Molina Healthcare, Inc. (NYSE:MOH) Stock Position Decreased by American Century Companies Inc.

American Century Companies Inc. trimmed its position in shares of Molina Healthcare, Inc. (NYSE:MOH) by 31.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 74,125 shares of the company’s stock after selling 33,763 shares during the quarter. American Century Companies Inc. owned approximately 0.13% of Molina Healthcare worth $22,037,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. AGF Management Ltd. lifted its stake in Molina Healthcare by 10.4% in the second quarter. AGF Management Ltd. now owns 7,235 shares of the company’s stock valued at $2,151,000 after acquiring an additional 680 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in shares of Molina Healthcare by 5.0% in the 2nd quarter. Daiwa Securities Group Inc. now owns 16,989 shares of the company’s stock valued at $5,051,000 after purchasing an additional 804 shares during the last quarter. Andra AP fonden boosted its holdings in Molina Healthcare by 15.9% in the second quarter. Andra AP fonden now owns 72,900 shares of the company’s stock worth $21,673,000 after purchasing an additional 10,000 shares in the last quarter. Royal London Asset Management Ltd. increased its position in Molina Healthcare by 11.7% during the second quarter. Royal London Asset Management Ltd. now owns 43,282 shares of the company’s stock worth $12,868,000 after buying an additional 4,527 shares during the last quarter. Finally, Choreo LLC bought a new position in Molina Healthcare during the second quarter valued at about $226,000. Institutional investors and hedge funds own 98.50% of the company’s stock.

Wall Street Analyst Weigh In

MOH has been the topic of a number of analyst reports. TD Cowen lowered their price objective on Molina Healthcare from $412.00 to $351.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Molina Healthcare from $354.00 to $353.00 and set a “hold” rating on the stock in a research report on Monday, July 29th. Wells Fargo & Company upped their price objective on shares of Molina Healthcare from $315.00 to $360.00 and gave the stock an “equal weight” rating in a report on Monday, August 5th. JPMorgan Chase & Co. dropped their target price on shares of Molina Healthcare from $420.00 to $395.00 and set an “overweight” rating on the stock in a report on Wednesday, July 10th. Finally, StockNews.com downgraded Molina Healthcare from a “buy” rating to a “hold” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $378.00.

Molina Healthcare Price Performance

Shares of NYSE:MOH opened at $349.91 on Friday. The firm has a market capitalization of $20.50 billion, a PE ratio of 18.99, a PEG ratio of 1.20 and a beta of 0.57. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.49. Molina Healthcare, Inc. has a 1-year low of $282.96 and a 1-year high of $423.92. The business’s 50 day moving average is $334.43 and its 200-day moving average is $343.69.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $5.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.73 by $0.13. The firm had revenue of $9.88 billion for the quarter, compared to analyst estimates of $9.75 billion. Molina Healthcare had a net margin of 2.84% and a return on equity of 28.09%. The business’s revenue for the quarter was up 18.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.65 EPS. Sell-side analysts predict that Molina Healthcare, Inc. will post 23.5 earnings per share for the current year.

Insider Buying and Selling

In other Molina Healthcare 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 sale, the chief accounting officer now directly owns 9,473 shares of the company’s stock, valued at $3,282,583.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Molina Healthcare news, CAO Maurice Hebert sold 393 shares of Molina Healthcare stock in a transaction 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 of the company’s stock, valued at $3,282,583.96. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Steven J. Orlando sold 1,000 shares of the company’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $339.21, for a total transaction of $339,210.00. Following the completion of the sale, the director now directly owns 18,025 shares in the company, valued at approximately $6,114,260.25. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

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.