Molina Healthcare, Inc. (NYSE:MOH) Shares Sold by Martingale Asset Management L P

Martingale Asset Management L P trimmed its position in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 88.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,846 shares of the company's stock after selling 29,407 shares during the period. Martingale Asset Management L P's holdings in Molina Healthcare were worth $1,119,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. HighTower Advisors LLC raised its holdings in shares of Molina Healthcare by 2.1% in the 3rd quarter. HighTower Advisors LLC now owns 2,627 shares of the company's stock valued at $906,000 after purchasing an additional 55 shares in the last quarter. MML Investors Services LLC raised its position in shares of Molina Healthcare by 23.2% during the 3rd quarter. MML Investors Services LLC now owns 2,133 shares of the company's stock worth $735,000 after acquiring an additional 401 shares in the last quarter. Coldstream Capital Management Inc. raised its holdings in Molina Healthcare by 6.2% during the third quarter. Coldstream Capital Management Inc. now owns 2,298 shares of the company's stock worth $787,000 after purchasing an additional 135 shares in the last quarter. Virtu Financial LLC acquired a new stake in Molina Healthcare during the third quarter worth approximately $2,111,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Molina Healthcare during the 3rd quarter worth approximately $113,000. Institutional investors and hedge funds own 98.50% of the company's stock.

Insider Buying and Selling

In other news, Director Steven J. Orlando sold 1,000 shares of Molina Healthcare stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $301.33, for a total transaction of $301,330.00. Following the completion of the sale, the director now directly owns 17,375 shares in the company, valued at approximately $5,235,608.75. This trade represents a 5.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is owned by insiders.

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Analyst Ratings Changes

Several brokerages have issued reports on MOH. Barclays dropped their price objective on Molina Healthcare from $372.00 to $339.00 and set an "equal weight" rating on the stock in a report on Friday, February 7th. Wells Fargo & Company upgraded Molina Healthcare from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $295.00 to $372.00 in a research note on Wednesday, March 5th. Stephens reissued an "equal weight" rating and issued a $345.00 price objective on shares of Molina Healthcare in a report on Thursday, February 6th. UBS Group reduced their price target on shares of Molina Healthcare from $374.00 to $325.00 and set a "neutral" rating for the company in a research report on Friday, February 7th. Finally, StockNews.com upgraded shares of Molina Healthcare from a "hold" rating to a "buy" rating in a research note on Friday. Eight analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $359.42.

Molina Healthcare Stock Performance

NYSE:MOH traded down $13.00 during mid-day trading on Tuesday, reaching $335.57. The stock had a trading volume of 695,255 shares, compared to its average volume of 653,361. Molina Healthcare, Inc. has a twelve month low of $262.32 and a twelve month high of $373.22. The business has a 50 day simple moving average of $312.03 and a 200 day simple moving average of $308.21. The firm has a market capitalization of $18.36 billion, a price-to-earnings ratio of 16.43, a PEG ratio of 1.06 and a beta of 0.70. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.62 and a current ratio of 1.62.

Molina Healthcare (NYSE:MOH - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $5.05 earnings per share for the quarter, missing analysts' consensus estimates of $5.74 by ($0.69). Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. On average, analysts expect that Molina Healthcare, Inc. will post 24.4 earnings per share for the current fiscal year.

About Molina Healthcare

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.