Advisors Asset Management Inc. Sells 9,621 Shares of Molina Healthcare, Inc. (MOH)

Advisors Asset Management Inc. decreased its position in Molina Healthcare, Inc. (NYSE:MOH) by 68.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,380 shares of the company’s stock after selling 9,621 shares during the quarter. Advisors Asset Management Inc.’s holdings in Molina Healthcare were worth $301,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. grew its stake in shares of Molina Healthcare by 33.9% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 8,958 shares of the company’s stock valued at $616,000 after buying an additional 2,266 shares in the last quarter. Comerica Bank boosted its position in Molina Healthcare by 2.8% during the third quarter. Comerica Bank now owns 34,098 shares of the company’s stock worth $2,273,000 after purchasing an additional 939 shares during the period. Rhumbline Advisers boosted its position in Molina Healthcare by 1.8% during the third quarter. Rhumbline Advisers now owns 88,529 shares of the company’s stock worth $6,087,000 after purchasing an additional 1,538 shares during the period. Retirement Systems of Alabama boosted its position in Molina Healthcare by 136.3% during the third quarter. Retirement Systems of Alabama now owns 130,249 shares of the company’s stock worth $8,956,000 after purchasing an additional 75,133 shares during the period. Finally, Sei Investments Co. boosted its position in Molina Healthcare by 9.6% during the third quarter. Sei Investments Co. now owns 150,233 shares of the company’s stock worth $10,330,000 after purchasing an additional 13,169 shares during the period. 96.23% of the stock is owned by institutional investors and hedge funds.

Molina Healthcare, Inc. (NYSE MOH) traded down $2.22 on Thursday, hitting $74.29. The stock had a trading volume of 819,100 shares, compared to its average volume of 1,253,883. Molina Healthcare, Inc. has a 12 month low of $42.56 and a 12 month high of $80.74. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $4,368.26, a PE ratio of 23.76 and a beta of 0.97.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings data on Thursday, November 2nd. The company reported ($1.62) earnings per share for the quarter, missing the consensus estimate of $0.23 by ($1.85). Molina Healthcare had a negative net margin of 1.76% and a positive return on equity of 17.76%. The business had revenue of $5.03 billion during the quarter, compared to the consensus estimate of $4.95 billion. During the same period in the prior year, the company posted $0.85 earnings per share. The firm’s revenue was up 10.7% compared to the same quarter last year. equities research analysts anticipate that Molina Healthcare, Inc. will post -3.88 EPS for the current fiscal year.

A number of equities research analysts have issued reports on MOH shares. ValuEngine raised Molina Healthcare from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Zacks Investment Research raised Molina Healthcare from a “sell” rating to a “hold” rating in a research report on Monday, November 6th. Jefferies Group upped their target price on Molina Healthcare from $60.00 to $64.00 and gave the stock a “hold” rating in a research report on Friday, October 13th. Deutsche Bank reaffirmed a “hold” rating and set a $72.00 target price on shares of Molina Healthcare in a research report on Wednesday, August 9th. Finally, BMO Capital Markets started coverage on Molina Healthcare in a research report on Monday, October 16th. They set a “market perform” rating and a $70.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $64.30.

In other news, insider William Dentino sold 67,500 shares of the stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $61.49, for a total value of $4,150,575.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Garrey Carruthers sold 1,300 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $75.66, for a total value of $98,358.00. Following the completion of the sale, the director now directly owns 7,016 shares of the company’s stock, valued at $530,830.56. The disclosure for this sale can be found here. Insiders sold 409,523 shares of company stock valued at $28,635,752 over the last three months. 6.20% of the stock is owned by company insiders.

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

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