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Bank Of America Increased Holding in Centene Del (CNC); As Enbridge (ENB) Market Value Declined, Schaper Benz & Wise Investment Counsel Has Boosted by $420,615 Its Position

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Bank Of America Corp increased its stake in Centene Corp Del (CNC) by 709.95% based on its latest 2017Q4 regulatory filing with the SEC. Bank Of America Corp bought 1.64M shares as the company’s stock declined 1.00% with the market. The institutional investor held 1.87 million shares of the medical specialities company at the end of 2017Q4, valued at $188.58 million, up from 230,800 at the end of the previous reported quarter. Bank Of America Corp who had been investing in Centene Corp Del for a number of months, seems to be bullish on the $19.56B market cap company. The stock decreased 0.66% or $0.74 during the last trading session, reaching $110.63. About 1.11M shares traded. Centene Corporation (NYSE:CNC) has risen 44.01% since April 23, 2017 and is uptrending. It has outperformed by 32.46% the S&P500.

Schaper Benz & Wise Investment Counsel Inc increased its stake in Enbridge (ENB) by 12.43% based on its latest 2017Q4 regulatory filing with the SEC. Schaper Benz & Wise Investment Counsel Inc bought 10,785 shares as the company’s stock declined 21.20% with the market. The institutional investor held 97,530 shares of the natural gas distribution company at the end of 2017Q4, valued at $3.81M, up from 86,745 at the end of the previous reported quarter. Schaper Benz & Wise Investment Counsel Inc who had been investing in Enbridge for a number of months, seems to be bullish on the $51.15 billion market cap company. The stock decreased 2.41% or $0.77 during the last trading session, reaching $31.21. About 4.63M shares traded or 27.69% up from the average. Enbridge Inc. (NYSE:ENB) has declined 26.13% since April 23, 2017 and is downtrending. It has underperformed by 37.68% the S&P500.

Among 20 analysts covering Centene Corporation (NYSE:CNC), 16 have Buy rating, 1 Sell and 3 Hold. Therefore 80% are positive. Centene Corporation had 61 analyst reports since July 22, 2015 according to SRatingsIntel. On Tuesday, September 5 the stock rating was maintained by Jefferies with “Buy”. The rating was maintained by Cantor Fitzgerald on Tuesday, February 6 with “Buy”. The stock has “Neutral” rating by JP Morgan on Monday, May 22. The rating was maintained by Cowen & Co with “Buy” on Monday, October 23. The firm has “Neutral” rating by Credit Suisse given on Wednesday, February 7. Citigroup downgraded Centene Corporation (NYSE:CNC) on Thursday, March 23 to “Neutral” rating. The firm has “Outperform” rating by Cowen & Co given on Monday, April 25. The company was maintained on Wednesday, January 6 by Barclays Capital. The rating was maintained by Cantor Fitzgerald with “Buy” on Tuesday, September 12. Cantor Fitzgerald maintained it with “Buy” rating and $107.0 target in Thursday, December 14 report.

Since October 26, 2017, it had 0 insider buys, and 5 insider sales for $3.19 million activity. 4,800 shares valued at $490,896 were sold by BOWERS CHRISTOPHER D on Monday, March 12. DITMORE ROBERT K also sold $376,780 worth of Centene Corporation (NYSE:CNC) on Thursday, October 26. 10,000 shares valued at $987,300 were sold by Hunter Jesse N on Tuesday, December 19.

Bank Of America Corp, which manages about $597.43 billion US Long portfolio, decreased its stake in Ishares Tr (IYM) by 17,283 shares to 277,909 shares, valued at $28.40 million in 2017Q4, according to the filing. It also reduced its holding in Lsb Inds Inc (NYSE:LXU) by 106,905 shares in the quarter, leaving it with 88,630 shares, and cut its stake in Abbvie Inc (Call) (NYSE:ABBV).

Investors sentiment increased to 1.19 in 2017 Q4. Its up 0.12, from 1.07 in 2017Q3. It increased, as 35 investors sold CNC shares while 186 reduced holdings. 85 funds opened positions while 177 raised stakes. 150.93 million shares or 0.26% more from 150.53 million shares in 2017Q3 were reported. Ameritas Invest Ptnrs invested 0.02% of its portfolio in Centene Corporation (NYSE:CNC). Retirement Sys Of Alabama reported 141,456 shares or 0.07% of all its holdings. 7,005 are held by Buckingham Asset Ltd Liability Com. Trustmark Bank & Trust Tru Department invested in 0.04% or 3,252 shares. Moreover, Northern Trust has 0.05% invested in Centene Corporation (NYSE:CNC) for 1.98 million shares. Convergence Inv Prns Limited Liability has 28,211 shares for 0.38% of their portfolio. Raymond James Assoc, a Florida-based fund reported 211,332 shares. Assetmark accumulated 181,635 shares. Duncker Streett Inc invested 0.05% in Centene Corporation (NYSE:CNC). The Michigan-based State Treasurer State Of Michigan has invested 0.04% in Centene Corporation (NYSE:CNC). Rbf Capital Lc has invested 0.28% in Centene Corporation (NYSE:CNC). Moreover, Highland Capital Mngmt Ltd Com has 0.05% invested in Centene Corporation (NYSE:CNC) for 5,879 shares. Geode Capital Mgmt Ltd Llc holds 0.08% or 2.25 million shares in its portfolio. Plante Moran Fin Advisors Ltd Co owns 670 shares. Manufacturers Life Insur The holds 0.02% or 180,085 shares.

Centene Corporation (NYSE:CNC) Institutional Positions Chart

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