Molina Healthcare, Inc. (NYSE:MOH) Shares Sold by Semanteon Capital Management LP

Semanteon Capital Management LP lessened its stake in Molina Healthcare, Inc. (NYSE:MOH) by 36.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 2,535 shares of the company’s stock after selling 1,462 shares during the quarter. Semanteon Capital Management LP’s holdings in Molina Healthcare were worth $873,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Custom Index Systems LLC increased its stake in shares of Molina Healthcare by 62.8% in the 3rd quarter. Custom Index Systems LLC now owns 1,123 shares of the company’s stock valued at $387,000 after purchasing an additional 433 shares in the last quarter. DekaBank Deutsche Girozentrale increased its position in shares of Molina Healthcare by 2.2% in the third quarter. DekaBank Deutsche Girozentrale now owns 96,080 shares of the company’s stock valued at $32,646,000 after buying an additional 2,112 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Molina Healthcare by 9.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,706 shares of the company’s stock worth $932,000 after buying an additional 242 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Molina Healthcare by 27.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,039 shares of the company’s stock valued at $1,723,000 after buying an additional 1,084 shares in the last quarter. Finally, Tectonic Advisors LLC grew its stake in Molina Healthcare by 8.1% in the 3rd quarter. Tectonic Advisors LLC now owns 1,330 shares of the company’s stock valued at $458,000 after acquiring an additional 100 shares during the period. Institutional investors and hedge funds own 98.50% of the company’s stock.

Insider Activity

In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of the company’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $339.21, for a total transaction of $339,210.00. Following the transaction, the director now directly owns 18,025 shares in the company, valued at $6,114,260.25. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of the stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $339.21, for a total transaction of $339,210.00. Following the sale, the director now directly owns 18,025 shares in the company, valued at $6,114,260.25. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Maurice Hebert sold 393 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $346.52, for a total transaction of $136,182.36. Following the completion of the transaction, the chief accounting officer now owns 9,473 shares of the company’s stock, valued at approximately $3,282,583.96. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. StockNews.com upgraded shares of Molina Healthcare from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. JPMorgan Chase & Co. lowered their price objective on Molina Healthcare from $420.00 to $395.00 and set an “overweight” rating on the stock in a report on Wednesday, July 10th. Cantor Fitzgerald reissued an “overweight” rating and set a $406.00 target price on shares of Molina Healthcare in a report on Thursday. Jefferies Financial Group lowered their price target on Molina Healthcare from $354.00 to $297.00 and set a “hold” rating on the stock in a research note on Wednesday, July 24th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Molina Healthcare from $354.00 to $353.00 and set a “hold” rating for the company in a research note on Monday, July 29th. One research analyst has rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $367.00.

Molina Healthcare Trading Down 1.6 %

MOH stock traded down $5.17 during trading on Monday, reaching $320.37. 120,140 shares of the stock were exchanged, compared to its average volume of 523,486. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $18.77 billion, a price-to-earnings ratio of 17.46, a P/E/G ratio of 0.99 and a beta of 0.58. The business has a 50 day moving average price of $335.23 and a 200-day moving average price of $329.39. Molina Healthcare, Inc. has a 1 year low of $272.69 and a 1 year high of $423.92.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $6.01 EPS for the quarter, beating the consensus estimate of $5.96 by $0.05. The firm had revenue of $10.34 billion for the quarter, compared to analyst estimates of $9.92 billion. Molina Healthcare had a net margin of 2.84% and a return on equity of 28.09%. The business’s revenue for the quarter was up 21.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $5.05 EPS. On average, research analysts predict that Molina Healthcare, Inc. will post 23.5 earnings per share for the current year.

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.