W.G. Shaheen & Associates DBA Whitney & Co purchased a new stake in Molina Healthcare, Inc (NYSE:MOH – Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 74,907 shares of the company’s stock, valued at approximately $9,985,000.
Several other institutional investors and hedge funds have also bought and sold shares of the company. AQR Capital Management LLC increased its holdings in Molina Healthcare by 217.0% in the 3rd quarter. AQR Capital Management LLC now owns 2,934,130 shares of the company’s stock valued at $561,475,000 after buying an additional 2,008,458 shares during the period. 8 Knots Management LLC bought a new stake in shares of Molina Healthcare during the 4th quarter worth approximately $198,942,000. Madison Avenue Partners LP bought a new stake in shares of Molina Healthcare during the 4th quarter worth approximately $110,003,000. Norges Bank acquired a new stake in shares of Molina Healthcare during the 4th quarter worth approximately $109,766,000. Finally, Baupost Group LLC MA acquired a new stake in shares of Molina Healthcare during the 4th quarter worth approximately $108,463,000. Institutional investors own 98.50% of the company’s stock.
Molina Healthcare Trading Down 3.6%
Shares of Molina Healthcare stock opened at $225.05 on Friday. The firm has a market capitalization of $11.72 billion, a PE ratio of 66.58 and a beta of 0.74. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.97. The firm’s 50 day moving average is $202.64 and its 200 day moving average is $175.16. Molina Healthcare, Inc has a 1 year low of $121.06 and a 1 year high of $244.89.
Wall Street Analyst Weigh In
Several research analysts have commented on the stock. Wall Street Zen upgraded shares of Molina Healthcare from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Morgan Stanley upped their target price on Molina Healthcare from $146.00 to $167.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 4th. Wells Fargo & Company raised their target price on Molina Healthcare from $159.00 to $235.00 and gave the company an “equal weight” rating in a report on Monday. Barclays decreased their price target on Molina Healthcare from $199.00 to $184.00 and set an “underweight” rating on the stock in a research note on Wednesday, July 8th. Finally, Weiss Ratings raised Molina Healthcare from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 25th. Three research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $207.06.
View Our Latest Research Report on MOH
Insiders Place Their Bets
In other news, insider Jeff D. Barlow sold 17,811 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $186.12, for a total value of $3,314,983.32. Following the completion of the transaction, the insider directly owned 67,175 shares in the company, valued at approximately $12,502,611. This represents a 20.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Maurice Hebert sold 600 shares of the firm’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $191.55, for a total value of $114,930.00. Following the sale, the chief accounting officer directly owned 12,815 shares in the company, valued at approximately $2,454,713.25. This trade represents a 4.47% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 1.44% of the company’s stock.
About Molina Healthcare
Molina Healthcare, Inc is a managed care company specializing in government-sponsored health insurance programs. The company offers Medicaid managed care plans, Medicare Advantage and prescription drug plans, and individual Marketplace plans under the Affordable Care Act. Through an integrated care model, Molina emphasizes preventive and primary care services, care coordination, and disease management to improve health outcomes for its members.
The company traces its roots to the early 1980s, when Dr.
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