Investment Management Corp of Ontario Sells 300 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Investment Management Corp of Ontario lowered its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH) by 15.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,597 shares of the company’s stock after selling 300 shares during the quarter. Investment Management Corp of Ontario’s holdings in Molina Healthcare were worth $465,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of MOH. Tributary Capital Management LLC lifted its holdings in shares of Molina Healthcare by 76.1% in the 4th quarter. Tributary Capital Management LLC now owns 4,190 shares of the company’s stock worth $1,219,000 after acquiring an additional 1,811 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Molina Healthcare by 123.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 347 shares of the company’s stock worth $100,000 after acquiring an additional 192 shares in the last quarter. SYM FINANCIAL Corp purchased a new stake in Molina Healthcare during the 4th quarter worth approximately $249,000. Summit Trail Advisors LLC purchased a new stake in Molina Healthcare during the 4th quarter worth approximately $452,000. Finally, Entropy Technologies LP grew its position in Molina Healthcare by 58.1% during the 4th quarter. Entropy Technologies LP now owns 4,594 shares of the company’s stock worth $1,337,000 after purchasing an additional 1,688 shares during the last quarter. Institutional investors own 98.50% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Baird R W downgraded shares of Molina Healthcare from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 15th. UBS Group reduced their target price on shares of Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating for the company in a research report on Friday, February 7th. StockNews.com upgraded shares of Molina Healthcare from a “hold” rating to a “buy” rating in a research report on Friday, April 11th. Barclays raised their price objective on shares of Molina Healthcare from $339.00 to $362.00 and gave the stock an “equal weight” rating in a research report on Friday, April 25th. Finally, Guggenheim assumed coverage on shares of Molina Healthcare in a research report on Wednesday, April 9th. They set a “neutral” rating for the company. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $365.38.

Insider Activity

In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $301.33, for a total value of $301,330.00. Following the transaction, the director now directly owns 17,375 shares of the company’s stock, valued at approximately $5,235,608.75. The trade was a 5.44% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Joseph M. Zubretsky sold 87,500 shares of the business’s stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of $320.06, for a total transaction of $28,005,250.00. Following the completion of the transaction, the chief executive officer now directly owns 257,715 shares in the company, valued at $82,484,262.90. This represents a 25.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 89,169 shares of company stock valued at $28,520,995 in the last ninety days. 1.10% of the stock is currently owned by company insiders.

Molina Healthcare Stock Up 1.6%

Shares of Molina Healthcare stock opened at $327.47 on Tuesday. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.69. Molina Healthcare, Inc. has a 52-week low of $262.32 and a 52-week high of $365.23. The company has a 50 day moving average of $325.04 and a 200 day moving average of $308.39. The company has a market capitalization of $17.75 billion, a P/E ratio of 16.03, a P/E/G ratio of 1.06 and a beta of 0.63.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $6.08 earnings per share for the quarter, topping analysts’ consensus estimates of $5.96 by $0.12. The company had revenue of $11.15 billion for the quarter, compared to analysts’ expectations of $10.86 billion. Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter last year, the company earned $5.73 earnings per share. As a group, research analysts forecast that Molina Healthcare, Inc. will post 24.4 EPS for the current fiscal year.

About Molina Healthcare

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.