Molina Healthcare Inc (NYSE:MOH) Stake Cut by Earnest Partners LLC

Earnest Partners LLC lowered its stake in Molina Healthcare Inc (NYSE:MOH) by 1.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,191,653 shares of the company’s stock after selling 14,782 shares during the period. Earnest Partners LLC owned 2.09% of Molina Healthcare worth $54,339,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in MOH. State Treasurer State of Michigan raised its stake in Molina Healthcare by 0.6% in the first quarter. State Treasurer State of Michigan now owns 17,300 shares of the company’s stock valued at $789,000 after buying an additional 100 shares in the last quarter. Advantus Capital Management Inc raised its stake in shares of Molina Healthcare by 2.9% in the first quarter. Advantus Capital Management Inc now owns 5,449 shares of the company’s stock worth $248,000 after buying an additional 153 shares during the period. Louisiana State Employees Retirement System raised its stake in shares of Molina Healthcare by 1.9% in the first quarter. Louisiana State Employees Retirement System now owns 10,700 shares of the company’s stock worth $488,000 after buying an additional 200 shares during the period. Oregon Public Employees Retirement Fund raised its stake in shares of Molina Healthcare by 1.4% in the first quarter. Oregon Public Employees Retirement Fund now owns 14,920 shares of the company’s stock worth $680,000 after buying an additional 200 shares during the period. Finally, Mason Street Advisors LLC raised its stake in shares of Molina Healthcare by 1.1% in the first quarter. Mason Street Advisors LLC now owns 20,107 shares of the company’s stock worth $917,000 after buying an additional 217 shares during the period. Institutional investors own 93.05% of the company’s stock.

Molina Healthcare Inc (NYSE:MOH) traded up 1.16% during mid-day trading on Friday, hitting $69.94. The stock had a trading volume of 437,036 shares. Molina Healthcare Inc has a 12 month low of $42.56 and a 12 month high of $72.15. The stock’s 50-day moving average price is $68.04 and its 200-day moving average price is $56.55. The stock has a market cap of $3.99 billion, a price-to-earnings ratio of 37.58 and a beta of 0.91.

COPYRIGHT VIOLATION NOTICE: “Molina Healthcare Inc (NYSE:MOH) Stake Cut by Earnest Partners LLC” was first published by BBNS and is the property of of BBNS. If you are viewing this piece on another domain, it was stolen and reposted in violation of United States & international copyright and trademark legislation. The original version of this piece can be accessed at https://baseballnewssource.com/markets/molina-healthcare-inc-moh-shares-sold-by-earnest-partners-llc-updated-updated/1044159.html.

A number of research firms have issued reports on MOH. TheStreet raised shares of Molina Healthcare from a “c” rating to a “b” rating in a report on Tuesday, May 2nd. ValuEngine raised shares of Molina Healthcare from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Zacks Investment Research raised shares of Molina Healthcare from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a report on Thursday, May 4th. Barclays PLC initiated coverage on shares of Molina Healthcare in a report on Tuesday, March 21st. They issued an “equal weight” rating and a $51.00 price target on the stock. Finally, Stifel Nicolaus upped their price objective on shares of Molina Healthcare from $45.00 to $47.00 and gave the company a “hold” rating in a report on Wednesday, May 3rd. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $59.23.

In related news, COO Terry Bayer sold 15,088 shares of the business’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $70.00, for a total transaction of $1,056,160.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Steven J. Orlando sold 1,000 shares of the company’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $67.18, for a total value of $67,180.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 174,042 shares of company stock worth $11,791,712. Corporate insiders own 6.20% of the company’s stock.

About Molina Healthcare

Molina Healthcare, Inc offers Medicaid-related solutions for low-income families and individuals, and assists government agencies in their administration of the Medicaid program. The Company operates through three segments: Health Plans, Molina Medicaid Solutions and Other, which includes its Pathways Health and Community Support LLC (Pathways) business.

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

Receive News & Ratings for Molina Healthcare Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Molina Healthcare Inc and related companies with our FREE daily email newsletter.

 


Latest News

Todd Frazier Traded to Yankees for Blake Rutherford and Others
Todd Frazier Traded to Yankees for Blake Rutherford and Others
Tigers Would Include Cash in Verlander Deal and Other MLB Trade Rumors
Tigers Would Include Cash in Verlander Deal and Other MLB Trade Rumors
Todd Frazier Trade to Boston Appears to Be Decided
Todd Frazier Trade to Boston Appears to Be Decided
Chicago White Sox Continue Rebuild Without Jose Quintana
Chicago White Sox Continue Rebuild Without Jose Quintana
Mike Trout Returns from Injury With Single and Stole Base
Mike Trout Returns from Injury With Single and Stole Base
Chicago Cubs Strengthen Rotation Through Trade for Jose Quintana
Chicago Cubs Strengthen Rotation Through Trade for Jose Quintana


Leave a Reply

 
© 2006-2017 BBNS.