Fox Run Management L.l.c. buys $857,197 stake in Molina Healthcare (MOH)

Molina Healthcare (MOH) : Fox Run Management L.l.c. scooped up 10,600 additional shares in Molina Healthcare during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 12, 2016. The investment management firm now holds a total of 14,900 shares of Molina Healthcare which is valued at $857,197.Molina Healthcare makes up approximately 0.52% of Fox Run Management L.l.c.’s portfolio.

Other Hedge Funds, Including , Weaver C. Barksdale Associates boosted its stake in MOH in the latest quarter, The investment management firm added 21 additional shares and now holds a total of 1,326 shares of Molina Healthcare which is valued at $76,285. Molina Healthcare makes up approx 0.13% of Weaver C. Barksdale Associates’s portfolio. Cutler Group Lp sold out all of its stake in MOH during the most recent quarter. The investment firm sold 622 shares of MOH which is valued $36,667. First Mercantile Trust Co added MOH to its portfolio by purchasing 6,640 company shares during the most recent quarter which is valued at $378,546. Molina Healthcare makes up approx 0.05% of First Mercantile Trust Co’s portfolio. Simplex Trading sold out all of its stake in MOH during the most recent quarter. The investment firm sold 2,368 shares of MOH which is valued $135,000.Ct Mason boosted its stake in MOH in the latest quarter, The investment management firm added 8,750 additional shares and now holds a total of 76,702 shares of Molina Healthcare which is valued at $4,380,451. Molina Healthcare makes up approx 1.94% of Ct Mason’s portfolio.

Molina Healthcare closed down -1.42 points or -2.41% at $57.53 with 8,85,207 shares getting traded on Tuesday. Post opening the session at $58.6, the shares hit an intraday low of $57.12 and an intraday high of $58.98 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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 Upgraded by Goldman to ” Neutral” on Sep 19, 2016.

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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