Chevy Chase Trust Holdings LLC Sells 478 Shares of Molina Healthcare, Inc $MOH

Chevy Chase Trust Holdings LLC trimmed its holdings in Molina Healthcare, Inc (NYSE:MOH) by 1.6% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 28,629 shares of the company’s stock after selling 478 shares during the quarter. Chevy Chase Trust Holdings LLC owned 0.05% of Molina Healthcare worth $8,529,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Teacher Retirement System of Texas purchased a new position in shares of Molina Healthcare in the first quarter worth $2,759,000. Swedbank AB increased its stake in shares of Molina Healthcare by 6.8% in the second quarter. Swedbank AB now owns 102,176 shares of the company’s stock worth $30,438,000 after buying an additional 6,484 shares during the period. Acadian Asset Management LLC increased its stake in shares of Molina Healthcare by 3,192.6% in the first quarter. Acadian Asset Management LLC now owns 5,762 shares of the company’s stock worth $1,897,000 after buying an additional 5,587 shares during the period. Robeco Institutional Asset Management B.V. purchased a new position in shares of Molina Healthcare in the first quarter worth $1,070,000. Finally, Focus Partners Advisor Solutions LLC purchased a new position in shares of Molina Healthcare in the first quarter worth $743,000. 98.50% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Wells Fargo & Company lifted their target price on shares of Molina Healthcare from $198.00 to $231.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 7th. Sanford C. Bernstein reduced their price objective on shares of Molina Healthcare from $284.00 to $220.00 and set an “outperform” rating on the stock in a research report on Friday, September 5th. JPMorgan Chase & Co. reduced their price objective on shares of Molina Healthcare from $272.00 to $184.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 29th. Morgan Stanley boosted their price objective on shares of Molina Healthcare from $163.00 to $204.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 14th. Finally, Wall Street Zen downgraded shares of Molina Healthcare from a “buy” rating to a “hold” rating in a research report on Sunday, June 29th. Three analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $222.15.

Insider Transactions at Molina Healthcare

In other news, Director Ronna Romney sold 700 shares of the company’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $153.74, for a total value of $107,618.00. Following the sale, the director directly owned 17,131 shares of the company’s stock, valued at $2,633,719.94. This represents a 3.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO James Woys bought 10,000 shares of Molina Healthcare stock in a transaction dated Monday, August 4th. The stock was acquired at an average cost of $155.94 per share, for a total transaction of $1,559,400.00. Following the completion of the transaction, the chief operating officer directly owned 74,331 shares in the company, valued at approximately $11,591,176.14. This trade represents a 15.54% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.26% of the stock is owned by corporate insiders.

Molina Healthcare Stock Up 2.1%

NYSE:MOH opened at $192.47 on Monday. The firm’s 50-day moving average price is $181.93 and its 200-day moving average price is $243.40. The company has a market capitalization of $10.43 billion, a PE ratio of 9.49 and a beta of 0.55. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.66 and a quick ratio of 1.66. Molina Healthcare, Inc has a 1-year low of $151.95 and a 1-year high of $359.97.

Molina Healthcare (NYSE:MOH) last released its earnings results on Wednesday, July 23rd. The company reported $5.48 earnings per share for the quarter, missing analysts’ consensus estimates of $5.50 by ($0.02). The business had revenue of $11.43 billion during the quarter, compared to analysts’ expectations of $10.94 billion. Molina Healthcare had a return on equity of 27.72% and a net margin of 2.60%.The firm’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same period in the prior year, the company earned $5.86 earnings per share. On average, equities analysts predict that Molina Healthcare, Inc will post 24.4 EPS for the current fiscal year.

About Molina Healthcare

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.