WellCare Health Plans, Inc. (WCG) Touches $215.83 High on Jan, 18; Nuveen Amt-free Municipal Income Fund Has 1.13 Sentiment

January 18, 2018 - By wolcottdaily

The stock decreased 0.33% or $0.05 during the last trading session, reaching $13.51. About 291,312 shares traded. Nuveen AMT-Free Quality Municipal Income Fund (NEA) has declined 6.51% since January 18, 2017 and is downtrending. It has underperformed by 23.21% the S&P500.

The stock of WellCare Health Plans, Inc. (NYSE:WCG) reached all time high today, Jan, 18 and still has $224.46 target or 4.00% above today’s $215.83 share price. This indicates more upside for the $9.61 billion company. This technical setup was reported by Barchart.com. If the $224.46 PT is reached, the company will be worth $384.36 million more. The stock increased 0.94% or $2 during the last trading session, reaching $215.83. About 88,665 shares traded. WellCare Health Plans, Inc. (NYSE:WCG) has risen 80.71% since January 18, 2017 and is uptrending. It has outperformed by 64.01% the S&P500.

Among 19 analysts covering Wellcare Health Plans Inc. (NYSE:WCG), 11 have Buy rating, 0 Sell and 8 Hold. Therefore 58% are positive. Wellcare Health Plans Inc. has $255 highest and $85 lowest target. $199.41’s average target is -7.61% below currents $215.83 stock price. Wellcare Health Plans Inc. had 44 analyst reports since July 23, 2015 according to SRatingsIntel. The stock of WellCare Health Plans, Inc. (NYSE:WCG) earned “Buy” rating by Cantor Fitzgerald on Tuesday, October 31. Deutsche Bank maintained WellCare Health Plans, Inc. (NYSE:WCG) on Thursday, July 13 with “Buy” rating. Wells Fargo maintained WellCare Health Plans, Inc. (NYSE:WCG) rating on Wednesday, November 1. Wells Fargo has “Hold” rating and $188.0 target. The firm earned “Overweight” rating on Monday, February 22 by JP Morgan. The stock of WellCare Health Plans, Inc. (NYSE:WCG) earned “Hold” rating by Jefferies on Wednesday, November 1. On Thursday, November 10 the stock rating was downgraded by JP Morgan to “Neutral”. Jefferies maintained the shares of WCG in report on Wednesday, January 3 with “Hold” rating. Jefferies maintained the stock with “Hold” rating in Wednesday, June 7 report. The rating was initiated by Morgan Stanley on Wednesday, June 7 with “Equal-Weight”. The stock of WellCare Health Plans, Inc. (NYSE:WCG) has “Hold” rating given on Friday, January 12 by Jefferies.

Since August 10, 2017, it had 0 insider buys, and 2 selling transactions for $2.92 million activity. 8,500 WellCare Health Plans, Inc. (NYSE:WCG) shares with value of $1.48 million were sold by Burdick Kenneth A. 8,374 shares valued at $1.44M were sold by STEELE GLENN JR MD PHD on Thursday, August 10.

Investors sentiment increased to 1.15 in 2017 Q3. Its up 0.25, from 0.9 in 2017Q2. It improved, as 32 investors sold WellCare Health Plans, Inc. shares while 93 reduced holdings. 34 funds opened positions while 110 raised stakes. 43.53 million shares or 2.17% more from 42.60 million shares in 2017Q2 were reported. Group Inc has 97,155 shares. Amundi Pioneer Asset Management owns 0.04% invested in WellCare Health Plans, Inc. (NYSE:WCG) for 80,107 shares. Manufacturers Life Ins The stated it has 65,278 shares. Nationwide Fund Advsrs reported 0.14% of its portfolio in WellCare Health Plans, Inc. (NYSE:WCG). The Switzerland-based Swiss Bank has invested 0.01% in WellCare Health Plans, Inc. (NYSE:WCG). 15,787 are held by Ngam Limited Partnership. State Treasurer State Of Michigan invested in 16,700 shares or 0.02% of the stock. Robeco Institutional Asset Mgmt Bv invested 0.16% of its portfolio in WellCare Health Plans, Inc. (NYSE:WCG). Amalgamated Bank holds 8,836 shares. Retirement Of Alabama has 0.09% invested in WellCare Health Plans, Inc. (NYSE:WCG) for 98,819 shares. Dekabank Deutsche Girozentrale has invested 0.02% in WellCare Health Plans, Inc. (NYSE:WCG). Ww Asset holds 3,444 shares. Us Bank De holds 346 shares. Ubs Asset Americas has 85,507 shares for 0.01% of their portfolio. Sawgrass Asset Mgmt has invested 0.01% in WellCare Health Plans, Inc. (NYSE:WCG).

Analysts await WellCare Health Plans, Inc. (NYSE:WCG) to report earnings on February, 6. They expect $0.23 earnings per share, down 77.67% or $0.80 from last year’s $1.03 per share. WCG’s profit will be $10.24M for 234.60 P/E if the $0.23 EPS becomes a reality. After $4.08 actual earnings per share reported by WellCare Health Plans, Inc. for the previous quarter, Wall Street now forecasts -94.36% negative EPS growth.

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