Marshall Wace LLP Sells 18,237 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Marshall Wace LLP trimmed its stake in Molina Healthcare, Inc. (NYSE:MOH) by 25.4% during the 4th quarter, Holdings Channel reports. The firm owned 53,584 shares of the company’s stock after selling 18,237 shares during the quarter. Marshall Wace LLP’s holdings in Molina Healthcare were worth $15,596,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Versant Capital Management Inc grew its position in Molina Healthcare by 83.1% in the fourth quarter. Versant Capital Management Inc now owns 163 shares of the company’s stock worth $47,000 after acquiring an additional 74 shares in the last quarter. Wingate Wealth Advisors Inc. purchased a new stake in Molina Healthcare during the fourth quarter valued at about $52,000. Hurley Capital LLC bought a new stake in Molina Healthcare during the fourth quarter worth about $55,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Molina Healthcare by 81.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 196 shares of the company’s stock worth $57,000 after purchasing an additional 88 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its position in shares of Molina Healthcare by 337.0% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 201 shares of the company’s stock valued at $58,000 after purchasing an additional 155 shares during the last quarter. 98.50% of the stock is owned by hedge funds and other institutional investors.

Molina Healthcare Stock Down 3.0 %

Shares of NYSE MOH opened at $322.57 on Monday. The firm has a fifty day simple moving average of $314.72 and a two-hundred day simple moving average of $307.76. Molina Healthcare, Inc. has a 12 month low of $262.32 and a 12 month high of $370.99. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $17.64 billion, a PE ratio of 15.79, a price-to-earnings-growth ratio of 1.06 and a beta of 0.70.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $5.05 earnings per share for the quarter, missing the consensus estimate of $5.74 by ($0.69). Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. Equities analysts expect that Molina Healthcare, Inc. will post 24.4 earnings per share for the current year.

Analysts Set New Price Targets

MOH has been the topic of several research reports. Baird R W downgraded shares of Molina Healthcare from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 15th. Barclays decreased their target price on shares of Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating on the stock in a research report on Friday, February 7th. Wells Fargo & Company upgraded shares of Molina Healthcare from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $295.00 to $372.00 in a research report on Wednesday, March 5th. Stephens reiterated an “equal weight” rating and issued a $345.00 price objective on shares of Molina Healthcare in a report on Thursday, February 6th. Finally, Mizuho increased their target price on Molina Healthcare from $376.00 to $400.00 and gave the company an “outperform” rating in a report on Wednesday, April 9th. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $359.42.

Insiders Place Their Bets

In other news, Director Steven J. Orlando sold 1,000 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $301.33, for a total value of $301,330.00. Following the sale, the director now directly owns 17,375 shares of the company’s stock, valued at $5,235,608.75. This represents a 5.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.26% of the stock is owned by corporate insiders.

Molina Healthcare 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.