Chicago Equity Partners LLC lowered its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH) by 16.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 163,425 shares of the company’s stock after selling 31,970 shares during the period. Molina Healthcare comprises 0.8% of Chicago Equity Partners LLC’s portfolio, making the stock its 11th largest holding. Chicago Equity Partners LLC owned approximately 0.26% of Molina Healthcare worth $18,993,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. FMR LLC boosted its position in shares of Molina Healthcare by 85.3% during the second quarter. FMR LLC now owns 4,584,133 shares of the company’s stock valued at $448,970,000 after buying an additional 2,110,308 shares during the last quarter. Raymond James & Associates bought a new stake in Molina Healthcare during the second quarter worth $376,000. Advisors Asset Management Inc. lifted its holdings in Molina Healthcare by 2,264.2% during the second quarter. Advisors Asset Management Inc. now owns 93,813 shares of the company’s stock worth $118,000 after acquiring an additional 89,845 shares during the period. Schroder Investment Management Group lifted its holdings in Molina Healthcare by 2,670.6% during the second quarter. Schroder Investment Management Group now owns 47,100 shares of the company’s stock worth $4,640,000 after acquiring an additional 45,400 shares during the period. Finally, State of Alaska Department of Revenue lifted its holdings in Molina Healthcare by 62.1% during the third quarter. State of Alaska Department of Revenue now owns 10,231 shares of the company’s stock worth $1,520,000 after acquiring an additional 3,921 shares during the period.
A number of brokerages recently commented on MOH. Morgan Stanley lifted their price target on Molina Healthcare from $178.00 to $184.00 and gave the stock an “overweight” rating in a report on Thursday, October 18th. Stephens began coverage on Molina Healthcare in a report on Monday, January 14th. They set an “equal weight” rating and a $144.00 price target on the stock. Jefferies Financial Group upgraded Molina Healthcare from a “hold” rating to a “buy” rating and lifted their price target for the stock from $152.00 to $169.00 in a report on Tuesday, November 13th. Zacks Investment Research upgraded Molina Healthcare from a “hold” rating to a “strong-buy” rating and set a $155.00 price target on the stock in a report on Tuesday, October 23rd. Finally, Mitsubishi UFJ Financial Group upgraded Molina Healthcare from a “neutral” rating to an “overweight” rating in a report on Tuesday, January 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Molina Healthcare currently has a consensus rating of “Buy” and a consensus price target of $141.15.
Shares of MOH opened at $136.90 on Friday. The firm has a market capitalization of $8.54 billion, a price-to-earnings ratio of 244.46, a PEG ratio of 1.18 and a beta of 1.67. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.40 and a current ratio of 1.40. Molina Healthcare, Inc. has a 1 year low of $71.07 and a 1 year high of $154.06.
In other Molina Healthcare news, Director Charles Z. Fedak sold 3,795 shares of the business’s stock in a transaction on Monday, November 19th. The stock was sold at an average price of $120.74, for a total value of $458,208.30. Following the sale, the director now directly owns 18,464 shares in the company, valued at $2,229,343.36. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Steven J. Orlando sold 1,000 shares of the business’s stock in a transaction on Wednesday, November 14th. The shares were sold at an average price of $135.86, for a total value of $135,860.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,395 shares of company stock worth $671,770. Corporate insiders own 0.65% of the company’s stock.
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About Molina Healthcare
Molina Healthcare, Inc provides Medicaid-related solutions to meet the health care needs of low-income families and individuals; and to assist state agencies in their administration of the Medicaid program in the United States. It operates through three segments: Health Plans, Molina Medicaid Solutions, and Other.
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