WellCare Health Plans, Inc. (WCG) Reaches $211.15 High on Jan, 16; Shorts at Regency Centers (REG) Lowered By 0.06%

January 16, 2018 - By Hazel Jackson

The stock of WellCare Health Plans, Inc. (NYSE:WCG) reached all time high today, Jan, 16 and still has $225.93 target or 7.00% above today’s $211.15 share price. This indicates more upside for the $9.40B company. This technical setup was reported by Barchart.com. If the $225.93 PT is reached, the company will be worth $658.07M more. The stock decreased 0.15% or $0.32 during the last trading session, reaching $211.15. About 109,529 shares traded. WellCare Health Plans, Inc. (NYSE:WCG) has risen 80.71% since January 16, 2017 and is uptrending. It has outperformed by 64.01% the S&P500.

Regency Centers Corporation (NYSE:REG) had a decrease of 0.06% in short interest. REG’s SI was 6.82 million shares in January as released by FINRA. Its down 0.06% from 6.82M shares previously. With 743,100 avg volume, 9 days are for Regency Centers Corporation (NYSE:REG)’s short sellers to cover REG’s short positions. The SI to Regency Centers Corporation’s float is 7.49%. The stock increased 0.02% or $0.015 during the last trading session, reaching $64.075. About 260,951 shares traded. Regency Centers Corporation (NYSE:REG) has declined 19.56% since January 16, 2017 and is downtrending. It has underperformed by 36.26% the S&P500.

Investors sentiment increased to 1.15 in 2017 Q3. Its up 0.25, from 0.9 in 2017Q2. It increased, as 32 investors sold WellCare Health Plans, Inc. shares while 93 reduced holdings. 34 funds opened positions while 110 raised stakes. 43.53 million shares or 2.17% more from 42.60 million shares in 2017Q2 were reported. Asset Mgmt Incorporated invested in 3,224 shares or 0.09% of the stock. Ngam Advisors Limited Partnership holds 0.03% in WellCare Health Plans, Inc. (NYSE:WCG) or 15,787 shares. Cadence Capital Ltd reported 11,582 shares stake. Ubs Asset Management Americas Incorporated has invested 0.01% in WellCare Health Plans, Inc. (NYSE:WCG). State Street Corp reported 0.02% stake. Oakbrook Invs has invested 0.03% of its portfolio in WellCare Health Plans, Inc. (NYSE:WCG). New York-based Quantbot Limited Partnership has invested 0.44% in WellCare Health Plans, Inc. (NYSE:WCG). Hanseatic Mgmt Svcs holds 1.22% or 6,253 shares in its portfolio. Utah Retirement System holds 8,200 shares or 0.03% of its portfolio. New York-based Clinton Grp Inc Inc has invested 1.12% in WellCare Health Plans, Inc. (NYSE:WCG). Stifel Financial has 1,702 shares for 0% of their portfolio. Cwm Limited Liability Company invested in 44 shares or 0% of the stock. Artemis Inv Mngmt Ltd Liability Partnership has 33,199 shares for 0.12% of their portfolio. Oppenheimer Asset Management owns 2,191 shares for 0.01% of their portfolio. Los Angeles Capital Management & Equity Research holds 10,893 shares.

Since August 10, 2017, it had 0 buys, and 2 insider sales for $2.92 million activity. Shares for $1.44M were sold by STEELE GLENN JR MD PHD on Thursday, August 10. Burdick Kenneth A had sold 8,500 shares worth $1.48M on Thursday, September 14.

Among 19 analysts covering Wellcare Health Plans Inc. (NYSE:WCG), 11 have Buy rating, 0 Sell and 8 Hold. Therefore 58% are positive. Wellcare Health Plans Inc. had 44 analyst reports since July 23, 2015 according to SRatingsIntel. The rating was maintained by Piper Jaffray on Friday, August 4 with “Buy”. The stock has “Buy” rating by Piper Jaffray on Tuesday, October 31. The stock of WellCare Health Plans, Inc. (NYSE:WCG) earned “Hold” rating by Jefferies on Wednesday, January 3. The rating was downgraded by Stifel Nicolaus on Wednesday, January 4 to “Hold”. On Thursday, September 21 the stock rating was initiated by MUFG Securities Americas Inc with “Buy”. The stock has “Neutral” rating by JP Morgan on Thursday, November 10. The rating was maintained by Wells Fargo with “Hold” on Wednesday, November 1. The company was maintained on Thursday, July 13 by Deutsche Bank. On Monday, February 22 the stock rating was upgraded by JP Morgan to “Overweight”. Credit Suisse upgraded the shares of WCG in report on Friday, November 11 to “Neutral” rating.

