Wellington Management Group LLP cut its stake in shares of Molina Healthcare Inc (NYSE:MOH) by 1.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,163,964 shares of the company’s stock after selling 17,436 shares during the period. Wellington Management Group LLP owned about 2.05% of Molina Healthcare worth $53,076,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of MOH. State Treasurer State of Michigan increased its stake in Molina Healthcare by 0.6% in the first quarter. State Treasurer State of Michigan now owns 17,300 shares of the company’s stock valued at $789,000 after buying an additional 100 shares during the period. Louisiana State Employees Retirement System increased its stake in Molina Healthcare by 1.9% in the first quarter. Louisiana State Employees Retirement System now owns 10,700 shares of the company’s stock valued at $488,000 after buying an additional 200 shares during the period. Oregon Public Employees Retirement Fund increased its stake in Molina Healthcare by 1.4% in the first quarter. Oregon Public Employees Retirement Fund now owns 14,920 shares of the company’s stock valued at $680,000 after buying an additional 200 shares during the period. Mason Street Advisors LLC increased its stake in Molina Healthcare by 1.1% in the first quarter. Mason Street Advisors LLC now owns 20,107 shares of the company’s stock valued at $917,000 after buying an additional 217 shares during the period. Finally, State Board of Administration of Florida Retirement System increased its stake in Molina Healthcare by 1.2% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 21,638 shares of the company’s stock valued at $1,174,000 after buying an additional 250 shares during the period. 93.65% of the stock is owned by hedge funds and other institutional investors.

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

Shares of Molina Healthcare Inc (NYSE MOH) traded up 0.57% on Friday, hitting $68.79. 873,429 shares of the stock were exchanged. Molina Healthcare Inc has a 12 month low of $42.56 and a 12 month high of $70.08. The company has a 50-day moving average price of $65.91 and a 200 day moving average price of $55.45. The company has a market cap of $3.92 billion, a PE ratio of 36.96 and a beta of 0.83.

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Several research firms have weighed in on MOH. Jefferies Group LLC reaffirmed a “hold” rating and issued a $61.00 price target on shares of Molina Healthcare in a research note on Thursday, June 8th. Stifel Nicolaus downgraded shares of Molina Healthcare from a “hold” rating to a “sell” rating and lifted their price target for the company from $47.00 to $60.00 in a research note on Wednesday, May 31st. Wolfe Research reaffirmed a “market perform” rating and issued a $69.00 price target on shares of Molina Healthcare in a research note on Monday, May 15th. ValuEngine raised shares of Molina Healthcare from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, Morgan Stanley began coverage on shares of Molina Healthcare in a research note on Tuesday, June 6th. They issued an “underweight” rating and a $65.00 price target for the company. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $59.23.

In other Molina Healthcare news, Director Daniel Cooperman sold 7,542 shares of the firm’s stock in a transaction dated Friday, May 5th. The shares were sold at an average price of $65.74, for a total transaction of $495,811.08. Following the completion of the sale, the director now directly owns 11,992 shares in the company, valued at approximately $788,354.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Terry Bayer sold 34,721 shares of the firm’s stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $67.09, for a total transaction of $2,329,431.89. Following the sale, the chief operating officer now owns 122,462 shares of the company’s stock, valued at $8,215,975.58. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 92,377 shares of company stock valued at $6,183,534. 6.20% of the stock is owned by company insiders.

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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