Eqis Capital Management Inc. cut its stake in shares of Molina Healthcare, Inc. (NYSE:MOH) by 16.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,824 shares of the company’s stock after selling 971 shares during the quarter. Eqis Capital Management Inc.’s holdings in Molina Healthcare were worth $685,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Financial Gravity Companies Inc. purchased a new position in Molina Healthcare in the fourth quarter worth $51,000. Cypress Capital Management LLC WY raised its position in Molina Healthcare by 82.4% in the fourth quarter. Cypress Capital Management LLC WY now owns 602 shares of the company’s stock worth $70,000 after acquiring an additional 272 shares in the last quarter. Advisory Services Network LLC purchased a new position in Molina Healthcare in the fourth quarter worth $103,000. MERIAN GLOBAL INVESTORS UK Ltd purchased a new position in Molina Healthcare in the fourth quarter worth $139,000. Finally, NEXT Financial Group Inc purchased a new position in Molina Healthcare in the fourth quarter worth $145,000.
In other news, Director Ronna Romney sold 200 shares of the firm’s stock in a transaction on Friday, February 1st. The stock was sold at an average price of $132.72, for a total value of $26,544.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.77% of the company’s stock.
Several research analysts have issued reports on the company. Cowen assumed coverage on Molina Healthcare in a research report on Thursday, February 28th. They issued a “market perform” rating for the company. ValuEngine upgraded Molina Healthcare from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Barclays cut their price objective on Molina Healthcare from $140.00 to $130.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 17th. Mitsubishi UFJ Financial Group upgraded Molina Healthcare from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 8th. Finally, JPMorgan Chase & Co. upgraded Molina Healthcare from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $127.00 to $150.00 in a research report on Tuesday, January 8th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $144.83.
Shares of MOH stock opened at $120.68 on Monday. Molina Healthcare, Inc. has a fifty-two week low of $80.77 and a fifty-two week high of $154.06. The firm has a market capitalization of $7.56 billion, a PE ratio of 10.89, a PEG ratio of 0.97 and a beta of 1.68. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.52 and a quick ratio of 1.52.
Molina Healthcare (NYSE:MOH) last announced its quarterly earnings results on Monday, February 11th. The company reported $3.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $2.36. Molina Healthcare had a return on equity of 45.70% and a net margin of 3.74%. The business had revenue of $4.66 billion during the quarter, compared to analysts’ expectations of $4.56 billion. As a group, sell-side analysts anticipate that Molina Healthcare, Inc. will post 9.92 earnings per share for the current fiscal year.
Molina Healthcare Company Profile
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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