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4-Traders Homepage  >  Equities  >  Nyse  >  Centene Corp    CNC

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Centene Corp : Lundin Law PC Announces Securities Class Action Lawsuit against Centene Corp. and Encourages Investors with Losses to Contact the Firm

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12/01/2016 | 01:32am CET

LOS ANGELES, CA / ACCESSWIRE / November 30, 2016 / Lundin Law PC, a shareholder rights firm, announces a class action lawsuit against Centene Corp. ("Centene" or the "Company") (NYSE: CNC) concerning possible violations of federal securities laws between April 26, 2016 and September 6, 2016 inclusive (the "Class Period"). Investors who purchased or otherwise acquired shares during the Class Period should contact the firm prior to the January 13, 2017 lead plaintiff motion deadline.

To participate in this class action lawsuit, click here. You can also call Brian Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or e-mail him at brian@lundinlawpc.com.

No class has been certified in the above action. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.

According to the Complaint, Centene made materially false and misleading statements concerning the acquisition of Health Net, Inc. on March 24, 2016, as well as failed to disclose: that certain Health Net insurance programs were significantly underperforming, which led to the need to increase reserves to offset losses caused by these programs; that Centene overstated the financial prospects of Health Net; and that as a result of the above, the Company's statements, its business, operations, and prospects were false and misleading and/or lacked a reasonable basis at all relevant times. When this information was revealed to the public, the value of Centene fell, causing investors serious harm.

Lundin Law PC was founded by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders' rights.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.


Lundin Law PC
Brian Lundin, Esq.
Telephone: 888-713-1033
Facsimile: 888-713-1125

SOURCE: Lundin Law PC

© Accesswire 2016
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Financials ($)
Sales 2016 39 704 M
EBIT 2016 1 338 M
Net income 2016 473 M
Debt 2016 -
Yield 2016 -
P/E ratio 2016 19,29
P/E ratio 2017 13,55
Capi. / Sales 2016 0,25x
Capi. / Sales 2017 0,21x
Capitalization 9 823 M
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Duration : Period :
Centene Corp Technical Analysis Chart | CNC | US15135B1017 | 4-Traders
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Technical analysis trends CENTENE CORP
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 78,1 $
Spread / Average Target 36%
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Michael F. Neidorff Chairman, President & Chief Executive Officer
Jeffrey A. Schwaneke Chief Financial Officer & Executive Vice President
Ken Yamaguchi Chief Medical Officer & Executive Vice President
Mark J. Brooks Chief Information Officer & Senior Vice President
David L. Steward Independent Class II Director
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