Molina Healthcare, Inc. (NYSE:MOH) Shares Sold by QRG Capital Management Inc.

QRG Capital Management Inc. reduced its stake in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 89.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,015 shares of the company's stock after selling 8,294 shares during the period. QRG Capital Management Inc.'s holdings in Molina Healthcare were worth $295,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of MOH. True Wealth Design LLC raised its position in Molina Healthcare by 2,500.0% during the third quarter. True Wealth Design LLC now owns 104 shares of the company's stock valued at $36,000 after acquiring an additional 100 shares in the last quarter. Versant Capital Management Inc increased its holdings in shares of Molina Healthcare by 83.1% during the 4th quarter. Versant Capital Management Inc now owns 163 shares of the company's stock valued at $47,000 after purchasing an additional 74 shares in the last quarter. Wingate Wealth Advisors Inc. purchased a new position in shares of Molina Healthcare during the 4th quarter valued at approximately $52,000. Financial Perspectives Inc acquired a new position in shares of Molina Healthcare in the 4th quarter valued at $59,000. Finally, Capital Performance Advisors LLP acquired a new stake in Molina Healthcare during the third quarter valued at $62,000. Hedge funds and other institutional investors own 98.50% of the company's stock.

Molina Healthcare Stock Up 1.8 %

NYSE:MOH traded up $5.95 during midday trading on Monday, hitting $333.28. 820,953 shares of the company were exchanged, compared to its average volume of 774,890. Molina Healthcare, Inc. has a fifty-two week low of $262.32 and a fifty-two week high of $423.92. The company has a market capitalization of $18.50 billion, a PE ratio of 16.31, a price-to-earnings-growth ratio of 1.06 and a beta of 0.56. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.69. The company has a fifty day simple moving average of $295.28 and a 200 day simple moving average of $311.40.

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

Insider Activity at Molina Healthcare

In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of Molina Healthcare stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $301.33, for a total value of $301,330.00. Following the transaction, the director now directly owns 17,375 shares in the company, valued at approximately $5,235,608.75. The trade was a 5.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on MOH shares. Wells Fargo & Company raised shares of Molina Healthcare from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $295.00 to $372.00 in a research note on Wednesday, March 5th. 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. StockNews.com cut Molina Healthcare from a "strong-buy" rating to a "buy" rating in a research report on Saturday, February 8th. UBS Group decreased their target price on Molina Healthcare from $374.00 to $325.00 and set a "neutral" rating on the stock in a research report on Friday, February 7th. Finally, JPMorgan Chase & Co. reissued a "neutral" rating and issued a $350.00 price target (down previously from $378.00) on shares of Molina Healthcare in a report on Tuesday, December 17th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $355.69.

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.