Capital Fund Management S.A. Increases Stake in Molina Healthcare, Inc. (MOH)

Capital Fund Management S.A. raised its position in Molina Healthcare, Inc. (NYSE:MOH) by 152.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 108,400 shares of the company’s stock after buying an additional 65,459 shares during the period. Capital Fund Management S.A. owned 0.19% of Molina Healthcare worth $4,943,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Capital World Investors raised its stake in shares of Molina Healthcare by 1.5% in the third quarter. Capital World Investors now owns 5,511,000 shares of the company’s stock valued at $321,402,000 after buying an additional 80,000 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Molina Healthcare by 20.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,206,833 shares of the company’s stock valued at $119,744,000 after buying an additional 367,903 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in shares of Molina Healthcare by 4.3% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,300,684 shares of the company’s stock valued at $75,856,000 after buying an additional 53,581 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Molina Healthcare by 2.1% in the fourth quarter. Renaissance Technologies LLC now owns 1,133,900 shares of the company’s stock valued at $61,525,000 after buying an additional 23,700 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of Molina Healthcare by 1.1% in the third quarter. Northern Trust Corp now owns 661,040 shares of the company’s stock valued at $38,552,000 after buying an additional 7,466 shares during the last quarter. 90.72% of the stock is owned by institutional investors.

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

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings results on Wednesday, February 15th. The company reported ($1.54) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.75 by $2.29. The company had revenue of $4.46 billion during the quarter, compared to analysts’ expectations of $4.55 billion. Molina Healthcare had a net margin of 0.76% and a return on equity of 9.38%.

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Several analysts recently commented on MOH shares. Cowen and Company started coverage on Molina Healthcare in a report on Wednesday, March 15th. They issued a “market perform” rating and a $48.00 price objective for the company. Zacks Investment Research upgraded Molina Healthcare from a “strong sell” rating to a “hold” rating in a research report on Monday, April 24th. Wolfe Research reiterated a “market perform” rating and set a $69.00 target price on shares of Molina Healthcare in a research report on Monday. TheStreet upgraded Molina Healthcare from a “c” rating to a “b” rating in a research report on Tuesday, May 2nd. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $59.00 target price on shares of Molina Healthcare in a research report on Thursday, February 16th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. Molina Healthcare currently has an average rating of “Hold” and a consensus price target of $56.92.

In related news, Director Ronna Romney sold 1,943 shares of the firm’s stock in a transaction dated Wednesday, March 8th. The shares were sold at an average price of $48.82, for a total value of $94,857.26. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO John C. Molina sold 20,341 shares of the firm’s stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $49.19, for a total transaction of $1,000,573.79. The disclosure for this sale can be found here. Insiders sold a total of 87,140 shares of company stock worth $5,349,129 over the last ninety days. 6.89% of the stock is currently owned by corporate insiders.

Molina Healthcare Company Profile

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.

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