Molina Healthcare, Inc. (NYSE:MOH) Shares Sold by Cognios Beta Neutral Large Cap Fund LP

Cognios Beta Neutral Large Cap Fund LP trimmed its position in shares of Molina Healthcare, Inc. (NYSE:MOH) by 11.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,613 shares of the company’s stock after selling 216 shares during the period. Cognios Beta Neutral Large Cap Fund LP’s holdings in Molina Healthcare were worth $583,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Molina Healthcare during the third quarter worth approximately $30,000. VisionPoint Advisory Group LLC grew its stake in shares of Molina Healthcare by 105.6% in the third quarter. VisionPoint Advisory Group LLC now owns 111 shares of the company’s stock worth $36,000 after purchasing an additional 57 shares in the last quarter. Raleigh Capital Management Inc. grew its stake 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 purchasing an additional 36 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC increased its holdings in shares of Molina Healthcare by 3,933.3% during the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 121 shares of the company’s stock valued at $43,000 after purchasing an additional 118 shares during the period. Finally, Friedenthal Financial bought a new stake in shares of Molina Healthcare during the fourth quarter valued at about $43,000. Institutional investors own 98.50% of the company’s stock.

Analysts Set New Price Targets

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

Molina Healthcare Trading Up 1.2 %

Shares of NYSE MOH traded up $4.40 during mid-day trading on Wednesday, hitting $367.62. 461,136 shares of the company traded hands, compared to its average volume of 395,346. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.57. Molina Healthcare, Inc. has a 1 year low of $266.35 and a 1 year high of $423.92. The stock has a market capitalization of $21.54 billion, a price-to-earnings ratio of 19.50, a PEG ratio of 1.01 and a beta of 0.47. The business has a 50 day moving average of $393.09 and a two-hundred day moving average of $372.04.

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

Insiders Place Their Bets

In other news, Director Richard M. Schapiro sold 711 shares of the 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 in the company, valued at $4,688,220.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Molina Healthcare news, CFO Mark Lowell Keim sold 15,000 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $386.56, for a total value of $5,798,400.00. Following the transaction, the chief financial officer now directly owns 36,531 shares of the company’s stock, valued at approximately $14,121,423.36. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Richard M. Schapiro sold 711 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $384.06, for a total transaction of $273,066.66. Following the transaction, the director now owns 12,207 shares in the company, valued at approximately $4,688,220.42. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,711 shares of company stock worth $6,472,517. Corporate insiders own 1.11% of the company’s stock.

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.