Summit Street Capital Management buys $3,357,093 stake in Molina Healthcare (MOH)

Molina Healthcare (MOH) : Summit Street Capital Management scooped up 6,396 additional shares in Molina Healthcare during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 58,031 shares of Molina Healthcare which is valued at $3,357,093.Molina Healthcare makes up approximately 3.51% of Summit Street Capital Management’s portfolio.

Other Hedge Funds, Including , Envestnet Asset Management Inc boosted its stake in MOH in the latest quarter, The investment management firm added 903 additional shares and now holds a total of 5,688 shares of Molina Healthcare which is valued at $329,051. Epoch Investment Partners added MOH to its portfolio by purchasing 609,209 company shares during the most recent quarter which is valued at $35,242,741. Molina Healthcare makes up approx 0.13% of Epoch Investment Partners’s portfolio.Proshare Advisors boosted its stake in MOH in the latest quarter, The investment management firm added 516 additional shares and now holds a total of 10,188 shares of Molina Healthcare which is valued at $589,376. Molina Healthcare makes up approx 0.01% of Proshare Advisors’s portfolio. First Mercantile Trust Co sold out all of its stake in MOH during the most recent quarter. The investment firm sold 4,728 shares of MOH which is valued $273,515. Mycio Wealth Partners added MOH to its portfolio by purchasing 1,812 company shares during the most recent quarter which is valued at $104,824. Molina Healthcare makes up approx 0.02% of Mycio Wealth Partners’s portfolio.

Molina Healthcare closed down -0.27 points or -0.50% at $53.54 with 4,87,115 shares getting traded on Thursday. Post opening the session at $53.67, the shares hit an intraday low of $52.784 and an intraday high of $54.13 and the price fluctuated in this range throughout the day.Shares ended Thursday 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.

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.

Leave a Reply

Molina Healthcare - Is it time to Sell?

Top Brokerage Firms are advising their investors on Molina Healthcare. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.