Cambiar Investors LLC Sells 6,720 Shares of Molina Healthcare, Inc $MOH

Cambiar Investors LLC lowered its stake in shares of Molina Healthcare, Inc (NYSE:MOH) by 28.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,316 shares of the company’s stock after selling 6,720 shares during the quarter. Cambiar Investors LLC’s holdings in Molina Healthcare were worth $3,314,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of MOH. Invesco Ltd. grew its holdings in shares of Molina Healthcare by 25.9% during the 2nd quarter. Invesco Ltd. now owns 1,601,574 shares of the company’s stock worth $477,109,000 after acquiring an additional 329,759 shares during the period. AQR Capital Management LLC grew its stake in Molina Healthcare by 4.6% in the second quarter. AQR Capital Management LLC now owns 925,672 shares of the company’s stock worth $273,096,000 after purchasing an additional 40,714 shares during the period. Norges Bank bought a new position in Molina Healthcare in the second quarter worth $212,113,000. Charles Schwab Investment Management Inc. raised its holdings in Molina Healthcare by 0.8% in the second quarter. Charles Schwab Investment Management Inc. now owns 419,457 shares of the company’s stock worth $124,956,000 after purchasing an additional 3,216 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Molina Healthcare by 8.5% during the second quarter. Bank of New York Mellon Corp now owns 364,716 shares of the company’s stock valued at $108,649,000 after buying an additional 28,562 shares during the period. 98.50% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Molina Healthcare

In other news, Director Richard M. Schapiro sold 357 shares of the business’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $143.02, for a total value of $51,058.14. Following the completion of the transaction, the director owned 11,352 shares in the company, valued at $1,623,563.04. The trade was a 3.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.26% of the company’s stock.

Molina Healthcare Price Performance

Shares of MOH opened at $183.77 on Wednesday. Molina Healthcare, Inc has a twelve month low of $133.40 and a twelve month high of $359.97. The company has a market capitalization of $9.96 billion, a P/E ratio of 11.38 and a beta of 0.49. The firm has a 50 day moving average of $168.25 and a 200 day moving average of $171.99. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.92.

Analysts Set New Price Targets

A number of research firms have recently weighed in on MOH. TD Cowen lowered shares of Molina Healthcare from a “buy” rating to a “hold” rating and set a $203.00 price target for the company. in a research note on Thursday, October 16th. Jefferies Financial Group set a $160.00 target price on shares of Molina Healthcare in a research note on Tuesday, December 16th. Weiss Ratings reissued a “sell (d+)” rating on shares of Molina Healthcare in a research report on Thursday, January 22nd. Wall Street Zen downgraded Molina Healthcare from a “hold” rating to a “sell” rating in a research note on Saturday, October 25th. Finally, Mizuho set a $220.00 price objective on Molina Healthcare in a research note on Friday, January 9th. Three equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $193.47.

About Molina Healthcare

Molina Healthcare, Inc is a managed care company specializing in government-sponsored health insurance programs. The company offers Medicaid managed care plans, Medicare Advantage and prescription drug plans, and individual Marketplace plans under the Affordable Care Act. Through an integrated care model, Molina emphasizes preventive and primary care services, care coordination, and disease management to improve health outcomes for its members.

The company traces its roots to the early 1980s, when Dr.