Wellcare Health Plans INC (WCG) Shareholder Bridger Management LLC Increased Stake

November 10, 2018 - By Ash Bar

WellCare Health Plans, Inc. (NYSE:WCG) Corporate LogoDuring Q2 2018 the big money sentiment decreased to 1.01. That’s change of 0.08, from 2018Q1’s 1.09. 31 investors sold all, 115 reduced holdings as WCG ratio is negative. 104 rose stakes while 44 funds amassed stakes. Funds hold 42.28 million shares thus 0.62% more from 2018Q1’s 42.02 million shares. Evergreen Cap Management Ltd Llc invested in 1,265 shs or 0.03% of the stock. Wedge Cap Management L Lp Nc accumulated 133,554 shs. Ajo LP has invested 0.53% in WellCare Health Plans, Inc. (NYSE:WCG). Acadian Asset Mgmt Limited Liability Corp holds 1.76% of its capital in WellCare Health Plans, Inc. (NYSE:WCG) for 1.65 million shs. New York-based Amalgamated Bank & Trust has invested 0.06% in WellCare Health Plans, Inc. (NYSE:WCG). Fuller Thaler Asset Management, a California-based fund reported 400 shs. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Corp holds 0.1% or 46,900 shs. Natl Bank Of America De has invested 0.01% of its capital in WellCare Health Plans, Inc. (NYSE:WCG). M&T Bancorp accumulated 3,256 shs or 0% of the stock. Meeder Asset Mgmt reported 3,480 shs or 0% of all its holdings. Raymond James & Assoc stated it has 9,310 shs. Cornerstone Advsr has invested 0% in WellCare Health Plans, Inc. (NYSE:WCG). Piedmont Advsr Limited invested in 0.16% or 13,814 shs. Envestnet Asset Mngmt reported 579 shs or 0% of all its holdings. Barclays Public Limited Company reported 9,968 shs.

According to 2018Q2 Securities and Exchange form the Bridger Management Llc increased its holdings in Wellcare Health Plans Inc (WCG) by 6.62%. The company’s stock rose 27.13% with the market as Bridger Management Llc bought 16,577 shares. The health care company at the end of 2018Q2 was valued at $65.73 million. It’s up from 250,339 at the end of the previous reported quarter. Now it had 266,916 shares held by the hedge fund . $13.66 billion is Wellcare Health Plans Inc’s market cap. WCG touched $273.32 during the last trading session after $1.21 change.Currently WellCare Health Plans, Inc. is uptrending after 73.94% change in last November 10, 2017. WCG has 858,506 shares volume. The stock outperformed the S&P500 by 58.32%.

For a total of 671,005 shares it reduced its holding in Dexcom Inc (NASDAQ:DXCM) by 226,615 shares in the quarter, and has cut its stake in Laboratory Corp Amer Hldgs (NYSE:LH).

Another two news for WellCare Health Plans, Inc. (NYSE:WCG) were briefly published by: Bizjournals.com on November 06, 2018 with title “Dr. Kiran Patel named senior advisor in New York health care private equity firm with Tampa ties”. The other Seekingalpha.com‘s article was titled “WellCare Health Plans (WCG) Q3 2018 Results – Earnings Call Transcript” and published on October 30, 2018.

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

Total analysts of 11 have positions in WellCare Health Plans (NYSE:WCG) as follows: 10 rated it a “Buy”, 0 with “Sell” and 1 with “Hold”. The positive are 91%. Since May 29, 2018 according to StockzIntelligence Inc WellCare Health Plans has 20 analyst reports. On Friday, September 14 the rating was maintained by BMO Capital Markets with “Outperform”. The company rating was maintained by Cantor Fitzgerald on Tuesday, May 29. In Wednesday, May 30 report Leerink Swann maintained the stock with “Buy” rating. On Wednesday, June 27 the rating was upgraded by J.P. Morgan to “Buy”. In Thursday, May 31 report BMO Capital Markets maintained the stock with “Outperform” rating. On Wednesday, May 30 the rating was maintained by Wells Fargo with “Buy”. On Friday, July 13 the stock has “Equal-Weight” rating by Morgan Stanley. On Friday, August 31 Argus Research maintained WellCare Health Plans, Inc. (NYSE:WCG) with “Buy” rating. On Wednesday, September 5 Morgan Stanley maintained the shares of WCG in report with “Equal-Weight” rating. In Monday, June 11 report SunTrust initiated it with “Buy” rating and $27000 target.

WellCare Health Plans, Inc. (NYSE:WCG) Institutional Investors Chart

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