Hancock Whitney Corp Cuts Position in Molina Healthcare, Inc. (NYSE:MOH)

Hancock Whitney Corp decreased its holdings in Molina Healthcare, Inc. (NYSE:MOH) by 6.3% in the 2nd quarter, HoldingsChannel reports. The fund owned 34,001 shares of the company’s stock after selling 2,293 shares during the quarter. Hancock Whitney Corp’s holdings in Molina Healthcare were worth $4,867,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Advisors Preferred LLC purchased a new position in Molina Healthcare in the second quarter worth $37,000. Stonebridge Capital Advisors LLC acquired a new stake in Molina Healthcare in the second quarter valued at $57,000. Financial Gravity Wealth Inc. grew its holdings in Molina Healthcare by 35.0% in the second quarter. Financial Gravity Wealth Inc. now owns 501 shares of the company’s stock valued at $72,000 after purchasing an additional 130 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Molina Healthcare by 108.6% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 997 shares of the company’s stock valued at $142,000 after purchasing an additional 519 shares during the last quarter. Finally, Point72 Hong Kong Ltd acquired a new stake in Molina Healthcare in the second quarter valued at $201,000. Hedge funds and other institutional investors own 96.76% of the company’s stock.

Shares of MOH traded up $0.94 during trading hours on Thursday, reaching $111.03. 3,716 shares of the company traded hands, compared to its average volume of 670,348. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $6.89 billion, a PE ratio of 10.03, a price-to-earnings-growth ratio of 0.99 and a beta of 1.14. Molina Healthcare, Inc. has a fifty-two week low of $105.28 and a fifty-two week high of $159.00. The stock has a fifty day simple moving average of $122.24 and a 200 day simple moving average of $133.85.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $3.11 EPS for the quarter, beating analysts’ consensus estimates of $2.56 by $0.55. The business had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.08 billion. Molina Healthcare had a return on equity of 51.49% and a net margin of 4.48%. The business’s revenue for the quarter was down 14.1% compared to the same quarter last year. During the same quarter last year, the company earned $3.08 earnings per share. Research analysts predict that Molina Healthcare, Inc. will post 11.5 EPS for the current fiscal year.

In other Molina Healthcare news, Director Ronna Romney sold 375 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $131.63, for a total value of $49,361.25. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.77% of the stock is currently owned by company insiders.

Several research firms have weighed in on MOH. Deutsche Bank began coverage on Molina Healthcare in a report on Thursday, September 12th. They issued a “buy” rating and a $145.00 target price on the stock. ValuEngine raised Molina Healthcare from a “sell” rating to a “hold” rating in a report on Wednesday. Morgan Stanley lowered their target price on Molina Healthcare from $184.00 to $172.00 and set an “overweight” rating on the stock in a report on Friday, August 23rd. Bank of America reaffirmed an “underperform” rating and set a $140.00 price objective (up previously from $132.00) on shares of Molina Healthcare in a research note on Wednesday, July 31st. Finally, Stephens set a $150.00 price objective on Molina Healthcare and gave the company a “hold” rating in a research note on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $160.45.

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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