Worldquant Millennium Advisors LLC Has $36.22 Million Stake in Molina Healthcare, Inc. (NYSE:MOH)

Worldquant Millennium Advisors LLC boosted its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH) by 64.2% in the fourth quarter, HoldingsChannel reports. The firm owned 124,441 shares of the company’s stock after acquiring an additional 48,632 shares during the period. Worldquant Millennium Advisors LLC’s holdings in Molina Healthcare were worth $36,219,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Colonial Trust Co SC increased its holdings in Molina Healthcare by 930.0% during the 4th quarter. Colonial Trust Co SC now owns 103 shares of the company’s stock valued at $30,000 after purchasing an additional 93 shares in the last quarter. Wingate Wealth Advisors Inc. acquired a new stake in shares of Molina Healthcare in the 4th quarter valued at $52,000. Hurley Capital LLC acquired a new stake in shares of Molina Healthcare in the 4th quarter valued at $55,000. EverSource Wealth Advisors LLC increased its stake in shares of Molina Healthcare by 81.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 196 shares of the company’s stock valued at $57,000 after buying an additional 88 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in shares of Molina Healthcare by 337.0% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 201 shares of the company’s stock valued at $58,000 after buying an additional 155 shares during the period. 98.50% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $301.33, for a total transaction of $301,330.00. Following the sale, the director now owns 17,375 shares of the company’s stock, valued at $5,235,608.75. The trade was a 5.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Joseph M. Zubretsky sold 87,500 shares of the business’s stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of $320.06, for a total transaction 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. The trade was a 25.35% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 89,169 shares of company stock valued at $28,520,995. 1.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Guggenheim assumed coverage on Molina Healthcare in a research note on Wednesday, April 9th. They issued a “neutral” rating for the company. Wells Fargo & Company upgraded Molina Healthcare from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $295.00 to $372.00 in a research report on Wednesday, March 5th. Barclays raised their price target on Molina Healthcare from $339.00 to $362.00 and gave the stock an “equal weight” rating in a research report on Friday, April 25th. Baird R W lowered Molina Healthcare from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 15th. Finally, Robert W. Baird restated a “neutral” rating and issued a $375.00 price target (up from $331.00) on shares of Molina Healthcare in a research report on Tuesday, April 15th. Nine equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Molina Healthcare currently has a consensus rating of “Hold” and a consensus price target of $365.38.

Molina Healthcare Stock Performance

Shares of MOH opened at $326.38 on Wednesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.62 and a quick ratio of 1.62. The stock has a 50-day moving average of $324.59 and a 200-day moving average of $308.35. The company has a market cap of $17.69 billion, a PE ratio of 15.98, a P/E/G ratio of 1.06 and a beta of 0.63. Molina Healthcare, Inc. has a one year low of $262.32 and a one year high of $365.23.

Molina Healthcare (NYSE:MOH) last posted its earnings results on Wednesday, April 23rd. The company reported $6.08 EPS for the quarter, topping the consensus estimate of $5.96 by $0.12. Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. The firm had revenue of $11.15 billion for the quarter, compared to analysts’ expectations of $10.86 billion. During the same quarter last year, the firm earned $5.73 EPS. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. On average, equities research analysts predict that Molina Healthcare, Inc. will post 24.4 EPS for the current fiscal year.

About Molina Healthcare

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.