Latest Stocks: Pictet Asset Management Ltd. Buys 6,100 Shares of Centene Corp (CNC)

Latest Stocks: Pictet Asset Management Ltd. Buys 6,100 Shares of Centene Corp (CNC)

Pictet Asset Management Ltd. raised its position in shares of Centene Corp (NYSE:CNC) by 6.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 94,400 shares of the company’s stock after buying an additional 6,100 shares during the period. Pictet Asset Management Ltd. owned 0.05% of Centene Corp worth $6,727,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quadrant Capital Group LLC raised its stake in shares of Centene Corp by 5.6% in the first quarter. Quadrant Capital Group LLC now owns 2,263 shares of the company’s stock worth $155,000 after buying an additional 120 shares in the last quarter. Creative Planning raised its stake in shares of Centene Corp by 5.4% in the first quarter. Creative Planning now owns 2,476 shares of the company’s stock worth $176,000 after buying an additional 127 shares in the last quarter. Howard Hughes Medical Institute raised its stake in shares of Centene Corp by 96.7% in the first quarter. Howard Hughes Medical Institute now owns 2,685 shares of the company’s stock worth $191,000 after buying an additional 1,320 shares in the last quarter. Reliance Trust Co. of Delaware bought a new stake in shares of Centene Corp during the first quarter worth about $201,000. Finally, Blenheim Capital Management BV purchased a new stake in Centene Corp during the fourth quarter valued at $215,000. 94.14% of the stock is owned by institutional investors.

Centene Corp (CNC) opened at 75.60 on Tuesday. The stock’s 50 day moving average price is $74.50 and its 200 day moving average price is $67.05. The firm has a market capitalization of $13.02 billion, a P/E ratio of 18.61 and a beta of 0.69. Centene Corp has a 52 week low of $50.00 and a 52 week high of $77.60.

Several analysts recently weighed in on CNC shares. Cantor Fitzgerald started coverage on Centene Corp in a report on Monday, February 6th. They issued an “overweight” rating and a $85.00 price objective for the company. Jefferies Group LLC boosted their target price on shares of Centene Corp from $67.00 to $79.00 and gave the stock a “buy” rating in a report on Wednesday, February 8th. Barclays PLC boosted their target price on shares of Centene Corp from $75.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, February 8th. Piper Jaffray Companies boosted their target price on shares of Centene Corp from $67.00 to $76.00 and gave the stock an “overweight” rating in a report on Wednesday, February 8th. Finally, Leerink Swann reiterated a “market perform” rating and issued a $64.00 target price (up from $62.00) on shares of Centene Corp in a report on Thursday, February 9th. Seven research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $79.68. In other Centene Corp news, CFO Jeffrey A. Schwaneke sold 2,000 shares of the stock in a transaction on Monday, March 13th. The stock was sold at an average price of $68.52, for a total transaction of $137,040.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert K. Ditmore sold 3,900 shares of the stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $75.43, for a total value of $294,177.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,378 shares of company stock worth $1,917,537. 4.50% of the stock is owned by insiders.

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