Tdam Usa Position in M & T Bk (MTB) Raised as Market Valuation Rose; As Centene (CNC) Market Valuation Declined, Holder Nuwave Investment Management Cut Its Stake by $386,860

M&T Bank Corporation (NYSE:MTB) Logo

Nuwave Investment Management Llc decreased its stake in Centene Corp (CNC) by 95.32% based on its latest 2018Q4 regulatory filing with the SEC. Nuwave Investment Management Llc sold 3,364 shares as the company’s stock declined 16.85% while stock markets rallied. The hedge fund held 165 shares of the medical specialities company at the end of 2018Q4, valued at $19,000, down from 3,529 at the end of the previous reported quarter. Nuwave Investment Management Llc who had been investing in Centene Corp for a number of months, seems to be less bullish one the $24.44B market cap company. The stock decreased 0.39% or $0.23 during the last trading session, reaching $59.15. About 4.06M shares traded or 12.63% up from the average. Centene Corporation (NYSE:CNC) has risen 17.34% since March 17, 2018 and is uptrending. It has outperformed by 12.97% the S&P500. Some Historical CNC News: 15/03/2018 – Ex-Apple chief: Centene partnership with pharmacy start-up will drive better care with lower costs; 24/04/2018 – CENTENE CONCLUDES EARNINGS CALL; 09/05/2018 – CENTENE CORP – OFFERING WAS UPSIZED FROM PREVIOUSLY ANNOUNCED $1.7 BLN OF NOTES; 02/04/2018 – Centene: On Closing, Fidelis Care to Operate as For-Profit Health Insurer in New York; 24/04/2018 – CENTENE CORP SEES FY 2018 GAAP DILUTED EPS $4.36 TO $4.70; 09/05/2018 – llliniCare Health Recognized with Two Platinum Awards from Decision Health for Outstanding Achievement in Healthcare; 02/04/2018 – CENTENE – AS PART OF REGULATORY APPROVAL PROCESS FOR FIDELIS CARE DEAL, IT IS EXPECTED THAT CO WILL ENTER UNDERTAKINGS WITH NY STATE DEPT. OF HEALTH; 24/04/2018 – CENTENE SEES FY ADJ EPS $6.75 TO $7.15; 02/04/2018 – CENTENE CORP – UPON CLOSING OF FIDELIS CARE DEAL, FIDELIS CARE WILL OPERATE AS A FOR-PROFIT HEALTH INSURER IN NEW YORK; 18/05/2018 – CENTENE – CONTRACT WILL BE ADMINISTERED BY COUNTY’S DEPARTMENT OF BEHAVIORAL HEALTH AND IS EXPECTED TO COMMENCE JULY 1, 2018

Tdam Usa Inc increased its stake in M & T Bk Corp (MTB) by 1992.98% based on its latest 2018Q4 regulatory filing with the SEC. Tdam Usa Inc bought 40,577 shares as the company’s stock rose 2.61% with the market. The institutional investor held 42,613 shares of the major banks company at the end of 2018Q4, valued at $6.10 million, up from 2,036 at the end of the previous reported quarter. Tdam Usa Inc who had been investing in M & T Bk Corp for a number of months, seems to be bullish on the $23.89 billion market cap company. The stock decreased 0.47% or $0.81 during the last trading session, reaching $172.52. About 1.35M shares traded or 44.40% up from the average. M&T Bank Corporation (NYSE:MTB) has declined 8.48% since March 17, 2018 and is downtrending. It has underperformed by 12.85% the S&P500. Some Historical MTB News: 14/05/2018 – Consolidated Research: 2018 Summary Expectations for Packaging Corporation of America, M&T Bank, Pinnacle West Capital, Agnico; 16/04/2018 – M&T BANK CORP – TANGIBLE EQUITY PER COMMON SHARE WAS $66.99 AT MARCH 31, 2018, COMPARED WITH $67.16 AT MARCH 31, 2017; 15/05/2018 – M&T BANK BOOSTS QTR DIV TO 80C/SHR FROM 75C, EST. 80C; 22/03/2018 – INDIA SUBRAMANIAN SEES OIL PRICES TO REMAIN AT $55-$60/BBL M/T; 16/04/2018 – M&T BANK – INCREASED RESERVE FOR LITIGATION MATTERS REDUCED QTRLY NET INCOME BY $0.68/SHARE; 30/05/2018 – FMC Announces Appointment of Sara Ponessa as General Counsel for FMC Lithium; 16/04/2018 – M&T Bank 1Q Noninterest Income $459M; 03/05/2018 – TOP Ships Inc. Announces Extension of Time Charter of M/T Eco Fleet; 12/04/2018 – M&T BANK CORP MTB.N : BERNSTEIN RAISES TARGET PRICE TO $200 FROM $194; 16/04/2018 – M&T 1Q PROVISION FOR CREDIT LOSSES $43M, EST. $43.8M

