Molina Healthcare, Inc. (NYSE:MOH) Stock Holdings Lowered by Yousif Capital Management LLC

Yousif Capital Management LLC decreased its stake in Molina Healthcare, Inc. (NYSE:MOH) by 2.8% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,750 shares of the company’s stock after selling 226 shares during the quarter. Yousif Capital Management LLC’s holdings in Molina Healthcare were worth $2,553,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Angeles Investment Advisors LLC increased its holdings in shares of Molina Healthcare by 5.4% in the 4th quarter. Angeles Investment Advisors LLC now owns 838 shares of the company’s stock valued at $244,000 after purchasing an additional 43 shares during the period. Coldstream Capital Management Inc. grew its holdings in Molina Healthcare by 2.1% during the fourth quarter. Coldstream Capital Management Inc. now owns 2,346 shares of the company’s stock valued at $683,000 after purchasing an additional 48 shares during the last quarter. Rothschild Investment LLC raised its holdings in Molina Healthcare by 126.3% in the 1st quarter. Rothschild Investment LLC now owns 86 shares of the company’s stock worth $28,000 after acquiring an additional 48 shares during the period. Lindbrook Capital LLC lifted its position in shares of Molina Healthcare by 38.5% during the 4th quarter. Lindbrook Capital LLC now owns 205 shares of the company’s stock worth $60,000 after purchasing an additional 57 shares during the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC boosted its position in shares of Molina Healthcare by 7.1% in the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 877 shares of the company’s stock valued at $255,000 after acquiring an additional 58 shares during the period. 98.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on MOH. Guggenheim started coverage on Molina Healthcare in a report on Wednesday, April 9th. They issued a “neutral” rating for the company. Baird R W downgraded Molina Healthcare from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 15th. Sanford C. Bernstein initiated coverage on shares of Molina Healthcare in a research report on Tuesday, April 22nd. They set an “outperform” rating and a $414.00 target price on the stock. Wells Fargo & Company upgraded Molina Healthcare from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $295.00 to $372.00 in a report on Wednesday, March 5th. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $375.00 target price (up previously from $331.00) on shares of Molina Healthcare in a report on Tuesday, April 15th. Nine investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Molina Healthcare has a consensus rating of “Hold” and an average price target of $364.21.

Insider Transactions at Molina Healthcare

In other news, CEO Joseph M. Zubretsky sold 87,500 shares of Molina Healthcare stock in a transaction on Wednesday, April 30th. The stock was sold at an average price of $320.06, for a total transaction of $28,005,250.00. Following the completion of the sale, the chief executive officer now owns 257,715 shares of the company’s stock, valued at approximately $82,484,262.90. This trade represents a 25.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard M. Schapiro sold 669 shares of Molina Healthcare stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $320.50, for a total transaction of $214,414.50. Following the completion of the sale, the director now owns 11,244 shares of the company’s stock, valued at $3,603,702. This trade represents a 5.62% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.26% of the company’s stock.

Molina Healthcare Trading Up 1.7%

Shares of NYSE:MOH opened at $298.39 on Friday. The firm has a market cap of $16.17 billion, a price-to-earnings ratio of 14.61, a PEG ratio of 1.06 and a beta of 0.57. The company’s fifty day simple moving average is $316.10 and its 200 day simple moving average is $307.27. Molina Healthcare, Inc. has a 12 month low of $262.32 and a 12 month high of $365.23. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.69.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $6.08 EPS for the quarter, topping analysts’ consensus estimates of $5.96 by $0.12. The business had revenue of $11.15 billion for the quarter, compared to analyst estimates of $10.86 billion. Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.73 earnings per share. As a group, research analysts forecast that Molina Healthcare, Inc. will post 24.4 EPS for the current fiscal year.

Molina Healthcare Profile

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.