Trade Report: The Capital Fund Management S.A. reaches $1,471,000 position of Molina Healthcare Inc. (MOH)

The Capital Fund Management S.A. reaches $1,471,000 position  of Molina Healthcare Inc. (MOH)

Capital Fund Management S.A. boosted its position in shares of Molina Healthcare Inc. (NYSE:MOH) by 45.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,469 shares of the company’s stock after buying an additional 9,235 shares during the period. Capital Fund Management S.A.’s holdings in Molina Healthcare were worth $1,471,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MOH. BlackRock Japan Co. Ltd boosted its stake in Molina Healthcare by 9.0% in the first quarter. BlackRock Japan Co. Ltd now owns 1,848 shares of the company’s stock worth $119,000 after buying an additional 152 shares in the last quarter. Eqis Capital Management Inc. boosted its stake in Molina Healthcare by 65.9% in the second quarter. Eqis Capital Management Inc. now owns 5,802 shares of the company’s stock worth $290,000 after buying an additional 2,305 shares in the last quarter. Mount Lucas Management LP boosted its stake in Molina Healthcare by 10.3% in the first quarter. Mount Lucas Management LP now owns 4,555 shares of the company’s stock worth $294,000 after buying an additional 427 shares in the last quarter. Parametrica Management Ltd bought a new stake in Molina Healthcare during the second quarter worth about $311,000. Finally, Aperio Group LLC boosted its stake in Molina Healthcare by 13.6% in the first quarter. Aperio Group LLC now owns 7,335 shares of the company’s stock worth $473,000 after buying an additional 879 shares in the last quarter. 87.58% of the stock is owned by institutional investors.

Shares of Molina Healthcare Inc. (NYSE:MOH) traded down 0.63% during midday trading on Friday, hitting $57.01. 375,849 shares of the company traded hands. The stock has a market capitalization of $3.24 billion, a PE ratio of 24.68 and a beta of 1.54. The stock has a 50 day moving average of $56.29 and a 200-day moving average of $54.86. Molina Healthcare Inc. has a 52 week low of $44.50 and a 52 week high of $70.82.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.18. The company earned $4.36 billion during the quarter, compared to analyst estimates of $4.35 billion. Molina Healthcare had a net margin of 0.83% and a return on equity of 9.60%. The firm’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.72 earnings per share. Equities analysts forecast that Molina Healthcare Inc. will post $2.74 earnings per share for the current fiscal year.

MOH has been the subject of a number of research reports. Jefferies Group raised their target price on shares of Molina Healthcare from $63.00 to $70.00 and gave the stock a “buy” rating in a research note on Tuesday, September 13th. Goldman Sachs Group Inc. upgraded shares of Molina Healthcare from a “sell” rating to a “neutral” rating and raised their target price for the stock from $51.00 to $58.00 in a research note on Monday, September 19th. Zacks Investment Research upgraded shares of Molina Healthcare from a “hold” rating to a “buy” rating and set a $64.00 target price for the company in a research note on Tuesday, September 27th. Credit Suisse Group AG restated a “hold” rating on shares of Molina Healthcare in a research note on Tuesday, June 28th. Finally, Leerink Swann restated an “outperform” rating and set a $75.00 target price on shares of Molina Healthcare in a research note on Wednesday, June 15th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $62.80.

In related news, Director Garrey Carruthers sold 1,600 shares of the stock in a transaction dated Tuesday, September 13th. The shares were sold at an average price of $55.46, for a total transaction of $88,736.00. Following the completion of the transaction, the director now owns 9,508 shares in the company, valued at $527,313.68. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, COO Terry Bayer sold 8,250 shares of the stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $58.00, for a total transaction of $478,500.00. Following the transaction, the chief operating officer now owns 176,834 shares of the company’s stock, valued at approximately $10,256,372. The disclosure for this sale can be found here. Corporate insiders own 6.89% 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. Its Health Plans segment consists of health plans in approximately 10 states and the Commonwealth of Puerto Rico, and its direct delivery business.

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