Two Sigma Investments LP bought a new position in Molina Healthcare, Inc. (NYSE:MOH) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 27,406 shares of the company’s stock, valued at approximately $1,487,000.
Other hedge funds have also added to or reduced their stakes in the company. Orinda Asset Management LLC increased its stake in Molina Healthcare by 45.8% in the third quarter. Orinda Asset Management LLC now owns 3,426 shares of the company’s stock worth $200,000 after buying an additional 1,077 shares in the last quarter. ETRADE Capital Management LLC acquired a new stake in Molina Healthcare during the third quarter worth $259,000. Trellus Management Company LLC acquired a new stake in Molina Healthcare during the third quarter worth $286,000. Empirical Financial Services LLC acquired a new stake in Molina Healthcare during the third quarter worth $385,000. Finally, Renaissance Group LLC acquired a new stake in Molina Healthcare during the fourth quarter worth $360,000. 90.72% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Molina Healthcare, Inc. (NYSE:MOH) opened at 45.86 on Monday. Molina Healthcare, Inc. has a 12 month low of $43.91 and a 12 month high of $67.87. The company’s 50-day moving average is $52.00 and its 200 day moving average is $54.65. The stock has a market capitalization of $2.60 billion, a P/E ratio of 49.85 and a beta of 0.96.
Molina Healthcare (NYSE:MOH) last released its earnings results on Wednesday, February 15th. The company reported ($1.54) earnings per share for the quarter, missing the consensus estimate of $0.75 by $2.29. Molina Healthcare had a return on equity of 9.38% and a net margin of 0.76%. The business had revenue of $4.46 billion for the quarter, compared to the consensus estimate of $4.55 billion. Equities research analysts predict that Molina Healthcare, Inc. will post $2.06 earnings per share for the current year.
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A number of research firms have recently weighed in on MOH. Stifel Nicolaus downgraded shares of Molina Healthcare from a “buy” rating to a “hold” rating and reduced their target price for the stock from $64.00 to $45.00 in a research report on Thursday, February 16th. Cowen and Company began coverage on shares of Molina Healthcare in a research report on Wednesday, March 15th. They issued a “market perform” rating and a $48.00 target price on the stock. Piper Jaffray Companies began coverage on shares of Molina Healthcare in a research report on Tuesday, January 3rd. They issued an “overweight” rating and a $65.00 target price on the stock. Zacks Investment Research downgraded shares of Molina Healthcare from a “buy” rating to a “hold” rating in a research report on Friday, December 30th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $59.00 target price on shares of Molina Healthcare in a research report on Thursday, February 16th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. Molina Healthcare has a consensus rating of “Hold” and an average price target of $59.00.
In other news, Director Ronna Romney sold 1,943 shares of Molina Healthcare stock in a transaction on Wednesday, March 8th. The stock was sold at an average price of $48.82, for a total transaction of $94,857.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Garrey Carruthers sold 3,100 shares of Molina Healthcare stock in a transaction on Monday, March 6th. The stock was sold at an average price of $49.22, for a total value of $152,582.00. Following the sale, the director now owns 8,365 shares of the company’s stock, valued at $411,725.30. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,384 shares of company stock valued at $1,248,013. Corporate insiders own 6.89% of the company’s stock.
About Molina Healthcare
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. Its Health Plans segment consists of health plans in approximately 10 states and the Commonwealth of Puerto Rico, and its direct delivery business.
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