Susquehanna International Group Llp Holding In Cys Invts (CYS) Was Has Lifted; Centene (CNC) Shareholder Martingale Asset Management LP Cut Stake by $6.80 Million as Shares Declined

May 18, 2018 - By Louis Casey

Centene Corporation (NYSE:CNC) Logo

Susquehanna International Group Llp increased its stake in Cys Invts Inc (CYS) by 564.61% based on its latest 2017Q4 regulatory filing with the SEC. Susquehanna International Group Llp bought 107,276 shares as the company’s stock declined 17.06% with the market. The institutional investor held 126,276 shares of the consumer services company at the end of 2017Q4, valued at $1.01M, up from 19,000 at the end of the previous reported quarter. Susquehanna International Group Llp who had been investing in Cys Invts Inc for a number of months, seems to be bullish on the $1.11B market cap company. It closed at $7.14 lastly. It is down 14.71% since May 18, 2017 and is downtrending. It has underperformed by 26.26% the S&P500.

Martingale Asset Management LP decreased its stake in Centene Corp (CNC) by 55.56% based on its latest 2017Q4 regulatory filing with the SEC. Martingale Asset Management LP sold 68,017 shares as the company’s stock declined 1.00% with the market. The institutional investor held 54,414 shares of the medical specialities company at the end of 2017Q4, valued at $5.49 million, down from 122,431 at the end of the previous reported quarter. Martingale Asset Management LP who had been investing in Centene Corp for a number of months, seems to be less bullish one the $23.37B market cap company. The stock increased 0.62% or $0.71 during the last trading session, reaching $115.28. About 508,764 shares traded. Centene Corporation (NYSE:CNC) has risen 44.01% since May 18, 2017 and is uptrending. It has outperformed by 32.46% the S&P500.

Among 5 analysts covering Cypress Sharpridge Investments (NYSE:CYS), 1 have Buy rating, 0 Sell and 4 Hold. Therefore 20% are positive. Cypress Sharpridge Investments had 12 analyst reports since August 4, 2015 according to SRatingsIntel. As per Friday, February 16, the company rating was maintained by Keefe Bruyette & Woods. The stock of CYS Investments, Inc. (NYSE:CYS) has “Mkt Perform” rating given on Tuesday, December 13 by Keefe Bruyette & Woods. The firm earned “Hold” rating on Friday, July 28 by Keefe Bruyette & Woods. Keefe Bruyette & Woods maintained CYS Investments, Inc. (NYSE:CYS) on Tuesday, September 12 with “Hold” rating. The stock of CYS Investments, Inc. (NYSE:CYS) earned “Hold” rating by Compass Point on Tuesday, February 6. The stock of CYS Investments, Inc. (NYSE:CYS) earned “Neutral” rating by Compass Point on Monday, March 14. The stock has “Market Perform” rating by Wells Fargo on Tuesday, April 11. The stock of CYS Investments, Inc. (NYSE:CYS) earned “Hold” rating by Keefe Bruyette & Woods on Friday, May 26. The stock has “Hold” rating by Deutsche Bank on Friday, February 12. The rating was downgraded by Compass Point to “Sell” on Thursday, December 8.

Investors sentiment decreased to 1.03 in 2017 Q4. Its down 0.65, from 1.68 in 2017Q3. It worsened, as 19 investors sold CYS shares while 51 reduced holdings. 22 funds opened positions while 50 raised stakes. 89.72 million shares or 0.77% less from 90.42 million shares in 2017Q3 were reported. Natl Bank Of Montreal Can accumulated 42,971 shares. Royal Bankshares Of Canada holds 8,706 shares. Ubs Asset Mngmt Americas Inc reported 0% of its portfolio in CYS Investments, Inc. (NYSE:CYS). 1,092 are owned by Plante Moran Fincl Advsr Ltd Limited Liability Company. Legal General Gp Public Ltd Liability Corp reported 93,523 shares. Hbk Lp invested 0% in CYS Investments, Inc. (NYSE:CYS). 99,833 were accumulated by Cambridge Inv Research. 151,344 were accumulated by Millennium Mgmt Lc. Tiaa Cref Management Ltd Llc reported 376,265 shares. Maryland-based Proshare Advsrs Ltd Liability Com has invested 0% in CYS Investments, Inc. (NYSE:CYS). Koch invested in 0.01% or 12,757 shares. Aperio Grp Limited Liability Com accumulated 60,677 shares. Stratos Wealth Partners Ltd has invested 0.01% in CYS Investments, Inc. (NYSE:CYS). Violich Capital Management Inc reported 0.04% of its portfolio in CYS Investments, Inc. (NYSE:CYS). Virtu Fincl Ltd Com invested 0.08% in CYS Investments, Inc. (NYSE:CYS).

Susquehanna International Group Llp, which manages about $283.44B US Long portfolio, decreased its stake in Orbital Atk Inc by 111,508 shares to 9,692 shares, valued at $1.27M in 2017Q4, according to the filing. It also reduced its holding in Ishares Tr (CSJ) by 213,864 shares in the quarter, leaving it with 11,765 shares, and cut its stake in Vornado Rlty Tr (Call) (NYSE:VNO).

