Quantitative Investment Management Has Raised Its Gentex (GNTX) Stake by $3.33 Million; Centene (CNC) Position Held by Smith Asset Management Group Lp

June 20, 2018 - By Marguerite Chambers

Centene Corporation (NYSE:CNC) Logo

Smith Asset Management Group Lp increased its stake in Centene Corp (CNC) by 33.66% based on its latest 2018Q1 regulatory filing with the SEC. Smith Asset Management Group Lp bought 175,428 shares as the company’s stock rose 15.33% while stock markets declined. The hedge fund held 696,544 shares of the medical specialities company at the end of 2018Q1, valued at $74.88M, up from 521,116 at the end of the previous reported quarter. Smith Asset Management Group Lp who had been investing in Centene Corp for a number of months, seems to be bullish on the $25.73 billion market cap company. The stock increased 0.91% or $1.13 during the last trading session, reaching $125.4. About 132,442 shares traded. Centene Corporation (NYSE:CNC) has risen 57.37% since June 20, 2017 and is uptrending. It has outperformed by 44.80% the S&P500. Some Historical CNC News: 08/03/2018 – FTC: 20180826: Centene Corporation; CMG Holding Company, LLC; 22/05/2018 – CENTENE CORP SAYS ITS IOWA SUBSIDIARY, IOWA TOTAL CARE, INC., HAS BEEN TENTATIVELY AWARDED A STATEWIDE CONTRACT FOR IA HEALTH LINK PROGRAM; 15/03/2018 – Ex-Apple chief says Centene, RxAdvance partnership will drive better care with lower costs; 13/03/2018 – CENTENE CORP – RAVI IKA WILL CONTINUE IN HIS CURRENT ROLE AS CEO; 22/05/2018 – Centene Awarded Statewide Medicaid Contract In Iowa; 24/04/2018 – Centene 1Q Net $338M; 02/04/2018 – Centene Sees Entering Into Certain Undertakings With NY State Dept of Health As Part of Fidelis Care Deal; 09/05/2018 – llliniCare Health Recognized with Two Platinum Awards from Decision Health for Outstanding Achievement in Healthcare; 08/05/2018 – S&PGR Revises Centene Outlook To Positive From Stable; Affirms; 23/03/2018 – FTC: 20180865: Centene Corporation; MHM Services, Inc

Quantitative Investment Management Llc increased its stake in Gentex Corp (GNTX) by 88.95% based on its latest 2018Q1 regulatory filing with the SEC. Quantitative Investment Management Llc bought 144,900 shares as the company’s stock declined 0.21% with the market. The hedge fund held 307,800 shares of the o.e.m. company at the end of 2018Q1, valued at $7.09M, up from 162,900 at the end of the previous reported quarter. Quantitative Investment Management Llc who had been investing in Gentex Corp for a number of months, seems to be bullish on the $6.86B market cap company. The stock decreased 0.08% or $0.02 during the last trading session, reaching $25.05. About 221,678 shares traded. Gentex Corporation (NASDAQ:GNTX) has risen 23.70% since June 20, 2017 and is uptrending. It has outperformed by 11.13% the S&P500. Some Historical GNTX News: 20/04/2018 – GENTEX REAFFIRMS FORECAST FOR 2018, 2019 REV; 20/04/2018 – Gentex Closes Below 50-Day Moving Average: Technicals; 08/05/2018 – FCA US Honors Gentex for Supplier Performance; 21/03/2018 – Gentex at Company Marketing Hosted By B. Riley FBR, Inc. Today; 20/04/2018 – DJ Gentex Corporation, Inst Holders, 1Q 2018 (GNTX); 09/03/2018 Gentex Announces Capital Allocation Strategy, Additional Share Repurchase Authorization and 10% Increase in Quarterly Cash Div; 24/05/2018 – Gentex Announces Second Quarter 2018 Quarterly Cash Dividend; 09/03/2018 – GENTEX – CAPITAL ALLOCATION STRATEGY INCLUDES DEBT REPAYMENT OF $78 MLN DURING FIRST THREE QTRS OF 2018; 09/03/2018 – Gentex Targeted Share Repurchase Authorization of Approximately $425 million for Calendar Year 2018; 09/03/2018 – GENTEX – DIVIDEND INCREASE OF 10 PCT TO $.44 PER SHARE ANNUALLY IS NOW EFFECTIVE

