Legal & General Group Plc raised its position in shares of Molina Healthcare, Inc. (NYSE:MOH) by 25.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,545 shares of the company’s stock after purchasing an additional 14,682 shares during the period. Legal & General Group Plc owned approximately 0.13% of Molina Healthcare worth $4,912,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Riverhead Capital Management LLC raised its position in Molina Healthcare by 64.2% during the second quarter. Riverhead Capital Management LLC now owns 2,463 shares of the company’s stock valued at $170,000 after purchasing an additional 963 shares in the last quarter. Sabal Trust CO acquired a new position in Molina Healthcare during the third quarter valued at approximately $206,000. Bronfman E.L. Rothschild L.P. raised its position in Molina Healthcare by 478.7% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,316 shares of the company’s stock valued at $229,000 after purchasing an additional 2,743 shares in the last quarter. Teacher Retirement System of Texas acquired a new position in Molina Healthcare during the second quarter valued at approximately $241,000. Finally, Capstone Investment Advisors Netherlands B.V. acquired a new position in Molina Healthcare during the second quarter valued at approximately $249,000. Institutional investors and hedge funds own 96.23% of the company’s stock.

MOH has been the subject of several research analyst reports. Wolfe Research upgraded shares of Molina Healthcare from a “market perform” rating to an “outperform” rating in a research report on Monday, October 23rd. Morgan Stanley boosted their price objective on shares of Molina Healthcare from $68.00 to $89.00 and gave the company an “overweight” rating in a research report on Friday, November 3rd. Jefferies Group boosted their price objective on shares of Molina Healthcare from $64.00 to $74.00 and gave the company a “hold” rating in a research report on Friday, November 3rd. BMO Capital Markets initiated coverage on shares of Molina Healthcare in a research report on Monday, October 16th. They set a “market perform” rating and a $70.00 price objective for the company. Finally, Zacks Investment Research downgraded shares of Molina Healthcare from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $64.25.

In related news, Director John C. Molina sold 22,400 shares of the stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $67.01, for a total value of $1,501,024.00. Following the completion of the sale, the director now directly owns 540,722 shares in the company, valued at $36,233,781.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel Cooperman sold 4,500 shares of the stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $78.79, for a total value of $354,555.00. Following the completion of the sale, the director now owns 9,087 shares of the company’s stock, valued at $715,964.73. The disclosure for this sale can be found here. Insiders have sold 708,068 shares of company stock valued at $51,135,171 over the last quarter. Company insiders own 6.20% of the company’s stock.

Molina Healthcare, Inc. (NYSE:MOH) opened at $76.66 on Tuesday. The stock has a market cap of $4,354.56, a price-to-earnings ratio of 23.69 and a beta of 0.97. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.29 and a current ratio of 1.29. Molina Healthcare, Inc. has a 1-year low of $42.56 and a 1-year high of $80.74.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings results on Thursday, November 2nd. The company reported ($1.62) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($1.85). The company had revenue of $5.03 billion for the quarter, compared to analyst estimates of $4.95 billion. Molina Healthcare had a positive return on equity of 17.76% and a negative net margin of 1.76%. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the company posted $0.85 earnings per share. research analysts predict that Molina Healthcare, Inc. will post -3.88 EPS for the current fiscal year.

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Molina Healthcare 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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Institutional Ownership by Quarter for Molina Healthcare (NYSE:MOH)

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