Xponance Inc. Cuts Stake in Molina Healthcare, Inc. (NYSE:MOH)

Xponance Inc. lessened its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH) by 36.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,478 shares of the company’s stock after selling 7,848 shares during the quarter. Xponance Inc.’s holdings in Molina Healthcare were worth $4,870,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in MOH. Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of Molina Healthcare in the third quarter worth $30,000. Coppell Advisory Solutions Corp. bought a new position in shares of Molina Healthcare during the 4th quarter valued at about $34,000. VisionPoint Advisory Group LLC grew its position in shares of Molina Healthcare by 105.6% during the third quarter. VisionPoint Advisory Group LLC now owns 111 shares of the company’s stock valued at $36,000 after purchasing an additional 57 shares in the last quarter. Brown Brothers Harriman & Co. bought a new stake in shares of Molina Healthcare in the first quarter worth about $40,000. Finally, Raleigh Capital Management Inc. lifted its position in shares of Molina Healthcare by 40.4% in the third quarter. Raleigh Capital Management Inc. now owns 125 shares of the company’s stock worth $41,000 after buying an additional 36 shares in the last quarter. 98.50% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Richard M. Schapiro sold 1,000 shares of Molina Healthcare stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $401.05, for a total transaction of $401,050.00. Following the completion of the sale, the director now owns 11,207 shares in the company, valued at approximately $4,494,567.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Molina Healthcare news, Director Richard M. Schapiro sold 1,000 shares of Molina Healthcare stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $401.05, for a total transaction of $401,050.00. Following the completion of the sale, the director now directly owns 11,207 shares of the company’s stock, valued at approximately $4,494,567.35. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Richard M. Schapiro sold 711 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $384.06, for a total value of $273,066.66. Following the completion of the sale, the director now owns 12,207 shares of the company’s stock, valued at $4,688,220.42. The disclosure for this sale can be found here. Insiders have sold 16,711 shares of company stock valued at $6,472,517 in the last 90 days. Company insiders own 1.10% of the company’s stock.

Molina Healthcare Stock Up 1.8 %

Shares of NYSE MOH opened at $367.52 on Friday. The company has a market cap of $21.53 billion, a P/E ratio of 19.57, a PEG ratio of 1.03 and a beta of 0.47. The firm has a 50-day simple moving average of $394.33 and a two-hundred day simple moving average of $370.95. Molina Healthcare, Inc. has a 1 year low of $266.35 and a 1 year high of $423.92. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.54 and a quick ratio of 1.54.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings data on Wednesday, February 7th. The company reported $4.38 EPS for the quarter, beating the consensus estimate of $4.31 by $0.07. Molina Healthcare had a return on equity of 32.34% and a net margin of 3.20%. The company had revenue of $9.05 billion for the quarter, compared to the consensus estimate of $8.35 billion. During the same quarter in the prior year, the company posted $4.10 EPS. Molina Healthcare’s quarterly revenue was up 10.0% on a year-over-year basis. Research analysts anticipate that Molina Healthcare, Inc. will post 23.62 earnings per share for the current year.

Wall Street Analyst Weigh In

MOH has been the subject of several research analyst reports. StockNews.com cut Molina Healthcare from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 8th. Barclays initiated coverage on shares of Molina Healthcare in a report on Wednesday, March 6th. They issued an “equal weight” rating and a $437.00 target price for the company. Bank of America lowered shares of Molina Healthcare from a “neutral” rating to an “underperform” rating and set a $439.00 price objective for the company. in a research report on Thursday, March 28th. Wells Fargo & Company decreased their target price on shares of Molina Healthcare from $440.00 to $410.00 and set an “equal weight” rating on the stock in a research report on Monday, April 15th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $406.00 price target on shares of Molina Healthcare in a research report on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Molina Healthcare presently has a consensus rating of “Hold” and a consensus target price of $393.09.

Molina Healthcare Company Profile

Molina Healthcare, Inc provides managed healthcare services to low-income families and individuals under the Medicaid and Medicare programs and through the state insurance marketplaces. It operates in four segments: Medicaid, Medicare, Marketplace, and Other. The company served in across 19 states. The company was founded in 1980 and is headquartered in Long Beach, California.