Molina Healthcare (MOH) Shareholder Southpoint Capital Advisors LP Has Cut Stake as Share Price Rose; As Mcdermott Intl (MDR) Shares Declined, Proxima Capital Management Has Boosted by $6.69 Million Its Position

June 13, 2018 - By Michael Collier

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Youlia Miteva increased its stake in Mcdermott Intl Inc (MDR) by 113.2% based on its latest 2018Q1 regulatory filing with the SEC. Proxima Capital Management Llc bought 1.12M shares as the company’s stock declined 5.64% with the market. The hedge fund run by Youlia Miteva held 2.10 million shares of the capital goods company at the end of 2018Q1, valued at $12.79M, up from 985,000 at the end of the previous reported quarter. Proxima Capital Management Llc who had been investing in Mcdermott Intl Inc for a number of months, seems to be bullish on the $3.73 billion market cap company. The stock increased 1.47% or $0.3 during the last trading session, reaching $20.76. About 2.49M shares traded. McDermott International, Inc. (NYSE:MDR) has risen 15.22% since June 13, 2017 and is uptrending. It has outperformed by 2.65% the S&P500. Some Historical MDR News: 23/04/2018 – MCDERMOTT, CB&I COMBINED CO. TO RETAIN NAME MCDERMOTT; 24/05/2018 – Football Rumors: Bills Notes: Jones, McDermott, Stadium; 14/03/2018 – MCDERMOTT, CB&I RECEIVE RUSSIAN ANTITRUST APPROVAL FOR MERGER; 12/04/2018 – McDermott Provides First Quarter 2018 Operational Update and Reaffirms 2018 Guidance; 25/04/2018 – McDermott International Special Meeting Scheduled to Be Held May 2; 23/04/2018 – SUBSEA 7 CEO SAYS IF MCDERMOTT’S BOARD IS NOT ABLE OR WILLING TO ENGAGE WITH SUBSEA 7, THEN MCDERMOTT’S SHAREHOLDERS WILL HAVE TO DECIDE; 24/04/2018 – ISS Reaffirms Support For McDermott’s Proposed Combination With CB&I; 28/03/2018 – XL CATLIN PROMOTES MELISSA MCDERMOTT TO HEAD OF PRICING FOR GLOBAL LINES; 24/04/2018 – McDermott Intl Says ISS Reaffirms Support for Proposed Combination With CB&I; 23/04/2018 – MCDERMOTT INTERNATIONAL- CB&I’S TECHNOLOGY BUSINESS TO USE LUMMUS BRAND AS PART OF MCDERMOTT TECHNOLOGY,CB&I’S TANKS BUSINESS TO KEEP CURRENT BRANDING

Rob Butts decreased its stake in Molina Healthcare Inc (MOH) by 11.39% based on its latest 2018Q1 regulatory filing with the SEC. Southpoint Capital Advisors Lp sold 90,000 shares as the company’s stock rose 17.88% while stock markets declined. The hedge fund run by Rob Butts held 700,000 shares of the medical specialities company at the end of 2018Q1, valued at $56.83M, down from 790,000 at the end of the previous reported quarter. Southpoint Capital Advisors Lp who had been investing in Molina Healthcare Inc for a number of months, seems to be less bullish one the $5.91 billion market cap company. The stock increased 0.74% or $0.7 during the last trading session, reaching $95.86. About 1.21M shares traded or 10.70% up from the average. Molina Healthcare, Inc. (NYSE:MOH) has risen 30.04% since June 13, 2017 and is uptrending. It has outperformed by 17.47% the S&P500. Some Historical MOH News: 29/05/2018 – Molina Healthcare Elects Richard Zoretic to Bd of Directors; 06/03/2018 – MOLINA HEALTHCARE REPORTS PRICING OF SYNTHETIC EXCHANGE TRANSAC; 30/04/2018 – MOLINA 1Q ADJ EPS $1.71, EST. 77C; 28/03/2018 – MOLINA HEALTHCARE INC MOH.N : LEERINK RAISES TARGET PRICE TO $110 FROM $100; 25/05/2018 – The Klein Law Firm Announces a Class Action Filed on Behalf of Molina Healthcare, Inc. Shareholders and a Lead Plaintiff Deadli; 24/05/2018 – THOMAS L. TRAN NAMED NEW CFO OF MOLINA HEALTHCARE; 25/05/2018 – The Klein Law Firm Announces a Class Action Filed on Behalf of Molina Healthcare, Inc. Shareholders and a Lead Plaintiff Deadline of June 29, 2018 (MOH); 30/04/2018 – Fidelity Health Care Services Cuts Cigna, Buys More Molina; 14/05/2018 – Molina Health: James Woys Joins Molina Healthcare as Executive Vice Pres of Health Plan Services; 06/03/2018 – MOLINA HEALTHCARE INC – PURSUANT TO PRICING CO AGREED TO REPURCHASE FROM NOTEHOLDERS AGGREGATE OF $96.8 MLN PRINCIPAL AMOUNT OF 1.625% NOTES

