Worldquant Millennium Advisors LLC Acquires 48,632 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Worldquant Millennium Advisors LLC lifted its holdings in Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 64.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 124,441 shares of the company's stock after purchasing an additional 48,632 shares during the period. Worldquant Millennium Advisors LLC owned about 0.22% of Molina Healthcare worth $36,219,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Sovereign s Capital Management LLC acquired a new stake in shares of Molina Healthcare during the 4th quarter valued at $3,797,000. Two Sigma Advisers LP purchased a new position in Molina Healthcare in the 4th quarter worth about $13,854,000. Two Sigma Investments LP purchased a new position in Molina Healthcare in the 4th quarter worth about $44,099,000. Tidal Investments LLC boosted its holdings in shares of Molina Healthcare by 19.8% in the fourth quarter. Tidal Investments LLC now owns 8,525 shares of the company's stock worth $2,481,000 after buying an additional 1,408 shares during the period. Finally, Teza Capital Management LLC lifted its position in shares of Molina Healthcare by 230.7% in the 4th quarter. Teza Capital Management LLC now owns 2,533 shares of the company's stock valued at $737,000 after acquiring an additional 1,767 shares in the last quarter. 98.50% of the stock is currently owned by institutional investors.

Insider Transactions at Molina Healthcare

In related news, CEO Joseph M. Zubretsky sold 87,500 shares of the stock in a transaction that occurred on Wednesday, April 30th. The stock was sold at an average price of $320.06, for a total transaction of $28,005,250.00. Following the completion of the sale, the chief executive officer now owns 257,715 shares in the company, valued at $82,484,262.90. This represents a 25.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Richard M. Schapiro sold 669 shares of the stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $320.50, for a total value of $214,414.50. Following the sale, the director now owns 11,244 shares of the company's stock, valued at approximately $3,603,702. The trade was a 5.62% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 89,169 shares of company stock worth $28,520,995. 1.26% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

MOH has been the topic of several recent analyst reports. Baird R W downgraded shares of Molina Healthcare from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Mizuho raised their price objective on Molina Healthcare from $376.00 to $400.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 9th. Robert W. Baird restated a "neutral" rating and set a $375.00 price objective (up from $331.00) on shares of Molina Healthcare in a research report on Tuesday, April 15th. Sanford C. Bernstein started coverage on shares of Molina Healthcare in a research report on Tuesday, April 22nd. They issued an "outperform" rating and a $414.00 price target for the company. Finally, Stephens reissued an "equal weight" rating and issued a $345.00 price target on shares of Molina Healthcare in a research report on Thursday, February 6th. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Molina Healthcare currently has an average rating of "Hold" and an average target price of $365.38.

Molina Healthcare Stock Down 1.6%

Shares of MOH stock traded down $4.94 on Friday, hitting $304.83. The company's stock had a trading volume of 579,500 shares, compared to its average volume of 692,574. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.62 and a quick ratio of 1.62. Molina Healthcare, Inc. has a fifty-two week low of $262.32 and a fifty-two week high of $365.23. The firm's fifty day moving average price is $324.45 and its 200-day moving average price is $308.09. The stock has a market capitalization of $16.52 billion, a price-to-earnings ratio of 14.92, a P/E/G ratio of 1.06 and a beta of 0.63.

Molina Healthcare (NYSE:MOH - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported $6.08 earnings per share for the quarter, beating the consensus estimate of $5.96 by $0.12. The company had revenue of $11.15 billion for the quarter, compared to analyst estimates of $10.86 billion. Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. The business's revenue was up 12.2% compared to the same quarter last year. During the same period last year, the company earned $5.73 earnings per share. Research analysts anticipate that Molina Healthcare, Inc. will post 24.4 EPS for the current year.

Molina Healthcare Company 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.