Jana Partners LLC lifted its holdings in Molina Healthcare, Inc. (NYSE:MOH) by 52.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,125,351 shares of the company’s stock after purchasing an additional 731,992 shares during the quarter. Molina Healthcare accounts for approximately 3.0% of Jana Partners LLC’s holdings, making the stock its 12th largest position. Jana Partners LLC owned approximately 3.72% of Molina Healthcare worth $146,139,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in MOH. Retirement Systems of Alabama lifted its holdings in shares of Molina Healthcare by 0.3% in the second quarter. Retirement Systems of Alabama now owns 55,116 shares of the company’s stock valued at $3,813,000 after buying an additional 167 shares during the period. TD Asset Management Inc. acquired a new stake in shares of Molina Healthcare in the second quarter valued at $1,858,000. Schwab Charles Investment Management Inc. lifted its holdings in shares of Molina Healthcare by 11.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 349,366 shares of the company’s stock valued at $24,170,000 after buying an additional 36,454 shares during the period. Arizona State Retirement System lifted its holdings in shares of Molina Healthcare by 1.7% in the second quarter. Arizona State Retirement System now owns 18,000 shares of the company’s stock valued at $1,245,000 after buying an additional 300 shares during the period. Finally, First Trust Advisors LP lifted its holdings in shares of Molina Healthcare by 20.0% in the second quarter. First Trust Advisors LP now owns 55,852 shares of the company’s stock valued at $3,864,000 after buying an additional 9,299 shares during the period. 96.23% of the stock is owned by institutional investors.
Several brokerages have recently weighed in on MOH. Raymond James Financial restated a “hold” rating on shares of Molina Healthcare in a report on Friday, December 8th. Zacks Investment Research upgraded Molina Healthcare from a “sell” rating to a “hold” rating in a report on Monday, November 6th. ValuEngine lowered Molina Healthcare from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Mitsubishi UFJ Financial Group began coverage on Molina Healthcare in a report on Thursday, September 21st. They issued a “neutral” rating and a $70.00 price objective for the company. Finally, Morgan Stanley upgraded Molina Healthcare from an “underweight” rating to an “overweight” rating and upped their price objective for the company from $65.00 to $68.00 in a report on Thursday, August 17th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $64.25.
Shares of Molina Healthcare, Inc. (NYSE:MOH) traded down $0.52 during midday trading on Friday, hitting $74.57. The stock had a trading volume of 1,170,500 shares, compared to its average volume of 1,255,988. Molina Healthcare, Inc. has a twelve month low of $42.56 and a twelve month high of $80.74. The stock has a market capitalization of $4,287.19, a P/E ratio of 23.32 and a beta of 0.97. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.29 and a current ratio of 1.29.
Molina Healthcare (NYSE:MOH) last announced its earnings results on Thursday, November 2nd. The company reported ($1.62) EPS for the quarter, missing the consensus estimate of $0.23 by ($1.85). Molina Healthcare had a negative net margin of 1.76% and a positive return on equity of 17.76%. The company had revenue of $5.03 billion for the quarter, compared to analysts’ expectations of $4.95 billion. During the same period in the prior year, the company earned $0.85 earnings per share. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. research analysts anticipate that Molina Healthcare, Inc. will post -3.88 earnings per share for the current fiscal year.
In related news, Director John C. Molina sold 22,400 shares of the stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $67.01, for a total value of $1,501,024.00. Following the completion of the sale, the director now directly owns 540,722 shares of the company’s stock, valued at approximately $36,233,781.22. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John C. Molina sold 22,737 shares of the stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $66.01, for a total value of $1,500,869.37. Following the completion of the sale, the director now directly owns 563,122 shares of the company’s stock, valued at $37,171,683.22. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 685,555 shares of company stock valued at $49,228,008. 6.20% of the stock is currently owned by company insiders.
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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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