Verde Servicos Internacionais S.A. Grows Stake in Molina Healthcare Inc (MOH)
Verde Servicos Internacionais S.A. grew its holdings in shares of Molina Healthcare Inc (NYSE:MOH) by 44.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 97,300 shares of the company’s stock after purchasing an additional 29,800 shares during the quarter. Molina Healthcare makes up approximately 1.2% of Verde Servicos Internacionais S.A.’s holdings, making the stock its 22nd biggest position. Verde Servicos Internacionais S.A. owned about 0.17% of Molina Healthcare worth $6,690,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Molina Healthcare by 0.4% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,240 shares of the company’s stock valued at $432,000 after purchasing an additional 23 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in Molina Healthcare by 2.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 5,660 shares of the company’s stock worth $392,000 after acquiring an additional 150 shares in the last quarter. Advantus Capital Management Inc increased its holdings in Molina Healthcare by 2.9% in the 1st quarter. Advantus Capital Management Inc now owns 5,449 shares of the company’s stock worth $248,000 after acquiring an additional 153 shares in the last quarter. Retirement Systems of Alabama increased its holdings in Molina Healthcare by 0.3% in the 2nd quarter. Retirement Systems of Alabama now owns 55,116 shares of the company’s stock worth $3,813,000 after acquiring an additional 167 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its holdings in Molina Healthcare by 1.7% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 14,440 shares of the company’s stock worth $659,000 after acquiring an additional 240 shares in the last quarter. 96.04% of the stock is owned by hedge funds and other institutional investors.
In related news, insider William Dentino sold 66,000 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $60.09, for a total transaction of $3,965,940.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director J Mario Md Molina sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $66.67, for a total value of $1,000,050.00. The disclosure for this sale can be found here. Insiders have sold 390,985 shares of company stock valued at $24,741,496 over the last quarter. 6.20% of the stock is owned by company insiders.
Several research firms recently issued reports on MOH. Jefferies Group LLC reissued a “hold” rating and issued a $72.00 target price on shares of Molina Healthcare in a report on Friday, July 14th. Zacks Investment Research lowered shares of Molina Healthcare from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. BidaskClub lowered shares of Molina Healthcare from a “buy” rating to a “hold” rating in a report on Friday, August 4th. BMO Capital Markets began coverage on shares of Molina Healthcare in a report on Monday. They issued a “market perform” rating and a $70.00 target price for the company. Finally, Morgan Stanley raised shares of Molina Healthcare from an “underweight” rating to an “overweight” rating and increased their target price for the stock from $65.00 to $68.00 in a report on Thursday, August 17th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $62.23.
Molina Healthcare Inc (NYSE MOH) traded up 1.265% on Friday, hitting $64.445. The stock had a trading volume of 749,718 shares. The company’s market cap is $3.68 billion. The company has a 50-day moving average of $65.05 and a 200 day moving average of $63.38. Molina Healthcare Inc has a 12 month low of $42.56 and a 12 month high of $72.79.
Molina Healthcare (NYSE:MOH) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported ($0.01) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.87). Molina Healthcare had a positive return on equity of 16.10% and a negative net margin of 1.07%. The firm had revenue of $5 billion for the quarter, compared to analysts’ expectations of $4.88 billion. During the same quarter in the previous year, the firm posted $0.67 earnings per share. The firm’s revenue for the quarter was up 14.7% compared to the same quarter last year. On average, analysts predict that Molina Healthcare Inc will post ($2.31) EPS for the current fiscal year.
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.
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