Wellcare Hlth Plans (WCG) Shares Rose While Ajo LP Boosted by $82.33 Million Its Stake

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 is negative, 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. 8,907 were accumulated by Gam Ag. Principal Fin owns 0.05% invested in WellCare Health Plans, Inc. (NYSE:WCG) for 210,420 shares. 13,356 were reported by Clinton Group. Signaturefd Ltd holds 294 shares or 0.01% of its portfolio. Boothbay Fund Management Ltd Limited Liability Company accumulated 0.02% or 1,005 shares. 1,246 were reported by Matarin Cap Management Limited Liability Corporation. Ing Groep Nv holds 6,855 shares. Sei Commerce stated it has 33,348 shares. Connecticut-based Bridgewater Associates Ltd Partnership has invested 0% in WellCare Health Plans, Inc. (NYSE:WCG). Wright Invsts Ser owns 0.57% invested in WellCare Health Plans, Inc. (NYSE:WCG) for 5,875 shares. Tower Rech Cap Limited Company (Trc) owns 558 shares for 0.01% of their portfolio. Rbf Capital Llc owns 5,000 shares or 0.14% of their US portfolio. Schwab Charles Investment Management has 183,158 shares. Cap Fund Management reported 120,548 shares stake. Riverhead Management Ltd Liability Corp stated it has 0.37% in WellCare Health Plans, Inc. (NYSE:WCG).

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 $114.19 million, 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 Southwest Gas Holdings (NYSE:SWX) by 60,625 shares to 792,397 shares, valued at $60.44 million in 2018Q2, according to the filing. It also reduced its holding in Jpmorgan Chase (NYSE:JPM) by 1.45 million shares in the quarter, leaving it with 2.60M shares, and cut its stake in Jacobs Engineering (NYSE:JEC).

More notable recent WellCare Health Plans, Inc. (NYSE:WCG) news were published by: Streetinsider.com which released: “WellCare Health Plans (WCG) to Acquire Aetna’s (AET) Medicare Part D Prescription Drug Plan Business” on September 27, 2018, also Bizjournals.com with their article: “Dr. Kiran Patel invests $60 million in medical device company, will move HQ to Tampa” published on October 09, 2018, Streetinsider.com published: “CVS, Aetna win US approval for $69 billion deal” 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 Prnewswire.com‘s news article titled: “WellCare Partners with agilon health to Form Value-Based Care Agreement” with publication date: October 08, 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. Bank of America maintained it with “Buy” rating and $270 target in Tuesday, July 24 report. The firm has “Buy” rating by Wells Fargo given on Wednesday, May 2. The stock of WellCare Health Plans, Inc. (NYSE:WCG) earned “Buy” rating by SunTrust on Monday, June 11. The stock of WellCare Health Plans, Inc. (NYSE:WCG) has “Buy” rating given on Wednesday, May 30 by Leerink Swann. The stock has “Buy” rating by Argus Research on Friday, August 31. The stock has “Equal-Weight” rating by Morgan Stanley on Wednesday, May 30. The firm has “Buy” rating given on Tuesday, May 1 by Cantor Fitzgerald. The rating was maintained by Morgan Stanley on Wednesday, September 12 with “Equal-Weight”. The stock of WellCare Health Plans, Inc. (NYSE:WCG) has “Equal-Weight” rating given on Wednesday, September 5 by Morgan Stanley. Morgan Stanley maintained the stock with “Equal-Weight” rating in Wednesday, August 1 report.

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

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