Investors sentiment decreased to 1.29 in 2018 Q1. Its down 0.19, from 1.48 in 2017Q4. It is negative, as 35 investors sold MDR shares while 72 reduced holdings. 50 funds opened positions while 88 raised stakes. 277.17 million shares or 4.49% more from 265.26 million shares in 2017Q4 were reported. Jpmorgan Chase And Com owns 2.51 million shares or 0% of their US portfolio. Rafferty Asset Management Ltd Liability Corporation stated it has 0.01% of its portfolio in McDermott International, Inc. (NYSE:MDR). Guardian LP reported 21,815 shares or 0% of all its holdings. Amer Grp Inc reported 0% of its portfolio in McDermott International, Inc. (NYSE:MDR). Aperio Group Incorporated invested in 118,498 shares. Wellington Management Group Inc Llp stated it has 0% in McDermott International, Inc. (NYSE:MDR). Hightower holds 14,757 shares or 0% of its portfolio. Gemmer Asset Management Ltd Liability has 428 shares for 0% of their portfolio. Canada Pension Plan Inv Board holds 0.01% or 1.07M shares. Van Eck Associates, a New York-based fund reported 4.80 million shares. Shelton Capital Mngmt invested 0.01% in McDermott International, Inc. (NYSE:MDR). Finance Architects Inc reported 5,752 shares. Johnson Gp, a Wisconsin-based fund reported 6,496 shares. Proshare Advisors Limited Liability reported 45,256 shares. Nokota Mgmt Lp owns 2.60 million shares for 0.22% of their portfolio.

Proxima Capital Management Llc, which manages about $1.13B and $182.57M US Long portfolio, decreased its stake in Mbia Inc (NYSE:MBI) by 35,000 shares to 665,000 shares, valued at $6.16 million in 2018Q1, according to the filing. It also reduced its holding in Nationstar Mtg Hldgs Inc (NYSE:NSM) by 318,241 shares in the quarter, leaving it with 41,896 shares, and cut its stake in Herc Hldgs Inc.

Among 12 analysts covering McDermott International (NYSE:MDR), 5 have Buy rating, 1 Sell and 6 Hold. Therefore 42% are positive. McDermott International had 34 analyst reports since August 12, 2015 according to SRatingsIntel. DA Davidson maintained McDermott International, Inc. (NYSE:MDR) on Monday, March 14 with “Neutral” rating. The company was maintained on Thursday, February 22 by Credit Suisse. The firm has “Neutral” rating by Credit Suisse given on Monday, April 4. On Thursday, September 3 the stock rating was maintained by Imperial Capital with “Outperform”. The firm has “Hold” rating given on Friday, April 28 by Scotia Capital. The stock of McDermott International, Inc. (NYSE:MDR) has “Overweight” rating given on Wednesday, January 24 by KeyBanc Capital Markets. The rating was maintained by Deutsche Bank with “Hold” on Thursday, February 22. The firm has “Neutral” rating by Credit Suisse given on Thursday, November 2. The firm earned “Overweight” rating on Tuesday, December 20 by KeyBanc Capital Markets. The rating was upgraded by Scotia Capital on Friday, May 26 to “Buy”.

