Credit Agricole S A Buys 7,568 Shares of Molina Healthcare, Inc $MOH

Key Points

• Credit Agricole S A increased its stake in Molina Healthcare, Inc by 102.4% during the 1st quarter, now holding 14,961 shares valued at approximately $4.9 million.
• Significant institutional investor activity has been observed, with GAMMA Investing LLC boosting its stake by an astounding 74,593.7% to hold 667,015 shares worth nearly $219.7 million.
• Molina Healthcare reported a miss on earnings expectations in its last quarterly earnings, posting $5.48 EPS against a consensus estimate of $5.50, with a 15.7% increase in revenue year-over-year.

Credit Agricole S A lifted its holdings in shares of Molina Healthcare, Inc (NYSE:MOH - Free Report) by 102.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,961 shares of the company's stock after acquiring an additional 7,568 shares during the quarter. Credit Agricole S A's holdings in Molina Healthcare were worth $4,928,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. GAMMA Investing LLC boosted its stake in shares of Molina Healthcare by 74,593.7% during the 1st quarter. GAMMA Investing LLC now owns 667,015 shares of the company's stock worth $219,708,000 after acquiring an additional 666,122 shares during the period. AQR Capital Management LLC boosted its stake in shares of Molina Healthcare by 19.6% during the 4th quarter. AQR Capital Management LLC now owns 620,294 shares of the company's stock worth $180,537,000 after acquiring an additional 101,630 shares during the period. Northern Trust Corp boosted its stake in shares of Molina Healthcare by 14.9% during the 4th quarter. Northern Trust Corp now owns 607,601 shares of the company's stock worth $176,842,000 after acquiring an additional 78,950 shares during the period. Jacobs Levy Equity Management Inc. boosted its stake in shares of Molina Healthcare by 6.4% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 537,057 shares of the company's stock worth $156,310,000 after acquiring an additional 32,273 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Molina Healthcare by 2.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 458,651 shares of the company's stock worth $133,490,000 after acquiring an additional 11,960 shares during the period. 98.50% of the stock is currently owned by institutional investors.

Insider Activity at Molina Healthcare

In other Molina Healthcare news, COO James Woys purchased 10,000 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The stock was bought at an average cost of $155.94 per share, with a total value 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 $11,591,176.14. The trade was a 15.54% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ronna Romney sold 700 shares of the firm's 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 sale, the director directly owned 17,131 shares of the company's stock, valued at $2,633,719.94. This represents a 3.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company's stock.

Molina Healthcare Price Performance

Shares of MOH opened at $174.30 on Friday. The stock has a market cap of $9.45 billion, a PE ratio of 8.59 and a beta of 0.52. The business has a 50-day simple moving average of $211.01 and a two-hundred day simple moving average of $277.08. 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 issued its quarterly earnings results on Wednesday, July 23rd. The company reported $5.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.50 by ($0.02). Molina Healthcare had a return on equity of 27.72% and a net margin of 2.60%.The firm had revenue of $11.43 billion during the quarter, compared to analyst estimates of $10.94 billion. During the same quarter last year, the firm posted $5.86 EPS. The firm's revenue for the quarter was up 15.7% on a year-over-year basis. Analysts anticipate that Molina Healthcare, Inc will post 24.4 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently commented on MOH shares. Morgan Stanley downgraded Molina Healthcare from an "overweight" rating to an "equal weight" rating and reduced their target price for the stock from $364.00 to $266.00 in a research note on Thursday, July 10th. Barclays dropped their price target on Molina Healthcare from $270.00 to $186.00 and set an "equal weight" rating for the company in a report on Friday, July 25th. Wells Fargo & Company dropped their price target on 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 price target on Molina Healthcare from $400.00 to $330.00 and set an "outperform" rating for the company in a report on Friday, July 11th. Finally, Robert W. Baird dropped their price target on Molina Healthcare from $373.00 to $179.00 and set a "neutral" rating for the company in a report on Friday, July 25th. 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, the stock presently has a consensus rating of "Hold" and a consensus price target of $242.91.

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.

Want to see what other hedge funds are holding MOH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Molina Healthcare, Inc (NYSE:MOH - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.