently outstanding.

At the end of 6/30/2017 reporting period, 302 institutional holders increased their position in Centene Corporation (NYSE:CNC) by some 20,372,122 shares, 263 decreased positions by 22,097,089 and 58 held positions by 118,360,377. The shares were sold at an average price of $79.43, for a total transaction of $317,720.00. The SEC filing shows that Ditmore Robert K performed a sale of 4,167 shares. Michael F. Neidorff, Chairman, President and CEO sold $2,809,100 worth of shares at an average price of $80.26 on Thursday the 6th. Michael F. Neidorff, Chairman, President and CEO disclosed the sale of 35,000 shares. The insider now directly owns 40,699 shares worth $3,995,014.

Vanguard Group Inc owns $1.52 billion in Centene Corporation, which represents roughly 9.03% of the company's market cap and approximately 10.4% of the institutional ownership.

Priyanka Chopra apologises for his comment on calling Sikkim 'Insurgency troubled'
Coincidentally Chopra is the brand ambassador of Assam, one of the seven sister states of north eastern India. Netizens have slammed her for ignorance and for being "politically illiterate".


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