HBK Investments L P boosted its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH) by 137.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 181,777 shares of the company’s stock after buying an additional 105,277 shares during the quarter. HBK Investments L P owned 0.30% of Molina Healthcare worth $13,939,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of MOH. Crossmark Global Holdings Inc. purchased a new position in Molina Healthcare during the 3rd quarter worth approximately $586,000. Principal Financial Group Inc. raised its position in Molina Healthcare by 2.8% during the 3rd quarter. Principal Financial Group Inc. now owns 192,315 shares of the company’s stock worth $13,224,000 after buying an additional 5,181 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in Molina Healthcare by 5.9% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 270,981 shares of the company’s stock worth $18,633,000 after buying an additional 15,180 shares during the last quarter. Sei Investments Co. raised its position in Molina Healthcare by 9.6% during the 3rd quarter. Sei Investments Co. now owns 150,233 shares of the company’s stock worth $10,330,000 after buying an additional 13,169 shares during the last quarter. Finally, Retirement Systems of Alabama raised its position in Molina Healthcare by 136.3% during the 3rd quarter. Retirement Systems of Alabama now owns 130,249 shares of the company’s stock worth $8,956,000 after buying an additional 75,133 shares during the last quarter. 96.22% of the stock is owned by institutional investors.
MOH has been the subject of a number of recent research reports. ValuEngine raised shares of Molina Healthcare from a “hold” rating to a “buy” rating in a research report on Friday, March 2nd. Jefferies Group reissued a “hold” rating and set a $80.00 price target on shares of Molina Healthcare in a research report on Wednesday, February 14th. Zacks Investment Research lowered shares of Molina Healthcare from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 9th. Raymond James Financial reissued a “hold” rating on shares of Molina Healthcare in a research report on Friday, December 8th. Finally, BMO Capital Markets reduced their price target on shares of Molina Healthcare from $98.00 to $85.00 and set a “market perform” rating for the company in a research report on Wednesday, February 14th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company’s stock. Molina Healthcare presently has a consensus rating of “Hold” and a consensus target price of $73.73.
Molina Healthcare (NYSE:MOH) last posted its earnings results on Monday, February 12th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.11. The firm had revenue of $4.95 billion during the quarter, compared to analyst estimates of $4.96 billion. Molina Healthcare had a negative net margin of 2.58% and a positive return on equity of 17.64%. sell-side analysts anticipate that Molina Healthcare, Inc. will post 3.68 earnings per share for the current year.
In related news, Director John C. Molina sold 5,385 shares of the business’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $92.88, for a total value of $500,158.80. Following the completion of the sale, the director now owns 414,151 shares of the company’s stock, valued at approximately $38,466,344.88. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Steven J. Orlando sold 1,500 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $72.77, for a total transaction of $109,155.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 492,525 shares of company stock valued at $40,080,239. 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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