Boothbay Fund Management LLC Takes $658,000 Position in Molina Healthcare, Inc. (NYSE:MOH)

Boothbay Fund Management LLC purchased a new position in Molina Healthcare, Inc. (NYSE:MOH - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,260 shares of the company's stock, valued at approximately $658,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank acquired a new position in shares of Molina Healthcare during the fourth quarter valued at approximately $134,675,000. FMR LLC boosted its position in shares of Molina Healthcare by 31.1% during the 4th quarter. FMR LLC now owns 1,801,113 shares of the company's stock valued at $524,214,000 after purchasing an additional 427,276 shares in the last quarter. Invesco Ltd. boosted its holdings in Molina Healthcare by 28.5% during the fourth quarter. Invesco Ltd. now owns 1,327,021 shares of the company's stock worth $386,229,000 after buying an additional 294,180 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Molina Healthcare by 7.4% in the 4th quarter. Wellington Management Group LLP now owns 2,632,232 shares of the company's stock worth $766,111,000 after acquiring an additional 181,073 shares during the last quarter. Finally, Los Angeles Capital Management LLC boosted its position in shares of Molina Healthcare by 166.1% in the 4th quarter. Los Angeles Capital Management LLC now owns 196,513 shares of the company's stock valued at $57,195,000 after purchasing an additional 122,674 shares during the period. 98.50% of the stock is currently owned by institutional investors and hedge funds.

Molina Healthcare Trading Down 0.5 %

NYSE MOH traded down $1.73 during mid-day trading on Tuesday, reaching $317.90. 64,037 shares of the stock were exchanged, compared to its average volume of 675,590. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.62 and a quick ratio of 1.62. The stock has a 50 day simple moving average of $322.95 and a 200-day simple moving average of $307.51. Molina Healthcare, Inc. has a one year low of $262.32 and a one year high of $365.23. The stock has a market cap of $17.23 billion, a P/E ratio of 15.56, a P/E/G ratio of 1.06 and a beta of 0.63.

Molina Healthcare (NYSE:MOH - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $6.08 EPS for the quarter, beating the consensus estimate of $5.96 by $0.12. The firm had revenue of $11.15 billion during the quarter, compared to the consensus estimate of $10.86 billion. Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. The company's quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $5.73 earnings per share. On average, analysts anticipate that Molina Healthcare, Inc. will post 24.4 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Stephens reaffirmed an "equal weight" rating and set a $345.00 price objective on shares of Molina Healthcare in a research note on Thursday, February 6th. StockNews.com upgraded Molina Healthcare from a "hold" rating to a "buy" rating in a research note on Friday, April 11th. Baird R W cut Molina Healthcare from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Sanford C. Bernstein assumed coverage on shares of Molina Healthcare in a research report on Tuesday, April 22nd. They issued an "outperform" rating and a $414.00 price target for the company. Finally, Mizuho increased their price target on shares of Molina Healthcare from $376.00 to $400.00 and gave the company an "outperform" rating in a research note on Wednesday, April 9th. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $365.38.

Insiders Place Their Bets

In other news, Director Steven J. Orlando sold 1,000 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $301.33, for a total transaction of $301,330.00. Following the completion of the sale, the director now directly owns 17,375 shares in the company, valued at approximately $5,235,608.75. This represents a 5.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Joseph M. Zubretsky sold 87,500 shares of the stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of $320.06, for a total transaction of $28,005,250.00. Following the completion of the transaction, the chief executive officer now directly owns 257,715 shares of the company's stock, valued at approximately $82,484,262.90. The trade was a 25.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 89,169 shares of company stock worth $28,520,995 in the last quarter. 1.10% of the stock is 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.