Easterly Investment Partners LLC Reduces Stock Holdings in Centene Corporation $CNC

Posted by George Bondi on Jun 1st, 2026

Easterly Investment Partners LLC trimmed its position in Centene Corporation (NYSE:CNC – Free Report) by 4.3% during the 4th quarter, HoldingsChannel reports. The firm owned 436,534 shares of the company’s stock after selling 19,508 shares during the period. Centene comprises about 1.1% of Easterly Investment Partners LLC’s investment portfolio, making the stock its 13th biggest position. Easterly Investment Partners LLC’s holdings in Centene were worth $17,963,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of CNC. Baird Financial Group Inc. purchased a new position in Centene in the first quarter worth about $236,000. Sivia Capital Partners LLC boosted its position in Centene by 80.0% in the second quarter. Sivia Capital Partners LLC now owns 9,710 shares of the company’s stock worth $527,000 after purchasing an additional 4,315 shares during the last quarter. CW Advisors LLC boosted its position in Centene by 20.3% in the second quarter. CW Advisors LLC now owns 4,863 shares of the company’s stock worth $264,000 after purchasing an additional 820 shares during the last quarter. NewEdge Advisors LLC boosted its position in Centene by 6.1% in the second quarter. NewEdge Advisors LLC now owns 44,945 shares of the company’s stock worth $2,440,000 after purchasing an additional 2,582 shares during the last quarter. Finally, Treasurer of the State of North Carolina raised its stake in shares of Centene by 0.4% in the second quarter. Treasurer of the State of North Carolina now owns 231,938 shares of the company’s stock worth $12,590,000 after buying an additional 967 shares during the period. 93.63% of the stock is owned by hedge funds and other institutional investors.

Centene Stock Performance

NYSE:CNC opened at $59.72 on Monday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.12 and a quick ratio of 1.12. Centene Corporation has a 1 year low of $25.08 and a 1 year high of $60.76. The stock’s 50 day simple moving average is $45.44 and its two-hundred day simple moving average is $42.47. The company has a market cap of $29.49 billion, a price-to-earnings ratio of -4.54, a PEG ratio of 0.47 and a beta of 1.09.

Centene (NYSE:CNC – Get Free Report) last released its quarterly earnings data on Tuesday, April 28th. The company reported $3.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.23 by $1.14. Centene had a positive return on equity of 5.57% and a negative net margin of 3.25%.The business had revenue of $49.94 billion for the quarter, compared to the consensus estimate of $47.53 billion. During the same quarter in the previous year, the company posted $2.90 EPS. The company’s revenue was up 7.1% compared to the same quarter last year. As a group, equities analysts anticipate that Centene Corporation will post 3.45 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently commented on CNC shares. Jefferies Financial Group raised their price objective on Centene from $39.00 to $48.00 and gave the stock a “hold” rating in a research note on Wednesday, April 29th. Raymond James Financial set a $60.00 price objective on Centene in a research note on Wednesday, April 29th. Wall Street Zen raised Centene from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Truist Financial raised their price objective on Centene from $49.00 to $58.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Finally, Wells Fargo & Company raised their price objective on Centene from $44.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $58.18.

Read Our Latest Analysis on Centene

About Centene

(Free Report)

Centene Corporation (NYSE: CNC) is a diversified, multi-national healthcare enterprise that specializes in providing services to government-sponsored and national health programs. The company primarily acts as a managed care organization, delivering healthcare coverage and administering benefits for Medicaid, the Children’s Health Insurance Program (CHIP), Medicare Advantage, and individual marketplace plans. Centene also contracts with federal and state agencies to manage specialty care programs and community-based services for vulnerable populations.

Centene’s offerings extend beyond traditional insurance to include a range of specialty and support services.