5.94 % to Target, Morgan Stanley Keeps ‘Equal-Weight’ Rating on WellCare Health Plans (NYSE:WCG) Shares Today

November 15, 2017 - By Henry Gaston

 5.94 % to Target, Morgan Stanley Keeps ‘Equal Weight’ Rating on WellCare Health Plans (NYSE:WCG) Shares Today

Investors sentiment decreased to 0.9 in Q2 2017. Its down 0.44, from 1.34 in 2017Q1. It dived, as 27 investors sold WellCare Health Plans, Inc. shares while 122 reduced holdings. 36 funds opened positions while 98 raised stakes. 42.60 million shares or 0.76% less from 42.93 million shares in 2017Q1 were reported.

Hbk Investments L P invested in 0.08% or 47,105 shares. State Of Alaska Department Of Revenue holds 0.01% or 676 shares in its portfolio. Pennsylvania-based Nationwide Fund Advsr has invested 0.13% in WellCare Health Plans, Inc. (NYSE:WCG). Alyeska Investment Gp L P accumulated 3,792 shares or 0.01% of the stock. State Treasurer State Of Michigan invested in 0.02% or 18,300 shares. Assetmark invested 0% in WellCare Health Plans, Inc. (NYSE:WCG). Swiss Comml Bank stated it has 74,100 shares. 15,337 were reported by Millennium Management Limited Liability Co. Automobile Association holds 53,607 shares. Dorsey Wright holds 1.66% or 23,590 shares in its portfolio. Goldman Sachs Group reported 0.08% in WellCare Health Plans, Inc. (NYSE:WCG). Boston Advsrs Limited Liability accumulated 105,755 shares. Canada Pension Plan Investment Board has invested 0.06% in WellCare Health Plans, Inc. (NYSE:WCG). Robeco Institutional Asset Management Bv has 114,601 shares for 0.13% of their portfolio. Ameritas Invest invested in 13,315 shares or 0.12% of the stock.

Since May 25, 2017, it had 0 insider purchases, and 3 sales for $1.73 million activity. Asher Andrew Lynn had sold 7,314 shares worth $1.28 million. Shares for $350,879 were sold by Weaver Paul E on Monday, June 12.

WellCare Health Plans (NYSE:WCG) Rating Reaffirmed

In a note sent to investors this morning, Morgan Stanley reaffirmed their Equal-Weight rating on WellCare Health Plans (NYSE:WCG) shares. The PT suggests a possible upside of 5.94 % from firm’s last stock close.

Investors sentiment decreased to 0.9 in Q2 2017. Its down 0.44, from 1.34 in 2017Q1. It dived, as 27 investors sold WellCare Health Plans, Inc. shares while 122 reduced holdings. 36 funds opened positions while 98 raised stakes. 42.60 million shares or 0.76% less from 42.93 million shares in 2017Q1 were reported.

Hbk Investments L P invested in 0.08% or 47,105 shares. State Of Alaska Department Of Revenue holds 0.01% or 676 shares in its portfolio. Pennsylvania-based Nationwide Fund Advsr has invested 0.13% in WellCare Health Plans, Inc. (NYSE:WCG). Alyeska Investment Gp L P accumulated 3,792 shares or 0.01% of the stock. State Treasurer State Of Michigan invested in 0.02% or 18,300 shares. Assetmark invested 0% in WellCare Health Plans, Inc. (NYSE:WCG). Swiss Comml Bank stated it has 74,100 shares. 15,337 were reported by Millennium Management Limited Liability Co. Automobile Association holds 53,607 shares. Dorsey Wright holds 1.66% or 23,590 shares in its portfolio. Goldman Sachs Group reported 0.08% in WellCare Health Plans, Inc. (NYSE:WCG). Boston Advsrs Limited Liability accumulated 105,755 shares. Canada Pension Plan Investment Board has invested 0.06% in WellCare Health Plans, Inc. (NYSE:WCG). Robeco Institutional Asset Management Bv has 114,601 shares for 0.13% of their portfolio. Ameritas Invest invested in 13,315 shares or 0.12% of the stock.

