Short Interest Runner: Could Wellcare Health Plans Incorporated (NYSE:WCG) See a Reversal After More Sellers Came In?

November 21, 2016 - By Ellis Scott   ·   0 Comments

Short Interest Runner: Could Wellcare Health Plans Incorporated (NYSE:WCG) See a Reversal After More Sellers Came In?

The stock of Wellcare Health Plans Incorporated (NYSE:WCG) registered an increase of 1.08% in short interest. WCG’s total short interest was 2.01M shares in November as published by FINRA. Its up 1.08% from 1.99 million shares, reported previously. With 285,400 shares average volume, it will take short sellers 7 days to cover their WCG’s short positions. The short interest to Wellcare Health Plans Incorporated’s float is 5.02%. About 39,722 shares traded hands. WellCare Health Plans, Inc. (NYSE:WCG) has risen 38.98% since April 19, 2016 and is uptrending. It has outperformed by 35.12% the S&P500.

WellCare Health Plans, Inc. is a managed care firm focused on government-sponsored managed care services, primarily through Medicaid, Medicare Advantage and Medicare Prescription Drug Plans (PDPs) to families, children, seniors and individuals with complex medical needs. The company has a market cap of $5.72 billion. The Company’s divisions include Medicaid Health Plans, Medicare Health Plans and Medicare PDPs. It has a 27.56 P/E ratio. The Medicaid Health Plans segment includes plans for beneficiaries of Temporary Assistance for Needy Families, Supplemental Security Income, Aged Blind and Disabled and other state programs, such as Children’s Health Insurance Program and Managed Long-Term Care programs.

Insitutional Activity: The institutional sentiment decreased to 1.16 in Q2 2016. Its down 0.01, from 1.17 in 2016Q1. The ratio turned negative, as 26 funds sold all WellCare Health Plans, Inc. shares owned while 89 reduced positions. 50 funds bought stakes while 84 increased positions. They now own 44.20 million shares or 13.26% less from 50.96 million shares in 2016Q1.
Jefferies Group Inc Incorporated Limited holds 0% or 6,000 shares in its portfolio. Fortaleza Asset Management Inc last reported 1,095 shares in the company. Wellington Management Group Ltd Liability Partnership holds 3.97M shares or 0.11% of its portfolio. Balyasny Asset Mgmt Ltd has invested 0.09% of its portfolio in WellCare Health Plans, Inc. (NYSE:WCG). Paloma Prns Mngmt last reported 116,868 shares in the company. Amalgamated Commercial Bank, a New York-based fund reported 7,591 shares. Prudential has 0.07% invested in the company for 392,909 shares. Perceptive Ltd Liability Corporation has 0.04% invested in the company for 5,056 shares. Creative Planning last reported 810 shares in the company. Moreover, Capital Invsts has 0.06% invested in WellCare Health Plans, Inc. (NYSE:WCG) for 2.03 million shares. Wcm Mgmt Ca has invested 0.29% of its portfolio in WellCare Health Plans, Inc. (NYSE:WCG). Ladenburg Thalmann Fincl Serv accumulated 0% or 424 shares. Credit Agricole S A, a France-based fund reported 2,364 shares. Blackrock Advsr Ltd Com holds 227,504 shares or 0.02% of its portfolio. Oregon Public Employees Retirement Fund holds 0.05% of its portfolio in WellCare Health Plans, Inc. (NYSE:WCG) for 19,815 shares.

Insider Transactions: Since June 15, 2016, the stock had 0 insider purchases, and 2 selling transactions for $1.25 million net activity. HICKEY KEVIN F sold 1,000 shares worth $105,559. 10,000 shares were sold by STEELE GLENN JR MD PHD, worth $1.15 million on Tuesday, August 16.

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

Out of 7 analysts covering Wellcare Health Plans Inc. (NYSE:WCG), 2 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 29% are positive. Wellcare Health Plans Inc. has been the topic of 12 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The stock of WellCare Health Plans, Inc. (NYSE:WCG) has “Buy” rating given on Thursday, July 23 by TheStreet. The rating was initiated by JP Morgan on Wednesday, September 16 with “Neutral”. The stock of WellCare Health Plans, Inc. (NYSE:WCG) earned “Neutral” rating by JP Morgan on Thursday, November 10. On Wednesday, December 16 the stock rating was initiated by Credit Suisse with “Underperform”. The stock of WellCare Health Plans, Inc. (NYSE:WCG) has “Buy” rating given on Thursday, November 5 by Stifel Nicolaus. Credit Suisse upgraded WellCare Health Plans, Inc. (NYSE:WCG) on Friday, November 11 to “Neutral” rating. Bank of America upgraded the shares of WCG in a report on Monday, February 22 to “Neutral” rating. Cantor Fitzgerald maintained WellCare Health Plans, Inc. (NYSE:WCG) on Friday, June 24 with “Hold” rating. The company was upgraded on Monday, February 22 by JP Morgan.

WCG Company Profile

WellCare Health Plans, Inc., incorporated on February 5, 2004, is a managed care firm focused on government-sponsored managed care services, primarily through Medicaid, Medicare Advantage (MA) and Medicare Prescription Drug Plans (PDPs) to families, children, seniors and individuals with complex medical needs. The Company’s divisions include Medicaid Health Plans, Medicare Health Plans and Medicare PDPs. The Firm serves approximately 3.8 million members in approximately 50 states and the District of Columbia. The Company, through its contracts with approximately 224,000 health care providers and 71,000 pharmacies, provides its members with access to medically necessary services. The Company’s contracted providers deliver a range of services to its members, including primary and specialty physician care; laboratory and imaging services; inpatient, outpatient, home health and skilled facility care; medication and injectable drug therapy; ancillary services; durable medical equipment and related services; mental health and chemical dependency counseling and treatment; transportation, and dental, hearing and vision care.

More news for WellCare Health Plans, Inc. (NYSE:WCG) were recently published by: Streetinsider.com, which released: “WellCare Health Plans (WCG) to Acquire Universal American (UAM) for $10/Share” on November 17, 2016. Prnewswire.com‘s article titled: “WellCare to Pilot In-Home Telemonitoring Program in Arkansas, Mississippi and …” and published on October 27, 2016 is yet another important article.

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.

By Ellis Scott


Readers Comments (0)





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>