Sequoia Financial Advisors LLC Increases Position in Molina Healthcare, Inc $MOH

Sequoia Financial Advisors LLC increased its stake in Molina Healthcare, Inc (NYSE:MOH) by 20.8% in the second quarter, HoldingsChannel.com reports. The firm owned 1,847 shares of the company’s stock after acquiring an additional 318 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Molina Healthcare were worth $550,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Amalgamated Bank increased its holdings in shares of Molina Healthcare by 0.3% in the 1st quarter. Amalgamated Bank now owns 11,580 shares of the company’s stock valued at $3,814,000 after purchasing an additional 33 shares in the last quarter. Deseret Mutual Benefit Administrators increased its holdings in shares of Molina Healthcare by 60.7% in the 1st quarter. Deseret Mutual Benefit Administrators now owns 90 shares of the company’s stock valued at $30,000 after purchasing an additional 34 shares in the last quarter. PenderFund Capital Management Ltd. increased its holdings in Molina Healthcare by 0.4% during the 1st quarter. PenderFund Capital Management Ltd. now owns 10,071 shares of the company’s stock valued at $3,317,000 after acquiring an additional 40 shares in the last quarter. Vestcor Inc increased its holdings in Molina Healthcare by 2.3% during the 1st quarter. Vestcor Inc now owns 2,158 shares of the company’s stock valued at $711,000 after acquiring an additional 48 shares in the last quarter. Finally, Elequin Capital LP increased its holdings in Molina Healthcare by 170.6% during the 1st quarter. Elequin Capital LP now owns 92 shares of the company’s stock valued at $30,000 after acquiring an additional 58 shares in the last quarter. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Insider Activity at Molina Healthcare

In related news, Director Ronna Romney sold 700 shares of the firm’s stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $153.74, for a total value of $107,618.00. Following the transaction, the director owned 17,131 shares in the company, valued at approximately $2,633,719.94. This trade represents a 3.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO James Woys purchased 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 4th. The stock was acquired at an average price of $155.94 per share, for a total transaction of $1,559,400.00. Following the acquisition, the chief operating officer directly owned 74,331 shares of the company’s stock, valued at $11,591,176.14. This trade represents a 15.54% increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.26% of the company’s stock.

Molina Healthcare Price Performance

MOH opened at $192.47 on Monday. The company’s 50 day simple moving average is $181.93 and its 200 day simple moving average is $243.40. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.66 and a current ratio of 1.66. Molina Healthcare, Inc has a 1 year low of $151.95 and a 1 year high of $359.97. The stock has a market capitalization of $10.43 billion, a PE ratio of 9.49 and a beta of 0.55.

Molina Healthcare (NYSE:MOH) last released its earnings results on Wednesday, July 23rd. The company reported $5.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.50 by ($0.02). Molina Healthcare had a return on equity of 27.72% and a net margin of 2.60%.The company had revenue of $11.43 billion during the quarter, compared to analyst estimates of $10.94 billion. During the same period in the prior year, the business posted $5.86 earnings per share. Molina Healthcare’s revenue was up 15.7% on a year-over-year basis. As a group, sell-side analysts expect that Molina Healthcare, Inc will post 24.4 EPS for the current year.

Wall Street Analysts Forecast Growth

MOH has been the subject of several recent research reports. UBS Group dropped their target price on shares of Molina Healthcare from $260.00 to $180.00 and set a “neutral” rating for the company in a report on Friday, July 25th. Morgan Stanley raised their target price on shares of Molina Healthcare from $163.00 to $204.00 and gave the company an “equal weight” rating in a report on Tuesday, October 14th. Weiss Ratings restated a “sell (d+)” rating on shares of Molina Healthcare in a report on Wednesday, October 8th. Wall Street Zen downgraded shares of Molina Healthcare from a “buy” rating to a “hold” rating in a report on Sunday, June 29th. Finally, Mizuho dropped their target price on shares of Molina Healthcare from $400.00 to $330.00 and set an “outperform” rating for the company in a report on Friday, July 11th. Three investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Molina Healthcare has an average rating of “Hold” and a consensus price target of $222.15.

About Molina Healthcare

Molina Healthcare, Inc provides managed healthcare services to low-income families and individuals under the Medicaid and Medicare programs and through the state insurance marketplaces. It operates in four segments: Medicaid, Medicare, Marketplace, and Other. The company served in across 19 states. The company was founded in 1980 and is headquartered in Long Beach, California.