Shell Asset Management Co. cut its position in Molina Healthcare Inc. (NYSE:MOH) by 5.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,443 shares of the company’s stock after selling 1,565 shares during the period. Shell Asset Management Co.’s holdings in Molina Healthcare were worth $1,369,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in MOH. BlackRock Japan Co. Ltd increased its position in Molina Healthcare by 9.0% in the first quarter. BlackRock Japan Co. Ltd now owns 1,848 shares of the company’s stock worth $119,000 after buying an additional 152 shares in the last quarter. CT Mason increased its position in Molina Healthcare by 0.3% in the second quarter. CT Mason now owns 67,952 shares of the company’s stock worth $3,391,000 after buying an additional 189 shares in the last quarter. Mount Lucas Management LP increased its position in Molina Healthcare by 10.3% in the first quarter. Mount Lucas Management LP now owns 4,555 shares of the company’s stock worth $294,000 after buying an additional 427 shares in the last quarter. Aperio Group LLC increased its position in Molina Healthcare by 13.6% in the first quarter. Aperio Group LLC now owns 7,335 shares of the company’s stock worth $473,000 after buying an additional 879 shares in the last quarter. Finally, HBK Investments L P increased its position in Molina Healthcare by 11.9% in the first quarter. HBK Investments L P now owns 9,174 shares of the company’s stock worth $592,000 after buying an additional 974 shares in the last quarter. Hedge funds and other institutional investors own 87.58% of the company’s stock.
Shares of Molina Healthcare Inc. (NYSE:MOH) traded up 1.78% during midday trading on Friday, hitting $58.32. 415,007 shares of the stock traded hands. The company has a market capitalization of $3.31 billion, a PE ratio of 25.25 and a beta of 1.67. The firm’s 50 day moving average price is $56.30 and its 200 day moving average price is $55.11. Molina Healthcare Inc. has a 12-month low of $44.50 and a 12-month high of $70.82.
Molina Healthcare (NYSE:MOH) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.18. Molina Healthcare had a return on equity of 9.60% and a net margin of 0.83%. The business had revenue of $4.36 billion for the quarter, compared to analysts’ expectations of $4.35 billion. During the same quarter in the previous year, the business posted $0.72 EPS. Molina Healthcare’s revenue for the quarter was up 23.7% on a year-over-year basis. Analysts expect that Molina Healthcare Inc. will post $2.74 EPS for the current year.
A number of research firms recently commented on MOH. Jefferies Group restated a “buy” rating and issued a $63.00 price objective (down previously from $66.00) on shares of Molina Healthcare in a report on Thursday, July 28th. Leerink Swann restated a “buy” rating on shares of Molina Healthcare in a report on Thursday, July 28th. Cantor Fitzgerald restated a “hold” rating and issued a $55.00 price objective on shares of Molina Healthcare in a report on Friday, July 29th. Zacks Investment Research upgraded Molina Healthcare from a “sell” rating to a “hold” rating in a report on Tuesday, July 5th. Finally, Credit Suisse Group AG restated a “hold” rating on shares of Molina Healthcare in a report on Tuesday, June 28th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $62.80.
In other news, Director Ronna Romney sold 750 shares of Molina Healthcare stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $55.00, for a total transaction of $41,250.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Joseph W. Cpa White sold 6,676 shares of Molina Healthcare stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $58.48, for a total value of $390,412.48. The disclosure for this sale can be found here. Insiders own 6.89% of the company’s stock.
Molina Healthcare Company Profile
Molina Healthcare, Inc offers Medicaid-related solutions for low-income families and individuals, and assists government agencies in their administration of the Medicaid program. The Company operates through three segments: Health Plans, Molina Medicaid Solutions and Other. Its Health Plans segment consists of health plans in approximately 10 states and the Commonwealth of Puerto Rico, and its direct delivery business.
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