Centene (CNC) Reaches $79.20 52-Week High; Shorts at Appfolio Class A (APPF) Lowered By 15.08%

June 19, 2017 - By Dolores Ford

Appfolio Class A (NASDAQ:APPF) had a decrease of 15.08% in short interest. APPF’s SI was 143,000 shares in June as released by FINRA. Its down 15.08% from 168,400 shares previously. With 44,200 avg volume, 3 days are for Appfolio Class A (NASDAQ:APPF)’s short sellers to cover APPF’s short positions. The SI to Appfolio Class A’s float is 2%. About 3,170 shares traded. AppFolio Inc (NASDAQ:APPF) has risen 112.92% since June 19, 2016 and is uptrending. It has outperformed by 96.22% the S&P500.

The stock of Centene Corp (NYSE:CNC) hit a new 52-week high and has $83.16 target or 5.00% above today’s $79.20 share price. The 5 months bullish chart indicates low risk for the $13.58 billion company. The 1-year high was reported on Jun, 19 by Barchart.com. If the $83.16 price target is reached, the company will be worth $679.00 million more. About 68,291 shares traded. Centene Corp (NYSE:CNC) has risen 32.56% since June 19, 2016 and is uptrending. It has outperformed by 15.86% the S&P500.

Analysts await Centene Corp (NYSE:CNC) to report earnings on July, 25 before the open. They expect $1.30 earnings per share, up 0.78% or $0.01 from last year’s $1.29 per share. CNC’s profit will be $222.90 million for 15.23 P/E if the $1.30 EPS becomes a reality. After $1.12 actual earnings per share reported by Centene Corp for the previous quarter, Wall Street now forecasts 16.07% EPS growth.

Investors sentiment increased to 0.98 in Q4 2016. Its up 0.18, from 0.8 in 2016Q3. It is positive, as 56 investors sold Centene Corp shares while 172 reduced holdings. 86 funds opened positions while 137 raised stakes. 146.22 million shares or 4.61% less from 153.29 million shares in 2016Q3 were reported. Arizona State Retirement has 42,200 shares. Ubs Asset Mngmt Americas has invested 0.12% in Centene Corp (NYSE:CNC). Manufacturers Life Insurance Communications The holds 167,957 shares. Vaughan Nelson Management Ltd Partnership holds 0.42% in Centene Corp (NYSE:CNC) or 632,150 shares. Psagot Investment House owns 68 shares. Massachusetts-based Camber Mngmt Limited Liability Co has invested 0.59% in Centene Corp (NYSE:CNC). International Grp Inc owns 64,245 shares. Utd Capital Financial Advisers Ltd invested 0.01% in Centene Corp (NYSE:CNC). Fiera Corporation invested in 685,056 shares or 0.22% of the stock. Regions owns 0% invested in Centene Corp (NYSE:CNC) for 5,864 shares. Gsa Capital Partners Llp accumulated 15,579 shares or 0.05% of the stock. Renaissance Tech Limited Liability Co has 0.04% invested in Centene Corp (NYSE:CNC) for 456,716 shares. Ngam Advisors L P holds 115,151 shares or 0.08% of its portfolio. Piedmont Invest Ltd Co invested in 482 shares. 35 are owned by Winslow Mngmt Limited Liability.

Among 17 analysts covering Centene Corporation (NYSE:CNC), 12 have Buy rating, 0 Sell and 5 Hold. Therefore 71% are positive. Centene Corporation had 28 analyst reports since July 22, 2015 according to SRatingsIntel. Leerink Swann downgraded the stock to “Mkt Perform” rating in Tuesday, September 6 report. On Thursday, May 26 the stock rating was upgraded by Stifel Nicolaus to “Buy”. The stock of Centene Corp (NYSE:CNC) earned “Buy” rating by Citigroup on Friday, October 2. As per Wednesday, January 4, the company rating was initiated by Piper Jaffray. On Wednesday, December 16 the stock rating was initiated by Credit Suisse with “Outperform”. The company was initiated on Thursday, June 16 by Bernstein. The company was upgraded on Monday, November 14 by Bernstein. UBS upgraded Centene Corp (NYSE:CNC) rating on Monday, July 27. UBS has “Buy” rating and $80 target. Morgan Stanley initiated the stock with “Overweight” rating in Wednesday, June 7 report. The rating was initiated by Evercore with “Buy” on Friday, September 23.

Centene Corporation is a healthcare company. The company has market cap of $13.58 billion. The Firm provides a portfolio of services to government sponsored healthcare programs, focusing on under-insured and uninsured individuals. It has a 19.54 P/E ratio. The Firm operates through two divisions: Managed Care and Specialty Services.

Since January 11, 2017, it had 0 insider buys, and 11 insider sales for $4.90 million activity. $163,004 worth of Centene Corp (NYSE:CNC) shares were sold by BROOKS MARK J. On Friday, June 2 DITMORE ROBERT K sold $294,177 worth of Centene Corp (NYSE:CNC) or 3,900 shares. $336,603 worth of Centene Corp (NYSE:CNC) was sold by GEPHARDT Richard A. NEIDORFF MICHAEL F had sold 25,000 shares worth $1.88M on Thursday, April 6. 2,000 shares were sold by Schwaneke Jeffrey A., worth $137,040. BOWERS CHRISTOPHER D had sold 3,150 shares worth $215,492. 5,000 shares were sold by Hunter Jesse N, worth $347,700 on Monday, February 13.

AppFolio, Inc. is a provider of industry-specific, cloud software solutions for small and medium-sized businesses in the property management and legal industries. The company has market cap of $1.09 billion. The Company’s mobile-optimized software solutions enable its clients to work at any time and from anywhere across multiple devices. It currently has negative earnings. The Company’s property management software provides small and medium-sized property managers with an end-to-end solution to their business needs.

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