Molina Healthcare, Inc. (NYSE:MOH) Holdings Cut by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. trimmed its stake in shares of Molina Healthcare, Inc. (NYSE:MOH) by 3.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 22,900 shares of the company’s stock after selling 700 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Molina Healthcare were worth $6,808,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Cetera Investment Advisers increased its position in Molina Healthcare by 516.4% in the first quarter. Cetera Investment Advisers now owns 10,238 shares of the company’s stock worth $4,206,000 after buying an additional 8,577 shares during the period. BlackBarn Capital Partners LP bought a new stake in Molina Healthcare in the 4th quarter valued at about $15,139,000. BI Asset Management Fondsmaeglerselskab A S lifted its position in Molina Healthcare by 69.5% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 11,809 shares of the company’s stock valued at $4,851,000 after purchasing an additional 4,840 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in Molina Healthcare by 76.4% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 27,301 shares of the company’s stock valued at $9,864,000 after purchasing an additional 11,820 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in shares of Molina Healthcare by 5.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,208 shares of the company’s stock valued at $1,159,000 after purchasing an additional 167 shares during the period. Institutional investors own 98.50% of the company’s stock.

Insider Transactions at Molina Healthcare

In related news, Director Steven J. Orlando sold 1,000 shares of the stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $339.21, for a total value of $339,210.00. Following the completion of the transaction, the director now owns 18,025 shares in the company, valued at approximately $6,114,260.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Steven J. Orlando sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $339.21, for a total value of $339,210.00. Following the completion of the sale, the director now owns 18,025 shares in the company, valued at approximately $6,114,260.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Maurice Hebert sold 393 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $346.52, for a total transaction of $136,182.36. Following the completion of the transaction, the chief accounting officer now directly owns 9,473 shares of the company’s stock, valued at approximately $3,282,583.96. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on MOH shares. Deutsche Bank Aktiengesellschaft reduced their price objective on Molina Healthcare from $354.00 to $353.00 and set a “hold” rating for the company in a research report on Monday, July 29th. Stephens reissued an “equal weight” rating and issued a $320.00 price target on shares of Molina Healthcare in a research note on Thursday, July 25th. Baird R W raised Molina Healthcare to a “strong-buy” rating in a report on Thursday, May 30th. TD Cowen reduced their price objective on shares of Molina Healthcare from $412.00 to $351.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Molina Healthcare from $420.00 to $395.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $378.00.

Molina Healthcare Stock Up 0.6 %

NYSE MOH opened at $345.82 on Monday. Molina Healthcare, Inc. has a 12 month low of $282.96 and a 12 month high of $423.92. The company has a market capitalization of $20.27 billion, a P/E ratio of 18.76, a PEG ratio of 1.20 and a beta of 0.58. The company’s 50 day simple moving average is $316.50 and its 200 day simple moving average is $349.79. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.57 and a quick ratio of 1.57.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $5.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.73 by $0.13. The company had revenue of $9.88 billion for the quarter, compared to analysts’ expectations of $9.75 billion. Molina Healthcare had a return on equity of 28.09% and a net margin of 2.84%. The firm’s revenue was up 18.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.65 earnings per share. Equities research analysts expect that Molina Healthcare, Inc. will post 23.5 earnings per share for the current fiscal year.

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.