Molina Healthcare, Inc $MOH Position Reduced by BI Asset Management Fondsmaeglerselskab A S

Key Points

• BI Asset Management Fondsmaeglerselskab A S reduced its holdings in Molina Healthcare by 59.0% in the first quarter, owning 1,919 shares valued at $632,000 after selling 2,766 shares.
• Insider transactions include COO James Woys acquiring 10,000 shares and Director Ronna Romney selling 700 shares, reflecting a 15.54% increase in Woys' position and a 3.93% decrease in Romney's.
• Molina Healthcare's stock saw multiple price target downgrades from analysts, with Mizuho lowering theirs from $400 to $330 and UBS Group cutting from $260 to $180, while maintaining a consensus rating of "Hold."

BI Asset Management Fondsmaeglerselskab A S decreased its holdings in Molina Healthcare, Inc (NYSE:MOH - Free Report) by 59.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,919 shares of the company's stock after selling 2,766 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Molina Healthcare were worth $632,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Brooklyn Investment Group increased its holdings in shares of Molina Healthcare by 30.8% during the 1st quarter. Brooklyn Investment Group now owns 523 shares of the company's stock worth $172,000 after buying an additional 123 shares during the last quarter. Elequin Capital LP increased its holdings in Molina Healthcare by 170.6% in the 1st quarter. Elequin Capital LP now owns 92 shares of the company's stock valued at $30,000 after purchasing an additional 58 shares during the last quarter. Raymond James Financial Inc. increased its holdings in Molina Healthcare by 13.9% in the 1st quarter. Raymond James Financial Inc. now owns 41,983 shares of the company's stock valued at $13,829,000 after purchasing an additional 5,135 shares during the last quarter. Cresset Asset Management LLC increased its holdings in Molina Healthcare by 8.2% in the 1st quarter. Cresset Asset Management LLC now owns 5,005 shares of the company's stock valued at $1,649,000 after purchasing an additional 381 shares during the last quarter. Finally, Brandywine Global Investment Management LLC acquired a new stake in Molina Healthcare in the 1st quarter valued at approximately $10,918,000. Institutional investors and hedge funds own 98.50% of the company's stock.

Insider Transactions at Molina Healthcare

In related news, Director Ronna Romney sold 700 shares of the business's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $153.74, for a total transaction of $107,618.00. Following the sale, the director owned 17,131 shares of the company's stock, valued at approximately $2,633,719.94. The trade was a 3.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO James Woys acquired 10,000 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The shares were bought at an average cost of $155.94 per share, for a total transaction of $1,559,400.00. Following the acquisition, the chief operating officer owned 74,331 shares of the company's stock, valued at $11,591,176.14. This represents a 15.54% increase in their position. The disclosure for this purchase can be found here. 1.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on MOH. Wells Fargo & Company dropped their target price on shares of Molina Healthcare from $216.00 to $198.00 and set an "overweight" rating for the company in a report on Friday, August 15th. Mizuho dropped their target price on shares of Molina Healthcare from $400.00 to $330.00 and set an "outperform" rating for the company in a report on Friday, July 11th. Robert W. Baird decreased their price target on shares of Molina Healthcare from $373.00 to $179.00 and set a "neutral" rating for the company in a research report on Friday, July 25th. Barclays decreased their price target on shares of Molina Healthcare from $270.00 to $186.00 and set an "equal weight" rating for the company in a research report on Friday, July 25th. Finally, Cantor Fitzgerald reissued a "neutral" rating and issued a $210.00 price target on shares of Molina Healthcare in a research report on Tuesday. Three investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $242.91.

Molina Healthcare Stock Performance

MOH traded up $4.15 on Friday, reaching $178.87. The company had a trading volume of 394,791 shares, compared to its average volume of 1,003,098. Molina Healthcare, Inc has a 1 year low of $151.95 and a 1 year high of $365.23. The stock has a market capitalization of $9.69 billion, a PE ratio of 8.82 and a beta of 0.52. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.77. The stock has a 50-day moving average price of $201.59 and a 200-day moving average price of $273.82.

Molina Healthcare (NYSE:MOH - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The company reported $5.48 earnings per share for the quarter, missing analysts' consensus estimates of $5.50 by ($0.02). The company had revenue of $11.43 billion during the quarter, compared to analysts' expectations of $10.94 billion. Molina Healthcare had a net margin of 2.60% and a return on equity of 27.72%. Molina Healthcare's revenue was up 15.7% on a year-over-year basis. During the same period last year, the firm earned $5.86 earnings per share. As a group, research analysts forecast that Molina Healthcare, Inc will post 24.4 EPS for the current fiscal year.

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.