Molina Healthcare, Inc. (NYSE:MOH) Shares Sold by Bridgeway Capital Management LLC

Bridgeway Capital Management LLC lessened its stake in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 10.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,040 shares of the company's stock after selling 1,000 shares during the quarter. Bridgeway Capital Management LLC's holdings in Molina Healthcare were worth $2,631,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB purchased a new position in shares of Molina Healthcare during the 3rd quarter worth $113,000. Principal Financial Group Inc. grew its holdings in Molina Healthcare by 3.3% during the third quarter. Principal Financial Group Inc. now owns 74,160 shares of the company's stock valued at $25,553,000 after purchasing an additional 2,389 shares during the period. Nordea Investment Management AB grew its holdings in Molina Healthcare by 7.2% during the fourth quarter. Nordea Investment Management AB now owns 4,445 shares of the company's stock valued at $1,300,000 after purchasing an additional 300 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in Molina Healthcare by 4.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,838 shares of the company's stock valued at $826,000 after purchasing an additional 132 shares during the period. Finally, Czech National Bank grew its holdings in Molina Healthcare by 3.9% during the fourth quarter. Czech National Bank now owns 12,403 shares of the company's stock valued at $3,610,000 after purchasing an additional 466 shares during the period. Hedge funds and other institutional investors own 98.50% of the company's stock.

Insider Activity at Molina Healthcare

In related news, Director Steven J. Orlando sold 1,000 shares of the company's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $301.33, for a total value of $301,330.00. Following the transaction, the director now directly owns 17,375 shares of the company's stock, valued at $5,235,608.75. This represents a 5.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Joseph M. Zubretsky sold 87,500 shares of the company's stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of $320.06, for a total value of $28,005,250.00. Following the completion of the transaction, the chief executive officer now directly owns 257,715 shares in the company, 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 have sold a total of 89,169 shares of company stock valued at $28,520,995 over the last ninety days. 1.10% of the stock is owned by company insiders.

Molina Healthcare Trading Up 0.3%

MOH stock traded up $0.99 during trading on Wednesday, hitting $311.44. The company had a trading volume of 206,441 shares, compared to its average volume of 681,801. The company has a 50 day simple moving average of $324.77 and a 200-day simple moving average of $308.41. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.69. Molina Healthcare, Inc. has a 52-week low of $262.32 and a 52-week high of $365.23. The firm has a market capitalization of $16.88 billion, a P/E ratio of 15.24, a PEG ratio of 1.06 and a beta of 0.63.

Molina Healthcare (NYSE:MOH - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $6.08 earnings per share for the quarter, topping the consensus estimate of $5.96 by $0.12. Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. The business had revenue of $11.15 billion during the quarter, compared to analysts' expectations of $10.86 billion. During the same period in the prior year, the business earned $5.73 EPS. The business's revenue for the quarter was up 12.2% compared to the same quarter last year. As a group, research analysts forecast that Molina Healthcare, Inc. will post 24.4 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MOH has been the topic of a number of research reports. Baird R W downgraded shares of Molina Healthcare from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th. UBS Group decreased their target price on Molina Healthcare from $374.00 to $325.00 and set a "neutral" rating on the stock in a research report on Friday, February 7th. Wells Fargo & Company upgraded Molina Healthcare from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $295.00 to $372.00 in a research report on Wednesday, March 5th. StockNews.com upgraded Molina Healthcare from a "hold" rating to a "buy" rating in a research report on Friday, April 11th. Finally, Guggenheim initiated coverage on Molina Healthcare in a research report on Wednesday, April 9th. They set a "neutral" rating for the company. Nine equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Molina Healthcare currently has an average rating of "Hold" and a consensus price target of $365.38.

Molina Healthcare Profile

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.