Molina Healthcare, Inc (NYSE:MOH) Shares Sold by XTX Topco Ltd

XTX Topco Ltd trimmed its stake in shares of Molina Healthcare, Inc (NYSE:MOH) by 60.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 681 shares of the company’s stock after selling 1,025 shares during the quarter. XTX Topco Ltd’s holdings in Molina Healthcare were worth $224,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC grew its stake in Molina Healthcare by 74,593.7% during the 1st quarter. GAMMA Investing LLC now owns 667,015 shares of the company’s stock worth $219,708,000 after buying an additional 666,122 shares during the last quarter. Voloridge Investment Management LLC boosted its holdings in shares of Molina Healthcare by 1,641.3% in the fourth quarter. Voloridge Investment Management LLC now owns 409,807 shares of the company’s stock valued at $119,274,000 after acquiring an additional 386,273 shares during the period. Two Sigma Investments LP acquired a new stake in shares of Molina Healthcare in the fourth quarter valued at approximately $44,099,000. BNP Paribas Financial Markets grew its position in shares of Molina Healthcare by 138.4% during the fourth quarter. BNP Paribas Financial Markets now owns 177,150 shares of the company’s stock worth $51,560,000 after acquiring an additional 102,840 shares during the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of Molina Healthcare by 19.6% in the 4th quarter. AQR Capital Management LLC now owns 620,294 shares of the company’s stock valued at $180,537,000 after acquiring an additional 101,630 shares during the period. 98.50% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MOH has been the subject of a number of recent research reports. Sanford C. Bernstein initiated coverage on shares of Molina Healthcare in a research note on Tuesday, April 22nd. They set an “outperform” rating and a $414.00 price target for the company. Barclays decreased their price target on shares of Molina Healthcare from $270.00 to $186.00 and set an “equal weight” rating for the company in a research note on Friday, July 25th. UBS Group decreased their price target on shares of Molina Healthcare from $260.00 to $180.00 and set a “neutral” rating for the company in a research note on Friday, July 25th. Wall Street Zen cut Molina Healthcare from a “buy” rating to a “hold” rating in a research report on Sunday, June 29th. Finally, Robert W. Baird decreased their price objective on Molina Healthcare from $373.00 to $179.00 and set a “neutral” rating for the company in a research report on Friday, July 25th. Eleven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $244.55.

Molina Healthcare Trading Up 2.1%

NYSE MOH opened at $157.02 on Wednesday. Molina Healthcare, Inc has a 1-year low of $151.95 and a 1-year high of $365.23. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $8.51 billion, a PE ratio of 7.74 and a beta of 0.52. The firm’s fifty day simple moving average is $231.16 and its 200-day simple moving average is $284.81.

Molina Healthcare (NYSE:MOH) last posted its earnings results on Wednesday, July 23rd. The company reported $5.48 EPS for the quarter, missing the consensus estimate of $5.50 by ($0.02). The business had revenue of $11.43 billion for the quarter, compared to analyst estimates of $10.94 billion. Molina Healthcare had a return on equity of 27.72% and a net margin of 2.60%. The company’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same period in the previous year, the company earned $5.86 earnings per share. As a group, sell-side analysts anticipate that Molina Healthcare, Inc will post 24.4 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Ronna Romney sold 700 shares of the business’s stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $153.74, for a total transaction of $107,618.00. Following the transaction, the director directly owned 17,131 shares in the company, valued at $2,633,719.94. The trade was a 3.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO James Woys purchased 10,000 shares of the stock in a transaction that occurred on Monday, August 4th. The shares were purchased at an average price of $155.94 per share, for a total transaction of $1,559,400.00. Following the completion of the purchase, the chief operating officer directly owned 74,331 shares of the company’s stock, valued at approximately $11,591,176.14. This trade represents a 15.54% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.26% of the company’s stock.

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.