Natixis cut its holdings in WellCare Health Plans, Inc. (NYSE:WCG) by 98.2% in the 1st quarter, HoldingsChannel reports. The fund owned 4,500 shares of the company’s stock after selling 242,060 shares during the period. Natixis’ holdings in WellCare Health Plans were worth $871,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the company. BlackRock Inc. increased its position in WellCare Health Plans by 6.5% in the 1st quarter. BlackRock Inc. now owns 4,551,672 shares of the company’s stock valued at $881,340,000 after buying an additional 279,764 shares in the last quarter. Renaissance Technologies LLC increased its position in WellCare Health Plans by 4.4% in the 4th quarter. Renaissance Technologies LLC now owns 1,303,900 shares of the company’s stock valued at $262,227,000 after buying an additional 55,000 shares in the last quarter. American Century Companies Inc. increased its position in WellCare Health Plans by 81.4% in the 1st quarter. American Century Companies Inc. now owns 1,038,186 shares of the company’s stock valued at $201,024,000 after buying an additional 465,888 shares in the last quarter. TIAA CREF Investment Management LLC increased its position in WellCare Health Plans by 29.0% in the 4th quarter. TIAA CREF Investment Management LLC now owns 703,478 shares of the company’s stock valued at $141,476,000 after buying an additional 158,260 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its position in WellCare Health Plans by 3.2% in the 1st quarter. Russell Investments Group Ltd. now owns 410,410 shares of the company’s stock valued at $79,438,000 after buying an additional 12,813 shares in the last quarter. 96.74% of the stock is owned by hedge funds and other institutional investors.

A number of analysts recently commented on the company. SunTrust Banks assumed coverage on WellCare Health Plans in a research report on Monday, June 11th. They issued a “buy” rating and a $270.00 target price for the company. Argus began coverage on WellCare Health Plans in a research report on Thursday, June 7th. They issued a “buy” rating and a $265.00 target price for the company. ValuEngine upgraded WellCare Health Plans from a “hold” rating to a “buy” rating in a research note on Tuesday, June 5th. Morgan Stanley lifted their price target on WellCare Health Plans from $228.00 to $237.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 30th. Finally, BMO Capital Markets lifted their price target on WellCare Health Plans from $250.00 to $275.00 and gave the company an “outperform” rating in a research note on Thursday, May 31st. Three analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. WellCare Health Plans has an average rating of “Buy” and an average price target of $237.44.

Shares of NYSE WCG opened at $244.20 on Monday. WellCare Health Plans, Inc. has a twelve month low of $162.25 and a twelve month high of $244.69. The company has a market capitalization of $10.76 billion, a PE ratio of 28.66, a price-to-earnings-growth ratio of 1.61 and a beta of 0.94. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.47.

WellCare Health Plans (NYSE:WCG) last announced its earnings results on Tuesday, May 1st. The company reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.95 by $0.52. WellCare Health Plans had a return on equity of 17.99% and a net margin of 2.31%. The firm had revenue of $4.65 billion for the quarter, compared to the consensus estimate of $4.70 billion. During the same quarter in the previous year, the business earned $1.61 EPS. The company’s revenue was up 17.5% compared to the same quarter last year. analysts forecast that WellCare Health Plans, Inc. will post 10.27 EPS for the current fiscal year.

About WellCare Health Plans

WellCare Health Plans, Inc provides managed care services for government-sponsored health care programs. It operates through three segments: Medicaid Health Plans, Medicare Health Plans, and Medicare PDPs. The Medicaid Health Plans segment offers plans for beneficiaries of temporary assistance for needy families, supplemental security income, and aged blind and disabled residents; and other state-based programs, such as children's health insurance programs and long-term services and supports for qualifying families who are not eligible for Medicaid.

Want to see what other hedge funds are holding WCG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for WellCare Health Plans, Inc. (NYSE:WCG).

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

Receive News & Ratings for WellCare Health Plans Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WellCare Health Plans and related companies with MarketBeat.com's FREE daily email newsletter.