Professional
Added to YB: 2025-01-14
Pitch date: 2024-12-31
CNC [bullish]
Centene Corporation
-36.23%
current return
Author Info
No bio for this author
Company Info
Centene Corporation operates as a healthcare enterprise that provides programs and services to under-insured and uninsured families, and commercial organizations in the United States.
Market Cap
$19.0B
Pitch Price
$61.11
Price Target
N/A
Dividend
N/A
EV/EBITDA
4.90
P/E
-3.62
EV/Sales
0.12
Sector
Health Care Providers and Services
Category
turnaround
Heartland Mid Cap Value Fund Portfolio Holding: Centene Corporation
CNC: Underperforming due to Medicaid margin squeeze & ACA concerns. Mgmt projects MLR peak, 4.5-5% rate hikes. ACA risk $1/share vs $3-4 recovery potential in Medicaid/Medicare. 8.5x P/E, buybacks, operational improvements. Bipartisan ACA support growing. Insider buying signals confidence. Remain committed despite headwinds.
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