Analysts await WellCare Health Plans, Inc. (NYSE:WCG) to report earnings on February, 6. They expect $0.23 EPS, down 77.67% or $0.80 from last year’s $1.03 per share. WCG’s profit will be $10.24 million for 229.51 P/E if the $0.23 EPS becomes a reality. After $4.08 actual EPS reported by WellCare Health Plans, Inc. for the previous quarter, Wall Street now forecasts -94.36% negative EPS growth.

WellCare Health Plans, Inc. provides managed care services for government-sponsored health care programs. The company has market cap of $9.40 billion. It operates through three divisions: Medicaid Health Plans, Medicare Health Plans, and Medicare PDPs. It has a 26.48 P/E ratio. The Medicaid Health Plans segment offers plans for beneficiaries of temporary assistance for needy families, supplemental security income, and aged blind and disabled residents; and other state programs, such as children's health insurance programs for qualifying families who are not eligible for Medicaid, as well as managed long-term care programs for people with chronic illnesses or who have disabilities and need health and long-term care services.

Regency Centers Corporation operates as a real estate investment trust. The company has market cap of $10.92 billion. The company, through its subsidiaries, owns, operates, and develops community and neighborhood shopping centers that are tenanted by grocers, category-leading anchors, specialty retailers, and restaurants. It has a 70.26 P/E ratio. As of December 31, 2006, it owned 218 retail shopping centers located in 22 states and held partial interests in 187 retail shopping centers through joint ventures located in 24 states and the District of Columbia.

Among 20 analysts covering Regency Centers Corporation (NYSE:REG), 8 have Buy rating, 1 Sell and 11 Hold. Therefore 40% are positive. Regency Centers Corporation had 58 analyst reports since July 21, 2015 according to SRatingsIntel. As per Monday, December 12, the company rating was upgraded by Argus Research. The firm has “Buy” rating given on Thursday, August 31 by Argus Research. The firm has “Outperform” rating by RBC Capital Markets given on Thursday, November 5. The firm has “Buy” rating given on Friday, June 16 by Jefferies. Boenning & Scattergood maintained Regency Centers Corporation (NYSE:REG) on Monday, August 7 with “Hold” rating. The rating was initiated by BMO Capital Markets with “Hold” on Monday, September 11. The rating was maintained by Robert W. Baird with “Buy” on Monday, November 27. Jefferies maintained Regency Centers Corporation (NYSE:REG) rating on Monday, May 29. Jefferies has “Hold” rating and $72 target. The firm earned “Buy” rating on Friday, January 20 by Suntrust Robinson. The company was upgraded on Thursday, August 17 by RBC Capital Markets.

Since August 23, 2017, it had 0 insider buys, and 5 selling transactions for $82.88 million activity. KATZMAN CHAIM had sold 204,602 shares worth $13.28M on Wednesday, January 10. 7,775 Regency Centers Corporation (NYSE:REG) shares with value of $511,129 were sold by FIALA MARY LOU. Shares for $1.03 million were sold by THOMPSON JAMES D. on Tuesday, December 12. 2,500 shares valued at $174,725 were sold by ROTH ALAN TODD on Friday, December 15.

Investors sentiment increased to 1.15 in Q3 2017. Its up 0.06, from 1.09 in 2017Q2. It increased, as 23 investors sold Regency Centers Corporation shares while 107 reduced holdings. 33 funds opened positions while 116 raised stakes. 154.04 million shares or 1.05% more from 152.45 million shares in 2017Q2 were reported. Moreover, Td Asset Mgmt has 0.01% invested in Regency Centers Corporation (NYSE:REG) for 59,899 shares. The Utah-based Utah Retirement has invested 0.05% in Regency Centers Corporation (NYSE:REG). M&T Bank Corp invested in 0% or 11,329 shares. Us Commercial Bank De reported 0% of its portfolio in Regency Centers Corporation (NYSE:REG). Shell Asset Mngmt has 0.01% invested in Regency Centers Corporation (NYSE:REG). Fjarde Ap owns 38,415 shares. Ontario Teachers Pension Plan Board has invested 0.03% in Regency Centers Corporation (NYSE:REG). Aviva Public Ltd Co holds 0.03% of its portfolio in Regency Centers Corporation (NYSE:REG) for 93,941 shares. Rafferty Asset Ltd invested in 0.03% or 24,906 shares. Panagora Asset Mgmt reported 13,941 shares or 0% of all its holdings. Global Endowment Ltd Partnership reported 47,790 shares. Moreover, Dnb Asset Management As has 0.01% invested in Regency Centers Corporation (NYSE:REG). Sorin Lc holds 4.08% or 82,800 shares in its portfolio. Envestnet Asset Mngmt Incorporated reported 85,757 shares. Spirit Of America Management Corporation New York invested in 19,800 shares.

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