Molina Healthcare, Inc. (MOH) Holdings Lifted by Rhumbline Advisers
Rhumbline Advisers lifted its stake in Molina Healthcare, Inc. (NYSE:MOH) by 1.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 88,529 shares of the company’s stock after acquiring an additional 1,538 shares during the quarter. Rhumbline Advisers owned 0.16% of Molina Healthcare worth $6,087,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in MOH. Eagle Asset Management Inc. bought a new stake in Molina Healthcare during the second quarter valued at approximately $7,007,000. State Board of Administration of Florida Retirement System boosted its position in shares of Molina Healthcare by 86.4% in the second quarter. State Board of Administration of Florida Retirement System now owns 40,338 shares of the company’s stock worth $2,791,000 after purchasing an additional 18,700 shares during the period. Pacer Advisors Inc. boosted its position in shares of Molina Healthcare by 5.1% in the second quarter. Pacer Advisors Inc. now owns 12,358 shares of the company’s stock worth $855,000 after purchasing an additional 598 shares during the period. Keybank National Association OH boosted its position in shares of Molina Healthcare by 10.5% in the second quarter. Keybank National Association OH now owns 41,333 shares of the company’s stock worth $2,859,000 after purchasing an additional 3,929 shares during the period. Finally, Scout Investments Inc. boosted its position in shares of Molina Healthcare by 36.6% in the second quarter. Scout Investments Inc. now owns 614,535 shares of the company’s stock worth $42,514,000 after purchasing an additional 164,677 shares during the period. Hedge funds and other institutional investors own 96.23% of the company’s stock.
In related news, Director J Mario Md Molina sold 15,000 shares of the stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $64.75, for a total value of $971,250.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider William Dentino sold 66,000 shares of the stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $64.87, for a total transaction of $4,281,420.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 475,523 shares of company stock valued at $32,710,622. Insiders own 6.20% of the company’s stock.
Molina Healthcare (NYSE:MOH) last issued its earnings results on Thursday, November 2nd. The company reported ($1.62) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($1.85). The business had revenue of $5.03 billion for the quarter, compared to the consensus estimate of $4.95 billion. Molina Healthcare had a positive return on equity of 17.76% and a negative net margin of 1.76%. The firm’s revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.85 earnings per share. research analysts predict that Molina Healthcare, Inc. will post -3.88 earnings per share for the current year.
A number of equities analysts have weighed in on the stock. ValuEngine lowered shares of Molina Healthcare from a “buy” rating to a “hold” rating in a research report on Friday. Deutsche Bank reaffirmed a “hold” rating and set a $72.00 price target on shares of Molina Healthcare in a research note on Wednesday, August 9th. Zacks Investment Research raised shares of Molina Healthcare from a “sell” rating to a “hold” rating in a research note on Monday, November 6th. TheStreet downgraded shares of Molina Healthcare from a “b” rating to a “c” rating in a research note on Monday, August 7th. Finally, Mitsubishi UFJ Financial Group initiated coverage on shares of Molina Healthcare in a research note on Thursday, September 21st. They set a “neutral” rating and a $70.00 price target on the stock. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $64.30.
Molina Healthcare 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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