Skip to main content

Centene Corporation



) pushed the Health Services industry higher today making it today's featured health services winner. The industry as a whole closed the day down 1.4%. By the end of trading, Centene Corporation rose 56 cents (1.9%) to $30.46 on average volume. Throughout the day, two million shares of Centene Corporation exchanged hands as compared to its average daily volume of 1.3 million shares. The stock ranged in a price between $29.81-$31.06 after having opened the day at $29.94 as compared to the previous trading day's close of $29.90. Other companies within the Health Services industry that increased today were:

Sun Healthcare Group



), up 36.8%,

Graymark Healthcare



), up 18%,

CombiMatrix Corporation



), up 17.9%, and

TheStreet Recommends

BioMimetic Therapeutics



), up 16.7%.

  • ACTIVE STOCK TRADERS: Check out TheStreet's special offer for Real Money, headlined by Jim Cramer, now!

Centene Corporation operates as a multiline healthcare company in the United States. It operates through two segments, Medicaid Managed Care and Specialty Services. Centene Corporation has a market cap of $1.5 billion and is part of the

health care

sector. The company has a P/E ratio of 13.8, equal to the average health services industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 26.6% year to date as of the close of trading on Wednesday. Currently there are seven analysts that rate Centene Corporation a buy, one analyst rates it a sell, and seven rate it a hold.

TheStreet Ratings rates Centene Corporation as a


. The company's strengths can be seen in multiple areas, such as its robust revenue growth, reasonable valuation levels, largely solid financial position with reasonable debt levels by most measures and increase in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the negative front,

Dynacq Healthcare



), down 17%,




), down 15%,

Rockwell Medical Technology



), down 11%, and




), down 9.4%, were all losers within the health services industry with

Express Scripts



) being today's health services industry loser.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the health services industry could consider

Health Care Select Sector SPDR



) while those bearish on the health services industry could consider

ProShares Ultra Short Health Care