Iridian Asset Management LLC CT Sells 500 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Iridian Asset Management LLC CT lessened its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH) by 16.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 2,522 shares of the company’s stock after selling 500 shares during the period. Iridian Asset Management LLC CT’s holdings in Molina Healthcare were worth $869,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Innealta Capital LLC bought a new stake in shares of Molina Healthcare during the second quarter worth $36,000. Ashton Thomas Private Wealth LLC bought a new position in Molina Healthcare in the second quarter valued at about $40,000. AM Squared Ltd bought a new position in Molina Healthcare in the second quarter valued at about $59,000. UMB Bank n.a. boosted its holdings in Molina Healthcare by 96.2% in the third quarter. UMB Bank n.a. now owns 206 shares of the company’s stock valued at $71,000 after acquiring an additional 101 shares during the last quarter. Finally, Fidelis Capital Partners LLC bought a new position in Molina Healthcare in the first quarter valued at about $151,000. Institutional investors own 98.50% of the company’s stock.

Molina Healthcare Stock Up 0.3 %

Shares of Molina Healthcare stock opened at $324.24 on Thursday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.57 and a current ratio of 1.57. The business’s 50 day simple moving average is $334.11 and its 200 day simple moving average is $328.58. The firm has a market cap of $19.00 billion, a PE ratio of 17.77, a P/E/G ratio of 0.99 and a beta of 0.58. Molina Healthcare, Inc. has a 52-week low of $272.69 and a 52-week high of $423.92.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $6.01 earnings per share for the quarter, beating analysts’ consensus estimates of $5.96 by $0.05. The firm had revenue of $10.34 billion during the quarter, compared to the consensus estimate of $9.92 billion. Molina Healthcare had a return on equity of 28.09% and a net margin of 2.84%. The business’s revenue was up 21.0% compared to the same quarter last year. During the same period last year, the company earned $5.05 earnings per share. On average, analysts predict that Molina Healthcare, Inc. will post 23.5 earnings per share for the current fiscal year.

Insider Buying and Selling at Molina Healthcare

In other news, CAO Maurice Hebert sold 393 shares of Molina Healthcare stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $346.52, for a total transaction of $136,182.36. Following the completion of the transaction, the chief accounting officer now directly owns 9,473 shares in the company, valued at approximately $3,282,583.96. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft decreased their price target on Molina Healthcare from $354.00 to $353.00 and set a “hold” rating on the stock in a report on Monday, July 29th. JPMorgan Chase & Co. reduced their target price on Molina Healthcare from $420.00 to $395.00 and set an “overweight” rating on the stock in a report on Wednesday, July 10th. Cantor Fitzgerald restated an “overweight” rating and set a $406.00 target price on shares of Molina Healthcare in a report on Thursday, October 24th. StockNews.com raised Molina Healthcare from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Finally, Robert W. Baird dropped their price target on Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $367.00.

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.