Molina Healthcare, Inc. (NYSE:MOH) Shares Sold by Stifel Financial Corp

Stifel Financial Corp cut its position in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 61.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,157 shares of the company's stock after selling 1,858 shares during the period. Stifel Financial Corp's holdings in Molina Healthcare were worth $337,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in MOH. Wingate Wealth Advisors Inc. acquired a new stake in shares of Molina Healthcare in the fourth quarter valued at about $52,000. Hurley Capital LLC purchased a new position in shares of Molina Healthcare in the fourth quarter valued at approximately $55,000. EverSource Wealth Advisors LLC boosted its stake in shares of Molina Healthcare by 81.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 196 shares of the company's stock valued at $57,000 after purchasing an additional 88 shares during the period. Whittier Trust Co. of Nevada Inc. raised its holdings in Molina Healthcare by 337.0% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 201 shares of the company's stock valued at $58,000 after acquiring an additional 155 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd raised its holdings in Molina Healthcare by 895.0% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 199 shares of the company's stock valued at $58,000 after acquiring an additional 179 shares in the last quarter. 98.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on MOH shares. Guggenheim assumed coverage on shares of Molina Healthcare in a report on Wednesday, April 9th. They set a "neutral" rating on the stock. Sanford C. Bernstein started coverage on shares of Molina Healthcare in a research note on Tuesday, April 22nd. They set an "outperform" rating and a $414.00 price objective for the company. StockNews.com raised shares of Molina Healthcare from a "hold" rating to a "buy" rating in a research report on Friday, April 11th. Robert W. Baird reaffirmed a "neutral" rating and issued a $375.00 price objective (up previously from $331.00) on shares of Molina Healthcare in a research report on Tuesday, April 15th. Finally, Stephens reiterated an "equal weight" rating and set a $345.00 target price on shares of Molina Healthcare in a research note on Thursday, February 6th. Nine equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $365.38.

Insider Transactions at Molina Healthcare

In other Molina Healthcare news, CEO Joseph M. Zubretsky sold 87,500 shares of the company's stock in a transaction on Wednesday, April 30th. The stock was sold at an average price of $320.06, for a total value of $28,005,250.00. Following the sale, the chief executive officer now directly owns 257,715 shares in the company, valued at $82,484,262.90. This represents a 25.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Steven J. Orlando sold 1,000 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $301.33, for a total value of $301,330.00. Following the sale, the director now owns 17,375 shares in the company, valued at $5,235,608.75. The trade was a 5.44% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 89,169 shares of company stock worth $28,520,995 over the last three months. 1.10% of the stock is currently owned by insiders.

Molina Healthcare Stock Down 5.3%

Shares of Molina Healthcare stock opened at $310.48 on Wednesday. The firm has a market cap of $16.83 billion, a price-to-earnings ratio of 15.20, a P/E/G ratio of 1.06 and a beta of 0.63. 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 52-week low of $262.32 and a 52-week high of $365.23. The stock has a 50-day simple moving average of $324.77 and a 200-day simple moving average of $308.41.

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

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