Dimensional Fund Advisors LP lessened its stake in Molina Healthcare, Inc. (NYSE:MOH) by 0.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,338,880 shares of the company’s stock after selling 5,444 shares during the period. Dimensional Fund Advisors LP owned about 4.10% of Molina Healthcare worth $160,819,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Molina Healthcare by 0.4% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,240 shares of the company’s stock valued at $432,000 after buying an additional 23 shares in the last quarter. Retirement Systems of Alabama lifted its position in shares of Molina Healthcare by 0.3% during the 2nd 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 in the last quarter. Amalgamated Bank lifted its position in shares of Molina Healthcare by 4.3% during the 2nd quarter. Amalgamated Bank now owns 6,237 shares of the company’s stock valued at $431,000 after buying an additional 258 shares in the last quarter. Arizona State Retirement System lifted its position in shares of Molina Healthcare by 1.7% during the 2nd 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 in the last quarter. Finally, Mutual of America Capital Management LLC lifted its position in shares of Molina Healthcare by 0.9% during the 2nd quarter. Mutual of America Capital Management LLC now owns 35,140 shares of the company’s stock valued at $2,431,000 after buying an additional 325 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.
In other Molina Healthcare news, Director John C. Molina sold 22,737 shares of the firm’s stock in a transaction on 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 approximately $37,171,683.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider William Dentino sold 22,500 shares of the firm’s stock in a transaction on Wednesday, October 11th. The stock was sold at an average price of $63.96, for a total value of $1,439,100.00. The disclosure for this sale can be found here. Insiders sold a total of 685,555 shares of company stock valued at $49,228,008 over the last ninety days. Corporate insiders own 6.20% of the company’s stock.
MOH has been the topic of a number of recent analyst reports. ValuEngine upgraded Molina Healthcare from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Mitsubishi UFJ Financial Group initiated coverage on Molina Healthcare in a research report on Thursday, September 21st. They set a “neutral” rating and a $70.00 target price on the stock. Zacks Investment Research lowered Molina Healthcare from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Raymond James Financial restated a “hold” rating on shares of Molina Healthcare in a report on Friday, December 8th. Finally, Morgan Stanley upgraded Molina Healthcare from an “underweight” rating to an “overweight” rating and raised their price objective for the company from $65.00 to $68.00 in a report on Thursday, August 17th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $64.25.
Shares of Molina Healthcare, Inc. (MOH) traded up $1.01 during mid-day trading on Thursday, reaching $75.09. The company’s stock had a trading volume of 1,185,700 shares, compared to its average volume of 1,256,344. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.06. The stock has a market cap of $4,229.52, a price-to-earnings ratio of 23.01 and a beta of 0.97. Molina Healthcare, Inc. has a 12 month low of $42.56 and a 12 month high of $80.74.
Molina Healthcare (NYSE:MOH) last issued its earnings results on Thursday, November 2nd. The company reported ($1.62) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($1.85). Molina Healthcare had a positive return on equity of 17.76% and a negative net margin of 1.76%. The company had revenue of $5.03 billion during the quarter, compared to analyst estimates of $4.95 billion. During the same period last year, the business earned $0.85 earnings per share. The firm’s revenue was up 10.7% compared to the same quarter last year. equities research analysts predict that Molina Healthcare, Inc. will post -3.88 earnings per share for the current year.
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Molina Healthcare 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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