Centene Corporation (NYSE:CNC) announced that the company has purchased, from Banco Sabadell, an additional stake in Ribera Salud. The purchase, which closed on June 28, 2019, will expand Centene’s stake in the Spanish healthcare company from 50 to 90 percent.
insider ownership percentage is the key indicator, can be used by investors, to
measure the outlook of senior management has on their company. Insider
ownership for the CNC is 4.90%. Institutional ownership refers to the ownership
stake in a company that is held by large financial organizations, pension funds
or endowments. The Institutional ownership for the CNC is 93.50%.
Insider trading is the buying or selling of any publicly traded company’s stock and this can be done by someone who has non-public, material information about that CNC. Insider trading can be illegal or legal depending on when the insider makes the trade. It is illegal when the material information is still non-public. The insider transactions of the company (6-month change in insider ownerships) for the Centene Corporation (NYSE:CNC) is -0.07%.
Institutional transactions is the amount of a Centene Corporation (NYSE:CNC)’s available stock owned by mutual or pension funds, insurance companies, investment firms, private foundations, endowments or other large entities that actually manage the funds on the behalf of others, so its an interesting element for the traders to note it, and the Institutional ownership for the CNC is 1.30%.
A Healthcare sector firm, Centene Corporation (NYSE:CNC) stock climbs 0.37% on Tuesday and when day-trade ended the stock finally concluded at $51.54 and number of shares that changed hands during the day are 4.54 Million. The number of shares CNC stock currently held by all its shareholders are 413.37 and floated shares, the number of shares are available for trading in an open market on last trading day are 403.71. The average volume of shares for 3 months is 9403.74 and CNC stock value has moved between $45.61 – 74.7 in last one year.
The Centene Corporation (NYSE:CNC)’s latest earnings date is 7/23/2019. The Gross margin is the difference between the revenue and the cost of goods sold (COGS), divided by revenue. In other words, Gross Margin is a percentage value, while Gross Profit is a monetary value. The valuable gross margin for Centene Corporation (NYSE:CNC) is 19.20% and the profit margin is 1.70% and the stock has gained -10.60% in 2019 to date.
Centene Corporation (NYSE:CNC)’s monthly stock performance is -0.54%, the quarterly performance is -4.00%, the half year performance is calculated as -10.60%. The yearly performance of CNC is -16.34%.
The higher the volatility, the riskier the security. For example, when the stock market rises and falls more than one percent over a sustained period of time, it is called a “volatile” market, if the stock price stays relatively stable, the security has low volatility. The Centene Corporation (NYSE:CNC) weekly volatility is measured as 3.49% and monthly volatility measured as 2.63%.
Return on assets (ROA) is a main indicator of how profitable a company is relative to its total assets. CNC return on assets is 3.50%, the return on equity (ROE) of the Centene Corporation (NYSE:CNC) is 9.90%, while the most important return on investment is calculates as a percentage and is typically used for personal financial decisions, and CNC return on investment is 5.60%.
The price to earnings ratio is 19.72, price to sales ratio is 0.33, and price to book ratio is 1.84, price to cash per share ration is 3.03, price to free cash flow is 300.07.
Analysts mean target price for Centene Corporation (NYSE:CNC) is $74.00 while analysts mean recommendation is 1.60. The current share price indicates that stock is -30.81% away from its one year high and is moving 13.42% ahead of its 52-week low. CNC’s distance from 20 day simple moving average is -4.64% and distance from 50-Day simple moving average is -4.72%.