Panagora Asset Management Inc. Reduces Stake in Molina Healthcare, Inc. (MOH)

Panagora Asset Management Inc. cut its stake in Molina Healthcare, Inc. (NYSE:MOH) by 52.0% during the third quarter, Holdings Channel reports. The fund owned 11,001 shares of the company’s stock after selling 11,934 shares during the quarter. Panagora Asset Management Inc.’s holdings in Molina Healthcare were worth $1,636,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Comerica Bank lifted its position in Molina Healthcare by 2.6% in the second quarter. Comerica Bank now owns 37,088 shares of the company’s stock worth $3,926,000 after buying an additional 937 shares during the last quarter. Smith Asset Management Group LP bought a new stake in Molina Healthcare in the second quarter worth $32,522,000. First Trust Advisors LP bought a new stake in Molina Healthcare in the second quarter worth $5,658,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Molina Healthcare in the second quarter worth $1,256,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Molina Healthcare by 35.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,255 shares of the company’s stock worth $319,000 after buying an additional 851 shares during the last quarter.

In other news, Director Steven J. Orlando sold 1,000 shares of Molina Healthcare stock in a transaction on Wednesday, November 14th. The stock was sold at an average price of $135.86, for a total transaction of $135,860.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ronna Romney sold 200 shares of Molina Healthcare stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $141.23, for a total value of $28,246.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,045 shares of company stock valued at $1,172,076. Corporate insiders own 0.65% of the company’s stock.



A number of analysts recently issued reports on MOH shares. Morgan Stanley raised their price target on Molina Healthcare from $178.00 to $184.00 and gave the stock an “overweight” rating in a research report on Thursday, October 18th. Jefferies Financial Group downgraded Molina Healthcare from a “buy” rating to a “hold” rating and set a $152.00 price target for the company. in a research report on Friday, October 12th. They noted that the move was a valuation call. Zacks Investment Research downgraded Molina Healthcare from a “buy” rating to a “hold” rating in a research report on Monday, October 8th. Evercore ISI started coverage on Molina Healthcare in a research report on Tuesday, October 9th. They issued an “in-line” rating and a $158.00 price target for the company. Finally, ValuEngine downgraded Molina Healthcare from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $131.92.

NYSE:MOH opened at $131.72 on Friday. Molina Healthcare, Inc. has a twelve month low of $71.07 and a twelve month high of $154.06. The firm has a market cap of $8.22 billion, a PE ratio of 18.76, a price-to-earnings-growth ratio of 1.43 and a beta of 1.53. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.78.

Molina Healthcare (NYSE:MOH) last released its earnings results on Wednesday, October 31st. The company reported $2.55 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.90. Molina Healthcare had a return on equity of 30.50% and a net margin of 1.27%. The business had revenue of $4.70 billion during the quarter, compared to the consensus estimate of $4.72 billion. During the same period last year, the company earned ($1.62) earnings per share. The business’s revenue for the quarter was down 6.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Molina Healthcare, Inc. will post 8.12 earnings per share for the current year.

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About Molina Healthcare

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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