XTX Topco Ltd cut its stake in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 52.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,706 shares of the company's stock after selling 1,915 shares during the quarter. XTX Topco Ltd's holdings in Molina Healthcare were worth $497,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Virtu Financial LLC purchased a new position in shares of Molina Healthcare in the third quarter valued at $2,111,000. Wilmington Savings Fund Society FSB acquired a new stake in Molina Healthcare in the 3rd quarter valued at about $113,000. Tri Ri Asset Management Corp purchased a new position in Molina Healthcare during the 3rd quarter valued at about $3,722,000. Oddo BHF Asset Management Sas acquired a new position in Molina Healthcare during the third quarter worth about $2,947,000. Finally, Principal Financial Group Inc. lifted its holdings in shares of Molina Healthcare by 3.3% in the third quarter. Principal Financial Group Inc. now owns 74,160 shares of the company's stock valued at $25,553,000 after purchasing an additional 2,389 shares in the last quarter. Hedge funds and other institutional investors own 98.50% of the company's stock.
Insider Buying and Selling
In other news, Director Steven J. Orlando sold 1,000 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was 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 $5,235,608.75. This trade represents a 5.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is currently owned by corporate insiders.
Molina Healthcare Trading Up 3.4 %
Shares of MOH traded up $10.80 during mid-day trading on Wednesday, reaching $331.96. The company had a trading volume of 894,122 shares, compared to its average volume of 667,602. The stock has a market cap of $18.16 billion, a price-to-earnings ratio of 16.25, a price-to-earnings-growth ratio of 1.06 and a beta of 0.70. 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 firm has a fifty day simple moving average of $316.43 and a 200-day simple moving average of $307.66. Molina Healthcare, Inc. has a fifty-two week low of $262.32 and a fifty-two week high of $370.99.
Molina Healthcare (NYSE:MOH - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $6.08 EPS for the quarter, topping the consensus estimate of $5.86 by $0.22. Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. During the same quarter last year, the firm earned $5.73 earnings per share. On average, sell-side analysts anticipate that Molina Healthcare, Inc. will post 24.4 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on MOH. Mizuho lifted their price objective on Molina Healthcare from $376.00 to $400.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 9th. Wells Fargo & Company raised Molina Healthcare from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $295.00 to $372.00 in a report on Wednesday, March 5th. StockNews.com raised Molina Healthcare from a "hold" rating to a "buy" rating in a research note on Friday, April 11th. Sanford C. Bernstein began coverage on shares of Molina Healthcare in a research note on Tuesday. They issued an "outperform" rating and a $414.00 target price for the company. Finally, Barclays lowered their price target on shares of Molina Healthcare from $372.00 to $339.00 and set an "equal weight" rating for the company in a report on Friday, February 7th. Nine analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $363.62.
Check Out Our Latest Stock Analysis on MOH
Molina Healthcare Profile
(
Free Report)
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.
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