Mn Services Vermogensbeheer B.V. Sells 100 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Mn Services Vermogensbeheer B.V. cut its stake in shares of Molina Healthcare, Inc. (NYSE:MOH) by 0.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 22,800 shares of the company’s stock after selling 100 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Molina Healthcare were worth $7,856,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of MOH. Capital International Investors increased its position in Molina Healthcare by 0.9% during the first quarter. Capital International Investors now owns 1,665,801 shares of the company’s stock valued at $684,361,000 after acquiring an additional 15,264 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Molina Healthcare by 13.3% during the 2nd quarter. Renaissance Technologies LLC now owns 949,691 shares of the company’s stock valued at $282,343,000 after purchasing an additional 111,154 shares during the last quarter. Boston Partners lifted its stake in shares of Molina Healthcare by 14.8% in the 1st quarter. Boston Partners now owns 798,950 shares of the company’s stock worth $328,101,000 after purchasing an additional 103,245 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Molina Healthcare by 22.0% in the second quarter. Dimensional Fund Advisors LP now owns 470,932 shares of the company’s stock worth $140,026,000 after buying an additional 84,929 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in Molina Healthcare by 36.2% during the second quarter. AQR Capital Management LLC now owns 463,537 shares of the company’s stock valued at $137,810,000 after buying an additional 123,121 shares during the period. 98.50% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on MOH shares. Robert W. Baird dropped their price target on shares of Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. JPMorgan Chase & Co. lowered their target price on Molina Healthcare from $420.00 to $395.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 10th. Jefferies Financial Group reduced their price target on Molina Healthcare from $354.00 to $297.00 and set a “hold” rating for the company in a research report on Wednesday, July 24th. StockNews.com raised Molina Healthcare from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Finally, Barclays increased their target price on shares of Molina Healthcare from $359.00 to $372.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $367.17.

Molina Healthcare Price Performance

Shares of NYSE:MOH opened at $333.39 on Wednesday. The firm has a market cap of $19.07 billion, a price-to-earnings ratio of 16.93, a P/E/G ratio of 1.13 and a beta of 0.59. The firm has a fifty day moving average price of $332.15 and a 200 day moving average price of $327.38. Molina Healthcare, Inc. has a fifty-two week low of $272.69 and a fifty-two week high of $423.92. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 1.54.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $6.01 EPS for the quarter, beating the consensus estimate of $5.96 by $0.05. Molina Healthcare had a net margin of 2.92% and a return on equity of 27.88%. The business had revenue of $10.34 billion during the quarter, compared to the consensus estimate of $9.92 billion. During the same quarter in the prior year, the firm earned $5.05 EPS. The business’s revenue was up 21.0% on a year-over-year basis. As a group, sell-side analysts expect that Molina Healthcare, Inc. will post 23.44 earnings per share for the current fiscal year.

Insider Buying and Selling at Molina Healthcare

In other Molina Healthcare news, CAO Maurice Hebert sold 393 shares of Molina Healthcare stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $346.52, for a total value of $136,182.36. Following the sale, the chief accounting officer now owns 9,473 shares of the company’s stock, valued at $3,282,583.96. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.11% of the stock is currently owned by company insiders.

About Molina Healthcare

Molina Healthcare, Inc provides managed healthcare services to low-income families and individuals under the Medicaid and Medicare programs and through the state insurance marketplaces. It operates in four segments: Medicaid, Medicare, Marketplace, and Other. The company served in across 19 states. The company was founded in 1980 and is headquartered in Long Beach, California.