Watershed Asset Management L.L.C. Decreases Position in Molina Healthcare, Inc. (NYSE:MOH)

Watershed Asset Management L.L.C. cut its position in Molina Healthcare, Inc. (NYSE:MOH) by 3.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 767 shares of the company’s stock after selling 30 shares during the period. Watershed Asset Management L.L.C.’s holdings in Molina Healthcare were worth $277,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. GAMMA Investing LLC purchased a new position in shares of Molina Healthcare during the fourth quarter valued at approximately $106,000. Demars Financial Group LLC raised its holdings in shares of Molina Healthcare by 443.2% during the fourth quarter. Demars Financial Group LLC now owns 10,115 shares of the company’s stock valued at $3,655,000 after purchasing an additional 8,253 shares during the last quarter. Illinois Municipal Retirement Fund raised its holdings in shares of Molina Healthcare by 7.9% during the fourth quarter. Illinois Municipal Retirement Fund now owns 38,417 shares of the company’s stock valued at $13,880,000 after purchasing an additional 2,826 shares during the last quarter. California Public Employees Retirement System raised its holdings in shares of Molina Healthcare by 1.7% during the fourth quarter. California Public Employees Retirement System now owns 337,294 shares of the company’s stock valued at $121,868,000 after purchasing an additional 5,642 shares during the last quarter. Finally, Jennison Associates LLC raised its holdings in shares of Molina Healthcare by 7.8% during the fourth quarter. Jennison Associates LLC now owns 360,238 shares of the company’s stock valued at $130,158,000 after purchasing an additional 26,219 shares during the last quarter. 98.50% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Molina Healthcare

In related news, Director Richard M. Schapiro sold 1,000 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $401.05, for a total transaction of $401,050.00. Following the completion of the transaction, the director now directly owns 11,207 shares of the company’s stock, valued at $4,494,567.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Richard M. Schapiro sold 1,000 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $401.05, for a total transaction of $401,050.00. Following the completion of the transaction, the director now directly owns 11,207 shares of the company’s stock, valued at $4,494,567.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Mark Lowell Keim sold 15,000 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $386.56, for a total transaction of $5,798,400.00. Following the transaction, the chief financial officer now directly owns 36,531 shares of the company’s stock, valued at $14,121,423.36. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,711 shares of company stock valued at $6,472,517. Corporate insiders own 1.11% of the company’s stock.

Molina Healthcare Price Performance

Shares of NYSE MOH traded up $1.35 during midday trading on Tuesday, reaching $363.22. The stock had a trading volume of 361,436 shares, compared to its average volume of 394,503. The stock has a 50-day moving average of $393.72 and a 200-day moving average of $371.83. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.54 and a current ratio of 1.54. The company has a market capitalization of $21.28 billion, a price-to-earnings ratio of 19.34, a price-to-earnings-growth ratio of 1.03 and a beta of 0.47. Molina Healthcare, Inc. has a 12-month low of $266.35 and a 12-month high of $423.92.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings data on Wednesday, February 7th. The company reported $4.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.31 by $0.07. The firm had revenue of $9.05 billion during the quarter, compared to analysts’ expectations of $8.35 billion. Molina Healthcare had a net margin of 3.20% and a return on equity of 32.34%. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the prior year, the company posted $4.10 earnings per share. As a group, research analysts anticipate that Molina Healthcare, Inc. will post 23.62 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

MOH has been the subject of several research reports. StockNews.com cut shares of Molina Healthcare from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 8th. Cantor Fitzgerald reissued an “overweight” rating and set a $406.00 price objective on shares of Molina Healthcare in a report on Thursday, April 4th. Barclays started coverage on shares of Molina Healthcare in a research report on Wednesday, March 6th. They set an “equal weight” rating and a $437.00 target price for the company. Wells Fargo & Company decreased their price target on shares of Molina Healthcare from $440.00 to $410.00 and set an “equal weight” rating on the stock in a research report on Monday, April 15th. Finally, Bank of America downgraded shares of Molina Healthcare from a “neutral” rating to an “underperform” rating and set a $439.00 price target on the stock. in a research report on Thursday, March 28th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $393.09.

Molina Healthcare Company 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.