Quantitative Investment Management Llc, which manages about $1.89B and $5.76 billion US Long portfolio, decreased its stake in Seagate Technology Plc (NASDAQ:STX) by 14,300 shares to 40,700 shares, valued at $2.38M in 2018Q1, according to the filing. It also reduced its holding in Robert Half International Inc (NYSE:RHI) by 39,600 shares in the quarter, leaving it with 47,100 shares, and cut its stake in Kraton Corp (NYSE:KRA).

Among 8 analysts covering Gentex Corp (NASDAQ:GNTX), 4 have Buy rating, 0 Sell and 4 Hold. Therefore 50% are positive. Gentex Corp had 26 analyst reports since October 20, 2015 according to SRatingsIntel. The stock of Gentex Corporation (NASDAQ:GNTX) earned “Neutral” rating by Susquehanna on Monday, December 19. Craig Hallum maintained Gentex Corporation (NASDAQ:GNTX) rating on Monday, January 29. Craig Hallum has “Hold” rating and $23.0 target. As per Wednesday, March 14, the company rating was maintained by Susquehanna. Robert W. Baird maintained it with “Buy” rating and $21.0 target in Friday, October 20 report. The rating was maintained by FBR Capital with “Buy” on Thursday, January 11. The firm earned “Neutral” rating on Tuesday, April 24 by JP Morgan. The rating was downgraded by Robert W. Baird to “Hold” on Tuesday, January 23. The firm has “Buy” rating by FBR Capital given on Tuesday, January 2. The firm has “Hold” rating by Susquehanna given on Sunday, April 22. KeyBanc Capital Markets maintained it with “Buy” rating and $25.0 target in Monday, November 13 report.

More news for Gentex Corporation (NASDAQ:GNTX) were recently published by: Globenewswire.com, which released: “Jaguar Land Rover Honors Gentex for Supplier Excellence” on June 14, 2018. Globenewswire.com‘s article titled: “New Research Coverage Highlights Sensient Technologies, OraSure Technologies, Gentex, Anixter International …” and published on June 19, 2018 is yet another important article.

Since January 29, 2018, it had 0 buys, and 9 insider sales for $24.82 million activity. $280,776 worth of stock was sold by Wallace James H on Tuesday, January 30. Nash Kevin C had sold 7,874 shares worth $184,282. Another trade for 7,220 shares valued at $170,823 was made by Ryan Scott P on Wednesday, January 31. The insider Hoekstra Peter sold $1.11M. 12,000 shares were sold by GOODE GARY F, worth $280,968. 26,000 shares valued at $611,341 were sold by MULDER JOHN A on Monday, January 29.

Investors sentiment decreased to 0.83 in 2018 Q1. Its down 0.05, from 0.88 in 2017Q4. It turned negative, as 30 investors sold GNTX shares while 154 reduced holdings. 52 funds opened positions while 100 raised stakes. 219.99 million shares or 0.26% more from 219.42 million shares in 2017Q4 were reported. Sigma Planning Corporation reported 0.03% of its portfolio in Gentex Corporation (NASDAQ:GNTX). Price T Rowe Associates Md owns 155,138 shares or 0% of their US portfolio. 79,575 were accumulated by Bowling Limited Liability Corporation. Lpl Financial Limited Liability Co reported 0% in Gentex Corporation (NASDAQ:GNTX). Bnp Paribas Asset Mgmt has invested 0.04% in Gentex Corporation (NASDAQ:GNTX). Hartford Investment Mngmt stated it has 0.03% in Gentex Corporation (NASDAQ:GNTX). Texas Permanent School Fund owns 181,670 shares. Riverbridge Prns Limited Company owns 5.08M shares. Point72 Asset Management LP accumulated 555,210 shares or 0.05% of the stock. 110 were accumulated by Brown Brothers Harriman. Wright Invsts Ser holds 0.44% or 55,935 shares in its portfolio. Griffin Asset Mngmt Inc stated it has 41,813 shares or 0.18% of all its holdings. 2,649 are held by Ftb Advsrs. Great West Life Assurance Com Can owns 0.01% invested in Gentex Corporation (NASDAQ:GNTX) for 216,956 shares. Grimes And Communications reported 0.71% stake.

