Strs Ohio reduced its stake in Molina Healthcare Inc (NYSE:MOH) by 16.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,800 shares of the company’s stock after selling 4,000 shares during the period. Strs Ohio’s holdings in Molina Healthcare were worth $1,438,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Point72 Asset Management L.P. increased its stake in Molina Healthcare by 1,821.5% in the first quarter. Point72 Asset Management L.P. now owns 599,500 shares of the company’s stock valued at $27,337,000 after buying an additional 568,300 shares during the last quarter. Acadian Asset Management LLC increased its stake in Molina Healthcare by 6,812.6% in the second quarter. Acadian Asset Management LLC now owns 415,587 shares of the company’s stock valued at $28,748,000 after buying an additional 409,575 shares during the last quarter. Redmile Group LLC increased its stake in Molina Healthcare by 42.7% in the first quarter. Redmile Group LLC now owns 1,149,727 shares of the company’s stock valued at $52,428,000 after buying an additional 344,181 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Molina Healthcare by 12.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,488,977 shares of the company’s stock valued at $113,498,000 after buying an additional 282,144 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in Molina Healthcare by 20.0% in the first quarter. Victory Capital Management Inc. now owns 1,583,018 shares of the company’s stock valued at $72,186,000 after buying an additional 263,892 shares during the last quarter. Institutional investors own 93.42% of the company’s stock.

Molina Healthcare Inc (NYSE MOH) opened at 58.05 on Friday. Molina Healthcare Inc has a 52-week low of $42.56 and a 52-week high of $72.79. The stock’s market capitalization is $3.32 billion. The stock’s 50 day moving average price is $67.67 and its 200-day moving average price is $58.93.

Molina Healthcare (NYSE:MOH) last posted 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 company had revenue of $5 billion for 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% on a year-over-year basis. During the same period last year, the business earned $0.67 earnings per share. On average, equities analysts expect that Molina Healthcare Inc will post ($2.96) EPS for the current fiscal year.

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MOH has been the subject of several research analyst reports. TheStreet upgraded Molina Healthcare from a “c” rating to a “b” rating in a report on Tuesday, May 2nd. Zacks Investment Research downgraded Molina Healthcare from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. ValuEngine downgraded Molina Healthcare from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Wolfe Research initiated coverage on Molina Healthcare in a report on Friday, May 5th. They issued a “market perform” rating and a $69.00 price objective for the company. Finally, Stifel Nicolaus lifted their price objective on Molina Healthcare from $45.00 to $47.00 and gave the stock a “hold” rating in a report on Wednesday, May 3rd. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. Molina Healthcare presently has a consensus rating of “Hold” and an average target price of $62.18.

In related news, Director J Mario Md Molina sold 15,000 shares of the firm’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $66.09, for a total transaction of $991,350.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider William Dentino sold 66,000 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $60.09, for a total value of $3,965,940.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 215,813 shares of company stock worth $14,238,933. 6.20% of the stock is owned by corporate insiders.

Molina Healthcare Company Profile

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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