Capital Fund Management S.A. Lowers Stock Holdings in Molina Healthcare, Inc $MOH

Key Points

• Capital Fund Management S.A. reduced its stake in Molina Healthcare by 69.0%, selling 62,576 shares and now owning approximately 0.05% of the company valued at about $9.26 million.
• In the first quarter, several hedge funds, including Rothschild Investment LLC and Elequin Capital LP, significantly increased their holdings in Molina Healthcare, demonstrating strong institutional interest in the stock.
• Molina Healthcare's stock recently opened at $172.65 with analysts lowering price targets, indicating a cautious outlook despite a year-over-year revenue increase of 15.7%.

Capital Fund Management S.A. cut its position in Molina Healthcare, Inc (NYSE:MOH - Free Report) by 69.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,105 shares of the company's stock after selling 62,576 shares during the quarter. Capital Fund Management S.A. owned 0.05% of Molina Healthcare worth $9,258,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in MOH. GAMMA Investing LLC increased its stake in Molina Healthcare by 74,593.7% during the 1st quarter. GAMMA Investing LLC now owns 667,015 shares of the company's stock valued at $219,708,000 after buying an additional 666,122 shares during the period. Voloridge Investment Management LLC lifted its stake in shares of Molina Healthcare by 1,641.3% in the fourth quarter. Voloridge Investment Management LLC now owns 409,807 shares of the company's stock worth $119,274,000 after buying an additional 386,273 shares during the last quarter. Two Sigma Investments LP bought a new position in Molina Healthcare during the fourth quarter worth $44,099,000. Nuveen LLC bought a new position in Molina Healthcare during the first quarter worth $46,441,000. Finally, BNP Paribas Financial Markets increased its holdings in Molina Healthcare by 138.4% in the 4th quarter. BNP Paribas Financial Markets now owns 177,150 shares of the company's stock valued at $51,560,000 after buying an additional 102,840 shares during the period. 98.50% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Truist Financial reiterated a "hold" rating and set a $180.00 price target (down previously from $335.00) on shares of Molina Healthcare in a research report on Friday, July 25th. Morgan Stanley cut Molina Healthcare from an "overweight" rating to an "equal weight" rating and lowered their target price for the stock from $364.00 to $266.00 in a research note on Thursday, July 10th. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $210.00 price target (down from $312.00) on shares of Molina Healthcare in a research note on Friday, July 25th. Barclays decreased their target price on shares of Molina Healthcare from $270.00 to $186.00 and set an "equal weight" rating for the company in a research note on Friday, July 25th. Finally, JPMorgan Chase & Co. decreased their target price on Molina Healthcare from $272.00 to $184.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 29th. Three investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $242.91.

Molina Healthcare Price Performance

MOH traded up $1.47 during trading on Friday, reaching $174.30. 1,183,908 shares of the company were exchanged, compared to its average volume of 1,700,347. The company's 50-day moving average is $211.01 and its two-hundred day moving average is $276.74. The company has a market cap of $9.45 billion, a price-to-earnings ratio of 8.59 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. Molina Healthcare, Inc has a 12-month low of $151.95 and a 12-month high of $365.23.

Molina Healthcare (NYSE:MOH - Get Free Report) last released 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). The business had revenue of $11.43 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 15.7% on a year-over-year basis. During the same period in the prior year, the business posted $5.86 EPS. Research analysts forecast that Molina Healthcare, Inc will post 24.4 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Molina Healthcare 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 price of $155.94 per share, for a total transaction of $1,559,400.00. Following the completion of the transaction, the chief operating officer owned 74,331 shares of the company's stock, valued at approximately $11,591,176.14. This trade represents a 15.54% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Ronna Romney sold 700 shares of the firm's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $153.74, for a total value of $107,618.00. Following the completion of the sale, the director directly owned 17,131 shares of the company's stock, valued at $2,633,719.94. The trade was a 3.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by corporate insiders.

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.