OMERS ADMINISTRATION Corp Lowers Stock Holdings in Molina Healthcare, Inc. (NYSE:MOH)

OMERS ADMINISTRATION Corp lessened its stake in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 21.7% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 5,656 shares of the company's stock after selling 1,570 shares during the period. OMERS ADMINISTRATION Corp's holdings in Molina Healthcare were worth $1,646,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of MOH. Wellington Management Group LLP grew its stake in shares of Molina Healthcare by 7.4% during the 4th quarter. Wellington Management Group LLP now owns 2,632,232 shares of the company's stock valued at $766,111,000 after acquiring an additional 181,073 shares during the period. FMR LLC boosted its position 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 worth $524,214,000 after purchasing an additional 427,276 shares during the period. Geode Capital Management LLC boosted its position in shares of Molina Healthcare by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 1,436,909 shares of the company's stock worth $417,144,000 after purchasing an additional 34,992 shares during the period. Invesco Ltd. increased its stake 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 worth $386,229,000 after purchasing an additional 294,180 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Molina Healthcare by 15.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 688,245 shares of the company's stock valued at $200,307,000 after purchasing an additional 91,229 shares during the period. Institutional investors own 98.50% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on MOH shares. Sanford C. Bernstein initiated coverage on shares of Molina Healthcare in a report on Tuesday, April 22nd. They issued an "outperform" rating and a $414.00 target price for the company. Guggenheim initiated coverage on Molina Healthcare in a research report on Wednesday, April 9th. They set a "neutral" rating for the company. Barclays boosted their price target on Molina Healthcare from $339.00 to $362.00 and gave the stock an "equal weight" rating in a report on Friday, April 25th. StockNews.com raised shares of Molina Healthcare from a "hold" rating to a "buy" rating in a report on Friday, April 11th. Finally, Mizuho lifted their price objective on shares of Molina Healthcare from $376.00 to $400.00 and gave the company an "outperform" rating in a research report on Wednesday, April 9th. Nine analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $365.38.

Insiders Place Their Bets

In other Molina Healthcare news, Director Richard M. Schapiro sold 669 shares of the business's stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $320.50, for a total transaction of $214,414.50. Following the completion of the transaction, the director now owns 11,244 shares in the company, valued at $3,603,702. The trade was a 5.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Steven J. Orlando sold 1,000 shares of the stock in a transaction that occurred 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 completion of the sale, the director now owns 17,375 shares in the company, valued at approximately $5,235,608.75. The trade was a 5.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 89,169 shares of company stock valued at $28,520,995 over the last three months. 1.26% of the stock is owned by company insiders.

Molina Healthcare Trading Down 0.5%

Shares of NYSE:MOH traded down $1.67 during trading on Wednesday, reaching $324.48. The company's stock had a trading volume of 54,770 shares, compared to its average volume of 685,898. The stock has a market capitalization of $17.59 billion, a PE ratio of 15.88, a price-to-earnings-growth ratio of 1.06 and a beta of 0.63. Molina Healthcare, Inc. has a 12 month low of $262.32 and a 12 month high of $365.23. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.69. The firm's 50 day simple moving average is $324.59 and its two-hundred day simple moving average is $308.35.

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, topping analysts' consensus estimates of $5.96 by $0.12. The firm had revenue of $11.15 billion during the quarter, compared to analysts' expectations of $10.86 billion. Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. The company's quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.73 EPS. On average, research analysts predict that Molina Healthcare, Inc. will post 24.4 EPS for the current fiscal year.

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.