Alpha Windward LLC Sells 1,800 Shares of Molina Healthcare, Inc. (MOH)

Alpha Windward LLC lowered its position in shares of Molina Healthcare, Inc. (NYSE:MOH) by 28.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,420 shares of the company’s stock after selling 1,800 shares during the quarter. Molina Healthcare accounts for 0.4% of Alpha Windward LLC’s holdings, making the stock its 27th biggest position. Alpha Windward LLC’s holdings in Molina Healthcare were worth $657,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Integrated Investment Consultants LLC acquired a new position in Molina Healthcare during the 2nd quarter worth approximately $165,000. Contravisory Investment Management Inc. bought a new stake in shares of Molina Healthcare during the 2nd quarter worth approximately $166,000. Zeke Capital Advisors LLC bought a new stake in shares of Molina Healthcare during the 2nd quarter worth approximately $206,000. CIBC Asset Management Inc bought a new stake in shares of Molina Healthcare during the 2nd quarter worth approximately $211,000. Finally, Wealth Architects LLC bought a new stake in shares of Molina Healthcare during the 2nd quarter worth approximately $220,000.

MOH traded down $0.73 during trading hours on Thursday, reaching $142.40. The company’s stock had a trading volume of 721,800 shares, compared to its average volume of 1,119,043. Molina Healthcare, Inc. has a 52 week low of $62.08 and a 52 week high of $154.06. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.73. The stock has a market cap of $9.18 billion, a PE ratio of 258.20, a price-to-earnings-growth ratio of 1.45 and a beta of 1.26.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings results on Tuesday, July 31st. The company reported $3.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $1.99. Molina Healthcare had a positive return on equity of 23.01% and a negative net margin of 0.26%. The business had revenue of $4.88 billion for the quarter, compared to analysts’ expectations of $4.67 billion. During the same quarter in the prior year, the business earned ($4.01) EPS. The firm’s revenue for the quarter was down 2.3% on a year-over-year basis. Equities analysts forecast that Molina Healthcare, Inc. will post 6.68 earnings per share for the current year.

A number of brokerages have recently issued reports on MOH. Bank of America upped their price objective on Molina Healthcare from $94.00 to $110.00 and gave the stock an “underperform” rating in a research note on Wednesday, August 1st. Morgan Stanley upped their price objective on Molina Healthcare from $100.00 to $108.00 and gave the stock an “overweight” rating in a research note on Friday, July 13th. Wells Fargo & Co upped their price objective on Molina Healthcare from $90.00 to $92.00 and gave the stock a “market perform” rating in a research note on Thursday, June 28th. Jefferies Financial Group cut Molina Healthcare from a “buy” rating to a “hold” rating and set a $152.00 price objective on the stock. in a research note on Friday, October 12th. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded Molina Healthcare from a “hold” rating to a “strong-buy” rating and set a $113.00 price objective on the stock in a research note on Saturday, June 30th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $129.77.

In related news, Director Ronna Romney sold 200 shares of the stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $138.11, for a total value of $27,622.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Norman Nichols sold 4,501 shares of the stock in a transaction on Wednesday, August 8th. The shares were sold at an average price of $127.00, for a total value of $571,627.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,717 shares of company stock worth $1,289,932. 0.65% of the stock is owned by company insiders.

Molina Healthcare Company 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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