Dimensional Fund Advisors LP Sells 9,083 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Dimensional Fund Advisors LP cut its stake in Molina Healthcare, Inc. (NYSE:MOH) by 2.0% in the second quarter, Holdings Channel.com reports. The firm owned 440,518 shares of the company’s stock after selling 9,083 shares during the period. Dimensional Fund Advisors LP’s holdings in Molina Healthcare were worth $132,688,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of MOH. EverSource Wealth Advisors LLC boosted its holdings in Molina Healthcare by 2,950.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 122 shares of the company’s stock valued at $33,000 after purchasing an additional 118 shares during the period. Coppell Advisory Solutions Corp. bought a new position in shares of Molina Healthcare during the 4th quarter worth about $34,000. Brown Brothers Harriman & Co. bought a new position in shares of Molina Healthcare during the 1st quarter worth about $40,000. Parkside Financial Bank & Trust lifted its holdings in shares of Molina Healthcare by 85.9% during the 1st quarter. Parkside Financial Bank & Trust now owns 132 shares of the company’s stock worth $44,000 after acquiring an additional 61 shares during the period. Finally, Cullen Frost Bankers Inc. bought a new position in shares of Molina Healthcare during the 2nd quarter worth about $51,000. 98.11% of the stock is owned by institutional investors.

Insider Buying and Selling at Molina Healthcare

In other Molina Healthcare news, Director Steven J. Orlando sold 1,134 shares of the firm’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $325.96, for a total value of $369,638.64. Following the completion of the sale, the director now owns 19,299 shares in the company, valued at approximately $6,290,702.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Steven J. Orlando sold 1,134 shares of Molina Healthcare stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $325.96, for a total transaction of $369,638.64. Following the completion of the sale, the director now owns 19,299 shares in the company, valued at approximately $6,290,702.04. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Maurice Hebert sold 692 shares of Molina Healthcare stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $328.15, for a total transaction of $227,079.80. Following the sale, the chief accounting officer now owns 8,528 shares of the company’s stock, valued at approximately $2,798,463.20. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

Molina Healthcare Trading Up 0.8 %

MOH opened at $356.28 on Tuesday. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $20.77 billion, a PE ratio of 22.21, a PEG ratio of 1.21 and a beta of 0.57. Molina Healthcare, Inc. has a 1-year low of $256.19 and a 1-year high of $369.50. The firm has a 50-day moving average price of $340.05 and a two-hundred day moving average price of $313.54.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings data on Wednesday, October 25th. The company reported $5.05 earnings per share for the quarter, beating the consensus estimate of $4.87 by $0.18. The firm had revenue of $8.55 billion during the quarter, compared to analysts’ expectations of $8.24 billion. Molina Healthcare had a net margin of 2.80% and a return on equity of 34.85%. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the company posted $4.36 EPS. As a group, equities analysts anticipate that Molina Healthcare, Inc. will post 20.83 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Bank of America raised their price objective on shares of Molina Healthcare from $340.00 to $350.00 in a report on Thursday, July 27th. StockNews.com raised shares of Molina Healthcare from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 12th. JPMorgan Chase & Co. raised their price objective on shares of Molina Healthcare from $367.00 to $392.00 and gave the stock an “overweight” rating in a report on Friday. Stephens reissued an “equal weight” rating and set a $350.00 price target on shares of Molina Healthcare in a report on Tuesday, October 3rd. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $359.00 price target on shares of Molina Healthcare in a report on Thursday, September 14th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Molina Healthcare presently has an average rating of “Moderate Buy” and a consensus price target of $348.45.

Molina Healthcare Company Profile

Molina Healthcare, Inc provides managed healthcare services to low-income families and individuals under the Medicaid and Medicare programs and through the state insurance marketplaces. It operates in four segments, Medicaid, Medicare, Marketplace, and Other. The company served in across 19 states. The company was founded in 1980 and is headquartered in Long Beach, California.