Since May 25, 2017, it had 0 insider purchases, and 3 sales for $1.73 million activity. Asher Andrew Lynn had sold 7,314 shares worth $1.28 million. Shares for $350,879 were sold by Weaver Paul E on Monday, June 12.

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

Among 19 analysts covering Wellcare Health Plans Inc. (NYSE:WCG), 10 have Buy rating, 0 Sell and 9 Hold. Therefore 53% are positive. Wellcare Health Plans Inc. has $22500 highest and $85 lowest target. $188.73’s average target is -5.69% below currents $200.11 stock price. Wellcare Health Plans Inc. had 38 analyst reports since July 23, 2015 according to SRatingsIntel. Morgan Stanley maintained WellCare Health Plans, Inc. (NYSE:WCG) rating on Monday, August 7. Morgan Stanley has “Equal-Weight” rating and $184 target. Cantor Fitzgerald maintained it with “Hold” rating and $90 target in Friday, June 24 report. The stock of WellCare Health Plans, Inc. (NYSE:WCG) has “Neutral” rating given on Wednesday, September 16 by JP Morgan. MUFG Securities Americas Inc initiated WellCare Health Plans, Inc. (NYSE:WCG) rating on Thursday, September 21. MUFG Securities Americas Inc has “Buy” rating and $204.0 target. On Monday, February 22 the stock rating was upgraded by Bank of America to “Neutral”. The firm has “Buy” rating by Piper Jaffray given on Friday, August 4. On Monday, October 9 the stock rating was initiated by Cowen & Co with “Buy”. The firm earned “Equal-Weight” rating on Wednesday, June 7 by Morgan Stanley. Jefferies maintained the stock with “Hold” rating in Friday, August 18 report. On Friday, October 13 the stock rating was maintained by Jefferies with “Hold”.

It is down 80.71% since November 15, 2016 and is uptrending. It has outperformed by 64.01% the S&P500.

Investors wait WellCare Health Plans, Inc. (NYSE:WCG) to report on February, 6. its quarterly earnings Wall Street analysts expect $0.39 earnings per share, down $0.64 or 62.14 % from last year’s $1.03 same quarter earnings. This translates into $17.36M profit for WCG giving the stock a 128.28 P/E. This is assuming the current $0.39 EPS is accurate. WellCare Health Plans, Inc.’s Wall Street analysts see -90.44 % negative EPS growth, taking into account the $4.08 EPS reproted in the previous quarter,

WellCare Health Plans, Inc. is a managed care company. The company has market cap of $8.91 billion. The Firm focuses on government-sponsored managed care services, primarily through Medicaid, Medicare Advantage and Medicare Prescription Drug Plans (PDPs), to families, children, seniors and individuals with medical needs. It has a 25.11 P/E ratio. The Firm operates through three divisions: Medicaid Health Plans, Medicare Health Plans and Medicare PDPs.

More notable recent WellCare Health Plans, Inc. (NYSE:WCG) news were published by: Nasdaq.com which released: “Should You Buy WellCare Health Plans (WCG) Ahead of Earnings?” on October 27, 2017, also Prnewswire.com with their article: “WellCare Comments on Funding for the Championing Healthy Kids Act” published on November 03, 2017, Prnewswire.com published: “WellCare of Nebraska Offers Unique Medicaid Programs During Open Enrollment …” on November 15, 2017. More interesting news about WellCare Health Plans, Inc. (NYSE:WCG) were released by: Zacks.com and their article: “Should You Buy WellCare Health Plans (WCG) Ahead of Earnings? October 27, 2017” published on October 27, 2017 as well as Prnewswire.com‘s news article titled: “WellCare Pharmacy Management Pilot Program Reduces Opioid Dispensing by 50 …” with publication date: October 25, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.