Tudor Investment Corp ET AL Buys 5,175 Shares of Molina Healthcare Inc (MOH)
Tudor Investment Corp ET AL lifted its stake in Molina Healthcare Inc (NYSE:MOH) by 39.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,175 shares of the company’s stock after buying an additional 5,175 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Molina Healthcare were worth $1,257,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. QS Investors LLC raised its position in Molina Healthcare by 23.5% during the second quarter. QS Investors LLC now owns 126,719 shares of the company’s stock valued at $8,766,000 after acquiring an additional 24,122 shares in the last quarter. Bayesian Capital Management LP acquired a new position in Molina Healthcare in the second quarter valued at approximately $732,000. Numeric Investors LLC lifted its holdings in Molina Healthcare by 81.5% in the second quarter. Numeric Investors LLC now owns 370,350 shares of the company’s stock valued at $25,621,000 after acquiring an additional 166,300 shares during the period. Voya Investment Management LLC boosted its position in Molina Healthcare by 19.1% in the 2nd quarter. Voya Investment Management LLC now owns 20,561 shares of the company’s stock worth $1,422,000 after purchasing an additional 3,291 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in Molina Healthcare in the 2nd quarter worth approximately $953,000. Hedge funds and other institutional investors own 96.04% of the company’s stock.
In other news, Director John C. Molina sold 22,400 shares of Molina Healthcare stock in a transaction dated Thursday, September 28th. The shares were 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 approximately $36,233,781.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John C. Molina sold 21,277 shares of Molina Healthcare stock in a transaction dated 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 completion of the transaction, 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 quarter, insiders have sold 344,045 shares of company stock valued at $22,316,558. 6.20% of the stock is owned by insiders.
Shares of Molina Healthcare Inc (NYSE MOH) opened at 67.73 on Wednesday. Molina Healthcare Inc has a one year low of $42.56 and a one year high of $72.79. The stock’s market capitalization is $3.87 billion. The stock has a 50 day moving average of $63.80 and a 200-day moving average of $61.96.
Molina Healthcare (NYSE:MOH) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.87). The firm had revenue of $5 billion for the quarter, compared to the consensus estimate of $4.88 billion. Molina Healthcare had a positive return on equity of 16.10% and a negative net margin of 1.07%. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.67 earnings per share. Equities analysts predict that Molina Healthcare Inc will post ($2.70) earnings per share for the current fiscal year.
A number of equities analysts have issued reports on MOH shares. BidaskClub downgraded Molina Healthcare from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. TheStreet cut Molina Healthcare from a “b” rating to a “c” rating in a research report on Monday, August 7th. Credit Suisse Group restated an “underperform” rating and issued a $53.00 price objective (up previously from $50.00) on shares of Molina Healthcare in a report on Friday, July 14th. Jefferies Group LLC reaffirmed a “hold” rating and set a $61.00 target price on shares of Molina Healthcare in a research note on Thursday, June 8th. Finally, Morgan Stanley assumed coverage on shares of Molina Healthcare in a report on Tuesday, June 6th. They set an “underweight” rating and a $65.00 target price for the company. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the stock. Molina Healthcare has a consensus rating of “Hold” and an average price target of $62.90.
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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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