Municipal Employees Retirement System of Michigan lowered its position in Molina Healthcare Inc (NYSE:MOH) by 15.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,500 shares of the company’s stock after selling 3,020 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Molina Healthcare were worth $1,141,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Meadow Creek Investment Management LLC increased its position in Molina Healthcare by 13.2% in the first quarter. Meadow Creek Investment Management LLC now owns 2,408 shares of the company’s stock worth $110,000 after buying an additional 280 shares in the last quarter. LS Investment Advisors LLC increased its position in Molina Healthcare by 40.9% in the second quarter. LS Investment Advisors LLC now owns 1,829 shares of the company’s stock worth $127,000 after buying an additional 531 shares in the last quarter. Glen Harbor Capital Management LLC increased its position in Molina Healthcare by 13.2% in the first quarter. Glen Harbor Capital Management LLC now owns 2,924 shares of the company’s stock worth $133,000 after buying an additional 340 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in Molina Healthcare during the second quarter worth approximately $136,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in Molina Healthcare by 361.6% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,771 shares of the company’s stock worth $172,000 after buying an additional 2,954 shares in the last quarter. 93.42% of the stock is currently owned by institutional investors.

Shares of Molina Healthcare Inc (NYSE:MOH) opened at 58.27 on Thursday. The company’s market cap is $3.27 billion. The company has a 50 day moving average price of $68.40 and a 200 day moving average price of $58.94. Molina Healthcare Inc has a one year low of $42.56 and a one year high of $72.79.

Molina Healthcare (NYSE:MOH) last announced its earnings results on Wednesday, August 2nd. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.86 by $0.87. The business had revenue of $5 billion during the quarter, compared to analyst estimates of $4.88 billion. Molina Healthcare had a positive return on equity of 16.10% and a negative net margin of 1.07%. The firm’s revenue was up 14.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.67 earnings per share. Equities research analysts expect that Molina Healthcare Inc will post $2.20 earnings per share for the current year.

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A number of research firms have commented on MOH. Zacks Investment Research raised Molina Healthcare from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a report on Thursday, May 4th. BidaskClub downgraded Molina Healthcare from a “buy” rating to a “hold” rating in a report on Friday, August 4th. ValuEngine raised Molina Healthcare from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. TheStreet downgraded Molina Healthcare from a “b” rating to a “c” rating in a report on Monday. Finally, Credit Suisse Group reaffirmed an “underperform” rating and set a $53.00 target price (up previously from $50.00) on shares of Molina Healthcare in a report on Friday, July 14th. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $62.18.

In other news, insider William Dentino sold 66,000 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $60.09, for a total value of $3,965,940.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Garrey Carruthers sold 2,850 shares of the business’s stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $67.15, for a total value of $191,377.50. Following the completion of the transaction, the director now directly owns 6,721 shares in the company, valued at $451,315.15. The disclosure for this sale can be found here. Insiders sold a total of 218,413 shares of company stock worth $14,415,810 over the last three months. 6.20% of the stock is owned by company insiders.

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

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