Molina Healthcare, Inc. (NYSE:MOH) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC decreased its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 48.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 73,839 shares of the company's stock after selling 69,414 shares during the quarter. Los Angeles Capital Management LLC owned about 0.13% of Molina Healthcare worth $25,442,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Innealta Capital LLC acquired a new position in Molina Healthcare in the second quarter valued at approximately $36,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Molina Healthcare during the second quarter worth approximately $40,000. AM Squared Ltd acquired a new position in shares of Molina Healthcare during the second quarter worth approximately $59,000. Capital Performance Advisors LLP bought a new stake in Molina Healthcare during the third quarter worth approximately $62,000. Finally, UMB Bank n.a. raised its holdings in Molina Healthcare by 96.2% during the third quarter. UMB Bank n.a. now owns 206 shares of the company's stock worth $71,000 after purchasing an additional 101 shares in the last quarter. Institutional investors and hedge funds own 98.50% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on MOH. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Molina Healthcare from $354.00 to $353.00 and set a "hold" rating on the stock in a report on Monday, July 29th. TD Cowen lowered their price target on shares of Molina Healthcare from $412.00 to $351.00 and set a "buy" rating on the stock in a report on Wednesday, July 24th. Robert W. Baird decreased their price objective on shares of Molina Healthcare from $405.00 to $331.00 and set an "outperform" rating for the company in a report on Thursday, October 24th. Barclays upped their price objective on shares of Molina Healthcare from $359.00 to $372.00 and gave the stock an "equal weight" rating in a report on Friday, October 25th. Finally, Stephens reissued an "equal weight" rating and set a $320.00 target price on shares of Molina Healthcare in a research report on Thursday, July 25th. One analyst has rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Molina Healthcare presently has an average rating of "Moderate Buy" and an average price target of $367.17.

Insider Activity

In other Molina Healthcare news, CAO Maurice Hebert sold 393 shares of the firm's stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $346.52, for a total value of $136,182.36. Following the transaction, the chief accounting officer now directly owns 9,473 shares of the company's stock, valued at approximately $3,282,583.96. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.10% of the company's stock.

Molina Healthcare Price Performance

MOH stock traded down $1.05 during trading on Monday, reaching $328.60. 714,831 shares of the company were exchanged, compared to its average volume of 535,779. Molina Healthcare, Inc. has a twelve month low of $272.69 and a twelve month high of $423.92. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.54 and a quick ratio of 1.55. The company has a market capitalization of $18.80 billion, a price-to-earnings ratio of 16.69, a P/E/G ratio of 1.14 and a beta of 0.59. The company has a 50-day moving average of $330.55 and a two-hundred day moving average of $326.52.

Molina Healthcare (NYSE:MOH - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The company reported $6.01 earnings per share for the quarter, topping analysts' consensus estimates of $5.96 by $0.05. Molina Healthcare had a net margin of 2.92% and a return on equity of 27.88%. The firm had revenue of $10.34 billion for the quarter, compared to analyst estimates of $9.92 billion. During the same period in the previous year, the firm posted $5.05 EPS. The company's revenue for the quarter was up 21.0% compared to the same quarter last year. As a group, equities analysts predict that Molina Healthcare, Inc. will post 23.44 earnings per share for the current fiscal year.

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.