Wealthfront Advisers LLC Decreases Stock Holdings in Molina Healthcare, Inc $MOH

Wealthfront Advisers LLC lowered its stake in Molina Healthcare, Inc (NYSE:MOHFree Report) by 93.1% during the first quarter, Holdings Channel.com reports. The fund owned 3,942 shares of the company’s stock after selling 53,156 shares during the quarter. Wealthfront Advisers LLC’s holdings in Molina Healthcare were worth $525,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp grew its position in shares of Molina Healthcare by 25.2% in the first quarter. Bank of New York Mellon Corp now owns 329,280 shares of the company’s stock valued at $43,893,000 after purchasing an additional 66,350 shares during the period. Blackhawk Capital Partners LLC raised its position in shares of Molina Healthcare by 95.2% during the 1st quarter. Blackhawk Capital Partners LLC now owns 5,351 shares of the company’s stock worth $713,000 after purchasing an additional 2,610 shares during the last quarter. Sanctuary Advisors LLC raised its position in shares of Molina Healthcare by 99.2% during the 1st quarter. Sanctuary Advisors LLC now owns 3,053 shares of the company’s stock worth $407,000 after purchasing an additional 1,520 shares during the last quarter. Maryland State Retirement & Pension System increased its stake in Molina Healthcare by 283.5% during the 1st quarter. Maryland State Retirement & Pension System now owns 10,163 shares of the company’s stock worth $1,355,000 after buying an additional 7,513 shares in the last quarter. Finally, Calamos Wealth Management LLC purchased a new stake in Molina Healthcare during the 1st quarter worth approximately $294,000. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Key Molina Healthcare News

Here are the key news stories impacting Molina Healthcare this week:

Molina Healthcare Stock Performance

NYSE MOH opened at $223.13 on Thursday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.63 and a current ratio of 1.63. The stock’s fifty day moving average is $205.66 and its two-hundred day moving average is $176.72. The firm has a market capitalization of $11.63 billion, a P/E ratio of 66.02 and a beta of 0.74. Molina Healthcare, Inc has a fifty-two week low of $121.06 and a fifty-two week high of $244.89.

Molina Healthcare (NYSE:MOHGet Free Report) last issued its earnings results on Wednesday, July 22nd. The company reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.12. Molina Healthcare had a return on equity of 8.76% and a net margin of 0.42%.The business had revenue of $10.87 billion during the quarter, compared to the consensus estimate of $10.83 billion. During the same period last year, the company earned $5.48 EPS. The company’s revenue for the quarter was down 4.8% on a year-over-year basis. On average, research analysts anticipate that Molina Healthcare, Inc will post 5.23 earnings per share for the current year.

Analysts Set New Price Targets

MOH has been the topic of several research reports. Weiss Ratings upgraded Molina Healthcare from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 25th. Mizuho set a $215.00 price target on Molina Healthcare in a research report on Monday, June 8th. JPMorgan Chase & Co. increased their price objective on Molina Healthcare from $169.00 to $191.00 and gave the company a “neutral” rating in a research note on Monday, June 8th. Barclays decreased their price objective on Molina Healthcare from $199.00 to $184.00 and set an “underweight” rating on the stock in a report on Wednesday, July 8th. Finally, Cantor Fitzgerald lifted their target price on shares of Molina Healthcare from $144.00 to $209.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Three analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $207.06.

Check Out Our Latest Report on Molina Healthcare

Insider Activity

In other Molina Healthcare news, insider Jeff D. Barlow sold 17,811 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $186.12, for a total value of $3,314,983.32. Following the transaction, the insider directly owned 67,175 shares in the company, valued at $12,502,611. The trade was a 20.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Maurice Hebert sold 600 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $191.55, for a total transaction of $114,930.00. Following the completion of the transaction, the chief accounting officer owned 12,815 shares in the company, valued at $2,454,713.25. The trade was a 4.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.44% of the stock is currently owned by company insiders.

About Molina Healthcare

(Free Report)

Molina Healthcare, Inc is a managed care company specializing in government-sponsored health insurance programs. The company offers Medicaid managed care plans, Medicare Advantage and prescription drug plans, and individual Marketplace plans under the Affordable Care Act. Through an integrated care model, Molina emphasizes preventive and primary care services, care coordination, and disease management to improve health outcomes for its members.

The company traces its roots to the early 1980s, when Dr.

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

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