As Molina Healthcare (MOH) Stock Rose, Jana Partners Increased Its Holding by $49.78 Million; Partners Group Holding Ag Lifted Canadian National Railway Co (CNI) Position by $4.77 Million as Stock Price Rose

January 14, 2018 - By Adrian Mccoy

Barry Rosenstein increased its stake in Molina Healthcare Inc (MOH) by 52.53% based on its latest 2017Q3 regulatory filing with the SEC. Jana Partners Llc bought 731,992 shares as the company’s stock rose 39.71% with the market. The hedge fund run by Barry Rosenstein held 2.13 million shares of the medical specialities company at the end of 2017Q3, valued at $146.14 million, up from 1.39 million at the end of the previous reported quarter. Jana Partners Llc who had been investing in Molina Healthcare Inc for a number of months, seems to be bullish on the $4.90 billion market cap company. The stock increased 1.67% or $1.41 during the last trading session, reaching $85.82. About 740,880 shares traded. Molina Healthcare, Inc. (NYSE:MOH) has risen 48.61% since January 14, 2017 and is uptrending. It has outperformed by 31.91% the S&P500.

Partners Group Holding Ag increased its stake in Canadian National Railway Co (CNI) by 19.26% based on its latest 2017Q3 regulatory filing with the SEC. Partners Group Holding Ag bought 58,200 shares as the company’s stock rose 4.48% with the market. The institutional investor held 360,400 shares of the railroads company at the end of 2017Q3, valued at $29.75M, up from 302,200 at the end of the previous reported quarter. Partners Group Holding Ag who had been investing in Canadian National Railway Co for a number of months, seems to be bullish on the $59.48B market cap company. The stock decreased 0.53% or $0.43 during the last trading session, reaching $80.96. About 1.38M shares traded or 36.26% up from the average. Canadian National Railway Company (NYSE:CNI) has risen 30.03% since January 14, 2017 and is uptrending. It has outperformed by 13.33% the S&P500.

Jana Partners Llc, which manages about $11.37B and $4.82 billion US Long portfolio, decreased its stake in Altaba Inc by 1.76M shares to 1.54M shares, valued at $102.24M in 2017Q3, according to the filing. It also reduced its holding in Select Med Hldgs Corp (NYSE:SEM) by 1.83 million shares in the quarter, leaving it with 937,243 shares, and cut its stake in Liberty Broadband Corp.

Investors sentiment increased to 1.08 in 2017 Q3. Its up 0.04, from 1.04 in 2017Q2. It increased, as 43 investors sold MOH shares while 61 reduced holdings. 23 funds opened positions while 89 raised stakes. 58.60 million shares or 8.44% more from 54.04 million shares in 2017Q2 were reported. California Public Employees Retirement System stated it has 79,204 shares. Cambridge Investment Advsrs stated it has 8,958 shares. 270,981 were accumulated by Bnp Paribas Arbitrage. Envestnet Asset Mgmt Inc holds 1,486 shares or 0% of its portfolio. Manufacturers Life Insurance The has 0.01% invested in Molina Healthcare, Inc. (NYSE:MOH). Renaissance Tech Lc stated it has 0.11% of its portfolio in Molina Healthcare, Inc. (NYSE:MOH). The New York-based Bluemountain Mgmt Lc has invested 0.19% in Molina Healthcare, Inc. (NYSE:MOH). Proshare Advsr Limited Liability Company, Maryland-based fund reported 6,980 shares. Advantus Cap Mngmt holds 0.01% or 5,561 shares in its portfolio. Tower Rech Capital Ltd Liability Corporation (Trc) accumulated 674 shares. 16,659 are held by Ameritas Inv Prtn. Great Lakes Advisors Ltd Liability Com reported 7,275 shares. Prudential invested 0.02% in Molina Healthcare, Inc. (NYSE:MOH). Empyrean Cap Ptnrs Lp has invested 1.66% in Molina Healthcare, Inc. (NYSE:MOH). 77,612 are held by Parallax Volatility Advisers Ltd Partnership.

Among 20 analysts covering Molina Healthcare (NYSE:MOH), 5 have Buy rating, 3 Sell and 12 Hold. Therefore 25% are positive. Molina Healthcare had 46 analyst reports since July 31, 2015 according to SRatingsIntel. The firm earned “Neutral” rating on Monday, September 19 by Goldman Sachs. The stock of Molina Healthcare, Inc. (NYSE:MOH) earned “Neutral” rating by JP Morgan on Wednesday, September 16. The firm has “Overweight” rating by Morgan Stanley given on Friday, November 3. The company was downgraded on Friday, April 29 by Bank of America. The stock of Molina Healthcare, Inc. (NYSE:MOH) has “Hold” rating given on Thursday, September 3 by Cantor Fitzgerald. The rating was downgraded by Jefferies on Thursday, December 15 to “Hold”. As per Friday, October 13, the company rating was maintained by Jefferies. UBS downgraded Molina Healthcare, Inc. (NYSE:MOH) on Friday, April 29 to “Neutral” rating. The rating was maintained by Piper Jaffray on Friday, November 3 with “Buy”. The stock of Molina Healthcare, Inc. (NYSE:MOH) earned “Neutral” rating by Credit Suisse on Wednesday, December 16.

Since August 2, 2017, it had 0 buys, and 26 insider sales for $37.62 million activity. Another trade for 2,000 shares valued at $130,150 was made by DENTINO WILLIAM on Friday, September 8. ORLANDO STEVEN J had sold 1,000 shares worth $60,000. The insider ROMNEY RONNA sold 250 shares worth $18,633. Shares for $1.00M were sold by MOLINA JOHN C. Shares for $324,293 were sold by Rubino Lisa A. 5,224 shares were sold by Barlow Jeff D., worth $352,098.

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