Centene Corporation (CNC)'s Four Star Rating Matters, Says Jim Cramer

We recently published 13 Latest Stocks on Jim Cramer’s Radar. Centene Corporation (NYSE:CNC) is one of the stocks Jim Cramer recently discussed.

Centene Corporation (NYSE:CNC) is one of the biggest healthcare benefits managers in America. Cramer has discussed the stock several times this year, and in some of his remarks, he has either remained pessimistic or warned about the impact of Medicaid cuts on the firm. However, after Centene Corporation (NYSE:CNC)’s shares closed 9% higher today due to what media reports ascribed as catalysts resulting from the firm maintaining its annual profit forecast and Medicare ratings, to signal that it might not suffer from healthcare revenue drops, Cramer took a slightly positive tone for Centene Corporation (NYSE:CNC). The firm’s earnings report also saw it share that it had managed to maintain rates for Affordable Care Act coverage. Here is what Cramer said about the firm:

“Four star Centene. Those things matter. And at Centene, the late Michael Neidorff, he always had that company making money but also lower than all the other companies for Medicaid. Something worth thinking about.”

Previously, Cramer commented on Centene Corporation (NYSE:CNC) in July. Since then, the shares have gained 33%:

“I mean Centene last week, that stock has just been one of the most horrible stocks in the group.”

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Disclosure: None. This article is originally published at Insider Monkey.