Sterling Capital Management LLC raised its stake in Molina Healthcare, Inc. (NYSE:MOH) by 16.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 24,946 shares of the company’s stock after purchasing an additional 3,516 shares during the quarter. Sterling Capital Management LLC’s holdings in Molina Healthcare were worth $1,715,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in MOH. Zions Bancorporation purchased a new stake in shares of Molina Healthcare in the third quarter valued at approximately $118,000. Riverhead Capital Management LLC boosted its stake in shares of Molina Healthcare by 64.2% in the second quarter. Riverhead Capital Management LLC now owns 2,463 shares of the company’s stock valued at $170,000 after buying an additional 963 shares in the last quarter. Sabal Trust CO purchased a new stake in shares of Molina Healthcare in the third quarter valued at approximately $206,000. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Molina Healthcare by 478.7% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,316 shares of the company’s stock valued at $229,000 after buying an additional 2,743 shares in the last quarter. Finally, Teacher Retirement System of Texas purchased a new stake in shares of Molina Healthcare in the second quarter valued at approximately $241,000. Institutional investors own 96.23% of the company’s stock.

In other news, Director John C. Molina sold 22,400 shares of the business’s 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 transaction, the director now directly owns 540,722 shares of the company’s stock, valued at $36,233,781.22. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Terry Bayer sold 9,077 shares of the business’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $77.45, for a total value of $703,013.65. Following the completion of the transaction, the chief operating officer now directly owns 74,478 shares of the company’s stock, valued at $5,768,321.10. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 708,068 shares of company stock valued at $51,135,171. 6.20% of the stock is currently owned by insiders.

A number of analysts recently weighed in on MOH shares. Zacks Investment Research downgraded Molina Healthcare from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Jefferies Group lifted their price target on Molina Healthcare from $64.00 to $74.00 and gave the company a “hold” rating in a research note on Friday, November 3rd. Wolfe Research upgraded Molina Healthcare from a “market perform” rating to an “outperform” rating in a research note on Monday, October 23rd. Morgan Stanley lifted their price target on Molina Healthcare from $68.00 to $89.00 and gave the company an “overweight” rating in a research note on Friday, November 3rd. Finally, ValuEngine downgraded Molina Healthcare from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $64.25.

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

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings data 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 firm 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 business’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.85 earnings per share. analysts predict that Molina Healthcare, Inc. will post -3.88 EPS for the current 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.

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

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