Aware Super Pty Ltd as trustee of Aware Super Sells 7,056 Shares of Molina Healthcare, Inc $MOH

Key Points

• Aware Super Pty Ltd has significantly reduced its holdings in Molina Healthcare, Inc. by 87.9% during the second quarter, selling 7,056 shares and now owning only 975 shares valued at approximately $290,000.
• Institutional investors hold approximately 98.50% of Molina Healthcare's stock, indicating strong institutional interest in the company.
• Recent analyst reports have downgraded Molina Healthcare's price targets, with Sanford C. Bernstein lowering its target from $284.00 to $220.00 and the stock receiving a general consensus rating of "Hold."

Aware Super Pty Ltd as trustee of Aware Super lowered its holdings in shares of Molina Healthcare, Inc (NYSE:MOH - Free Report) by 87.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 975 shares of the company's stock after selling 7,056 shares during the period. Aware Super Pty Ltd as trustee of Aware Super's holdings in Molina Healthcare were worth $290,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the business. Teacher Retirement System of Texas bought a new position in shares of Molina Healthcare during the first quarter valued at about $2,759,000. Farther Finance Advisors LLC boosted its holdings in Molina Healthcare by 100.3% during the 1st quarter. Farther Finance Advisors LLC now owns 659 shares of the company's stock valued at $216,000 after acquiring an additional 330 shares during the period. Swedbank AB grew its position in Molina Healthcare by 6.8% during the 2nd quarter. Swedbank AB now owns 102,176 shares of the company's stock worth $30,438,000 after acquiring an additional 6,484 shares during the last quarter. Acadian Asset Management LLC increased its stake in Molina Healthcare by 3,192.6% in the 1st quarter. Acadian Asset Management LLC now owns 5,762 shares of the company's stock worth $1,897,000 after purchasing an additional 5,587 shares during the period. Finally, Robeco Institutional Asset Management B.V. bought a new stake in Molina Healthcare in the first quarter valued at approximately $1,070,000. 98.50% of the stock is owned by institutional investors.

Insider Activity at Molina Healthcare

In other news, COO James Woys purchased 10,000 shares of Molina Healthcare stock in a transaction that occurred on Monday, August 4th. The shares were bought at an average cost of $155.94 per share, with a total value of $1,559,400.00. Following the completion of the purchase, the chief operating officer directly owned 74,331 shares in the company, valued at approximately $11,591,176.14. This trade represents a 15.54% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ronna Romney sold 700 shares of the stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $153.74, for a total value of $107,618.00. Following the completion of the transaction, the director owned 17,131 shares of the company's stock, valued at approximately $2,633,719.94. This trade represents a 3.93% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on MOH. Sanford C. Bernstein cut their target price on shares of Molina Healthcare from $284.00 to $220.00 and set an "outperform" rating on the stock in a report on Friday, September 5th. Wall Street Zen cut shares of Molina Healthcare from a "buy" rating to a "hold" rating in a research report on Sunday, June 29th. The Goldman Sachs Group assumed coverage on shares of Molina Healthcare in a report on Tuesday. They issued a "neutral" rating and a $207.00 price target on the stock. Mizuho lowered their price objective on shares of Molina Healthcare from $400.00 to $330.00 and set an "outperform" rating for the company in a research note on Friday, July 11th. Finally, Weiss Ratings restated a "sell (d+)" rating on shares of Molina Healthcare in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $223.75.

Molina Healthcare Price Performance

Shares of NYSE MOH opened at $192.33 on Thursday. Molina Healthcare, Inc has a 1 year low of $151.95 and a 1 year high of $359.97. The stock has a market capitalization of $10.42 billion, a P/E ratio of 9.48 and a beta of 0.55. The company's 50-day moving average is $180.58 and its 200 day moving average is $246.65. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.66 and a quick ratio of 1.66.

Molina Healthcare (NYSE:MOH - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The company reported $5.48 earnings per share for the quarter, missing the consensus estimate of $5.50 by ($0.02). Molina Healthcare had a net margin of 2.60% and a return on equity of 27.72%. The firm had revenue of $11.43 billion for the quarter, compared to the consensus estimate of $10.94 billion. During the same period in the previous year, the firm posted $5.86 earnings per share. The business's revenue was up 15.7% compared to the same quarter last year. On average, sell-side analysts expect that Molina Healthcare, Inc will post 24.4 earnings per share for the current year.

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.

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