Mediolanum International Funds Ltd Sells 1,963 Shares of Molina Healthcare, Inc (NYSE:MOH)

Key Points

• Mediolanum International Funds Ltd has reduced its holdings in Molina Healthcare, Inc (NYSE:MOH) by 10.4%, now owning 16,982 shares valued at approximately $5.48 million.
• Molina Healthcare's CEO, Joseph M. Zubretsky, sold 87,500 shares at an average price of $320.06, resulting in a transaction amount of about $28 million. This sale represents a significant reduction of 25.35% in his ownership.
• Analysts have lowered their price targets for Molina Healthcare, with Robert W. Baird's new target set at $179.00 and UBS Group reducing to $180.00, while the consensus rating has shifted to a "Hold".

Mediolanum International Funds Ltd lessened its position in Molina Healthcare, Inc (NYSE:MOH - Free Report) by 10.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,982 shares of the company's stock after selling 1,963 shares during the period. Mediolanum International Funds Ltd's holdings in Molina Healthcare were worth $5,483,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of MOH. GAMMA Investing LLC increased its stake in Molina Healthcare by 74,593.7% in the first quarter. GAMMA Investing LLC now owns 667,015 shares of the company's stock valued at $219,708,000 after purchasing an additional 666,122 shares in the last quarter. Norges Bank acquired a new position in shares of Molina Healthcare in the fourth quarter valued at approximately $134,675,000. FMR LLC boosted its holdings in shares of Molina Healthcare by 31.1% in the fourth quarter. FMR LLC now owns 1,801,113 shares of the company's stock valued at $524,214,000 after buying an additional 427,276 shares during the period. Voloridge Investment Management LLC boosted its holdings 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 valued at $119,274,000 after buying an additional 386,273 shares during the period. Finally, Invesco Ltd. boosted its holdings in shares of Molina Healthcare by 28.5% in the fourth quarter. Invesco Ltd. now owns 1,327,021 shares of the company's stock valued at $386,229,000 after buying an additional 294,180 shares during the period. Institutional investors own 98.50% of the company's stock.

Analyst Ratings Changes

MOH has been the subject of several recent research reports. JPMorgan Chase & Co. reduced their target price on shares of Molina Healthcare from $272.00 to $184.00 and set a "neutral" rating for the company in a report on Tuesday. Morgan Stanley cut shares of 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 report on Thursday, July 10th. Baird R W cut shares of Molina Healthcare from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th. UBS Group reduced their target price on shares of Molina Healthcare from $260.00 to $180.00 and set a "neutral" rating for the company in a report on Friday, July 25th. Finally, Sanford C. Bernstein initiated coverage on shares of Molina Healthcare in a report on Tuesday, April 22nd. They set an "outperform" rating and a $414.00 target price for the company. Eleven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $244.55.

Molina Healthcare Stock Performance

MOH stock traded down $1.13 during trading hours on Thursday, reaching $158.84. The stock had a trading volume of 503,331 shares, compared to its average volume of 926,313. The stock has a market capitalization of $8.61 billion, a PE ratio of 7.83, a price-to-earnings-growth ratio of 4.53 and a beta of 0.55. The stock has a 50-day simple moving average of $260.86 and a 200 day simple moving average of $294.37. Molina Healthcare, Inc has a fifty-two week low of $155.53 and a fifty-two week high of $365.23. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.66 and a quick ratio of 1.66.

Molina Healthcare (NYSE:MOH - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $5.48 earnings per share 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 the consensus estimate of $10.94 billion. During the same period in the previous year, the company earned $5.86 earnings per share. Molina Healthcare's revenue for the quarter was up 15.7% compared to the same quarter last year. Analysts predict that Molina Healthcare, Inc will post 24.4 EPS for the current fiscal 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.