Mariner LLC Sells 1,823 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Mariner LLC trimmed its position in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 18.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,909 shares of the company's stock after selling 1,823 shares during the period. Mariner LLC's holdings in Molina Healthcare were worth $2,302,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Waldron Private Wealth LLC raised its stake in shares of Molina Healthcare by 4.7% in the 4th quarter. Waldron Private Wealth LLC now owns 729 shares of the company's stock worth $212,000 after buying an additional 33 shares in the last quarter. Angeles Investment Advisors LLC lifted its stake in Molina Healthcare by 5.4% during the fourth quarter. Angeles Investment Advisors LLC now owns 838 shares of the company's stock valued at $244,000 after purchasing an additional 43 shares during the last quarter. Lindbrook Capital LLC boosted its holdings in Molina Healthcare by 38.5% during the fourth quarter. Lindbrook Capital LLC now owns 205 shares of the company's stock worth $60,000 after buying an additional 57 shares in the last quarter. Quadrant Capital Group LLC boosted its holdings in Molina Healthcare by 11.4% during the fourth quarter. Quadrant Capital Group LLC now owns 627 shares of the company's stock worth $182,000 after buying an additional 64 shares in the last quarter. Finally, Brooklyn Investment Group grew its position in Molina Healthcare by 20.1% in the fourth quarter. Brooklyn Investment Group now owns 400 shares of the company's stock worth $116,000 after buying an additional 67 shares during the last quarter. Institutional investors and hedge funds own 98.50% of the company's stock.

Molina Healthcare Stock Down 0.5 %

Shares of MOH traded down $1.74 during trading hours on Tuesday, hitting $318.46. The stock had a trading volume of 42,371 shares, compared to its average volume of 669,892. 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 1-year low of $262.32 and a 1-year high of $365.23. The firm has a 50 day simple moving average of $320.07 and a 200-day simple moving average of $307.33. The firm has a market capitalization of $17.42 billion, a P/E ratio of 15.60, a price-to-earnings-growth ratio of 1.06 and a beta of 0.70.

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

Insider Activity

In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $301.33, for a total value of $301,330.00. Following the completion of the sale, the director now directly owns 17,375 shares in the company, valued at $5,235,608.75. This trade represents a 5.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 1.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MOH. Guggenheim assumed coverage on Molina Healthcare in a research report on Wednesday, April 9th. They set a "neutral" rating on the stock. Robert W. Baird reissued a "neutral" rating and issued a $375.00 target price (up from $331.00) on shares of Molina Healthcare in a research report on Tuesday, April 15th. Baird R W lowered Molina Healthcare from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th. Stephens reiterated an "equal weight" rating and set a $345.00 price target on shares of Molina Healthcare in a report on Thursday, February 6th. Finally, Sanford C. Bernstein initiated coverage on Molina Healthcare in a research note on Tuesday, April 22nd. They set an "outperform" rating and a $414.00 target price on the stock. Nine equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, Molina Healthcare has an average rating of "Hold" and an average price target of $365.38.

Molina Healthcare 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.