CIBC Asset Management Inc Has $2.88 Million Position in Molina Healthcare, Inc. (NYSE:MOH)

CIBC Asset Management Inc cut its position in shares of Molina Healthcare, Inc. (NYSE:MOHFree Report) by 4.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,963 shares of the company’s stock after selling 348 shares during the quarter. CIBC Asset Management Inc’s holdings in Molina Healthcare were worth $2,877,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MOH. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Molina Healthcare during the 3rd quarter worth approximately $30,000. McIlrath & Eck LLC bought a new position in Molina Healthcare in the fourth quarter worth $34,000. VisionPoint Advisory Group LLC increased its holdings in Molina Healthcare by 105.6% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 111 shares of the company’s stock valued at $36,000 after buying an additional 57 shares during the period. Principal Securities Inc. acquired a new position in shares of Molina Healthcare in the 4th quarter valued at $42,000. Finally, Friedenthal Financial acquired a new position in shares of Molina Healthcare in the 4th quarter valued at $43,000. 98.50% of the stock is currently owned by institutional investors.

Molina Healthcare Stock Up 2.2 %

Shares of NYSE MOH opened at $313.31 on Friday. Molina Healthcare, Inc. has a 12-month low of $269.67 and a 12-month high of $423.92. The firm’s 50-day simple moving average is $350.68 and its 200 day simple moving average is $369.52. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.53. The company has a market cap of $18.36 billion, a price-to-earnings ratio of 17.00, a price-to-earnings-growth ratio of 0.94 and a beta of 0.57.

Molina Healthcare (NYSE:MOHGet Free Report) last announced its earnings results on Wednesday, April 24th. The company reported $5.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.46 by $0.27. The company had revenue of $9.93 billion for the quarter, compared to analyst estimates of $9.45 billion. Molina Healthcare had a net margin of 2.99% and a return on equity of 29.86%. Molina Healthcare’s quarterly revenue was up 21.9% on a year-over-year basis. During the same period in the prior year, the business earned $5.81 earnings per share. On average, research analysts expect that Molina Healthcare, Inc. will post 23.56 earnings per share for the current fiscal year.

Insider Buying and Selling at Molina Healthcare

In other news, COO James Woys sold 10,000 shares of the business’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $345.15, for a total transaction of $3,451,500.00. Following the completion of the sale, the chief operating officer now owns 53,613 shares in the company, valued at $18,504,526.95. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Molina Healthcare news, Director Ronna Romney sold 250 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $343.27, for a total value of $85,817.50. Following the transaction, the director now directly owns 16,945 shares of the company’s stock, valued at $5,816,710.15. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO James Woys sold 10,000 shares of the company’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $345.15, for a total transaction of $3,451,500.00. Following the sale, the chief operating officer now owns 53,613 shares of the company’s stock, valued at approximately $18,504,526.95. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

MOH has been the topic of a number of analyst reports. Cantor Fitzgerald reissued an “overweight” rating and issued a $406.00 target price on shares of Molina Healthcare in a research note on Thursday, April 4th. Robert W. Baird assumed coverage on Molina Healthcare in a report on Thursday, May 30th. They issued an “outperform” rating and a $405.00 target price for the company. Baird R W upgraded Molina Healthcare to a “strong-buy” rating in a research report on Thursday, May 30th. Stephens reiterated an “equal weight” rating and issued a $390.00 price target on shares of Molina Healthcare in a research report on Thursday, April 25th. Finally, JPMorgan Chase & Co. cut their price objective on Molina Healthcare from $435.00 to $420.00 and set an “overweight” rating for the company in a report on Thursday, May 30th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Molina Healthcare currently has an average rating of “Moderate Buy” and an average price target of $407.45.

Get Our Latest Report on Molina Healthcare

Molina Healthcare Company Profile

(Free Report)

Molina Healthcare, Inc provides managed healthcare services to low-income families and individuals under the Medicaid and Medicare programs and through the state insurance marketplaces. It operates in four segments: Medicaid, Medicare, Marketplace, and Other. The company served in across 19 states. The company was founded in 1980 and is headquartered in Long Beach, California.

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

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