More recent CYS Investments, Inc. (NYSE:CYS) news were published by: Prnewswire.com which released: “WeissLaw LLP Investigates CYS Investments, Inc. Acquisition” on April 27, 2018. Also Prnewswire.com published the news titled: “SHAREHOLDER ALERT: Monteverde & Associates PC Announces An Investigation Of CYS Investments, Inc. – CYS” on May 18, 2018. Seekingalpha.com‘s news article titled: “Mortgage REIT M&A: Two Harbors buying CYS Investments” with publication date: April 26, 2018 was also an interesting one.

Martingale Asset Management L P, which manages about $2.91 billion and $7.54 billion US Long portfolio, upped its stake in Tivo Corp by 101,435 shares to 272,791 shares, valued at $4.26M in 2017Q4, according to the filing. It also increased its holding in Advansix Inc by 8,204 shares in the quarter, for a total of 19,704 shares, and has risen its stake in Nasdaq Stock Market In (NASDAQ:NDAQ).

Among 20 analysts covering Centene Corporation (NYSE:CNC), 16 have Buy rating, 1 Sell and 3 Hold. Therefore 80% are positive. Centene Corporation had 63 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was maintained by Credit Suisse on Wednesday, February 7 with “Neutral”. The rating was maintained by Citigroup on Wednesday, July 26 with “Sell”. Goldman Sachs downgraded Centene Corporation (NYSE:CNC) rating on Wednesday, July 22. Goldman Sachs has “Sell” rating and $69 target. Credit Suisse maintained the shares of CNC in report on Wednesday, October 5 with “Outperform” rating. The firm has “Buy” rating by UBS given on Monday, July 27. Cantor Fitzgerald maintained it with “Buy” rating and $9000 target in Friday, June 16 report. Jefferies maintained Centene Corporation (NYSE:CNC) rating on Wednesday, July 27. Jefferies has “Buy” rating and $82 target. The stock has “Buy” rating by Jefferies on Tuesday, September 5. The rating was maintained by Oppenheimer on Tuesday, July 25 with “Buy”. The firm has “Mkt Perform” rating by Leerink Swann given on Tuesday, September 6.

Investors sentiment increased to 1.19 in Q4 2017. Its up 0.12, from 1.07 in 2017Q3. It is positive, 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. Amer Gp Incorporated Inc owns 65,387 shares. Arizona State Retirement Sys reported 124,565 shares. Ranger Invest Mngmt LP holds 30 shares or 0% of its portfolio. Cibc Asset Mngmt accumulated 17,217 shares. Horizon Ltd Liability Com holds 2.32% in Centene Corporation (NYSE:CNC) or 55,582 shares. Camarda Financial Advsrs Ltd Company holds 288 shares or 0.03% of its portfolio. Ubs Asset Management Americas holds 0.07% in Centene Corporation (NYSE:CNC) or 876,375 shares. Quantitative Systematic Strategies Limited Liability Company holds 0.1% or 4,006 shares. Homrich & Berg holds 0.24% in Centene Corporation (NYSE:CNC) or 34,025 shares. Hilltop Holdg reported 0.43% stake. Argent has 12,734 shares. 50,524 were reported by State Treasurer State Of Michigan. Capital Fund Mgmt reported 182,087 shares stake. Amundi Pioneer Asset Mgmt invested in 1.40M shares. Srb Corporation invested in 0.03% or 2,035 shares.

Since December 19, 2017, it had 0 insider buys, and 9 insider sales for $31.58 million activity. $27.05M worth of Centene Corporation (NYSE:CNC) shares were sold by NEIDORFF MICHAEL F. The insider BOWERS CHRISTOPHER D sold 4,800 shares worth $490,896. Williamson Keith H had sold 1,000 shares worth $115,000. $425,955 worth of Centene Corporation (NYSE:CNC) shares were sold by BROOKS MARK J. Hunter Jesse N sold $541,700 worth of Centene Corporation (NYSE:CNC) on Thursday, April 26.

Analysts await Centene Corporation (NYSE:CNC) to report earnings on July, 24. They expect $1.74 EPS, up 9.43% or $0.15 from last year’s $1.59 per share. CNC’s profit will be $352.80 million for 16.56 P/E if the $1.74 EPS becomes a reality. After $2.17 actual EPS reported by Centene Corporation for the previous quarter, Wall Street now forecasts -19.82% negative EPS growth.

More news for Centene Corporation (NYSE:CNC) were recently published by: Seekingalpha.com, which released: “Centene subsidiary awarded correctional healthcare contract in Tucson, Arizona” on May 18, 2018. Seekingalpha.com‘s article titled: “Centene’s (CNC) CEO Michael Neidorff on Q1 2018 Results – Earnings Call Transcript” and published on April 24, 2018 is yet another important article.

CYS Investments, Inc. (NYSE:CYS) Institutional Positions Chart

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