BlueMountain Capital Management LLC reduced its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH) by 63.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 50,199 shares of the company’s stock after selling 85,374 shares during the quarter. BlueMountain Capital Management LLC owned 0.08% of Molina Healthcare worth $4,916,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in MOH. Integrated Investment Consultants LLC bought a new stake in shares of Molina Healthcare during the 2nd quarter worth $165,000. Contravisory Investment Management Inc. bought a new stake in shares of Molina Healthcare during the 2nd quarter worth $166,000. Eaton Vance Management bought a new stake in shares of Molina Healthcare during the 1st quarter worth $203,000. Zeke Capital Advisors LLC bought a new stake in shares of Molina Healthcare during the 2nd quarter worth $206,000. Finally, CIBC Asset Management Inc bought a new stake in shares of Molina Healthcare during the 2nd quarter worth $211,000.
Several equities analysts have commented on MOH shares. Zacks Investment Research upgraded Molina Healthcare from a “hold” rating to a “buy” rating and set a $120.00 target price for the company in a research report on Tuesday, July 24th. BMO Capital Markets increased their target price on Molina Healthcare from $85.00 to $94.00 and gave the company a “market perform” rating in a research report on Friday, June 1st. Barclays started coverage on Molina Healthcare in a research report on Monday, July 23rd. They issued an “equal weight” rating and a $105.00 target price for the company. Piper Jaffray Companies reiterated an “overweight” rating and issued a $134.00 target price on shares of Molina Healthcare in a research report on Thursday, August 2nd. Finally, SunTrust Banks increased their target price on Molina Healthcare to $140.00 and gave the company a “buy” rating in a research report on Thursday, August 2nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $114.15.
Molina Healthcare stock opened at $141.04 on Friday. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $8.52 billion, a price-to-earnings ratio of 246.93, a PEG ratio of 1.35 and a beta of 1.28. Molina Healthcare, Inc. has a 12 month low of $58.66 and a 12 month high of $141.66.
Molina Healthcare (NYSE:MOH) last posted its earnings results on Tuesday, July 31st. The company reported $3.08 EPS for the quarter, beating the consensus estimate of $1.09 by $1.99. The firm had revenue of $4.88 billion during the quarter, compared to the consensus estimate of $4.67 billion. Molina Healthcare had a positive return on equity of 23.01% and a negative net margin of 0.26%. The business’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period last year, the company earned ($4.01) earnings per share. research analysts anticipate that Molina Healthcare, Inc. will post 6.67 EPS for the current year.
In other news, Director Daniel Cooperman sold 943 shares of the stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $133.81, for a total value of $126,182.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ronna Romney sold 200 shares of the stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $138.11, for a total value of $27,622.00. The disclosure for this sale can be found here. In the last three months, insiders sold 9,867 shares of company stock valued at $1,301,992. Insiders own 0.65% of the company’s stock.
Molina Healthcare Company Profile
Molina Healthcare, Inc provides Medicaid-related solutions to meet the health care needs of low-income families and individuals; and to assist state agencies in their administration of the Medicaid program in the United States. It operates through three segments: Health Plans, Molina Medicaid Solutions, and Other.
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