QS Investors LLC cut its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH) by 1.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 121,091 shares of the company’s stock after selling 2,064 shares during the period. QS Investors LLC owned approximately 0.20% of Molina Healthcare worth $9,285,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the company. Rock Springs Capital Management LP increased its position in shares of Molina Healthcare by 34.2% during the fourth quarter. Rock Springs Capital Management LP now owns 567,000 shares of the company’s stock worth $43,478,000 after acquiring an additional 144,500 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Molina Healthcare by 53.5% during the fourth quarter. Renaissance Technologies LLC now owns 2,156,150 shares of the company’s stock worth $165,334,000 after acquiring an additional 751,800 shares in the last quarter. Amundi Pioneer Asset Management Inc. bought a new stake in shares of Molina Healthcare during the fourth quarter worth about $100,000. WINTON GROUP Ltd bought a new stake in shares of Molina Healthcare during the fourth quarter worth about $5,639,000. Finally, Advent Capital Management DE bought a new stake in shares of Molina Healthcare during the fourth quarter worth about $383,000. 96.22% of the stock is owned by institutional investors.
Molina Healthcare, Inc. (NYSE:MOH) opened at $75.49 on Monday. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.35 and a quick ratio of 1.35. The firm has a market cap of $4,508.79, a PE ratio of 25.76, a price-to-earnings-growth ratio of 1.34 and a beta of 1.28. Molina Healthcare, Inc. has a 52 week low of $42.56 and a 52 week high of $93.98.
In other Molina Healthcare news, insider William Dentino sold 45,000 shares of the business’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $75.32, for a total value of $3,389,400.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John C. Molina sold 5,385 shares of the business’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $92.88, for a total transaction of $500,158.80. Following the completion of the transaction, the director now owns 414,151 shares in the company, valued at $38,466,344.88. The disclosure for this sale can be found here. Over the last quarter, insiders sold 492,525 shares of company stock worth $40,080,239. Corporate insiders own 6.20% of the company’s stock.
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About Molina Healthcare
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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