Molina Healthcare Inc (MOH) Shares Sold by Systematic Financial Management LP

Systematic Financial Management LP lowered its stake in Molina Healthcare Inc (NYSE:MOH) by 4.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 84,483 shares of the company’s stock after selling 3,830 shares during the quarter. Systematic Financial Management LP owned 0.15% of Molina Healthcare worth $5,845,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. LS Investment Advisors LLC grew its stake in Molina Healthcare by 40.9% in the 2nd quarter. LS Investment Advisors LLC now owns 1,829 shares of the company’s stock valued at $127,000 after acquiring an additional 531 shares during the period. Meeder Asset Management Inc. purchased a new position in shares of Molina Healthcare during the 2nd quarter worth $136,000. Meadow Creek Investment Management LLC raised its holdings in shares of Molina Healthcare by 13.2% during the 1st quarter. Meadow Creek Investment Management LLC now owns 2,408 shares of the company’s stock worth $110,000 after acquiring an additional 280 shares during the period. Glen Harbor Capital Management LLC raised its holdings in shares of Molina Healthcare by 13.2% during the 1st quarter. Glen Harbor Capital Management LLC now owns 2,924 shares of the company’s stock worth $133,000 after acquiring an additional 340 shares during the period. Finally, Bronfman E.L. Rothschild L.P. raised its holdings in shares of Molina Healthcare by 478.7% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 3,316 shares of the company’s stock worth $229,000 after acquiring an additional 2,743 shares during the period. 96.04% of the stock is currently owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION NOTICE: This report was originally published by Markets Daily and is the sole property of of Markets Daily. If you are reading this report on another website, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright legislation. The legal version of this report can be read at https://www.themarketsdaily.com/2017/09/12/molina-healthcare-inc-moh-shares-sold-by-systematic-financial-management-lp.html.

Molina Healthcare Inc (NYSE:MOH) opened at 65.88 on Tuesday. The stock’s market capitalization is $3.76 billion. Molina Healthcare Inc has a 12-month low of $42.56 and a 12-month high of $72.79. The stock has a 50 day moving average price of $62.78 and a 200-day moving average price of $59.80.

Molina Healthcare (NYSE:MOH) last issued its earnings results on Wednesday, August 2nd. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.86 by $0.87. Molina Healthcare had a negative net margin of 1.07% and a positive return on equity of 16.10%. The firm had revenue of $5 billion during the quarter, compared to analysts’ expectations of $4.88 billion. During the same quarter last year, the firm earned $0.67 EPS. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. Equities research analysts expect that Molina Healthcare Inc will post ($2.96) EPS for the current year.

Several research analysts have recently commented on MOH shares. ValuEngine lowered Molina Healthcare from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Bank of America Corporation boosted their price objective on shares of Molina Healthcare from $59.00 to $60.00 and gave the company an “underperform” rating in a report on Friday, July 14th. TheStreet lowered shares of Molina Healthcare from a “b” rating to a “c” rating in a research note on Monday, August 7th. Zacks Investment Research lowered shares of Molina Healthcare from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 15th. Finally, BidaskClub lowered shares of Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $62.39.

In other news, Director John C. Molina sold 21,277 shares of the company’s stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $70.53, for a total transaction of $1,500,666.81. Following the completion of the sale, the director now owns 611,154 shares in the company, valued at approximately $43,104,691.62. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director John C. Molina sold 25,295 shares of the company’s stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $59.33, for a total value of $1,500,752.35. Following the sale, the director now owns 585,859 shares of the company’s stock, valued at approximately $34,759,014.47. The disclosure for this sale can be found here. Insiders sold 314,203 shares of company stock worth $20,429,327 in the last 90 days. Corporate insiders own 6.20% of the company’s stock.

About Molina Healthcare

Molina Healthcare, Inc offers Medicaid-related solutions for low-income families and individuals, and assists government agencies in their administration of the Medicaid program. The Company operates through three segments: Health Plans, Molina Medicaid Solutions and Other, which includes its Pathways Health and Community Support LLC (Pathways) business.

Want to see what other hedge funds are holding MOH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Molina Healthcare Inc (NYSE:MOH).

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

Receive News & Ratings for Molina Healthcare Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Molina Healthcare Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply