9,371 Molina Healthcare, Inc $MOH Shares Sold by State of Alaska Department of Revenue

Key Points

• State of Alaska Department of Revenue cut its Molina Healthcare position by 51% in the third quarter, selling 9,371 shares and retaining 9,018 shares worth approximately $1.7 million.
• Institutional ownership remains high at 98.5%, with major investors including BlackRock, Wellington Management and Dimensional Fund Advisors holding or adding substantial positions.
• Analyst sentiment is broadly neutral: Molina has a consensus “Hold” rating and an average price target of $202.44, while recent analysts lowered targets despite the stock trading near $210.58.

State of Alaska Department of Revenue decreased its position in Molina Healthcare, Inc (NYSE:MOH - Free Report) by 51.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,018 shares of the company's stock after selling 9,371 shares during the period. State of Alaska Department of Revenue's holdings in Molina Healthcare were worth $1,704,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. acquired a new stake in Molina Healthcare during the 2nd quarter worth about $1,503,052,000. Wellington Management Group LLP lifted its stake in shares of Molina Healthcare by 11.9% in the 2nd quarter. Wellington Management Group LLP now owns 1,267,207 shares of the company's stock valued at $289,810,000 after purchasing an additional 135,247 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Molina Healthcare by 23.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,394,882 shares of the company's stock valued at $185,929,000 after purchasing an additional 267,121 shares during the period. Manning & Napier Advisors LLC acquired a new position in shares of Molina Healthcare in the 2nd quarter valued at about $152,339,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Molina Healthcare during the 2nd quarter valued at about $86,138,000. Institutional investors and hedge funds own 98.50% of the company's stock.

Wall Street Analysts Forecast Growth

MOH has been the subject of several recent analyst reports. Royal Bank Of Canada decreased their target price on Molina Healthcare from $248.00 to $218.00 and set a "sector perform" rating for the company in a research note on Friday, July 24th. Cantor Fitzgerald reiterated a "neutral" rating on shares of Molina Healthcare in a report on Friday, October 9th. Barclays dropped their price target on Molina Healthcare from $184.00 to $180.00 and set an "underweight" rating on the stock in a research note on Friday, July 24th. Weiss Ratings cut Molina Healthcare from a "sell (d+)" rating to a "sell (d)" rating in a report on Tuesday, October 6th. Finally, Wells Fargo & Company cut their price target on Molina Healthcare from $235.00 to $220.00 and set an "equal weight" rating on the stock in a report on Tuesday, July 28th. Three analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $202.44.

Molina Healthcare Trading Up 1.6%

MOH opened at $210.58 on Tuesday. The company has a fifty day moving average price of $199.79 and a two-hundred day moving average price of $194.39. Molina Healthcare, Inc has a 1-year low of $121.06 and a 1-year high of $244.89. The company has a market cap of $10.99 billion, a P/E ratio of 70.29, a price-to-earnings-growth ratio of 29.73 and a beta of 0.78. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.95.

Molina Healthcare (NYSE:MOH - Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $1.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.39 by $0.12. The company had revenue of $10.87 billion for the quarter, compared to analysts' expectations of $10.83 billion. Molina Healthcare had a negative net margin of 0.02% and a positive return on equity of 3.73%. The business's revenue was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.48 EPS. Analysts predict that Molina Healthcare, Inc will post 5.28 EPS for the current fiscal year.

About Molina Healthcare

Molina Healthcare, Inc is a managed-care company that provides health insurance and related services primarily through government-sponsored programs. Its offerings include Medicaid, Medicare, Medicare-Medicaid dual-eligible plans and health plans sold through government marketplaces under the Affordable Care Act.

The company's services generally include medical care coordination, behavioral health support, pharmacy benefits and, depending on the plan and state, dental and vision benefits.

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