QRG Capital Management Inc. Trims Stock Position in Molina Healthcare, Inc. (NYSE:MOH)

QRG Capital Management Inc. lowered its position in Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 54.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,309 shares of the company's stock after selling 10,963 shares during the period. QRG Capital Management Inc.'s holdings in Molina Healthcare were worth $3,207,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Capital International Investors raised its holdings in shares of Molina Healthcare by 0.9% in the first quarter. Capital International Investors now owns 1,665,801 shares of the company's stock valued at $684,361,000 after purchasing an additional 15,264 shares during the last quarter. Renaissance Technologies LLC grew its position in Molina Healthcare by 13.3% during the second quarter. Renaissance Technologies LLC now owns 949,691 shares of the company's stock valued at $282,343,000 after buying an additional 111,154 shares during the period. Boston Partners grew its position in Molina Healthcare by 14.8% during the first quarter. Boston Partners now owns 798,950 shares of the company's stock valued at $328,101,000 after buying an additional 103,245 shares during the period. Dimensional Fund Advisors LP grew its position in Molina Healthcare by 22.0% during the second quarter. Dimensional Fund Advisors LP now owns 470,932 shares of the company's stock valued at $140,026,000 after buying an additional 84,929 shares during the period. Finally, AQR Capital Management LLC boosted its position in Molina Healthcare by 36.2% during the second quarter. AQR Capital Management LLC now owns 463,537 shares of the company's stock worth $137,810,000 after purchasing an additional 123,121 shares during the period. Hedge funds and other institutional investors own 98.50% of the company's stock.

Molina Healthcare Trading Up 3.5 %

Shares of MOH traded up $11.49 during mid-day trading on Thursday, reaching $337.69. The company's stock had a trading volume of 574,294 shares, compared to its average volume of 532,859. The stock has a market cap of $19.32 billion, a PE ratio of 16.58, a P/E/G ratio of 1.14 and a beta of 0.59. The company has a current ratio of 1.54, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53. Molina Healthcare, Inc. has a 52 week low of $272.69 and a 52 week high of $423.92. The company's fifty day moving average price is $331.63 and its two-hundred day moving average price is $327.37.

Molina Healthcare (NYSE:MOH - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $10.34 billion during the quarter, compared to analyst estimates of $9.92 billion. Molina Healthcare had a net margin of 2.92% and a return on equity of 27.88%. The business's quarterly revenue was up 21.0% on a year-over-year basis. During the same period in the previous year, the business posted $5.05 EPS. On average, analysts predict that Molina Healthcare, Inc. will post 23.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

MOH has been the subject of a number of research reports. Stephens reiterated an "equal weight" rating and set a $320.00 target price on shares of Molina Healthcare in a research report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Molina Healthcare from $354.00 to $353.00 and set a "hold" rating for the company in a research report on Monday, July 29th. Robert W. Baird cut their target price on shares of Molina Healthcare from $405.00 to $331.00 and set an "outperform" rating for the company in a research report on Thursday, October 24th. Truist Financial reduced their price objective on shares of Molina Healthcare from $440.00 to $400.00 and set a "buy" rating for the company in a research note on Monday, July 15th. Finally, StockNews.com raised shares of Molina Healthcare from a "hold" rating to a "buy" rating in a research note on Friday, October 18th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Molina Healthcare has an average rating of "Moderate Buy" and a consensus target price of $367.17.

Insider Activity at Molina Healthcare

In related news, CAO Maurice Hebert sold 393 shares of the company's stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $346.52, for a total transaction of $136,182.36. Following the completion of the sale, the chief accounting officer now directly owns 9,473 shares in the company, valued at $3,282,583.96. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.11% of the stock is currently owned by company insiders.

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.