Investors sentiment increased to 1.32 in 2018 Q1. Its up 0.04, from 1.28 in 2017Q4. It increased, as 33 investors sold MOH shares while 63 reduced holdings. 41 funds opened positions while 86 raised stakes. 69.03 million shares or 11.59% more from 61.86 million shares in 2017Q4 were reported. Convergence Investment Prtn Limited Liability Company invested in 0% or 384 shares. Ameritas Investment Prtn reported 0.07% of its portfolio in Molina Healthcare, Inc. (NYSE:MOH). Arizona State Retirement Sys has 0.03% invested in Molina Healthcare, Inc. (NYSE:MOH) for 31,143 shares. Moreover, Soros Fund Mgmt Ltd Liability Corporation has 0.27% invested in Molina Healthcare, Inc. (NYSE:MOH). Signaturefd Ltd Limited Liability Company accumulated 338 shares. First Mercantile has 0.05% invested in Molina Healthcare, Inc. (NYSE:MOH). 227,082 are owned by Morgan Stanley. Shelton Cap Management reported 3,108 shares or 0.02% of all its holdings. Credit Suisse Ag owns 84,402 shares. James Investment holds 23,040 shares or 0.07% of its portfolio. Wells Fargo Company Mn holds 0.01% or 570,523 shares. Great Lakes Ltd Limited Liability Company has invested 0.01% in Molina Healthcare, Inc. (NYSE:MOH). Sei Invs holds 0.05% of its portfolio in Molina Healthcare, Inc. (NYSE:MOH) for 164,898 shares. Vident Advisory Limited Liability reported 0.13% of its portfolio in Molina Healthcare, Inc. (NYSE:MOH). Loomis Sayles & Limited Partnership invested in 412 shares or 0% of the stock.

Analysts await Molina Healthcare, Inc. (NYSE:MOH) to report earnings on August, 1. They expect $1.12 EPS, up 11,300.00% or $1.13 from last year’s $-0.01 per share. MOH’s profit will be $69.09M for 21.40 P/E if the $1.12 EPS becomes a reality. After $1.71 actual EPS reported by Molina Healthcare, Inc. for the previous quarter, Wall Street now forecasts -34.50% negative EPS growth.

Since December 14, 2017, it had 0 insider buys, and 19 selling transactions for $25.13 million activity. Another trade for 45,000 shares valued at $3.39 million was made by DENTINO WILLIAM on Thursday, December 14. The insider MOLINA JOHN C sold 62,420 shares worth $4.50 million. Another trade for 200 shares valued at $16,806 was sold by ROMNEY RONNA. $256,931 worth of Molina Healthcare, Inc. (NYSE:MOH) was sold by BAYER TERRY. 4,487 shares were sold by FEDAK CHARLES Z, worth $325,532 on Thursday, February 15. Carruthers Garrey sold 2,050 shares worth $176,788.

More news for Molina Healthcare, Inc. (NYSE:MOH) were recently published by: Globenewswire.com, which released: “SHAREHOLDER ALERT: Brower Piven Encourages Investors Who Have Losses In Excess Of $100000 From …” on May 21, 2018. Businesswire.com‘s article titled: “MOH SHAREHOLDER ALERT: The Law Offices of Vincent Wong Notifies Investors of Commencement of a Class …” and published on May 24, 2018 is yet another important article.

Among 21 analysts covering Molina Healthcare (NYSE:MOH), 7 have Buy rating, 3 Sell and 11 Hold. Therefore 33% are positive. Molina Healthcare had 58 analyst reports since July 31, 2015 according to SRatingsIntel. The stock of Molina Healthcare, Inc. (NYSE:MOH) earned “Buy” rating by Goldman Sachs on Tuesday, December 13. The stock of Molina Healthcare, Inc. (NYSE:MOH) has “Hold” rating given on Friday, November 3 by Jefferies. MUFG Securities Americas Inc initiated the shares of MOH in report on Thursday, September 21 with “Hold” rating. The stock has “Underweight” rating by Morgan Stanley on Wednesday, June 7. The stock has “Buy” rating by J.P. Morgan on Tuesday, January 16. The rating was maintained by Jefferies with “Hold” on Tuesday, September 5. Leerink Swann maintained the shares of MOH in report on Monday, May 2 with “Outperform” rating. The company was maintained on Friday, December 8 by Raymond James. The stock has “Overweight” rating by JP Morgan on Thursday, February 15. The firm earned “Overweight” rating on Thursday, August 17 by Morgan Stanley.

Southpoint Capital Advisors Lp, which manages about $2.99 billion and $2.26 billion US Long portfolio, upped its stake in Pandora Media Inc (NYSE:P) by 5.50M shares to 6.50 million shares, valued at $32.70 million in 2018Q1, according to the filing. It also increased its holding in Cognizant Technology Solutio (NASDAQ:CTSH) by 680,000 shares in the quarter, for a total of 1.25M shares, and has risen its stake in Pg&E Corp (NYSE:PCG).

Molina Healthcare, Inc. (NYSE:MOH) Institutional Positions Chart

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