Commonwealth Equity Services LLC cut its stake in Molina Healthcare, Inc. (NYSE:MOH) by 23.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,904 shares of the company’s stock after selling 3,629 shares during the period. Commonwealth Equity Services LLC’s holdings in Molina Healthcare were worth $1,383,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in MOH. Oregon Public Employees Retirement Fund boosted its holdings in Molina Healthcare by 15,114.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,861,453 shares of the company’s stock valued at $25,000 after acquiring an additional 2,842,645 shares during the last quarter. Financial Gravity Companies Inc. bought a new stake in Molina Healthcare in the fourth quarter valued at approximately $51,000. Cypress Capital Management LLC WY boosted its holdings in Molina Healthcare by 82.4% in the fourth quarter. Cypress Capital Management LLC WY now owns 602 shares of the company’s stock valued at $70,000 after acquiring an additional 272 shares during the last quarter. MERIAN GLOBAL INVESTORS UK Ltd bought a new stake in Molina Healthcare in the fourth quarter valued at approximately $139,000. Finally, NEXT Financial Group Inc bought a new position in shares of Molina Healthcare during the 4th quarter worth approximately $145,000.
Molina Healthcare stock opened at $139.40 on Friday. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.74. Molina Healthcare, Inc. has a 52-week low of $74.26 and a 52-week high of $154.06. The company has a market cap of $8.71 billion, a price-to-earnings ratio of 12.58, a price-to-earnings-growth ratio of 1.12 and a beta of 1.67.
Molina Healthcare (NYSE:MOH) last issued its earnings results on Monday, February 11th. The company reported $3.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $2.36. Molina Healthcare had a return on equity of 45.70% and a net margin of 3.74%. The company had revenue of $4.66 billion for the quarter, compared to analyst estimates of $4.56 billion. As a group, sell-side analysts forecast that Molina Healthcare, Inc. will post 9.89 EPS for the current year.
In other news, Director Ronna Romney sold 200 shares of the company’s stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $132.72, for a total transaction of $26,544.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold 600 shares of company stock worth $76,788 over the last ninety days. 0.65% of the stock is owned by insiders.
MOH has been the topic of a number of research analyst reports. ValuEngine cut Molina Healthcare from a “hold” rating to a “sell” rating in a report on Friday, December 21st. Wolfe Research cut Molina Healthcare from an “outperform” rating to a “market perform” rating in a report on Thursday, January 3rd. JPMorgan Chase & Co. upgraded Molina Healthcare from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $127.00 to $150.00 in a report on Tuesday, January 8th. Mitsubishi UFJ Financial Group upgraded Molina Healthcare from a “neutral” rating to an “overweight” rating in a report on Tuesday, January 8th. Finally, Stephens initiated coverage on Molina Healthcare in a report on Monday, January 14th. They set an “equal weight” rating and a $144.00 price target on the stock. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $141.77.
Molina Healthcare Profile
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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