Molina Healthcare, Inc $MOH Shares Sold by Eversept Partners LP

Eversept Partners LP cut its position in Molina Healthcare, Inc (NYSE:MOH) by 27.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,811 shares of the company’s stock after selling 12,659 shares during the quarter. Eversept Partners LP’s holdings in Molina Healthcare were worth $4,374,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. AQR Capital Management LLC increased its stake in Molina Healthcare by 217.0% during the 3rd quarter. AQR Capital Management LLC now owns 2,934,130 shares of the company’s stock worth $561,475,000 after buying an additional 2,008,458 shares during the period. 8 Knots Management LLC acquired a new stake in shares of Molina Healthcare during the fourth quarter valued at about $198,942,000. Maverick Capital Ltd. purchased a new stake in shares of Molina Healthcare during the first quarter worth about $86,081,000. Madison Avenue Partners LP purchased a new stake in shares of Molina Healthcare during the fourth quarter worth about $110,003,000. Finally, Norges Bank purchased a new stake in shares of Molina Healthcare during the fourth quarter worth about $109,766,000. 98.50% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Molina Healthcare

In other Molina Healthcare news, CAO Maurice Hebert sold 600 shares of the firm’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 transaction, the chief accounting officer owned 12,815 shares of the company’s stock, valued at approximately $2,454,713.25. This trade represents a 4.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeff D. Barlow sold 17,811 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $186.12, for a total transaction of $3,314,983.32. Following the sale, the insider owned 67,175 shares in the company, valued at $12,502,611. This trade represents a 20.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on MOH. Wall Street Zen raised shares of Molina Healthcare from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. TD Cowen increased their price target on shares of Molina Healthcare from $163.00 to $230.00 and gave the stock a “hold” rating in a research report on Tuesday, July 14th. Bank of America upgraded Molina Healthcare from an “underperform” rating to a “buy” rating and set a $250.00 price target for the company in a research note on Wednesday, April 29th. JPMorgan Chase & Co. boosted their price objective on Molina Healthcare from $169.00 to $191.00 and gave the company a “neutral” rating in a report on Monday, June 8th. Finally, Weiss Ratings cut Molina Healthcare from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $203.38.

Molina Healthcare Trading Up 1.2%

NYSE:MOH opened at $199.86 on Tuesday. Molina Healthcare, Inc has a 1 year low of $121.06 and a 1 year high of $244.89. The stock has a market cap of $10.43 billion, a price-to-earnings ratio of -1,110.29 and a beta of 0.74. The business has a fifty day moving average of $206.49 and a 200-day moving average of $177.08. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.68 and a current ratio of 1.68.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.12. Molina Healthcare had a positive return on equity of 3.73% and a negative net margin of 0.02%.The company had revenue of $10.87 billion for the quarter, compared to analyst estimates of $10.83 billion. During the same period last year, the company earned $5.48 earnings per share. The company’s quarterly revenue was down 4.8% compared to the same quarter last year. Equities analysts predict that Molina Healthcare, Inc will post 5.31 earnings per share for the current year.

Molina Healthcare Profile

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.