Gargoyle Investment Advisor L.L.C. Acquires New Position in Molina Healthcare Inc (MOH)
Gargoyle Investment Advisor L.L.C. acquired a new stake in Molina Healthcare Inc (NYSE:MOH) during the second quarter, Holdings Channel reports. The fund acquired 3,557 shares of the company’s stock, valued at approximately $246,000.
Several other institutional investors have also modified their holdings of MOH. California Public Employees Retirement System boosted its position in shares of Molina Healthcare by 3.4% in the first quarter. California Public Employees Retirement System now owns 67,200 shares of the company’s stock valued at $3,064,000 after buying an additional 2,200 shares during the period. UBS Asset Management Americas Inc. raised its stake in Molina Healthcare by 91.8% in the fourth quarter. UBS Asset Management Americas Inc. now owns 62,757 shares of the company’s stock valued at $3,406,000 after buying an additional 30,033 shares in the last quarter. Teachers Advisors LLC raised its stake in Molina Healthcare by 34.6% in the fourth quarter. Teachers Advisors LLC now owns 124,489 shares of the company’s stock valued at $6,755,000 after buying an additional 32,018 shares in the last quarter. Jane Street Group LLC purchased a new stake in Molina Healthcare during the first quarter valued at about $325,000. Finally, Mutual of America Capital Management LLC raised its stake in Molina Healthcare by 4.4% in the first quarter. Mutual of America Capital Management LLC now owns 34,815 shares of the company’s stock valued at $1,588,000 after buying an additional 1,458 shares in the last quarter. Hedge funds and other institutional investors own 93.17% of the company’s stock.
Shares of Molina Healthcare Inc (MOH) opened at 57.03 on Wednesday. The firm’s 50-day moving average is $66.87 and its 200-day moving average is $58.97. The stock’s market capitalization is $3.26 billion. Molina Healthcare Inc has a one year low of $42.56 and a one year high of $72.79.
Molina Healthcare (NYSE:MOH) last announced its earnings results on Wednesday, August 2nd. The company reported ($0.01) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by $0.87. The business had revenue of $5 billion for the quarter, compared to analyst estimates of $4.88 billion. Molina Healthcare had a positive return on equity of 16.10% and a negative net margin of 1.07%. The company’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.67 earnings per share. Equities research analysts forecast that Molina Healthcare Inc will post ($2.96) EPS for the current year.
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Several equities research analysts recently issued reports on MOH shares. TheStreet raised shares of Molina Healthcare from a “c” rating to a “b” rating in a report on Tuesday, May 2nd. ValuEngine raised shares of Molina Healthcare from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Zacks Investment Research raised shares of Molina Healthcare from a “hold” rating to a “buy” rating and set a $72.00 target price for the company in a report on Thursday, May 4th. BidaskClub lowered shares of Molina Healthcare from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Finally, Stifel Nicolaus increased their target price on shares of Molina Healthcare from $45.00 to $47.00 and gave the stock a “hold” rating in a report on Wednesday, May 3rd. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. Molina Healthcare currently has a consensus rating of “Hold” and an average price target of $62.18.
In other news, COO Terry Bayer sold 415 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $69.24, for a total transaction of $28,734.60. Following the completion of the transaction, the chief operating officer now directly owns 80,672 shares of the company’s stock, valued at approximately $5,585,729.28. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider William Dentino sold 66,000 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $60.09, for a total value of $3,965,940.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 214,813 shares of company stock valued at $14,171,753. Corporate insiders own 6.20% of the company’s stock.
Molina Healthcare Company Profile
Molina Healthcare, Inc offers Medicaid-related solutions for low-income families and individuals, and assists government agencies in their administration of the Medicaid program. The Company operates through three segments: Health Plans, Molina Medicaid Solutions and Other, which includes its Pathways Health and Community Support LLC (Pathways) business.
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