More important recent Centene Corporation (NYSE:CNC) news were published by: Globenewswire.com which released: “Report: Developing Opportunities within Gray Television, Terex, Marriott International, Philip Morris International, Nordstrom, and Centene — Future Expectations, Projections Moving into 2019 – GlobeNewswire” on March 05, 2019, also Gurufocus.com published article titled: “Health Care Stocks Are Big Winners for an Aging Population – GuruFocus.com”, Bizjournals.com published: “Centene CEO visits planned Natomas campus – Sacramento Business Journal” on February 21, 2019. More interesting news about Centene Corporation (NYSE:CNC) was released by: Bizjournals.com and their article: “A national health care giant seeks a chunk of the Portland metro Medicaid business – Portland Business Journal” with publication date: February 20, 2019.

Nuwave Investment Management Llc, which manages about $246.42M and $58.56M US Long portfolio, upped its stake in Xcel Energy Inc (NYSE:XEL) by 8,036 shares to 8,281 shares, valued at $408,000 in 2018Q4, according to the filing. It also increased its holding in Aptiv Plc by 6,033 shares in the quarter, for a total of 6,059 shares, and has risen its stake in Republic Services Inc (NYSE:RSG).

Analysts await Centene Corporation (NYSE:CNC) to report earnings on April, 23 before the open. They expect $1.32 earnings per share, up 21.10% or $0.23 from last year’s $1.09 per share. CNC’s profit will be $545.38 million for 11.20 P/E if the $1.32 EPS becomes a reality. After $0.69 actual earnings per share reported by Centene Corporation for the previous quarter, Wall Street now forecasts 91.30% EPS growth.

Since September 28, 2018, it had 0 buys, and 5 insider sales for $4.25 million activity. $1.94 million worth of Centene Corporation (NYSE:CNC) was sold by DITMORE ROBERT K on Thursday, October 25. The insider Hunter Jesse N sold 10,000 shares worth $1.21M. $290,000 worth of stock was sold by Williamson Keith H on Friday, September 28. BROOKS MARK J sold $308,000 worth of stock or 2,540 shares.

Investors sentiment increased to 1 in 2018 Q4. Its up 0.11, from 0.89 in 2018Q3. It improved, as 55 investors sold CNC shares while 211 reduced holdings. 79 funds opened positions while 187 raised stakes. 186.41 million shares or 6.67% more from 174.76 million shares in 2018Q3 were reported. Robeco Institutional Asset Mgmt Bv holds 78,151 shares or 0.04% of its portfolio. Germany-based Commerzbank Aktiengesellschaft Fi has invested 0.01% in Centene Corporation (NYSE:CNC). Contravisory Inv Management, Massachusetts-based fund reported 176 shares. Moreover, Panagora Asset has 0.01% invested in Centene Corporation (NYSE:CNC) for 15,433 shares. 42,879 are owned by Advsrs Asset Mngmt. Wisconsin-based Northwestern Mutual Wealth Mngmt has invested 0% in Centene Corporation (NYSE:CNC). Lmr Prns Ltd Liability Partnership has invested 0.09% in Centene Corporation (NYSE:CNC). M&T Fincl Bank holds 0.01% of its portfolio in Centene Corporation (NYSE:CNC) for 12,620 shares. Moody Savings Bank Division, a Texas-based fund reported 166 shares. Mutual Of America Mngmt Limited Liability Corporation has invested 0.08% in Centene Corporation (NYSE:CNC). Kbc Nv stated it has 26,077 shares. Clarivest Asset Ltd owns 259,096 shares. Hollencrest Capital Mngmt holds 0.03% of its portfolio in Centene Corporation (NYSE:CNC) for 2,018 shares. Chase Inv Counsel reported 1.82% stake. Tdam Usa owns 84,533 shares or 0.71% of their US portfolio.

