Jefferies Financial Group Inc. Raises Stake in Molina Healthcare, Inc. (NYSE:MOH)

Jefferies Financial Group Inc. boosted its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH) by 213.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 31,276 shares of the company’s stock after purchasing an additional 21,303 shares during the period. Jefferies Financial Group Inc. owned approximately 0.05% of Molina Healthcare worth $9,103,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wellington Management Group LLP boosted its holdings in shares of Molina Healthcare by 7.4% in the fourth quarter. Wellington Management Group LLP now owns 2,632,232 shares of the company’s stock valued at $766,111,000 after acquiring an additional 181,073 shares in the last quarter. FMR LLC boosted its holdings in shares of Molina Healthcare by 31.1% in the fourth quarter. FMR LLC now owns 1,801,113 shares of the company’s stock valued at $524,214,000 after acquiring an additional 427,276 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Molina Healthcare by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 1,436,909 shares of the company’s stock valued at $417,144,000 after acquiring an additional 34,992 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Molina Healthcare by 28.5% in the fourth quarter. Invesco Ltd. now owns 1,327,021 shares of the company’s stock valued at $386,229,000 after acquiring an additional 294,180 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Molina Healthcare by 15.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 688,245 shares of the company’s stock valued at $200,307,000 after acquiring an additional 91,229 shares in the last quarter. 98.50% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Richard M. Schapiro sold 669 shares of the business’s stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $320.50, for a total value of $214,414.50. Following the completion of the transaction, the director now owns 11,244 shares of the company’s stock, valued at $3,603,702. The trade was a 5.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Joseph M. Zubretsky sold 87,500 shares of the company’s stock in a transaction that occurred on Wednesday, April 30th. The stock was sold at an average price of $320.06, for a total transaction of $28,005,250.00. Following the transaction, the chief executive officer now directly owns 257,715 shares of the company’s stock, valued at $82,484,262.90. This trade represents a 25.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 89,169 shares of company stock valued at $28,520,995 over the last 90 days. Insiders own 1.10% of the company’s stock.

Molina Healthcare Stock Performance

Shares of MOH opened at $323.84 on Monday. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.69. The stock has a market cap of $17.55 billion, a P/E ratio of 15.85, a PEG ratio of 1.06 and a beta of 0.63. The company has a 50-day moving average of $324.73 and a two-hundred day moving average of $308.38. Molina Healthcare, Inc. has a 12-month low of $262.32 and a 12-month high of $365.23.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $6.08 earnings per share for the quarter, beating analysts’ consensus estimates of $5.96 by $0.12. The business had revenue of $11.15 billion during the quarter, compared to analyst estimates of $10.86 billion. Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. The company’s revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $5.73 earnings per share. As a group, research analysts predict that Molina Healthcare, Inc. will post 24.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on MOH shares. Stephens reaffirmed an “equal weight” rating and issued a $345.00 target price on shares of Molina Healthcare in a report on Thursday, February 6th. Guggenheim started coverage on shares of Molina Healthcare in a report on Wednesday, April 9th. They set a “neutral” rating on the stock. Barclays boosted their price objective on shares of Molina Healthcare from $339.00 to $362.00 and gave the stock an “equal weight” rating in a report on Friday, April 25th. Robert W. Baird reissued a “neutral” rating and set a $375.00 price objective (up previously from $331.00) on shares of Molina Healthcare in a report on Tuesday, April 15th. Finally, StockNews.com raised shares of Molina Healthcare from a “hold” rating to a “buy” rating in a report on Friday, April 11th. Nine equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $365.38.

About Molina Healthcare

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.