Systematic Financial Management LP decreased its position in shares of Molina Healthcare, Inc. (NYSE:MOH) by 12.3% during the 4th quarter, HoldingsChannel reports. The fund owned 20,833 shares of the company’s stock after selling 2,930 shares during the period. Systematic Financial Management LP’s holdings in Molina Healthcare were worth $1,597,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Jana Partners LLC boosted its position in shares of Molina Healthcare by 52.5% during the 3rd quarter. Jana Partners LLC now owns 2,125,351 shares of the company’s stock worth $146,139,000 after acquiring an additional 731,992 shares in the last quarter. Iridian Asset Management LLC CT acquired a new stake in Molina Healthcare in the fourth quarter valued at approximately $128,179,000. Victory Capital Management Inc. boosted its position in Molina Healthcare by 36.0% in the fourth quarter. Victory Capital Management Inc. now owns 1,590,409 shares of the company’s stock valued at $121,953,000 after buying an additional 420,756 shares in the last quarter. Tiedemann Wealth Management LLC boosted its position in Molina Healthcare by 7.8% in the third quarter. Tiedemann Wealth Management LLC now owns 1,440,066 shares of the company’s stock valued at $135,000 after buying an additional 103,775 shares in the last quarter. Finally, Rothschild Asset Management Inc. boosted its position in Molina Healthcare by 6.1% in the third quarter. Rothschild Asset Management Inc. now owns 706,683 shares of the company’s stock valued at $48,592,000 after buying an additional 40,737 shares in the last quarter. Institutional investors and hedge funds own 96.22% of the company’s stock.
A number of analysts have weighed in on the stock. JPMorgan Chase & Co. cut their target price on shares of Molina Healthcare from $103.00 to $91.00 and set an “overweight” rating on the stock in a research report on Thursday, February 15th. BMO Capital Markets cut their target price on shares of Molina Healthcare from $98.00 to $85.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 14th. Morgan Stanley cut their target price on shares of Molina Healthcare from $94.00 to $91.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 14th. Jefferies Group restated a “hold” rating and issued a $80.00 target price on shares of Molina Healthcare in a research report on Wednesday, February 14th. Finally, Zacks Investment Research lowered shares of Molina Healthcare from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 9th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the stock. Molina Healthcare presently has an average rating of “Hold” and an average target price of $73.73.
In other news, Director John C. Molina sold 20,741 shares of Molina Healthcare stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $72.36, for a total transaction of $1,500,818.76. Following the transaction, the director now owns 393,410 shares in the company, valued at $28,467,147.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director J Mario Md Molina sold 15,000 shares of Molina Healthcare stock in a transaction on Monday, December 4th. The stock was sold at an average price of $78.52, for a total transaction of $1,177,800.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 731,515 shares of company stock worth $57,842,591. 6.20% of the stock is owned by company insiders.
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About Molina Healthcare
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, which includes its Pathways Health and Community Support LLC (Pathways) business.
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