Crossmark Global Holdings Inc. lessened its stake in Molina Healthcare, Inc. (NYSE:MOH) by 50.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,184 shares of the company’s stock after selling 4,342 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Molina Healthcare were worth $321,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. raised its stake in Molina Healthcare by 33.9% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 8,958 shares of the company’s stock valued at $616,000 after purchasing an additional 2,266 shares in the last quarter. Tavio Capital LLC raised its stake in Molina Healthcare by 418.0% in the third quarter. Tavio Capital LLC now owns 537,192 shares of the company’s stock valued at $36,937,000 after purchasing an additional 433,485 shares in the last quarter. Boston Advisors LLC acquired a new position in Molina Healthcare in the fourth quarter valued at about $1,318,000. Jana Partners LLC raised its stake in Molina Healthcare by 52.5% in the third quarter. Jana Partners LLC now owns 2,125,351 shares of the company’s stock valued at $146,139,000 after purchasing an additional 731,992 shares in the last quarter. Finally, Convergence Investment Partners LLC acquired a new position in Molina Healthcare in the fourth quarter valued at about $1,190,000. 96.22% of the stock is owned by institutional investors and hedge funds.
MOH has been the subject of a number of analyst reports. Jefferies Group boosted their price target on Molina Healthcare from $64.00 to $74.00 and gave the company a “hold” rating in a research note on Friday, November 3rd. Morgan Stanley boosted their price target on Molina Healthcare from $68.00 to $89.00 and gave the company an “overweight” rating in a research note on Friday, November 3rd. Zacks Investment Research raised Molina Healthcare from a “sell” rating to a “hold” rating in a research note on Monday, November 6th. ValuEngine raised Molina Healthcare from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Finally, Raymond James Financial reaffirmed a “hold” rating on shares of Molina Healthcare in a research note on Friday, December 8th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $73.73.
Molina Healthcare, Inc. (MOH) opened at $72.94 on Friday. Molina Healthcare, Inc. has a 12-month low of $42.56 and a 12-month high of $93.98. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.35 and a quick ratio of 1.29. The stock has a market capitalization of $4,160.00, a PE ratio of -9.03, a price-to-earnings-growth ratio of 1.27 and a beta of 1.10.
In other Molina Healthcare news, Director John C. Molina sold 5,385 shares of Molina Healthcare stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $92.88, for a total value of $500,158.80. Following the transaction, the director now owns 414,151 shares in the company, valued at $38,466,344.88. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John C. Molina sold 62,420 shares of Molina Healthcare stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $72.13, for a total value of $4,502,354.60. Following the completion of the transaction, the director now owns 393,410 shares in the company, valued at approximately $28,376,663.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 751,453 shares of company stock worth $59,343,324. Company insiders own 6.20% of the company’s stock.
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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, which includes its Pathways Health and Community Support LLC (Pathways) business.
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