Molina Healthcare, Inc. (MOH) Stake Lessened by Sterling Capital Management LLC

Sterling Capital Management LLC lessened its stake in shares of Molina Healthcare, Inc. (NYSE:MOH) by 15.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,030 shares of the company’s stock after selling 3,916 shares during the quarter. Sterling Capital Management LLC’s holdings in Molina Healthcare were worth $1,613,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. MetLife Investment Advisors LLC purchased a new stake in shares of Molina Healthcare during the 4th quarter valued at about $3,653,000. Vident Investment Advisory LLC boosted its holdings in shares of Molina Healthcare by 6.5% during the 4th quarter. Vident Investment Advisory LLC now owns 32,296 shares of the company’s stock valued at $2,476,000 after acquiring an additional 1,969 shares during the last quarter. PEAK6 Investments L.P. boosted its holdings in shares of Molina Healthcare by 187.1% during the 4th quarter. PEAK6 Investments L.P. now owns 4,140 shares of the company’s stock valued at $317,000 after acquiring an additional 2,698 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Molina Healthcare by 194.9% during the 4th quarter. Millennium Management LLC now owns 538,181 shares of the company’s stock valued at $41,268,000 after acquiring an additional 355,663 shares during the last quarter. Finally, Meadow Creek Investment Management LLC boosted its holdings in shares of Molina Healthcare by 22.9% during the 4th quarter. Meadow Creek Investment Management LLC now owns 5,404 shares of the company’s stock valued at $414,000 after acquiring an additional 1,008 shares during the last quarter. 96.22% of the stock is currently owned by hedge funds and other institutional investors.

Molina Healthcare, Inc. (MOH) opened at $74.60 on Monday. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.13. Molina Healthcare, Inc. has a 1-year low of $42.68 and a 1-year high of $93.98. The firm has a market cap of $4,455.63, a P/E ratio of -8.27, a price-to-earnings-growth ratio of 1.32 and a beta of 1.28.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings results on Monday, February 12th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.11. Molina Healthcare had a negative net margin of 2.58% and a positive return on equity of 17.64%. The business had revenue of $4.95 billion for the quarter, compared to the consensus estimate of $4.96 billion. equities research analysts forecast that Molina Healthcare, Inc. will post 3.68 EPS for the current fiscal year.

In other Molina Healthcare news, Director John C. Molina sold 19,433 shares of Molina Healthcare stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $77.22, for a total transaction of $1,500,616.26. Following the transaction, the director now owns 414,915 shares of the company’s stock, valued at $32,039,736.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Terry Bayer sold 2,804 shares of Molina Healthcare stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $91.63, for a total transaction of $256,930.52. Following the transaction, the chief operating officer now directly owns 70,092 shares in the company, valued at approximately $6,422,529.96. The disclosure for this sale can be found here. Insiders have sold 360,140 shares of company stock worth $30,179,670 in the last ninety days. Insiders own 0.65% of the company’s stock.

A number of analysts have recently issued reports on MOH shares. Goldman Sachs started coverage on shares of Molina Healthcare in a report on Wednesday, January 3rd. They set a “neutral” rating and a $83.00 price target on the stock. ValuEngine downgraded shares of Molina Healthcare from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Piper Jaffray raised their price objective on shares of Molina Healthcare to $92.00 and gave the stock an “overweight” rating in a report on Tuesday, March 20th. JPMorgan Chase & Co. dropped their price objective on shares of Molina Healthcare from $103.00 to $91.00 and set an “overweight” rating on the stock in a report on Thursday, February 15th. Finally, Zacks Investment Research raised shares of Molina Healthcare from a “hold” rating to a “strong-buy” rating and set a $88.00 price objective on the stock in a report on Tuesday, January 2nd. Three analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $78.50.

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Molina Healthcare 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, which includes its Pathways Health and Community Support LLC (Pathways) business.

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Institutional Ownership by Quarter for Molina Healthcare (NYSE:MOH)

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