Point72 Asset Management L.P. Has $13.87 Million Stock Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Point72 Asset Management L.P. decreased its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH) by 6.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 102,195 shares of the company’s stock after selling 7,040 shares during the period. Point72 Asset Management L.P.’s holdings in Molina Healthcare were worth $13,867,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in MOH. Gradient Investments LLC bought a new stake in shares of Molina Healthcare in the 4th quarter valued at approximately $48,000. First Bank & Trust raised its holdings in shares of Molina Healthcare by 487.2% in the 4th quarter. First Bank & Trust now owns 458 shares of the company’s stock worth $62,000 after buying an additional 380 shares in the last quarter. Arden Trust Co bought a new position in shares of Molina Healthcare during the 4th quarter worth approximately $207,000. Symphony Asset Management LLC bought a new position in shares of Molina Healthcare during the 4th quarter worth approximately $210,000. Finally, Alphasimplex Group LLC acquired a new stake in Molina Healthcare in the 4th quarter valued at $218,000. Hedge funds and other institutional investors own 96.40% of the company’s stock.

MOH stock traded up $9.75 during midday trading on Thursday, reaching $139.98. 757,321 shares of the company’s stock traded hands, compared to its average volume of 796,418. The company has a 50-day simple moving average of $133.53 and a two-hundred day simple moving average of $128.29. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.75. Molina Healthcare, Inc. has a 1-year low of $102.85 and a 1-year high of $159.00. The company has a market cap of $7.17 billion, a price-to-earnings ratio of 12.20, a PEG ratio of 0.94 and a beta of 0.94.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings data on Monday, February 10th. The company reported $2.73 EPS for the quarter, topping analysts’ consensus estimates of $2.65 by $0.08. The company had revenue of $4.27 billion for the quarter, compared to analyst estimates of $4.28 billion. Molina Healthcare had a return on equity of 40.80% and a net margin of 4.38%. The business’s revenue was down 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.07 earnings per share. Equities research analysts forecast that Molina Healthcare, Inc. will post 11.68 EPS for the current year.

A number of brokerages have weighed in on MOH. BMO Capital Markets upped their price target on Molina Healthcare from $152.00 to $170.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Deutsche Bank lifted their price objective on Molina Healthcare from $156.00 to $206.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. ValuEngine downgraded shares of Molina Healthcare from a “hold” rating to a “sell” rating in a research note on Saturday, January 4th. JPMorgan Chase & Co. upped their target price on shares of Molina Healthcare from $150.00 to $152.00 and gave the stock an “overweight” rating in a report on Friday, December 20th. Finally, Cfra increased their target price on shares of Molina Healthcare from $128.00 to $141.00 and gave the stock a “hold” rating in a research report on Tuesday, February 11th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. Molina Healthcare presently has a consensus rating of “Hold” and a consensus target price of $157.70.

In related news, Director Ronna Romney sold 375 shares of Molina Healthcare stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $149.69, for a total value of $56,133.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.77% of the company’s stock.

Molina Healthcare Profile

Molina Healthcare, Inc provides Medicaid-related solutions to meet the health care needs of low-income families and individuals; and to assist state agencies in their administration of the Medicaid program in the United States. It operates through three segments: Health Plans, Molina Medicaid Solutions, and Other.

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

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