Since January 8, 2018, it had 0 insider purchases, and 9 sales for $30.83 million activity. On Thursday, April 26 the insider Hunter Jesse N sold $541,700. NEIDORFF MICHAEL F had sold 250,000 shares worth $27.05 million. DITMORE ROBERT K had sold 8,750 shares worth $912,625. $490,896 worth of stock was sold by BOWERS CHRISTOPHER D on Monday, March 12. $425,955 worth of Centene Corporation (NYSE:CNC) was sold by BROOKS MARK J.

Smith Asset Management Group Lp, which manages about $2.91 billion and $3.04B US Long portfolio, decreased its stake in Boeing Co (NYSE:BA) by 36,796 shares to 275,681 shares, valued at $90.44 million in 2018Q1, according to the filing. It also reduced its holding in Ttec Holdings Inc by 35,100 shares in the quarter, leaving it with 41,210 shares, and cut its stake in Exact Sciences Corp (NASDAQ:EXAS).

Among 20 analysts covering Centene Corporation (NYSE:CNC), 16 have Buy rating, 1 Sell and 3 Hold. Therefore 80% are positive. Centene Corporation had 66 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was maintained by Cantor Fitzgerald on Tuesday, October 24 with “Buy”. The firm has “Neutral” rating by JP Morgan given on Monday, May 22. The stock of Centene Corporation (NYSE:CNC) earned “Market Perform” rating by Leerink Swann on Tuesday, February 13. The company was maintained on Wednesday, September 13 by Leerink Swann. The firm earned “Overweight” rating on Wednesday, February 8 by Barclays Capital. On Monday, June 18 the stock rating was maintained by Credit Suisse with “Neutral”. The firm has “Buy” rating by Jefferies given on Monday, December 18. Cantor Fitzgerald maintained it with “Buy” rating and $125.0 target in Tuesday, February 6 report. The firm has “Buy” rating given on Tuesday, September 5 by Jefferies. The stock has “Buy” rating by Cantor Fitzgerald on Thursday, December 14.

Investors sentiment decreased to 1.06 in 2018 Q1. Its down 0.13, from 1.19 in 2017Q4. It dived, as 41 investors sold CNC shares while 192 reduced holdings. 68 funds opened positions while 178 raised stakes. 149.01 million shares or 1.27% less from 150.93 million shares in 2017Q4 were reported. Sequoia Fincl Limited Liability Co has 0.24% invested in Centene Corporation (NYSE:CNC) for 21,720 shares. Hightower Ltd Co reported 94,382 shares. Zurcher Kantonalbank (Zurich Cantonalbank), a Switzerland-based fund reported 364,832 shares. Nuveen Asset Management Lc, a Illinois-based fund reported 345,415 shares. Clearbridge Ltd Llc has 421 shares. 100 were reported by Reilly Advisors Limited Liability Corp. Mason Street Limited Liability accumulated 24,167 shares. Snow Capital Limited Partnership holds 1.58% or 322,411 shares. State Of Alaska Department Of Revenue owns 38,367 shares for 0.09% of their portfolio. Moreover, Avalon Advisors Llc has 0.39% invested in Centene Corporation (NYSE:CNC) for 120,435 shares. Meeder Asset Mngmt Incorporated holds 5,700 shares. Bp Plc holds 0.08% of its portfolio in Centene Corporation (NYSE:CNC) for 20,000 shares. Bessemer Gru Inc Inc accumulated 0% or 750 shares. Omers Administration Corp accumulated 0.02% or 20,500 shares. Ajo Lp has invested 0.24% in Centene Corporation (NYSE:CNC).

Centene Corporation (NYSE:CNC) Institutional Positions Chart

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