Eagle Asset Management Inc. reduced its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH) by 20.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 131,695 shares of the company’s stock after selling 33,834 shares during the period. Eagle Asset Management Inc.’s holdings in Molina Healthcare were worth $10,098,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in MOH. Iridian Asset Management LLC CT bought a new stake in Molina Healthcare during the 4th quarter valued at about $128,179,000. Jana Partners LLC increased its stake in Molina Healthcare by 52.5% during the 3rd quarter. Jana Partners LLC now owns 2,125,351 shares of the company’s stock valued at $146,139,000 after purchasing an additional 731,992 shares in the last quarter. Tavio Capital LLC increased its stake in Molina Healthcare by 418.0% during the 3rd quarter. Tavio Capital LLC now owns 537,192 shares of the company’s stock valued at $36,937,000 after purchasing an additional 433,485 shares in the last quarter. Victory Capital Management Inc. increased its stake in Molina Healthcare by 36.0% during the 4th quarter. Victory Capital Management Inc. now owns 1,590,409 shares of the company’s stock valued at $121,953,000 after purchasing an additional 420,756 shares in the last quarter. Finally, Sectoral Asset Management Inc bought a new stake in Molina Healthcare during the 3rd quarter valued at about $15,152,000. Institutional investors and hedge funds own 96.22% of the company’s stock.
Shares of Molina Healthcare, Inc. (NYSE MOH) opened at $71.14 on Thursday. Molina Healthcare, Inc. has a 12 month low of $42.56 and a 12 month high of $93.98. The company has a market cap of $4,289.34, a P/E ratio of 24.53, a PEG ratio of 1.27 and a beta of 1.10. The company has a quick ratio of 1.29, a current ratio of 1.35 and a debt-to-equity ratio of 1.13.
In other news, Director Charles Z. Fedak sold 4,487 shares of Molina Healthcare stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $72.55, for a total value of $325,531.85. Following the completion of the sale, the director now directly owns 20,648 shares in the company, valued at $1,498,012.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John C. Molina sold 6,400 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $78.18, for a total transaction of $500,352.00. The disclosure for this sale can be found here. Insiders sold 668,292 shares of company stock valued at $53,340,151 over the last quarter. Company insiders own 6.20% of the company’s stock.
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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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