Molina Healthcare, Inc $MOH Shares Sold by Intech Investment Management LLC

Key Points

• Intech Investment Management LLC reduced its holdings in Molina Healthcare by 72.7%, selling 21,050 shares during the first quarter and now owning 7,922 shares valued at approximately $2.6 million.
• Multiple institutional investors, including Price T Rowe Associates and AQR Capital Management, have increased their stakes in Molina Healthcare, showing strong interest from larger entities.
• Molina Healthcare's stock is currently trading down 4.2% and analysts have revised their price targets, with estimates dropping significantly—from a high of $400 to a more conservative average target of $225.18.

Intech Investment Management LLC lessened its holdings in shares of Molina Healthcare, Inc (NYSE:MOH - Free Report) by 72.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,922 shares of the company's stock after selling 21,050 shares during the period. Intech Investment Management LLC's holdings in Molina Healthcare were worth $2,609,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Amalgamated Bank increased its stake in shares of Molina Healthcare by 0.3% during the first quarter. Amalgamated Bank now owns 11,580 shares of the company's stock worth $3,814,000 after purchasing an additional 33 shares in the last quarter. Deseret Mutual Benefit Administrators increased its stake 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 worth $30,000 after purchasing an additional 34 shares in the last quarter. JLB & Associates Inc. increased its stake in shares of Molina Healthcare by 0.3% during the first quarter. JLB & Associates Inc. now owns 10,626 shares of the company's stock worth $3,500,000 after purchasing an additional 36 shares in the last quarter. PenderFund Capital Management Ltd. increased its stake in shares of Molina Healthcare by 0.4% during the first quarter. PenderFund Capital Management Ltd. now owns 10,071 shares of the company's stock worth $3,317,000 after purchasing an additional 40 shares in the last quarter. Finally, Rothschild Investment LLC increased its stake in shares of Molina Healthcare by 126.3% during the first quarter. Rothschild Investment LLC now owns 86 shares of the company's stock worth $28,000 after purchasing an additional 48 shares in the last quarter. Hedge funds and other institutional investors own 98.50% of the company's stock.

Insider Transactions at Molina Healthcare

In other news, Director Ronna Romney sold 700 shares of the 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 completion of the transaction, the director owned 17,131 shares in the company, valued at $2,633,719.94. This trade represents a 3.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 price of $155.94 per share, with a total value of $1,559,400.00. Following the completion of the acquisition, the chief operating officer directly owned 74,331 shares in the company, valued at $11,591,176.14. This represents a 15.54% increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.26% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Morgan Stanley cut shares of Molina Healthcare from an "overweight" rating to an "equal weight" rating and cut their target price for the stock from $364.00 to $266.00 in a research note on Thursday, July 10th. UBS Group lowered their price target on shares of Molina Healthcare from $260.00 to $180.00 and set a "neutral" rating on the stock in a research report on Friday, July 25th. Wall Street Zen lowered shares of Molina Healthcare from a "buy" rating to a "hold" rating in a research report on Sunday, June 29th. Cantor Fitzgerald restated a "neutral" rating and set a $210.00 price target on shares of Molina Healthcare in a research report on Tuesday, August 26th. Finally, Mizuho lowered their price target on shares of Molina Healthcare from $400.00 to $330.00 and set an "outperform" rating on the stock in a research report on Friday, July 11th. Three investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, Molina Healthcare presently has a consensus rating of "Hold" and a consensus target price of $225.18.

Molina Healthcare Stock Up 0.2%

Shares of NYSE:MOH traded up $0.36 during trading hours on Tuesday, reaching $176.47. The stock had a trading volume of 861,628 shares, compared to its average volume of 1,368,777. The firm's 50 day moving average is $177.21 and its 200-day moving average is $264.38. Molina Healthcare, Inc has a 1 year low of $151.95 and a 1 year high of $361.80. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.66 and a current ratio of 1.66. The stock has a market capitalization of $9.56 billion, a price-to-earnings ratio of 8.70 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 earnings per share (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 company had revenue of $11.43 billion during the quarter, compared to analyst estimates of $10.94 billion. During the same quarter in the previous year, the company posted $5.86 EPS. The company's quarterly revenue was up 15.7% on a year-over-year basis. Research analysts predict that Molina Healthcare, Inc will post 24.4 earnings per share 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.