Sei Investments Co. lifted its stake in shares of Molina Healthcare Inc (NYSE:MOH) by 9.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 150,233 shares of the company’s stock after purchasing an additional 13,169 shares during the period. Sei Investments Co. owned about 0.26% of Molina Healthcare worth $10,330,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. LS Investment Advisors LLC boosted its position in Molina Healthcare by 40.9% during the second quarter. LS Investment Advisors LLC now owns 1,829 shares of the company’s stock worth $127,000 after acquiring an additional 531 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in Molina Healthcare during the second quarter worth about $136,000. Riverhead Capital Management LLC boosted its position in Molina Healthcare by 64.2% during the second quarter. Riverhead Capital Management LLC now owns 2,463 shares of the company’s stock worth $170,000 after acquiring an additional 963 shares during the last quarter. Sabal Trust CO acquired a new position in Molina Healthcare during the third quarter worth about $206,000. Finally, Bronfman E.L. Rothschild L.P. boosted its position in Molina Healthcare by 478.7% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,316 shares of the company’s stock worth $229,000 after acquiring an additional 2,743 shares during the last quarter. Hedge funds and other institutional investors own 97.98% of the company’s stock.
A number of equities analysts recently weighed in on the stock. BidaskClub lowered shares of Molina Healthcare from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. ValuEngine upgraded shares of Molina Healthcare from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. TheStreet lowered shares of Molina Healthcare from a “b” rating to a “c” rating in a report on Monday, August 7th. BMO Capital Markets initiated coverage on shares of Molina Healthcare in a report on Monday, October 16th. They issued a “market perform” rating and a $70.00 target price on the stock. Finally, Mitsubishi UFJ Financial Group initiated coverage on shares of Molina Healthcare in a report on Thursday, September 21st. They issued a “neutral” rating and a $70.00 target price on the stock. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. Molina Healthcare currently has an average rating of “Hold” and an average price target of $64.30.
Molina Healthcare (NYSE:MOH) last announced its earnings results on Thursday, November 2nd. The company reported ($1.62) earnings per share for the quarter, missing the consensus estimate of $0.23 by ($1.85). Molina Healthcare had a positive return on equity of 17.76% and a negative net margin of 1.76%. The business had revenue of $5.03 billion for the quarter, compared to analysts’ expectations of $4.95 billion. During the same period in the previous year, the company earned $0.85 earnings per share. Molina Healthcare’s quarterly revenue was up 10.7% on a year-over-year basis. analysts predict that Molina Healthcare Inc will post -3.88 earnings per share for the current year.
In other Molina Healthcare news, insider William Dentino sold 66,000 shares of the stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $64.87, for a total value of $4,281,420.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Terry Bayer sold 9,077 shares of the stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $77.45, for a total transaction of $703,013.65. Following the completion of the sale, the chief operating officer now directly owns 74,478 shares in the company, valued at $5,768,321.10. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 410,835 shares of company stock worth $27,835,096. 6.20% of the stock is owned by insiders.
About Molina Healthcare
Molina Healthcare, Inc offers Medicaid-related solutions for low-income families and individuals, and assists government agencies in their administration of the Medicaid program. The Company operates through three segments: Health Plans, Molina Medicaid Solutions and Other, which includes its Pathways Health and Community Support LLC (Pathways) business.
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