KCM Investment Advisors LLC Purchases New Holdings in Molina Healthcare Inc (MOH)

KCM Investment Advisors LLC purchased a new position in shares of Molina Healthcare Inc (NYSE:MOH) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 5,578 shares of the company’s stock, valued at approximately $386,000.

Other institutional investors have also recently added to or reduced their stakes in the company. LS Investment Advisors LLC raised its holdings in Molina Healthcare by 40.9% during the 2nd quarter. LS Investment Advisors LLC now owns 1,829 shares of the company’s stock worth $127,000 after purchasing an additional 531 shares during the last quarter. Meeder Asset Management Inc. bought a new position in Molina Healthcare during the 2nd quarter worth approximately $136,000. Meadow Creek Investment Management LLC raised its holdings in Molina Healthcare by 13.2% during the 1st quarter. Meadow Creek Investment Management LLC now owns 2,408 shares of the company’s stock worth $110,000 after purchasing an additional 280 shares during the last quarter. Riverhead Capital Management LLC raised its holdings in Molina Healthcare by 64.2% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,463 shares of the company’s stock worth $170,000 after purchasing an additional 963 shares during the last quarter. Finally, Glen Harbor Capital Management LLC raised its holdings in Molina Healthcare by 13.2% during the 1st quarter. Glen Harbor Capital Management LLC now owns 2,924 shares of the company’s stock worth $133,000 after purchasing an additional 340 shares during the last quarter. Hedge funds and other institutional investors own 96.04% of the company’s stock.

Shares of Molina Healthcare Inc (NYSE:MOH) opened at 66.62 on Friday. The firm’s market cap is $3.81 billion. Molina Healthcare Inc has a 52-week low of $42.56 and a 52-week high of $72.79. The company has a 50-day moving average of $62.47 and a 200 day moving average of $60.18.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings data on Wednesday, August 2nd. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.87). The firm had revenue of $5 billion during the quarter, compared to the consensus estimate of $4.88 billion. Molina Healthcare had a positive return on equity of 16.10% and a negative net margin of 1.07%. Molina Healthcare’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.67 EPS. On average, equities analysts expect that Molina Healthcare Inc will post ($2.96) earnings per share for the current year.

In other Molina Healthcare news, insider William Dentino sold 66,000 shares of the stock in a transaction on Thursday, July 6th. The stock was sold at an average price of $68.68, for a total value of $4,532,880.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John C. Molina sold 15,208 shares of the stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $65.79, for a total value of $1,000,534.32. Following the completion of the transaction, the director now owns 585,859 shares of the company’s stock, valued at approximately $38,543,663.61. The disclosure for this sale can be found here. In the last quarter, insiders sold 314,323 shares of company stock valued at $20,373,701. 6.20% of the stock is owned by corporate insiders.

ILLEGAL ACTIVITY WARNING: This piece was posted by Transcript Daily and is owned by of Transcript Daily. If you are reading this piece on another website, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The original version of this piece can be read at https://transcriptdaily.com/2017/09/17/kcm-investment-advisors-llc-purchases-new-holdings-in-molina-healthcare-inc-moh.html.

MOH has been the subject of several analyst reports. Stifel Nicolaus lowered shares of Molina Healthcare from a “hold” rating to a “sell” rating and raised their price target for the stock from $47.00 to $60.00 in a report on Wednesday, May 31st. ValuEngine upgraded shares of Molina Healthcare from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Morgan Stanley initiated coverage on shares of Molina Healthcare in a report on Tuesday, June 6th. They set an “underweight” rating and a $65.00 price target for the company. Jefferies Group LLC restated a “hold” rating and set a $61.00 price target on shares of Molina Healthcare in a report on Thursday, June 8th. Finally, Zacks Investment Research lowered shares of Molina Healthcare from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $62.39.

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.

Want to see what other hedge funds are holding MOH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Molina Healthcare Inc (NYSE:MOH).

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

Receive News & Ratings for Molina Healthcare Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Molina Healthcare Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply