Trexquant Investment LP decreased its stake in Molina Healthcare Inc (NYSE:MOH) by 40.9% during the second quarter, according to its most recent filing with the SEC. The fund owned 10,400 shares of the company’s stock after selling 7,200 shares during the period. Trexquant Investment LP’s holdings in Molina Healthcare were worth $719,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Meadow Creek Investment Management LLC boosted its stake in shares of Molina Healthcare by 13.2% in the first quarter. Meadow Creek Investment Management LLC now owns 2,408 shares of the company’s stock valued at $110,000 after buying an additional 280 shares during the period. LS Investment Advisors LLC boosted its stake in shares of Molina Healthcare by 40.9% in the second quarter. LS Investment Advisors LLC now owns 1,829 shares of the company’s stock valued at $127,000 after buying an additional 531 shares during the period. Glen Harbor Capital Management LLC boosted its stake in shares of Molina Healthcare by 13.2% in the first quarter. Glen Harbor Capital Management LLC now owns 2,924 shares of the company’s stock valued at $133,000 after buying an additional 340 shares during the period. Meeder Asset Management Inc. acquired a new stake in shares of Molina Healthcare during the second quarter valued at approximately $136,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of Molina Healthcare by 361.6% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,771 shares of the company’s stock valued at $172,000 after buying an additional 2,954 shares during the period. 93.42% of the stock is currently owned by hedge funds and other institutional investors.

Molina Healthcare Inc (MOH) opened at 57.53 on Friday. Molina Healthcare Inc has a 52 week low of $42.56 and a 52 week high of $72.79. The firm’s market cap is $3.29 billion. The company has a 50-day moving average of $68.05 and a 200-day moving average of $58.93.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings results on Wednesday, August 2nd. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by $0.87. Molina Healthcare had a negative net margin of 1.07% and a positive return on equity of 16.10%. The firm had revenue of $5 billion for the quarter, compared to the consensus estimate of $4.88 billion. During the same period in the previous year, the business earned $0.67 earnings per share. The firm’s revenue for the quarter was up 14.7% on a year-over-year basis. Equities research analysts forecast that Molina Healthcare Inc will post ($2.96) earnings per share for the current fiscal year.

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Several equities research analysts have commented on the stock. Zacks Investment Research raised shares of Molina Healthcare from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a research report on Thursday, May 4th. BidaskClub cut shares of Molina Healthcare from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. ValuEngine raised shares of Molina Healthcare from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. TheStreet cut shares of Molina Healthcare from a “b” rating to a “c” rating in a research report on Monday. Finally, Credit Suisse Group reissued an “underperform” rating and set a $53.00 price target (up from $50.00) on shares of Molina Healthcare in a research report on Friday, July 14th. Five analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $62.18.

In other Molina Healthcare news, Director John C. Molina sold 21,277 shares of Molina Healthcare stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $70.53, for a total value of $1,500,666.81. Following the sale, the director now owns 611,154 shares of the company’s stock, valued at $43,104,691.62. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider William Dentino sold 66,000 shares of Molina Healthcare stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $60.09, for a total transaction of $3,965,940.00. The disclosure for this sale can be found here. Insiders have sold 215,563 shares of company stock worth $14,224,433 over the last three months. 6.20% of the stock is owned by insiders.

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.

Institutional Ownership by Quarter for Molina Healthcare (NYSE:MOH)

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