Molina Healthcare, Inc. (NYSE:MOH) Stock Position Lifted by Overbrook Management Corp

Overbrook Management Corp lifted its holdings in Molina Healthcare, Inc. (NYSE:MOH) by 1.1% in the 4th quarter, HoldingsChannel reports. The firm owned 36,908 shares of the company’s stock after purchasing an additional 391 shares during the quarter. Molina Healthcare makes up 2.7% of Overbrook Management Corp’s portfolio, making the stock its 17th largest holding. Overbrook Management Corp’s holdings in Molina Healthcare were worth $13,335,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of MOH. Wellington Management Group LLP lifted its holdings in shares of Molina Healthcare by 8.3% in the third quarter. Wellington Management Group LLP now owns 3,395,040 shares of the company’s stock valued at $1,113,200,000 after buying an additional 259,474 shares during the period. California Public Employees Retirement System lifted its stake in Molina Healthcare by 53.0% in the 3rd quarter. California Public Employees Retirement System now owns 331,652 shares of the company’s stock worth $108,745,000 after acquiring an additional 114,890 shares in the last quarter. Invesco Ltd. lifted its stake in Molina Healthcare by 10.4% in the 3rd quarter. Invesco Ltd. now owns 1,190,161 shares of the company’s stock worth $390,242,000 after acquiring an additional 112,243 shares in the last quarter. Lord Abbett & CO. LLC lifted its stake in Molina Healthcare by 28.5% in the 3rd quarter. Lord Abbett & CO. LLC now owns 470,386 shares of the company’s stock worth $154,234,000 after acquiring an additional 104,350 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in Molina Healthcare by 4,019.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 103,185 shares of the company’s stock worth $37,282,000 after acquiring an additional 100,680 shares in the last quarter. Institutional investors own 98.50% of the company’s stock.

Molina Healthcare Stock Performance

NYSE:MOH traded down $15.11 during mid-day trading on Thursday, hitting $352.30. 914,966 shares of the company’s stock traded hands, compared to its average volume of 401,848. The firm has a 50 day moving average of $392.45 and a two-hundred day moving average of $372.01. Molina Healthcare, Inc. has a 12 month low of $266.35 and a 12 month high of $423.92. The firm has a market capitalization of $20.64 billion, a price-to-earnings ratio of 18.76, a price-to-earnings-growth ratio of 1.02 and a beta of 0.47. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.57.

Molina Healthcare (NYSE:MOH) last announced its earnings results on Wednesday, April 24th. The company reported $5.73 earnings per share for the quarter, beating the consensus estimate of $5.46 by $0.27. Molina Healthcare had a return on equity of 32.34% and a net margin of 3.20%. The firm had revenue of $9.93 billion during the quarter, compared to the consensus estimate of $9.45 billion. During the same quarter in the prior year, the company earned $5.81 EPS. The firm’s revenue for the quarter was up 21.9% compared to the same quarter last year. On average, equities analysts forecast that Molina Healthcare, Inc. will post 23.62 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Bank of America lowered Molina Healthcare from a “neutral” rating to an “underperform” rating and set a $439.00 target price on the stock. in a research report on Thursday, March 28th. Barclays dropped their target price on Molina Healthcare from $437.00 to $430.00 and set an “equal weight” rating on the stock in a research report on Thursday. Stephens reaffirmed an “equal weight” rating and issued a $390.00 target price on shares of Molina Healthcare in a research report on Thursday. Wells Fargo & Company dropped their target price on Molina Healthcare from $440.00 to $410.00 and set an “equal weight” rating on the stock in a research report on Monday, April 15th. Finally, StockNews.com lowered Molina Healthcare from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $396.09.

Insider Activity at Molina Healthcare

In other Molina Healthcare news, CFO Mark Lowell Keim sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $386.56, for a total value of $5,798,400.00. Following the completion of the sale, the chief financial officer now owns 36,531 shares in the company, valued at approximately $14,121,423.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Richard M. Schapiro sold 1,000 shares of the business’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $401.05, for a total value of $401,050.00. Following the sale, the director now owns 11,207 shares of the company’s stock, valued at approximately $4,494,567.35. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Mark Lowell Keim sold 15,000 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $386.56, for a total value of $5,798,400.00. Following the completion of the sale, the chief financial officer now directly owns 36,531 shares in the company, valued at approximately $14,121,423.36. The disclosure for this sale can be found here. Insiders sold a total of 16,711 shares of company stock worth $6,472,517 in the last 90 days. 1.10% of the stock is owned by company insiders.

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.