Canada Pension Plan Investment Board Has $19.17 Million Stock Position in Molina Healthcare, Inc $MOH

Key Points

• The Canada Pension Plan Investment Board has reduced its holdings in Molina Healthcare, Inc by 26.7%, now owning 58,211 shares valued at approximately $19.17 million.
• Several institutional investors, including BNP Paribas Financial Markets and Lido Advisors LLC, have significantly changed their positions in Molina Healthcare during the last quarter, with the institutional ownership rising to 98.5%.
• Analysts have cut their price targets for Molina Healthcare, with Barclays lowering it from $270 to $186, reflecting a cautious outlook on the stock's performance.

Canada Pension Plan Investment Board reduced its position in shares of Molina Healthcare, Inc (NYSE:MOH - Free Report) by 26.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,211 shares of the company's stock after selling 21,169 shares during the period. Canada Pension Plan Investment Board owned about 0.11% of Molina Healthcare worth $19,174,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Rothschild Investment LLC increased its stake in shares of Molina Healthcare by 126.3% in the first quarter. Rothschild Investment LLC now owns 86 shares of the company's stock worth $28,000 after buying an additional 48 shares during the last quarter. Zions Bancorporation National Association UT acquired a new position in shares of Molina Healthcare during the first quarter valued at $29,000. Colonial Trust Co SC boosted its holdings in shares of Molina Healthcare by 930.0% during the fourth quarter. Colonial Trust Co SC now owns 103 shares of the company's stock valued at $30,000 after acquiring an additional 93 shares during the period. Deseret Mutual Benefit Administrators boosted its holdings in shares of Molina Healthcare by 60.7% during the first quarter. Deseret Mutual Benefit Administrators now owns 90 shares of the company's stock valued at $30,000 after acquiring an additional 34 shares during the period. Finally, Elequin Capital LP boosted its holdings in shares of Molina Healthcare by 170.6% during the first quarter. Elequin Capital LP now owns 92 shares of the company's stock valued at $30,000 after acquiring an additional 58 shares during the period. Institutional investors own 98.50% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MOH. Cantor Fitzgerald reissued a "neutral" rating and set a $210.00 price target on shares of Molina Healthcare in a report on Tuesday, August 26th. Wall Street Zen downgraded shares of Molina Healthcare from a "buy" rating to a "hold" rating in a report on Sunday, June 29th. Wells Fargo & Company reduced their price target 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. UBS Group reduced their price target on shares of Molina Healthcare from $260.00 to $180.00 and set a "neutral" rating for the company in a report on Friday, July 25th. Finally, Robert W. Baird dropped their price target on shares of Molina Healthcare from $373.00 to $179.00 and set a "neutral" rating on the stock in a research report on Friday, July 25th. Three equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, Molina Healthcare has an average rating of "Hold" and an average price target of $225.18.

Molina Healthcare Price Performance

Shares of MOH traded up $3.68 during mid-day trading on Friday, reaching $174.51. The company had a trading volume of 1,294,913 shares, compared to its average volume of 1,435,618. Molina Healthcare, Inc has a twelve month low of $151.95 and a twelve month high of $365.23. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.66 and a quick ratio of 1.66. The company's 50-day moving average is $187.75 and its 200-day moving average is $269.88. The company has a market capitalization of $9.46 billion, a P/E ratio of 8.60 and a beta of 0.54.

Molina Healthcare (NYSE:MOH - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The company reported $5.48 EPS 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 during the quarter, compared to analyst estimates of $10.94 billion. During the same quarter in the prior year, the firm posted $5.86 EPS. The firm's revenue for the quarter was up 15.7% on a year-over-year basis. On average, equities analysts anticipate that Molina Healthcare, Inc will post 24.4 EPS for the current year.

Insider Activity

In other news, Director Ronna Romney sold 700 shares of the company's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $153.74, for a total value 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. This represents a 3.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO James Woys bought 10,000 shares of the stock in a transaction dated Monday, August 4th. The stock was purchased 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 in the company, valued at $11,591,176.14. The trade was 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 corporate 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.