Dorsey Wright & Associates Purchases Shares of 13,676 Molina Healthcare, Inc. (MOH)

Dorsey Wright & Associates purchased a new position in shares of Molina Healthcare, Inc. (NYSE:MOH) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,676 shares of the company’s stock, valued at approximately $2,034,000.

A number of other institutional investors also recently made changes to their positions in MOH. Hsbc Holdings PLC grew its holdings in Molina Healthcare by 14.8% during the first quarter. Hsbc Holdings PLC now owns 10,964 shares of the company’s stock worth $891,000 after buying an additional 1,411 shares in the last quarter. Stifel Financial Corp bought a new stake in Molina Healthcare during the first quarter worth $664,000. Principal Financial Group Inc. grew its holdings in Molina Healthcare by 7.0% during the first quarter. Principal Financial Group Inc. now owns 213,616 shares of the company’s stock worth $17,341,000 after buying an additional 14,047 shares in the last quarter. Northwestern Mutual Investment Management Company LLC grew its holdings in Molina Healthcare by 63.4% during the first quarter. Northwestern Mutual Investment Management Company LLC now owns 9,410 shares of the company’s stock worth $764,000 after buying an additional 3,652 shares in the last quarter. Finally, MetLife Investment Advisors LLC grew its holdings in Molina Healthcare by 3.7% during the first quarter. MetLife Investment Advisors LLC now owns 49,393 shares of the company’s stock worth $4,010,000 after buying an additional 1,753 shares in the last quarter.

In other news, insider Norman Nichols sold 4,501 shares of the company’s stock in a transaction on Wednesday, August 8th. The stock was sold at an average price of $127.00, for a total transaction of $571,627.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider James Woys purchased 25,000 shares of the company’s stock in a transaction dated Wednesday, September 19th. The shares were purchased at an average cost of $148.79 per share, for a total transaction of $3,719,750.00. Following the transaction, the insider now directly owns 17,203 shares in the company, valued at $2,559,634.37. The disclosure for this purchase can be found here. Insiders have sold a total of 9,717 shares of company stock worth $1,289,932 in the last ninety days. Insiders own 0.65% of the company’s stock.

MOH stock opened at $139.54 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.38 and a current ratio of 1.38. Molina Healthcare, Inc. has a 1-year low of $58.66 and a 1-year high of $154.06. The firm has a market capitalization of $9.18 billion, a price-to-earnings ratio of 249.14, a price-to-earnings-growth ratio of 1.45 and a beta of 1.26.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings results on Tuesday, July 31st. The company reported $3.08 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $1.99. Molina Healthcare had a positive return on equity of 23.01% and a negative net margin of 0.26%. The firm had revenue of $4.88 billion for the quarter, compared to analysts’ expectations of $4.67 billion. During the same quarter in the prior year, the firm earned ($4.01) EPS. The business’s revenue for the quarter was down 2.3% compared to the same quarter last year. As a group, research analysts predict that Molina Healthcare, Inc. will post 6.68 earnings per share for the current year.

Several research analysts have weighed in on the company. SunTrust Banks boosted their price objective on Molina Healthcare to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, July 10th. Jefferies Financial Group raised Molina Healthcare from a “hold” rating to a “buy” rating in a research report on Thursday, June 28th. Zacks Investment Research raised Molina Healthcare from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a research report on Tuesday, July 24th. Barclays assumed coverage on Molina Healthcare in a research report on Monday, July 23rd. They issued an “equal weight” rating and a $105.00 price objective on the stock. Finally, Evercore ISI assumed coverage on Molina Healthcare in a research report on Tuesday. They issued an “in-line” rating and a $158.00 price objective on the stock. One analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $129.31.

About Molina Healthcare

Molina Healthcare, Inc provides Medicaid-related solutions to meet the health care needs of low-income families and individuals; and to assist state agencies in their administration of the Medicaid program in the United States. It operates through three segments: Health Plans, Molina Medicaid Solutions, and Other.

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Institutional Ownership by Quarter for Molina Healthcare (NYSE:MOH)

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