Frontier Capital Management Co. LLC Buys 40,984 Shares of Molina Healthcare, Inc. (MOH)

Frontier Capital Management Co. LLC increased its stake in shares of Molina Healthcare, Inc. (NYSE:MOH) by 23.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 219,307 shares of the company’s stock after purchasing an additional 40,984 shares during the period. Frontier Capital Management Co. LLC’s holdings in Molina Healthcare were worth $16,816,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of MOH. Riverhead Capital Management LLC lifted its holdings in shares of 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 purchasing an additional 963 shares during the period. TIAA CREF Investment Management LLC lifted its holdings in shares of Molina Healthcare by 96.9% during the second quarter. TIAA CREF Investment Management LLC now owns 359,527 shares of the company’s stock worth $24,872,000 after purchasing an additional 176,972 shares during the period. Amalgamated Bank lifted its holdings in shares of Molina Healthcare by 4.3% during the second quarter. Amalgamated Bank now owns 6,237 shares of the company’s stock worth $431,000 after purchasing an additional 258 shares during the period. Thrivent Financial For Lutherans lifted its holdings in shares of Molina Healthcare by 6.3% during the second quarter. Thrivent Financial For Lutherans now owns 8,580 shares of the company’s stock worth $594,000 after purchasing an additional 510 shares during the period. Finally, Mutual of America Capital Management LLC lifted its holdings in shares of Molina Healthcare by 0.9% during the second quarter. Mutual of America Capital Management LLC now owns 35,140 shares of the company’s stock worth $2,431,000 after purchasing an additional 325 shares during the period.

In other news, Director John C. Molina sold 16,226 shares of the firm’s stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $92.49, for a total value of $1,500,742.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider William Dentino sold 45,000 shares of the firm’s stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $92.02, for a total value of $4,140,900.00. The disclosure for this sale can be found here. In the last three months, insiders sold 738,810 shares of company stock valued at $57,604,066. 6.20% of the stock is owned by corporate insiders.

MOH has been the subject of several recent research reports. ValuEngine raised Molina Healthcare from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Raymond James Financial reaffirmed a “hold” rating on shares of Molina Healthcare in a report on Friday, December 8th. Zacks Investment Research raised Molina Healthcare from a “sell” rating to a “hold” rating in a report on Monday, November 6th. Jefferies Group increased their price target on Molina Healthcare from $60.00 to $64.00 and gave the stock a “hold” rating in a report on Friday, October 13th. Finally, BMO Capital Markets initiated coverage on Molina Healthcare in a report on Monday, October 16th. They set a “market perform” rating and a $70.00 price target for the company. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $70.86.

Shares of Molina Healthcare, Inc. (MOH) opened at $91.83 on Monday. Molina Healthcare, Inc. has a fifty-two week low of $42.56 and a fifty-two week high of $93.98. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.29 and a quick ratio of 1.29. The company has a market capitalization of $5,240.00, a price-to-earnings ratio of -17.43, a price-to-earnings-growth ratio of 1.10 and a beta of 0.97.

Molina Healthcare (NYSE:MOH) last released its earnings results on Thursday, November 2nd. The company reported ($1.62) EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($1.85). Molina Healthcare had a negative net margin of 1.76% and a positive return on equity of 17.76%. The business had revenue of $5.03 billion during the quarter, compared to analyst estimates of $4.95 billion. During the same period last year, the business posted $0.85 EPS. Molina Healthcare’s revenue was up 10.7% compared to the same quarter last year. equities research analysts expect that Molina Healthcare, Inc. will post -3.88 EPS for the current year.

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Molina Healthcare Company Profile

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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Institutional Ownership by Quarter for Molina Healthcare (NYSE:MOH)

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