Pensionfund Sabic Has $1.35 Million Stock Holdings in Molina Healthcare, Inc $MOH

Pensionfund Sabic decreased its position in shares of Molina Healthcare, Inc (NYSE:MOH) by 4.7% during the 1st quarter, HoldingsChannel.com reports. The fund owned 4,100 shares of the company’s stock after selling 200 shares during the period. Pensionfund Sabic’s holdings in Molina Healthcare were worth $1,350,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Amalgamated Bank boosted its position in Molina Healthcare by 0.3% in the first quarter. Amalgamated Bank now owns 11,580 shares of the company’s stock valued at $3,814,000 after buying an additional 33 shares in the last quarter. Deseret Mutual Benefit Administrators boosted its position in Molina Healthcare by 60.7% in the first quarter. Deseret Mutual Benefit Administrators now owns 90 shares of the company’s stock valued at $30,000 after buying an additional 34 shares in the last quarter. JLB & Associates Inc. boosted its position in Molina Healthcare by 0.3% in the first quarter. JLB & Associates Inc. now owns 10,626 shares of the company’s stock valued at $3,500,000 after buying an additional 36 shares in the last quarter. PenderFund Capital Management Ltd. boosted its position in Molina Healthcare by 0.4% in the first quarter. PenderFund Capital Management Ltd. now owns 10,071 shares of the company’s stock valued at $3,317,000 after buying an additional 40 shares in the last quarter. Finally, Rothschild Investment LLC boosted its position in Molina Healthcare by 126.3% in the first quarter. Rothschild Investment LLC now owns 86 shares of the company’s stock valued at $28,000 after buying an additional 48 shares in the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.

Insiders Place Their Bets

In related news, Director Ronna Romney sold 700 shares of Molina Healthcare stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $153.74, for a total transaction of $107,618.00. Following the completion of the transaction, the director owned 17,131 shares of the company’s stock, valued at $2,633,719.94. This trade represents a 3.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO James Woys bought 10,000 shares of the stock in a transaction that occurred on Monday, August 4th. The shares were purchased at an average cost of $155.94 per share, with a total value of $1,559,400.00. Following the purchase, the chief operating officer directly owned 74,331 shares of the company’s stock, valued at $11,591,176.14. The trade was a 15.54% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.10% of the stock is owned by company insiders.

Analyst Ratings Changes

MOH has been the topic of a number of research analyst reports. Morgan Stanley lowered shares of Molina Healthcare from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $364.00 to $266.00 in a research report on Thursday, July 10th. Sanford C. Bernstein cut their target price on shares of Molina Healthcare from $284.00 to $220.00 and set an “outperform” rating on the stock in a research report on Friday, September 5th. JPMorgan Chase & Co. cut their target price on shares of Molina Healthcare from $272.00 to $184.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 29th. Barclays dropped their price target on shares of Molina Healthcare from $186.00 to $185.00 and set an “equal weight” rating for the company in a research note on Thursday, September 4th. Finally, Wells Fargo & Company dropped their price target on shares of Molina Healthcare from $216.00 to $198.00 and set an “overweight” rating for the company in a research note on Friday, August 15th. Three equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, Molina Healthcare currently has an average rating of “Hold” and a consensus price target of $225.18.

Molina Healthcare Price Performance

MOH stock opened at $180.59 on Friday. The company has a fifty day moving average price of $179.44 and a 200-day moving average price of $266.19. The company has a market capitalization of $9.79 billion, a P/E ratio of 8.90 and a beta of 0.54. Molina Healthcare, Inc has a 52-week low of $151.95 and a 52-week high of $365.23. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.66 and a current ratio of 1.66.

Molina Healthcare (NYSE:MOH) last announced its earnings results on Wednesday, July 23rd. The company reported $5.48 earnings per share for the quarter, missing analysts’ consensus estimates of $5.50 by ($0.02). Molina Healthcare had a return on equity of 27.72% and a net margin of 2.60%.The firm had revenue of $11.43 billion for the quarter, compared to the consensus estimate of $10.94 billion. During the same period in the prior year, the business earned $5.86 EPS. Molina Healthcare’s quarterly revenue was up 15.7% on a year-over-year basis. As a group, equities analysts expect that Molina Healthcare, Inc will post 24.4 EPS for the current 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.