Cognios Beta Neutral Large Cap Fund LP Sells 216 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Cognios Beta Neutral Large Cap Fund LP lessened its position in Molina Healthcare, Inc. (NYSE:MOH) by 11.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,613 shares of the company’s stock after selling 216 shares during the quarter. Cognios Beta Neutral Large Cap Fund LP’s holdings in Molina Healthcare were worth $583,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Deutsche Bank AG grew its stake in Molina Healthcare by 1.5% in the 3rd quarter. Deutsche Bank AG now owns 258,441 shares of the company’s stock worth $84,740,000 after acquiring an additional 3,754 shares in the last quarter. Invesco Ltd. increased its holdings in Molina Healthcare by 10.4% during the 3rd quarter. Invesco Ltd. now owns 1,190,161 shares of the company’s stock worth $390,242,000 after purchasing an additional 112,243 shares during the period. Assenagon Asset Management S.A. raised its position in Molina Healthcare by 4,019.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 103,185 shares of the company’s stock valued at $37,282,000 after purchasing an additional 100,680 shares in the last quarter. DNB Asset Management AS lifted its holdings in shares of Molina Healthcare by 20.7% in the 4th quarter. DNB Asset Management AS now owns 42,852 shares of the company’s stock worth $15,483,000 after buying an additional 7,346 shares during the period. Finally, Principal Financial Group Inc. grew its position in shares of Molina Healthcare by 0.5% during the 3rd quarter. Principal Financial Group Inc. now owns 74,056 shares of the company’s stock worth $24,282,000 after buying an additional 376 shares in the last quarter. 98.50% of the stock is owned by hedge funds and other institutional investors.

Molina Healthcare Stock Performance

Shares of MOH traded up $4.40 during trading hours on Wednesday, reaching $367.62. 461,136 shares of the company traded hands, compared to its average volume of 395,346. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.57. The business has a fifty day moving average price of $393.09 and a 200-day moving average price of $372.04. Molina Healthcare, Inc. has a 12-month low of $266.35 and a 12-month high of $423.92. The stock has a market capitalization of $21.54 billion, a P/E ratio of 19.50, a P/E/G ratio of 1.01 and a beta of 0.47.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings results on Wednesday, February 7th. The company reported $4.38 earnings per share for the quarter, beating the consensus estimate of $4.31 by $0.07. Molina Healthcare had a return on equity of 32.34% and a net margin of 3.20%. The business had revenue of $9.05 billion for the quarter, compared to the consensus estimate of $8.35 billion. During the same quarter in the previous year, the business earned $4.10 EPS. The company’s quarterly revenue was up 10.0% compared to the same quarter last year. Equities analysts anticipate that Molina Healthcare, Inc. will post 23.62 EPS for the current fiscal year.

Insider Transactions at Molina Healthcare

In other news, CFO Mark Lowell Keim sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $386.56, for a total value of $5,798,400.00. Following the completion of the sale, the chief financial officer now directly owns 36,531 shares in the company, valued at $14,121,423.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Molina Healthcare news, CFO Mark Lowell Keim sold 15,000 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $386.56, for a total transaction of $5,798,400.00. Following the completion of the transaction, the chief financial officer now owns 36,531 shares of the company’s stock, valued at $14,121,423.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard M. Schapiro sold 1,000 shares of the business’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 value of $401,050.00. Following the sale, the director now owns 11,207 shares of the company’s stock, valued at $4,494,567.35. The disclosure for this sale can be found here. Insiders have sold 16,711 shares of company stock worth $6,472,517 over the last quarter. 1.11% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Wells Fargo & Company decreased their price objective on Molina Healthcare from $440.00 to $410.00 and set an “equal weight” rating for the company in a report on Monday, April 15th. Barclays began 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 objective for the company. StockNews.com downgraded Molina Healthcare from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 8th. Cantor Fitzgerald restated an “overweight” rating and set a $406.00 price objective on shares of Molina Healthcare in a research note on Thursday, April 4th. Finally, Bank of America downgraded Molina Healthcare from a “neutral” rating to an “underperform” rating and set a $439.00 price objective on the stock. in a research report on Thursday, March 28th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Molina Healthcare currently has an average rating of “Hold” and an average target price of $393.09.

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.