Trexquant Investment LP reduced its stake in Molina Healthcare Inc (NYSE:MOH) by 40.9% during the second quarter, Holdings Channel reports. The fund owned 10,400 shares of the company’s stock after selling 7,200 shares during the period. Trexquant Investment LP’s holdings in Molina Healthcare were worth $719,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Point72 Asset Management L.P. increased its position in Molina Healthcare by 1,821.5% in the first quarter. Point72 Asset Management L.P. now owns 599,500 shares of the company’s stock valued at $27,337,000 after buying an additional 568,300 shares during the last quarter. Acadian Asset Management LLC increased its position in Molina Healthcare by 6,812.6% in the second quarter. Acadian Asset Management LLC now owns 415,587 shares of the company’s stock valued at $28,748,000 after buying an additional 409,575 shares during the last quarter. Redmile Group LLC increased its position in Molina Healthcare by 42.7% in the first quarter. Redmile Group LLC now owns 1,149,727 shares of the company’s stock valued at $52,428,000 after buying an additional 344,181 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Molina Healthcare by 12.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,488,977 shares of the company’s stock valued at $113,498,000 after buying an additional 282,144 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in Molina Healthcare by 20.0% in the first quarter. Victory Capital Management Inc. now owns 1,583,018 shares of the company’s stock valued at $72,186,000 after buying an additional 263,892 shares during the last quarter. Hedge funds and other institutional investors own 93.42% of the company’s stock.

Molina Healthcare Inc (NYSE MOH) opened at 57.53 on Friday. The firm has a 50-day moving average of $68.05 and a 200-day moving average of $58.93. The stock’s market cap is $3.29 billion. Molina Healthcare Inc has a 1-year low of $42.56 and a 1-year high of $72.79.

Molina Healthcare (NYSE:MOH) last released its earnings results on Wednesday, August 2nd. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.86 by $0.87. Molina Healthcare had a positive return on equity of 16.10% and a negative net margin of 1.07%. The firm had revenue of $5 billion for the quarter, compared to the consensus estimate of $4.88 billion. During the same quarter in the previous year, the business posted $0.67 EPS. Molina Healthcare’s revenue was up 14.7% on a year-over-year basis. Analysts expect that Molina Healthcare Inc will post ($2.96) EPS for the current fiscal year.

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Several equities analysts have recently weighed in on MOH shares. TheStreet upgraded shares of Molina Healthcare from a “c” rating to a “b” rating in a research note on Tuesday, May 2nd. Zacks Investment Research downgraded shares of Molina Healthcare from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. ValuEngine downgraded shares of Molina Healthcare from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Wolfe Research started coverage on shares of Molina Healthcare in a research note on Friday, May 5th. They issued a “market perform” rating and a $69.00 target price for the company. Finally, Stifel Nicolaus lifted their target price on shares of Molina Healthcare from $45.00 to $47.00 and gave the stock a “hold” rating in a research note on Wednesday, May 3rd. Five equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. Molina Healthcare presently has a consensus rating of “Hold” and a consensus target price of $62.18.

In other Molina Healthcare news, insider William Dentino sold 66,000 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $60.09, for a total transaction of $3,965,940.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John C. Molina sold 21,277 shares of the stock in a transaction that occurred on Tuesday, July 18th. The shares were sold at an average price of $70.53, for a total transaction of $1,500,666.81. Following the sale, the director now directly owns 611,154 shares of the company’s stock, valued at $43,104,691.62. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 215,563 shares of company stock worth $14,224,433. 6.20% of the stock is owned by company insiders.

About Molina Healthcare

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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