Molina Healthcare, Inc. (NYSE:MOH) Shares Sold by Amalgamated Bank

Amalgamated Bank lowered its holdings in Molina Healthcare, Inc. (NYSE:MOH) by 3.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,547 shares of the company’s stock after selling 453 shares during the period. Amalgamated Bank’s holdings in Molina Healthcare were worth $3,361,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of MOH. Y Intercept Hong Kong Ltd grew its position in shares of Molina Healthcare by 163.4% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 8,343 shares of the company’s stock worth $2,428,000 after buying an additional 5,175 shares in the last quarter. Fisher Funds Management LTD bought a new position in Molina Healthcare during the 4th quarter valued at $2,857,000. Oxbow Advisors LLC grew its holdings in Molina Healthcare by 1.3% during the 4th quarter. Oxbow Advisors LLC now owns 7,313 shares of the company’s stock worth $2,128,000 after acquiring an additional 96 shares in the last quarter. JLB & Associates Inc. increased its position in shares of Molina Healthcare by 3.1% in the 4th quarter. JLB & Associates Inc. now owns 10,590 shares of the company’s stock worth $3,082,000 after purchasing an additional 317 shares during the last quarter. Finally, Ieq Capital LLC raised its stake in shares of Molina Healthcare by 762.7% in the 4th quarter. Ieq Capital LLC now owns 21,489 shares of the company’s stock valued at $6,254,000 after purchasing an additional 18,998 shares in the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on MOH. Stephens reiterated an “equal weight” rating and issued a $345.00 price target on shares of Molina Healthcare in a research note on Thursday, February 6th. Wells Fargo & Company lifted their target price on Molina Healthcare from $360.00 to $362.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $350.00 price target (down from $378.00) on shares of Molina Healthcare in a research report on Tuesday, December 17th. UBS Group decreased their price objective on shares of Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating for the company in a report on Friday, February 7th. Finally, Barclays dropped their target price on shares of Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating on the stock in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $353.17.

Molina Healthcare Trading Up 2.9 %

Molina Healthcare stock opened at $301.45 on Friday. Molina Healthcare, Inc. has a 52-week low of $262.32 and a 52-week high of $423.92. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $16.73 billion, a price-to-earnings ratio of 14.76, a PEG ratio of 1.06 and a beta of 0.54. The firm has a 50-day moving average price of $293.26 and a two-hundred day moving average price of $312.94.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $5.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.74 by ($0.69). Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. Sell-side analysts expect that Molina Healthcare, Inc. will post 24.4 earnings per share for the current year.

Molina Healthcare 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.