York Capital Management Global Advisors LLC Buys New Position in Molina Healthcare Inc (MOH)
York Capital Management Global Advisors LLC bought a new stake in shares of Molina Healthcare Inc (NYSE:MOH) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 278,824 shares of the company’s stock, valued at approximately $19,289,000. York Capital Management Global Advisors LLC owned approximately 0.49% of Molina Healthcare at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in MOH. Naya Capital Management UK Ltd. lifted its holdings in shares of Molina Healthcare by 225.7% during the 2nd quarter. Naya Capital Management UK Ltd. now owns 363,093 shares of the company’s stock valued at $25,119,000 after buying an additional 251,600 shares during the last quarter. Shelton Capital Management acquired a new stake in shares of Molina Healthcare during the 2nd quarter valued at about $264,000. AHL Partners LLP lifted its holdings in shares of Molina Healthcare by 38.0% during the 2nd quarter. AHL Partners LLP now owns 99,397 shares of the company’s stock valued at $6,876,000 after buying an additional 27,351 shares during the last quarter. Capstone Investment Advisors Netherlands B.V. acquired a new stake in shares of Molina Healthcare during the 2nd quarter valued at about $249,000. Finally, Tudor Investment Corp ET AL lifted its holdings in shares of Molina Healthcare by 39.8% during the 2nd quarter. Tudor Investment Corp ET AL now owns 18,175 shares of the company’s stock valued at $1,257,000 after buying an additional 5,175 shares during the last quarter. 96.04% of the stock is currently owned by institutional investors.
MOH has been the subject of several research reports. Zacks Investment Research lowered Molina Healthcare from a “hold” rating to a “sell” rating in a report on Tuesday. Deutsche Bank AG restated a “hold” rating and issued a $72.00 target price on shares of Molina Healthcare in a report on Wednesday, August 9th. Bank of America Corporation boosted their target price on Molina Healthcare from $59.00 to $60.00 and gave the stock an “underperform” rating in a report on Friday, July 14th. Morgan Stanley upgraded Molina Healthcare from an “underweight” rating to an “overweight” rating and boosted their target price for the stock from $65.00 to $68.00 in a report on Thursday, August 17th. Finally, ValuEngine lowered Molina Healthcare from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $62.25.
Shares of Molina Healthcare Inc (MOH) traded up 0.39% on Friday, hitting $67.63. The stock had a trading volume of 445,327 shares. The company’s market cap is $3.86 billion. Molina Healthcare Inc has a 52 week low of $42.56 and a 52 week high of $72.79. The stock’s 50-day moving average price is $64.39 and its 200 day moving average price is $62.04.
Molina Healthcare (NYSE:MOH) last released its quarterly earnings data on Wednesday, August 2nd. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.87). Molina Healthcare had a negative net margin of 1.07% and a positive return on equity of 16.10%. The business had revenue of $5 billion during the quarter, compared to analyst estimates of $4.88 billion. During the same period in the previous year, the business earned $0.67 earnings per share. The business’s quarterly revenue was up 14.7% on a year-over-year basis. On average, analysts predict that Molina Healthcare Inc will post ($2.70) EPS for the current year.
In other news, insider William Dentino sold 66,000 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $60.09, for a total value of $3,965,940.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven J. Orlando sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $60.00, for a total value of $60,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 293,045 shares of company stock valued at $18,799,628. Insiders own 6.20% of the company’s stock.
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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