Molina Healthcare, Inc. (NYSE:MOH) Stock Position Cut by Earnest Partners LLC

Earnest Partners LLC lessened its stake in Molina Healthcare, Inc. (NYSE:MOH) by 0.8% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 594,594 shares of the company’s stock after selling 4,647 shares during the quarter. Earnest Partners LLC’s holdings in Molina Healthcare were worth $85,110,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. BlackRock Inc. grew its position in Molina Healthcare by 0.4% in the 2nd quarter. BlackRock Inc. now owns 5,752,811 shares of the company’s stock valued at $823,458,000 after buying an additional 22,368 shares in the last quarter. Tavio Capital LLC boosted its position in shares of Molina Healthcare by 39.6% during the 2nd quarter. Tavio Capital LLC now owns 235,686 shares of the company’s stock valued at $33,736,000 after purchasing an additional 66,819 shares in the last quarter. Parametric Portfolio Associates LLC boosted its position in shares of Molina Healthcare by 16.7% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 106,000 shares of the company’s stock valued at $15,173,000 after purchasing an additional 15,171 shares in the last quarter. Meadow Creek Investment Management LLC boosted its position in shares of Molina Healthcare by 10.4% during the 2nd quarter. Meadow Creek Investment Management LLC now owns 23,436 shares of the company’s stock valued at $3,355,000 after purchasing an additional 2,212 shares in the last quarter. Finally, Glen Harbor Capital Management LLC boosted its position in shares of Molina Healthcare by 10.4% during the 2nd quarter. Glen Harbor Capital Management LLC now owns 28,458 shares of the company’s stock valued at $4,073,000 after purchasing an additional 2,686 shares in the last quarter. Hedge funds and other institutional investors own 96.99% of the company’s stock.

In other Molina Healthcare news, Director Ronna Romney sold 375 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $131.63, for a total value of $49,361.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.77% of the company’s stock.

Several research firms have recently weighed in on MOH. Stephens set a $150.00 price objective on shares of Molina Healthcare and gave the company a “hold” rating in a research report on Wednesday, August 7th. Morgan Stanley reduced their price objective on shares of Molina Healthcare from $184.00 to $172.00 and set an “overweight” rating for the company in a research report on Friday, August 23rd. ValuEngine lowered shares of Molina Healthcare from a “sell” rating to a “strong sell” rating in a research report on Thursday. Wells Fargo & Co upgraded shares of Molina Healthcare from a “market perform” rating to an “outperform” rating and set a $177.00 price objective for the company in a research report on Friday, May 31st. Finally, BMO Capital Markets upgraded shares of Molina Healthcare from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $154.00 to $200.00 in a research report on Monday, June 3rd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Molina Healthcare has a consensus rating of “Buy” and a consensus target price of $160.83.

Shares of MOH opened at $113.94 on Friday. Molina Healthcare, Inc. has a one year low of $105.28 and a one year high of $159.00. The company has a 50-day moving average of $130.70 and a two-hundred day moving average of $136.33. The stock has a market cap of $7.51 billion, a price-to-earnings ratio of 10.28, a PEG ratio of 1.09 and a beta of 1.20. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.73 and a quick ratio of 1.73.

Molina Healthcare (NYSE:MOH) last announced its earnings results on Tuesday, July 30th. The company reported $3.11 EPS for the quarter, topping the consensus estimate of $2.56 by $0.55. Molina Healthcare had a net margin of 4.48% and a return on equity of 51.49%. The company had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $4.08 billion. During the same period last year, the company posted $3.08 earnings per share. The business’s revenue for the quarter was down 14.1% on a year-over-year basis. Analysts anticipate that Molina Healthcare, Inc. will post 11.4 earnings per share for the current year.

Molina Healthcare Company Profile

Molina Healthcare, Inc provides Medicaid-related solutions to meet the health care needs of low-income families and individuals; and to assist state agencies in their administration of the Medicaid program in the United States. It operates through three segments: Health Plans, Molina Medicaid Solutions, and Other.

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Institutional Ownership by Quarter for Molina Healthcare (NYSE:MOH)

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