BlackRock Inc. trimmed its holdings in Molina Healthcare, Inc. (NYSE:MOH) by 1.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,297,945 shares of the company’s stock after selling 60,340 shares during the period. BlackRock Inc. owned 9.07% of Molina Healthcare worth $1,437,384,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. raised its position in shares of Molina Healthcare by 1.5% in the second quarter. Principal Financial Group Inc. now owns 204,753 shares of the company’s stock valued at $51,815,000 after buying an additional 2,978 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in Molina Healthcare by 141.6% during the second quarter. BNP Paribas Arbitrage SA now owns 36,503 shares of the company’s stock valued at $9,237,000 after purchasing an additional 21,392 shares in the last quarter. Wedge Capital Management L L P NC raised its position in Molina Healthcare by 28.7% during the third quarter. Wedge Capital Management L L P NC now owns 1,907 shares of the company’s stock valued at $517,000 after purchasing an additional 425 shares in the last quarter. Stifel Financial Corp raised its position in Molina Healthcare by 1.9% during the second quarter. Stifel Financial Corp now owns 10,097 shares of the company’s stock valued at $2,555,000 after purchasing an additional 190 shares in the last quarter. Finally, Squarepoint Ops LLC raised its position in Molina Healthcare by 1,283.4% during the second quarter. Squarepoint Ops LLC now owns 27,240 shares of the company’s stock valued at $6,893,000 after purchasing an additional 25,271 shares in the last quarter. Institutional investors own 93.77% of the company’s stock.
In related news, Director Daniel Cooperman sold 5,000 shares of the business’s stock in a transaction on Monday, November 15th. The shares were sold at an average price of $309.13, for a total value of $1,545,650.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ronna Romney sold 300 shares of the business’s stock in a transaction on Monday, November 8th. The shares were sold at an average price of $305.01, for a total transaction of $91,503.00. The disclosure for this sale can be found here. 1.49% of the stock is owned by insiders.
Shares of Molina Healthcare stock opened at $286.10 on Friday. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.93. Molina Healthcare, Inc. has a twelve month low of $199.81 and a twelve month high of $328.11. The stock has a market cap of $16.71 billion, a price-to-earnings ratio of 28.41, a P/E/G ratio of 0.81 and a beta of 0.73. The company’s fifty day moving average is $302.96 and its 200 day moving average is $281.65.
Molina Healthcare (NYSE:MOH) last issued its quarterly earnings data on Wednesday, October 27th. The company reported $2.83 earnings per share for the quarter, topping the consensus estimate of $2.80 by $0.03. Molina Healthcare had a net margin of 2.31% and a return on equity of 25.93%. The company had revenue of $7.04 billion for the quarter, compared to analysts’ expectations of $6.82 billion. During the same quarter in the previous year, the firm posted $3.36 earnings per share. Molina Healthcare’s revenue for the quarter was up 40.2% on a year-over-year basis. As a group, equities analysts anticipate that Molina Healthcare, Inc. will post 13.37 earnings per share for the current fiscal year.
About Molina Healthcare
Molina Healthcare, Inc engages in the provision of health care services. It operates through the Health Plans and Other segments. The Health Plans segment consists of health plans in 11 states and the Commonwealth of Puerto Rico and includes direct delivery business. The Other segment includes the historical results of the MMIS and behavioral health subsidiaries.
Featured Story: Insider Trading – What You Need to Know
Want to see what other hedge funds are holding MOH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Molina Healthcare, Inc. (NYSE:MOH).
Receive News & Ratings for Molina Healthcare Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Molina Healthcare and related companies with MarketBeat.com's FREE daily email newsletter.