Added to YB: 2025-02-21
Pitch date: 2024-12-31
CNC [bullish]
Centene Corporation
-33.15%
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 Advisors Mid Cap Value Fund Portfolio Holding: Centene Corporation
CNC: Medicaid MLR peaking, 4.5-5% rate hikes. ACA risk $1/sh vs $3-4/sh Medicaid/Medicare upside. 8.5x P/E, buybacks, streamlining. CBO report: no ACA credit cuts. Strong bipartisan support in red states. Insider buying signals compelling valuation. Underperformed on utilization, election fears.
Read full article (2 min)