Falcon Point Capital buys $9,957,630 stake in Molina Healthcare (MOH)

Molina Healthcare (MOH) : Falcon Point Capital scooped up 5,468 additional shares in Molina Healthcare during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 196,830 shares of Molina Healthcare which is valued at $9,957,630.Molina Healthcare makes up approximately 1.67% of Falcon Point Capital’s portfolio.

Other Hedge Funds, Including , American Century Companies Inc reduced its stake in MOH by selling 224,262 shares or 86.03% in the most recent quarter. The Hedge Fund company now holds 36,421 shares of MOH which is valued at $1,842,538.Shell Asset Management Co reduced its stake in MOH by selling 1,565 shares or 5.4% in the most recent quarter. The Hedge Fund company now holds 27,443 shares of MOH which is valued at $1,388,341. Molina Healthcare makes up approx 0.03% of Shell Asset Management Co’s portfolio.Louisiana State Employees Retirement System reduced its stake in MOH by selling 400 shares or 3.51% in the most recent quarter. The Hedge Fund company now holds 11,000 shares of MOH which is valued at $556,490. Molina Healthcare makes up approx 0.03% of Louisiana State Employees Retirement System’s portfolio.New York State Teachers Retirement System reduced its stake in MOH by selling 3,900 shares or 6.01% in the most recent quarter. The Hedge Fund company now holds 61,027 shares of MOH which is valued at $3,236,872. Molina Healthcare makes up approx 0.01% of New York State Teachers Retirement System’s portfolio. Id Management As sold out all of its stake in MOH during the most recent quarter. The investment firm sold 1,200 shares of MOH which is valued $63,012.

Molina Healthcare closed down -0.4 points or -0.70% at $56.81 with 11,13,140 shares getting traded on Friday. Post opening the session at $56.76, the shares hit an intraday low of $56.07 and an intraday high of $57.29 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Molina Healthcare reported $0.67 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.53. The company had revenue of $4359.00 million for the quarter, compared to analysts expectations of $4356.07 million. The company’s revenue was up 23.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.72 EPS.

Many Wall Street Analysts have commented on Molina Healthcare. Molina Healthcare was Downgraded by Goldman to ” Sell” on May 4, 2016. Molina Healthcare was Downgraded by BofA/Merrill to ” Underperform” on Apr 29, 2016. Shares were Reiterated by Stifel on Apr 29, 2016 to “Buy” and Lowered the Price Target to $ 64 from a previous price target of $83 .

Molina Healthcare Inc. provides health care to those receiving Government assistance. The Company offers Medicaid-related solutions for low-income families and individuals and assists state agencies in their administration of the Medicaid program. The Company operates through two segments: Health Plans segment and Molina Medicaid Solutions segment. The Company’s Health Plans segment consists of health plans in around 11 states and includes its direct delivery business. The Company’s direct delivery business consists primarily of the management of a hospital in southern California and the operation of primary care clinics in several states in which the Company operates. The Company’s Molina Medicaid Solutions segment provides business processing and information technology development and administrative services to Medicaid agencies in Idaho Louisiana Maine New Jersey West Virginia and the United States Virgin Islands and drug rebate administration services in Florida.

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