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Stock Market & Financial Investment News

News Breaks
June 3, 2014
06:36 EDTCNC, WCGCentene downgraded to Sell from Neutral at Citigroup
Citigroup downgraded Centene (CNC) to Sell saying that Ascension Health is not buying a publicly traded health plan, as has been speculated. Citi notes that in a recent bond document, Ascension stated that it has entered into a non-binding letter of intent to buy an insurance company, saying the purchase price "would not be material." Shares of Centene (CNC) and WellCare (WCG) rallied last week on the speculation, the firm points out. Citi sees near-term earnings risk for Centene and keeps a $65 price target for shares.
News For CNC;WCG From The Last 14 Days
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October 29, 2014
08:20 EDTCNCCentene price target raised to $112 from $105 at Susquehanna
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October 28, 2014
10:29 EDTCNCCentene management to meet with Oppenheimer
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06:19 EDTCNCCentene backs FY14 EPS view of $4.35-$4.50, consensus $3.83
Sees FY14 Premium and Service Revenues $15.3B-$15.8B.
06:16 EDTCNCCentene reports Q3 EPS $1.34, consensus 96c
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October 27, 2014
06:14 EDTCNCCentene subsidiary recommended for contract award by Louisiana DHH
Centene announced that its wholly-owned Louisiana subsidiary, Louisiana Healthcare Connections, has been recommended for a contract award by the Louisiana Department of Health and Hospitals, or DHH, to serve its Bayou Health, or Medicaid, beneficiaries. A contract is contingent upon successful negotiations with DHH and approval by the Division of Administration and by the Centers for Medicare and Medicaid Services, or CMS, Regional Office. The new Bayou Health contract is expected to commence in early 1Q15. Under the new contract, Louisiana Healthcare Connections expects to serve 320,000-350,000 Medicaid beneficiaries on an at-risk basis via a network of 10,500 primary care providers and specialists. This expansion will more than double annual revenues for Louisiana Healthcare Connections.
October 26, 2014
12:49 EDTCNCCentene announces new claims processing facility
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