Lake Hills Wealth Management LLC Makes New $716,000 Investment in Centene Corporation $CNC

Posted by on Oct 7th, 2026

Lake Hills Wealth Management LLC acquired a new position in shares of Centene Corporation (NYSE:CNC – Free Report) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 11,528 shares of the company’s stock, valued at approximately $716,000.

A number of other large investors also recently bought and sold shares of CNC. BlackRock Inc. purchased a new position in shares of Centene during the 2nd quarter worth approximately $2,660,422,000. Wellington Management Group LLP grew its stake in shares of Centene by 423.0% in the second quarter. Wellington Management Group LLP now owns 13,301,215 shares of the company’s stock valued at $853,805,000 after buying an additional 10,757,914 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Centene by 12.4% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,517,580 shares of the company’s stock valued at $354,173,000 after buying an additional 608,249 shares during the period. Bank of America Corp DE acquired a new position in Centene during the 2nd quarter worth about $285,713,000. Finally, Deutsche Bank AG purchased a new position in Centene during the 2nd quarter valued at about $257,279,000. Institutional investors and hedge funds own 93.63% of the company’s stock.

Centene Stock Up 1.1%

NYSE:CNC traded up $0.69 during trading hours on Wednesday, hitting $65.30. The company’s stock had a trading volume of 1,209,916 shares, compared to its average volume of 5,674,947. The stock has a market capitalization of $32.26 billion, a P/E ratio of -6.26, a price-to-earnings-growth ratio of 0.41 and a beta of 1.13. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.71. The stock has a fifty day moving average of $64.79 and a 200-day moving average of $57.93. Centene Corporation has a 52-week low of $31.63 and a 52-week high of $69.63.

Centene (NYSE:CNC – Get Free Report) last released its quarterly earnings data on Monday, July 27th. The company reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $1.42. The business had revenue of $53.58 billion during the quarter, compared to analysts’ expectations of $47.64 billion. Centene had a positive return on equity of 12.12% and a negative net margin of 2.51%.The business’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.16) EPS. On average, equities analysts forecast that Centene Corporation will post 4.89 earnings per share for the current year.

Insider Buying and Selling at Centene

In other news, General Counsel Christopher Koster sold 56,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $66.90, for a total transaction of $3,779,850.00. Following the completion of the sale, the general counsel owned 248,854 shares in the company, valued at approximately $16,648,332.60. The trade was a 18.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.37% of the company’s stock.

Wall Street Analysts Forecast Growth

CNC has been the subject of several recent research reports. Cantor Fitzgerald reissued an “overweight” rating on shares of Centene in a research note on Friday, September 11th. Wells Fargo & Company set a $69.00 price target on shares of Centene and gave the stock an “equal weight” rating in a research note on Monday, July 13th. Morgan Stanley set a $66.00 price objective on Centene in a research note on Wednesday, July 29th. Wall Street Zen raised Centene from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 18th. Finally, TD Cowen reaffirmed a “hold” rating and issued a $65.00 price target (up from $47.00) on shares of Centene in a research report on Tuesday, July 14th. Nine analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $70.05.

Check Out Our Latest Analysis on Centene

About Centene

(Free Report)

Centene Corporation (NYSE:CNC) is a healthcare enterprise that provides health insurance and related services, primarily through government-sponsored programs. Its offerings include Medicaid plans, Medicare products, health plans sold through the Affordable Care Act marketplace, and services for military families through government-sponsored healthcare programs.

The company also provides pharmacy, behavioral health, specialty healthcare, care management and administrative services through various subsidiaries and partner organizations.

Featured Stories

Institutional Ownership by Quarter for Centene (NYSE:CNC)

Receive News & Ratings for Centene Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Centene and related companies with MarketBeat.com's FREE daily email newsletter.