Ajo LP Has Boosted Wellcare Hlth Plans (WCG) Position by $82.33 Million as Stock Price Rose

October 13, 2018 - By Darrin Black

WellCare Health Plans, Inc. (NYSE:WCG) LogoInvestors sentiment decreased to 1.01 in Q2 2018. Its down 0.08, from 1.09 in 2018Q1. It worsened, as 31 investors sold WCG shares while 115 reduced holdings. 44 funds opened positions while 104 raised stakes. 42.28 million shares or 0.62% more from 42.02 million shares in 2018Q1 were reported. Motco reported 55 shares. Thrivent Financial For Lutherans holds 0.01% in WellCare Health Plans, Inc. (NYSE:WCG) or 10,197 shares. Glenmede Trust Co Na reported 0.03% stake. Alyeska Investment Group Lp holds 0.35% in WellCare Health Plans, Inc. (NYSE:WCG) or 147,044 shares. Bokf Na accumulated 13,415 shares. M&T Bank Corp accumulated 3,256 shares. Gru One Trading Ltd Partnership holds 0% in WellCare Health Plans, Inc. (NYSE:WCG) or 2,132 shares. Piedmont Invest Advisors Limited Liability Corporation reported 13,814 shares. 1.71 million are owned by Cap. State Street Corporation holds 0.02% or 1.16 million shares. Ontario Teachers Pension Plan Board reported 0.12% stake. 28,885 were reported by Texas Permanent School Fund. Prescott Capital Mngmt Lc holds 0.62% or 13,443 shares. Employees Retirement Of Ohio holds 53,833 shares. Alliancebernstein Lp reported 543,926 shares.

Ajo Lp increased its stake in Wellcare Hlth Plans (WCG) by 259.29% based on its latest 2018Q2 regulatory filing with the SEC. Ajo Lp bought 334,670 shares as the company’s stock rose 27.13% with the market. The institutional investor held 463,743 shares of the health care company at the end of 2018Q2, valued at $114.19M, up from 129,073 at the end of the previous reported quarter. Ajo Lp who had been investing in Wellcare Hlth Plans for a number of months, seems to be bullish on the $15.38B market cap company. The stock increased 1.88% or $5.67 during the last trading session, reaching $307.77. About 625,514 shares traded. WellCare Health Plans, Inc. (NYSE:WCG) has risen 73.94% since October 13, 2017 and is uptrending. It has outperformed by 58.32% the S&P500.

Ajo Lp, which manages about $24.49 billion and $21.67 billion US Long portfolio, decreased its stake in Facebook (NASDAQ:FB) by 62,303 shares to 19,050 shares, valued at $3.70M in 2018Q2, according to the filing. It also reduced its holding in Landstar System (NASDAQ:LSTR) by 36,166 shares in the quarter, leaving it with 11,414 shares, and cut its stake in Gaming & Leisure Pptys (NASDAQ:GLPI).

More notable recent WellCare Health Plans, Inc. (NYSE:WCG) news were published by: Bizjournals.com which released: “Dr. Kiran Patel invests $60 million in medical device company, will move HQ to Tampa” on October 09, 2018, also Prnewswire.com with their article: “WellCare Partners with agilon health to Form Value-Based Care Agreement” published on October 08, 2018, Seekingalpha.com published: “Premarket analyst action – healthcare” on October 10, 2018. More interesting news about WellCare Health Plans, Inc. (NYSE:WCG) were released by: Seekingalpha.com and their article: “CVS/Aetna: Holding Breath Before The Blessing” published on September 28, 2018 as well as Streetinsider.com‘s news article titled: “CVS, Aetna win US approval for $69 billion deal” with publication date: October 10, 2018.

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

Among 11 analysts covering WellCare Health Plans (NYSE:WCG), 10 have Buy rating, 0 Sell and 1 Hold. Therefore 91% are positive. WellCare Health Plans had 23 analyst reports since May 2, 2018 according to SRatingsIntel. The firm has “Equal-Weight” rating given on Wednesday, September 5 by Morgan Stanley. BMO Capital Markets maintained WellCare Health Plans, Inc. (NYSE:WCG) on Friday, September 14 with “Outperform” rating. The stock has “Overweight” rating by Cantor Fitzgerald on Monday, September 17. Bank of America maintained the stock with “Buy” rating in Tuesday, July 24 report. Barclays Capital maintained WellCare Health Plans, Inc. (NYSE:WCG) rating on Wednesday, August 1. Barclays Capital has “Overweight” rating and $295 target. The stock of WellCare Health Plans, Inc. (NYSE:WCG) has “Equal-Weight” rating given on Wednesday, August 1 by Morgan Stanley. On Wednesday, June 27 the stock rating was upgraded by J.P. Morgan to “Buy”. Cantor Fitzgerald maintained it with “Buy” rating and $23500 target in Tuesday, May 1 report. The company was maintained on Wednesday, September 12 by Morgan Stanley. The firm earned “Buy” rating on Wednesday, May 30 by Leerink Swann.

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

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