Cambiar Investors LLC trimmed its position in shares of Molina Healthcare Inc (NYSE:MOH) by 21.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 189,190 shares of the company’s stock after selling 50,385 shares during the period. Cambiar Investors LLC owned 0.33% of Molina Healthcare worth $13,009,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Eagle Asset Management Inc. bought a new position in Molina Healthcare during the second quarter valued at $7,007,000. State Board of Administration of Florida Retirement System boosted its holdings in shares of Molina Healthcare by 86.4% in the second quarter. State Board of Administration of Florida Retirement System now owns 40,338 shares of the company’s stock worth $2,791,000 after acquiring an additional 18,700 shares during the period. Pacer Advisors Inc. boosted its holdings in shares of Molina Healthcare by 5.1% in the second quarter. Pacer Advisors Inc. now owns 12,358 shares of the company’s stock worth $855,000 after acquiring an additional 598 shares during the period. Keybank National Association OH boosted its holdings in shares of Molina Healthcare by 10.5% in the second quarter. Keybank National Association OH now owns 41,333 shares of the company’s stock worth $2,859,000 after acquiring an additional 3,929 shares during the period. Finally, Scout Investments Inc. boosted its holdings in shares of Molina Healthcare by 36.6% in the second quarter. Scout Investments Inc. now owns 614,535 shares of the company’s stock worth $42,514,000 after acquiring an additional 164,677 shares during the period. 95.04% of the stock is owned by institutional investors and hedge funds.
Molina Healthcare Inc (MOH) traded up $1.01 during trading on Tuesday, reaching $77.91. The company’s stock had a trading volume of 874,400 shares, compared to its average volume of 1,272,789. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.29 and a current ratio of 1.29. The company has a market cap of $4,390.53, a PE ratio of 23.88 and a beta of 0.91. Molina Healthcare Inc has a fifty-two week low of $42.56 and a fifty-two week high of $80.65.
Molina Healthcare (NYSE:MOH) last posted its quarterly earnings data on Thursday, November 2nd. The company reported ($1.62) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($1.85). The firm had revenue of $5.03 billion for the quarter, compared to the consensus estimate of $4.95 billion. Molina Healthcare had a negative net margin of 1.76% and a positive return on equity of 17.76%. The business’s revenue was up 10.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.85 earnings per share. equities analysts forecast that Molina Healthcare Inc will post -3.88 EPS for the current year.
A number of research firms have recently commented on MOH. ValuEngine raised Molina Healthcare from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Zacks Investment Research raised Molina Healthcare from a “sell” rating to a “hold” rating in a report on Monday, November 6th. Morgan Stanley raised their price target on Molina Healthcare from $68.00 to $89.00 and gave the stock an “overweight” rating in a report on Friday, November 3rd. Jefferies Group LLC raised their price target on Molina Healthcare from $64.00 to $74.00 and gave the stock a “hold” rating in a report on Friday, November 3rd. Finally, Wolfe Research raised Molina Healthcare from a “market perform” rating to an “outperform” rating in a report on Monday, October 23rd. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $64.30.
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In other news, Director Daniel Cooperman sold 4,500 shares of Molina Healthcare stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $78.79, for a total transaction of $354,555.00. Following the completion of the transaction, the director now directly owns 9,087 shares in the company, valued at $715,964.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director J Mario Md Molina sold 15,000 shares of Molina Healthcare stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $64.75, for a total transaction of $971,250.00. The disclosure for this sale can be found here. Insiders have sold 373,458 shares of company stock valued at $24,394,739 over the last quarter. Company insiders own 6.20% of the company’s stock.
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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