Inspire Investing LLC Sells 3,423 Shares of Molina Healthcare, Inc $MOH

Key Points

• Inspire Investing LLC has significantly reduced its stake in Molina Healthcare, Inc by 37.1%, now holding 5,806 shares valued at approximately $1.91 million.
• Molina Healthcare reported earnings per share (EPS) of $5.48 for the last quarter, missing analyst estimates by $0.02, despite revenue increasing by 15.7% year-over-year.
• Wall Street analysts have downgraded Molina Healthcare's rating from "buy" to "hold," with the average target price now set at $225.18.

Inspire Investing LLC trimmed its holdings in Molina Healthcare, Inc (NYSE:MOH - Free Report) by 37.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,806 shares of the company's stock after selling 3,423 shares during the quarter. Inspire Investing LLC's holdings in Molina Healthcare were worth $1,912,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its holdings in shares of Molina Healthcare by 46.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,838,043 shares of the company's stock valued at $1,264,214,000 after purchasing an additional 1,216,903 shares during the last quarter. GAMMA Investing LLC increased its position 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 in the last quarter. Voloridge Investment Management LLC increased its position in Molina Healthcare by 1,641.3% during the 4th quarter. Voloridge Investment Management LLC now owns 409,807 shares of the company's stock valued at $119,274,000 after buying an additional 386,273 shares in the last quarter. AQR Capital Management LLC raised its stake in Molina Healthcare by 42.7% during the first quarter. AQR Capital Management LLC now owns 884,958 shares of the company's stock valued at $288,125,000 after buying an additional 264,664 shares during the last quarter. Finally, Two Sigma Investments LP bought a new stake in Molina Healthcare in the fourth quarter worth $44,099,000. Institutional investors own 98.50% of the company's stock.

Molina Healthcare Stock Performance

Molina Healthcare stock traded up $3.82 during midday trading on Thursday, reaching $180.14. 271,169 shares of the company traded hands, compared to its average volume of 1,023,566. Molina Healthcare, Inc has a 12 month low of $151.95 and a 12 month high of $359.97. 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 business has a 50 day moving average of $176.00 and a two-hundred day moving average of $263.77. The firm has a market capitalization of $9.76 billion, a price-to-earnings ratio of 8.88 and a beta of 0.54.

Molina Healthcare (NYSE:MOH - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The company reported $5.48 EPS 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 the consensus estimate of $10.94 billion. Molina Healthcare had a return on equity of 27.72% and a net margin of 2.60%.The company's revenue for the quarter was up 15.7% on a year-over-year basis. During the same period last year, the firm posted $5.86 EPS. As a group, research analysts predict that Molina Healthcare, Inc will post 24.4 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Barclays reduced their price target on Molina Healthcare from $186.00 to $185.00 and set an "equal weight" rating for the company in a report on Thursday, September 4th. Wall Street Zen lowered shares of Molina Healthcare from a "buy" rating to a "hold" rating in a research note on Sunday, June 29th. Sanford C. Bernstein decreased their target price on shares of Molina Healthcare from $284.00 to $220.00 and set an "outperform" rating for the company in a report on Friday, September 5th. Wells Fargo & Company cut their price target on shares of Molina Healthcare from $216.00 to $198.00 and set an "overweight" rating on the stock in a report on Friday, August 15th. Finally, Cantor Fitzgerald reissued a "neutral" rating and set a $210.00 price target on shares of Molina Healthcare in a research report on Tuesday, August 26th. Three research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $225.18.

Insider Transactions at Molina Healthcare

In other news, COO James Woys bought 10,000 shares of the company's stock in a transaction on Monday, August 4th. The shares were acquired 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 approximately $11,591,176.14. This trade represents a 15.54% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 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 ownership of the stock. The disclosure for this sale 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.