TD Asset Management Inc Has $63.64 Million Holdings in Molina Healthcare, Inc (NYSE:MOH)

Key Points

• TD Asset Management Inc increased its stake in Molina Healthcare by 3.1% in the first quarter, owning 193,215 shares worth approximately $63.6 million.
• CEO Joseph M. Zubretsky sold 87,500 shares at an average price of $320.06, resulting in a 25.35% decrease in his ownership position.
• Molina Healthcare reported a quarterly earnings per share (EPS) of $5.48, slightly missing analysts’ expectations, with revenue of $11.43 billion, surpassing expectations of $10.94 billion.

TD Asset Management Inc boosted its stake in shares of Molina Healthcare, Inc (NYSE:MOH - Free Report) by 3.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 193,215 shares of the company's stock after purchasing an additional 5,740 shares during the quarter. TD Asset Management Inc owned approximately 0.36% of Molina Healthcare worth $63,643,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MOH. Sei Investments Co. boosted its position in Molina Healthcare by 157.0% during the 4th quarter. Sei Investments Co. now owns 33,051 shares of the company's stock valued at $9,619,000 after purchasing an additional 20,193 shares during the period. LPL Financial LLC boosted its position in Molina Healthcare by 4.0% during the 4th quarter. LPL Financial LLC now owns 17,960 shares of the company's stock valued at $5,227,000 after purchasing an additional 686 shares during the period. Korea Investment CORP boosted its position in Molina Healthcare by 60.1% during the 4th quarter. Korea Investment CORP now owns 30,630 shares of the company's stock valued at $8,915,000 after purchasing an additional 11,500 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Molina Healthcare by 3.5% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 88,941 shares of the company's stock valued at $26,192,000 after purchasing an additional 2,993 shares during the period. Finally, UniSuper Management Pty Ltd boosted its position in Molina Healthcare by 17.0% during the 4th quarter. UniSuper Management Pty Ltd now owns 7,660 shares of the company's stock valued at $2,229,000 after purchasing an additional 1,115 shares during the period. Institutional investors and hedge funds own 98.50% of the company's stock.

Wall Street Analysts Forecast Growth

MOH has been the subject of a number of analyst reports. Sanford C. Bernstein initiated coverage on Molina Healthcare in a research report on Tuesday, April 22nd. They set an "outperform" rating and a $414.00 price target for the company. Robert W. Baird reduced their price target on Molina Healthcare from $373.00 to $179.00 and set a "neutral" rating for the company in a research report on Friday, July 25th. Baird R W lowered Molina Healthcare from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Cantor Fitzgerald reiterated a "neutral" rating and set a $210.00 price target (down previously from $312.00) on shares of Molina Healthcare in a research report on Friday, July 25th. Finally, Wall Street Zen lowered Molina Healthcare from a "buy" rating to a "hold" rating in a research report on Sunday, June 29th. Eleven research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $244.55.

Molina Healthcare Trading Down 0.7%

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

Molina Healthcare (NYSE:MOH - Get Free Report) last announced its 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). The company had revenue of $11.43 billion for the quarter, compared to analyst estimates of $10.94 billion. Molina Healthcare had a return on equity of 27.72% and a net margin of 2.60%. The firm's revenue for the quarter was up 15.7% on a year-over-year basis. During the same period last year, the firm earned $5.86 earnings per share. On average, analysts expect 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.