More notable recent M&T Bank Corporation (NYSE:MTB) news were published by: Benzinga.com which released: “Benzinga’s Top Upgrades, Downgrades For February 21, 2019 – Benzinga” on February 21, 2019, also Seekingalpha.com with their article: “Human exec moves to M&T Bank – Seeking Alpha” published on November 19, 2018, Bizjournals.com published: “Buffalo’s biggest bank on list of ‘World’s Best Banks’ – Buffalo – Buffalo Business First” on March 05, 2019. More interesting news about M&T Bank Corporation (NYSE:MTB) were released by: Bizjournals.com and their article: “HSBC Bank wants to open a branch in Depew, more than six years after selling local retail network – Buffalo – Buffalo Business First” published on March 01, 2019 as well as Bizjournals.com‘s news article titled: “SBA lending in WNY still lags, but gap in dollars is closing – Buffalo – Buffalo Business First” with publication date: March 04, 2019.

Since October 31, 2018, it had 0 insider purchases, and 9 insider sales for $2.46 million activity. Ledgett Richard H. Jr. had sold 500 shares worth $84,200. King Darren J had sold 10,000 shares worth $1.65 million. Siddique Sabeth also sold $153,264 worth of M&T Bank Corporation (NYSE:MTB) shares. Bojdak Robert J sold $153,643 worth of stock or 934 shares. Meister Doris P. sold $133,792 worth of M&T Bank Corporation (NYSE:MTB) on Friday, November 9.

Tdam Usa Inc, which manages about $16.26B and $1.38 billion US Long portfolio, decreased its stake in Bruker Corp (NASDAQ:BRKR) by 14,449 shares to 36,783 shares, valued at $1.10 million in 2018Q4, according to the filing. It also reduced its holding in Valvoline Inc by 26,906 shares in the quarter, leaving it with 60,972 shares, and cut its stake in Ecolab Inc (NYSE:ECL).

Investors sentiment decreased to 1.03 in Q4 2018. Its down 0.13, from 1.16 in 2018Q3. It worsened, as 36 investors sold MTB shares while 187 reduced holdings. 61 funds opened positions while 169 raised stakes. 108.97 million shares or 0.22% more from 108.74 million shares in 2018Q3 were reported. Ls Invest Advisors Limited Liability Co has 6,139 shares. Bancorporation Of America De has 0.02% invested in M&T Bank Corporation (NYSE:MTB) for 600,814 shares. Great West Life Assurance Commerce Can owns 95,348 shares or 0.04% of their US portfolio. The Pennsylvania-based Sei Investments has invested 0.02% in M&T Bank Corporation (NYSE:MTB). Teachers Retirement Of The State Of Kentucky reported 0.07% stake. Citigroup stated it has 90,241 shares. 293 are owned by Thompson Siegel Walmsley Limited Liability Com. 526,792 are owned by Balyasny Asset Mngmt Limited Liability Company. Cullen Frost Bankers invested 0.01% of its portfolio in M&T Bank Corporation (NYSE:MTB). Adage Ptnrs Ltd holds 87,890 shares or 0.03% of its portfolio. Amica Mutual invested 0.09% of its portfolio in M&T Bank Corporation (NYSE:MTB). Prtnrs Capital invested in 5,440 shares or 0.26% of the stock. The New Mexico-based New Mexico Educational Retirement Board has invested 0.08% in M&T Bank Corporation (NYSE:MTB). Meiji Yasuda Asset Mgmt Ltd stated it has 8,301 shares. 105 are owned by 1832 Asset Management Limited Partnership.

Centene Corporation (NYSE:CNC) Institutional Positions Chart