US Bancorp DE Decreases Stock Holdings in Molina Healthcare, Inc. (NYSE:MOH)

US Bancorp DE trimmed its position in shares of Molina Healthcare, Inc. (NYSE:MOH) by 24.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,049 shares of the company’s stock after selling 661 shares during the period. US Bancorp DE’s holdings in Molina Healthcare were worth $293,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Fiera Capital Corp purchased a new position in Molina Healthcare during the 1st quarter valued at about $43,862,000. Renaissance Technologies LLC grew its position in shares of Molina Healthcare by 3.7% in the 2nd quarter. Renaissance Technologies LLC now owns 3,831,905 shares of the company’s stock worth $548,499,000 after buying an additional 136,700 shares during the last quarter. TCW Group Inc. grew its position in shares of Molina Healthcare by 8.8% in the 1st quarter. TCW Group Inc. now owns 635,639 shares of the company’s stock worth $90,235,000 after buying an additional 51,384 shares during the last quarter. AJO LP grew its position in shares of Molina Healthcare by 253.3% in the 1st quarter. AJO LP now owns 68,524 shares of the company’s stock worth $9,728,000 after buying an additional 49,127 shares during the last quarter. Finally, Scout Investments Inc. increased its stake in shares of Molina Healthcare by 24.7% during the second quarter. Scout Investments Inc. now owns 219,718 shares of the company’s stock valued at $31,450,000 after buying an additional 43,510 shares during the period. 96.76% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:MOH traded down $1.85 during trading on Tuesday, hitting $107.87. The stock had a trading volume of 20,143 shares, compared to its average volume of 641,559. The company has a market capitalization of $6.87 billion, a PE ratio of 9.75, a PEG ratio of 0.97 and a beta of 1.20. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.85. The firm’s fifty day moving average is $123.24 and its 200 day moving average is $134.17. Molina Healthcare, Inc. has a 12 month low of $105.28 and a 12 month high of $159.00.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings results on Tuesday, July 30th. The company reported $3.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.56 by $0.55. The company had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.08 billion. Molina Healthcare had a return on equity of 51.49% and a net margin of 4.48%. The firm’s revenue was down 14.1% on a year-over-year basis. During the same period in the previous year, the company posted $3.08 earnings per share. Equities research analysts expect that Molina Healthcare, Inc. will post 11.5 EPS for the current fiscal year.

In other news, Director Ronna Romney sold 375 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $131.63, for a total transaction of $49,361.25. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.77% of the company’s stock.

MOH has been the subject of a number of recent analyst reports. Bank of America restated an “underperform” rating and set a $140.00 target price (up previously from $132.00) on shares of Molina Healthcare in a report on Wednesday, July 31st. ValuEngine cut shares of Molina Healthcare from a “sell” rating to a “strong sell” rating in a report on Thursday, September 12th. Deutsche Bank started coverage on shares of Molina Healthcare in a research report on Thursday, September 12th. They set a “buy” rating and a $145.00 price objective on the stock. Morgan Stanley decreased their price objective on shares of Molina Healthcare from $184.00 to $172.00 and set an “overweight” rating for the company in a report on Friday, August 23rd. Finally, Stephens set a $150.00 target price on shares of Molina Healthcare and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $160.45.

About Molina Healthcare

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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