Molina Healthcare, Inc. (NYSE:MOH) Shares Sold by Xponance Inc.

Xponance Inc. lowered its stake in Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 36.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,478 shares of the company's stock after selling 7,848 shares during the quarter. Xponance Inc.'s holdings in Molina Healthcare were worth $4,870,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of Molina Healthcare by 18.4% in the 1st quarter. Vanguard Group Inc. now owns 6,449,375 shares of the company's stock valued at $2,151,448,000 after buying an additional 1,001,372 shares during the period. Norges Bank purchased a new stake in Molina Healthcare during the fourth quarter worth about $214,801,000. Durable Capital Partners LP purchased a new position in shares of Molina Healthcare in the first quarter valued at approximately $214,363,000. Invesco Ltd. grew its holdings in shares of Molina Healthcare by 151.6% in the first quarter. Invesco Ltd. now owns 893,693 shares of the company's stock valued at $298,128,000 after purchasing an additional 538,493 shares in the last quarter. Finally, State Street Corp increased its stake in Molina Healthcare by 25.6% during the 1st quarter. State Street Corp now owns 2,457,008 shares of the company's stock worth $819,633,000 after buying an additional 501,107 shares during the period. Hedge funds and other institutional investors own 98.50% of the company's stock.

Insider Activity

In related news, Director Richard M. Schapiro sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $401.05, for a total transaction of $401,050.00. Following the transaction, the director now owns 11,207 shares in the company, valued at approximately $4,494,567.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Richard M. Schapiro sold 1,000 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $401.05, for a total transaction of $401,050.00. Following the completion of the sale, the director now owns 11,207 shares in the company, valued at approximately $4,494,567.35. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Richard M. Schapiro sold 711 shares of the firm's stock in a transaction on Monday, February 12th. The stock was sold at an average price of $384.06, for a total transaction of $273,066.66. Following the transaction, the director now directly owns 12,207 shares in the company, valued at $4,688,220.42. The disclosure for this sale can be found here. In the last three months, insiders sold 16,711 shares of company stock valued at $6,472,517. Insiders own 1.10% of the company's stock.

Molina Healthcare Stock Up 1.8 %

MOH stock traded up $6.58 during midday trading on Friday, reaching $367.52. 425,243 shares of the company were exchanged, compared to its average volume of 362,947. The company has a market cap of $21.53 billion, a price-to-earnings ratio of 19.57, a price-to-earnings-growth ratio of 1.03 and a beta of 0.47. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.54 and a current ratio of 1.54. Molina Healthcare, Inc. has a 1-year low of $266.35 and a 1-year high of $423.92. The stock's 50-day simple moving average is $394.33 and its 200 day simple moving average is $371.60.

Molina Healthcare (NYSE:MOH - Get Free Report) last announced its quarterly earnings results on Wednesday, February 7th. The company reported $4.38 EPS for the quarter, topping the consensus estimate of $4.31 by $0.07. Molina Healthcare had a net margin of 3.20% and a return on equity of 32.34%. The firm had revenue of $9.05 billion for the quarter, compared to analyst estimates of $8.35 billion. During the same period last year, the business earned $4.10 EPS. Molina Healthcare's revenue for the quarter was up 10.0% compared to the same quarter last year. On average, equities analysts forecast that Molina Healthcare, Inc. will post 23.62 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on MOH shares. Cantor Fitzgerald reissued an "overweight" rating and issued a $406.00 price target on shares of Molina Healthcare in a research report on Thursday, April 4th. Wells Fargo & Company cut their price target on Molina Healthcare from $440.00 to $410.00 and set an "equal weight" rating on the stock in a report on Monday, April 15th. Bank of America lowered Molina Healthcare from a "neutral" rating to an "underperform" rating and set a $439.00 price target on the stock. in a research report on Thursday, March 28th. StockNews.com lowered shares of Molina Healthcare from a "strong-buy" rating to a "buy" rating in a research note on Thursday, February 8th. Finally, Barclays initiated coverage on shares of Molina Healthcare in a research note on Wednesday, March 6th. They issued an "equal weight" rating and a $437.00 price target for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $393.09.

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.