How Credit Suisse Currently Rates WellCare (NYSE:WCG)
In analysts note finalized today, Credit Suisse analysts have started WellCare (NYSE:WCG) coverage with Underperform rating.
From a total of 12 analysts covering Wellcare Health Plans Inc. (NYSE:WCG) stock, 4 rate it a ”Buy”, 2 a “Sell”, and 7 a ”Hold”. This means that 31% of the ratings are positive. The highest target price is $120 while the lowest target price is $76. The mean of all analyst targets is $92.67 with a 12.04% above today’s ($80.33) stock price. Wellcare Health Plans Inc. was the topic of 5 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Stifel Nicolaus maintained shares on November 5 with “Buy” rating. TheStreet upgraded WCG stock in a recent report from July 23 to “Buy” rating.
Approximately 113,442 shares of stock traded hands. WellCare Health Plans, Inc. (NYSE:WCG) has declined 2.83% since May 13, 2015 and is downtrending. It has underperformed by 0.20% the S&P500.
The overall sentiment of institutions has increased to 1.06 in Q2 2015. Its up 0.01, from 1.05 in 2015Q2. The ratio increased, as 31 institutions have sold all the shares of WellCare Health Plans, Inc. that they owned while 80 funds have taken shares off the table. 43 funds have purchased shares for the first time while 75 added to their positions. These institutions now hold 41.36 million shares or 6.80% less than the 44.37 million shares they owned in 2015Q2.
The Fund Blue Jay Capital Management Llc currently is holding shares equating to 5.08% of its total portfolio in WellCare Health Plans, Inc. representing a total of 150,000 shares. Another fund,Pennant Capital Management Llc, is holding a total of 2.73 million shares equating to 4.97% of their holdings. Additionally, Bridger Management Llc has a 637,428 share stake in WellCare Health Plans, Inc. which represents 3.75% of their total portfolio. The Fund, Daruma Capital Management Llc, based out of New York, has also built up a stake in the stock, which represents a total of 3.13% of their total portfolio. Finally Sivik Global Healthcare Llc, a fund which is based in the state of Connecticut reported a total holdings of 75,000 shares.
Insider activity is a very important aspect to track on any stock. Going back to March 12, 2015, shareholders of WellCare Health Plans, Inc. have witnessed 0 insider buys, and a total of 2 selling transactions equating to a net activity of approximately $297,346 . Hickey Kevin F sold 2,088 shares worth approximately $201,346. Todt Blair Williams sold 1,000 shares worth approximately $96,000. Hebert Maurice sold 280 shares worth approximately $25,200.
WellCare Health Plans, Inc. is a managed care firm for government-sponsored health care coverage with a focus on Medicaid and Medicare programs. The company has a market cap of $3.50 billion. The Firm offers a range of managed care health plans for families, children, and the aged, blind and disabled, as well as prescription drug plans. It has 31.42 P/E ratio. The Firm operates in three divisions: Medicaid Health Plans, Medicare Health Plans and Medicare Prescription Drug Plans (PDPs).
According to Zacks Investment Research, “WellCare Health Plans, Inc. provides managed care services targeted exclusively to government-sponsored healthcare programs, focusing on Medicaid and Medicare. WellCare provides high-quality, affordable healthcare services to members in Florida, New York, Connecticut, Illinois and Indiana.”