Scout Investments Inc. Reduces Position in Molina Healthcare, Inc. (MOH)

Scout Investments Inc. decreased its stake in Molina Healthcare, Inc. (NYSE:MOH) by 15.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 326,701 shares of the company’s stock after selling 59,411 shares during the period. Molina Healthcare comprises about 1.0% of Scout Investments Inc.’s holdings, making the stock its 24th largest holding. Scout Investments Inc.’s holdings in Molina Healthcare were worth $37,969,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Swiss National Bank lifted its stake in Molina Healthcare by 3.5% in the 3rd quarter. Swiss National Bank now owns 102,200 shares of the company’s stock valued at $15,197,000 after purchasing an additional 3,500 shares during the last quarter. World Asset Management Inc increased its position in Molina Healthcare by 13.9% in the 3rd quarter. World Asset Management Inc now owns 3,047 shares of the company’s stock valued at $453,000 after acquiring an additional 372 shares during the period. Glenmede Trust Co. NA increased its position in Molina Healthcare by 43,291.3% in the 2nd quarter. Glenmede Trust Co. NA now owns 49,900 shares of the company’s stock valued at $4,887,000 after acquiring an additional 49,785 shares during the period. Retirement Systems of Alabama increased its position in Molina Healthcare by 8.1% in the 3rd quarter. Retirement Systems of Alabama now owns 184,957 shares of the company’s stock valued at $27,503,000 after acquiring an additional 13,853 shares during the period. Finally, Ibex Investors LLC acquired a new position in Molina Healthcare in the 3rd quarter valued at approximately $200,000.

MOH has been the topic of a number of recent research reports. ValuEngine raised shares of Molina Healthcare from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Jefferies Financial Group lowered shares of Molina Healthcare from a “buy” rating to a “hold” rating and set a $152.00 price target for the company. in a report on Friday, October 12th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Molina Healthcare from a “hold” rating to a “strong-buy” rating and set a $155.00 price objective on the stock in a research report on Tuesday, October 23rd. Evercore ISI started coverage on shares of Molina Healthcare in a research note on Tuesday, October 9th. They issued an “in-line” rating and a $158.00 price target on the stock. Finally, Morgan Stanley increased their price objective on shares of Molina Healthcare from $178.00 to $184.00 and gave the stock an “overweight” rating in a research note on Thursday, October 18th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Molina Healthcare has a consensus rating of “Buy” and an average target price of $140.92.

In other news, Director Ronna Romney sold 200 shares of the company’s stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $141.23, for a total value of $28,246.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Steven J. Orlando sold 1,000 shares of the company’s stock in a transaction dated Wednesday, November 14th. The stock was sold at an average price of $135.86, for a total transaction of $135,860.00. The disclosure for this sale can be found here. Insiders sold 9,195 shares of company stock valued at $1,187,506 over the last 90 days. Corporate insiders own 0.65% of the company’s stock.

Shares of NYSE MOH traded up $0.34 during mid-day trading on Friday, hitting $133.38. 640,662 shares of the stock were exchanged, compared to its average volume of 1,258,020. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.78. The firm has a market cap of $8.15 billion, a price-to-earnings ratio of 238.18, a PEG ratio of 1.26 and a beta of 1.62. Molina Healthcare, Inc. has a twelve month low of $71.07 and a twelve month high of $154.06.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings data on Wednesday, October 31st. The company reported $2.55 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.90. The company had revenue of $4.70 billion for the quarter, compared to analyst estimates of $4.72 billion. Molina Healthcare had a net margin of 1.27% and a return on equity of 30.50%. Molina Healthcare’s revenue for the quarter was down 6.6% compared to the same quarter last year. During the same period in the previous year, the business earned ($1.62) EPS. On average, analysts forecast that Molina Healthcare, Inc. will post 8.12 earnings per share for the current year.

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Molina Healthcare Profile

Molina Healthcare, Inc provides Medicaid-related solutions to meet the health care needs of low-income families and individuals; and to assist state agencies in their administration of the Medicaid program in the United States. It operates through three segments: Health Plans, Molina Medicaid Solutions, and Other.

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

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