Two Sigma Investments LP Makes New Investment in Molina Healthcare, Inc. (NYSE:MOH)

Two Sigma Investments LP bought a new stake in shares of Molina Healthcare, Inc. (NYSE:MOH) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 151,518 shares of the company’s stock, valued at approximately $44,099,000.

Other large investors also recently made changes to their positions in the company. Tributary Capital Management LLC boosted its position in Molina Healthcare by 76.1% during the 4th quarter. Tributary Capital Management LLC now owns 4,190 shares of the company’s stock worth $1,219,000 after acquiring an additional 1,811 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of Molina Healthcare by 123.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 347 shares of the company’s stock worth $100,000 after purchasing an additional 192 shares during the last quarter. SYM FINANCIAL Corp acquired a new position in Molina Healthcare in the fourth quarter worth approximately $249,000. Summit Trail Advisors LLC acquired a new stake in shares of Molina Healthcare during the 4th quarter valued at $452,000. Finally, Entropy Technologies LP boosted its stake in shares of Molina Healthcare by 58.1% during the 4th quarter. Entropy Technologies LP now owns 4,594 shares of the company’s stock worth $1,337,000 after acquiring an additional 1,688 shares in the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Baird R W lowered Molina Healthcare from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 15th. Mizuho lifted their price target on Molina Healthcare from $376.00 to $400.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 9th. Guggenheim started coverage on Molina Healthcare in a report on Wednesday, April 9th. They set a “neutral” rating on the stock. Robert W. Baird reiterated a “neutral” rating and issued a $375.00 target price (up from $331.00) on shares of Molina Healthcare in a report on Tuesday, April 15th. Finally, Wells Fargo & Company raised shares of Molina Healthcare from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $295.00 to $372.00 in a research report on Wednesday, March 5th. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $365.38.

Insider Activity at Molina Healthcare

In related news, Director Richard M. Schapiro sold 669 shares of Molina Healthcare stock in a transaction 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 sale, the director now owns 11,244 shares of the company’s stock, valued at approximately $3,603,702. The trade was a 5.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Joseph M. Zubretsky sold 87,500 shares of the company’s stock in a transaction 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 completion of the sale, the chief executive officer now owns 257,715 shares of the company’s stock, valued at $82,484,262.90. This represents a 25.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 89,169 shares of company stock valued at $28,520,995. Insiders own 1.10% of the company’s stock.

Molina Healthcare Price Performance

NYSE MOH opened at $326.38 on Wednesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.62 and a quick ratio of 1.62. The firm has a market capitalization of $17.69 billion, a price-to-earnings ratio of 15.98, a price-to-earnings-growth ratio of 1.06 and a beta of 0.63. The company has a 50 day simple moving average of $324.59 and a 200-day simple moving average of $308.35. Molina Healthcare, Inc. has a 52-week low of $262.32 and a 52-week high of $365.23.

Molina Healthcare (NYSE:MOH) last released its earnings results on Wednesday, April 23rd. The company reported $6.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.96 by $0.12. Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. The company had revenue of $11.15 billion during the quarter, compared to the consensus estimate of $10.86 billion. During the same quarter in the prior year, the firm earned $5.73 EPS. The company’s revenue was up 12.2% compared to the same quarter last year. Equities research analysts predict that Molina Healthcare, Inc. will post 24.4 earnings per share for the current fiscal year.

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.