Swiss National Bank decreased its position in shares of Molina Healthcare, Inc. (NYSE:MOH – Free Report) by 1.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 231,900 shares of the company’s stock after selling 4,200 shares during the quarter. Swiss National Bank owned about 0.40% of Molina Healthcare worth $62,031,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Molina Healthcare by 18.4% during the first quarter. Vanguard Group Inc. now owns 6,449,375 shares of the company’s stock worth $2,151,448,000 after buying an additional 1,001,372 shares in the last quarter. State Street Corp grew its holdings in Molina Healthcare by 25.6% during the first quarter. State Street Corp now owns 2,457,008 shares of the company’s stock worth $819,633,000 after buying an additional 501,107 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Molina Healthcare by 10.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,374,111 shares of the company’s stock worth $783,979,000 after buying an additional 228,221 shares in the last quarter. Durable Capital Partners LP grew its holdings in Molina Healthcare by 9.7% during the fourth quarter. Durable Capital Partners LP now owns 1,240,045 shares of the company’s stock worth $409,488,000 after buying an additional 110,068 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Molina Healthcare by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 1,174,391 shares of the company’s stock worth $387,092,000 after buying an additional 30,608 shares in the last quarter. Institutional investors own 95.09% of the company’s stock.
Insider Buying and Selling
In related news, Director Steven J. Orlando sold 723 shares of the stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $301.25, for a total transaction of $217,803.75. Following the sale, the director now owns 20,265 shares of the company’s stock, valued at approximately $6,104,831.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Marc Russo sold 2,523 shares of the stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $312.72, for a total transaction of $788,992.56. Following the sale, the executive vice president now owns 37,093 shares of the company’s stock, valued at approximately $11,599,722.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Steven J. Orlando sold 723 shares of the firm’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $301.25, for a total value of $217,803.75. Following the completion of the sale, the director now directly owns 20,265 shares in the company, valued at approximately $6,104,831.25. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,246 shares of company stock valued at $5,247,256. Corporate insiders own 1.10% of the company’s stock.
Analyst Ratings Changes
Get Our Latest Stock Report on MOH
Molina Healthcare Stock Up 1.4 %
Shares of NYSE MOH opened at $314.23 on Friday. Molina Healthcare, Inc. has a one year low of $256.19 and a one year high of $374.00. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.52 and a quick ratio of 1.52. The business’s fifty day moving average price is $300.65 and its 200-day moving average price is $290.14. The stock has a market capitalization of $18.32 billion, a PE ratio of 19.91, a P/E/G ratio of 1.07 and a beta of 0.69.
Molina Healthcare (NYSE:MOH – Get Free Report) last issued its quarterly earnings results on Wednesday, July 26th. The company reported $5.65 EPS for the quarter, beating analysts’ consensus estimates of $5.05 by $0.60. The firm had revenue of $8.33 billion for the quarter, compared to analysts’ expectations of $8.32 billion. Molina Healthcare had a return on equity of 35.87% and a net margin of 2.81%. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.55 EPS. On average, equities research analysts anticipate that Molina Healthcare, Inc. will post 20.78 EPS for the current year.
Molina Healthcare Company Profile
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.
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