Molina Healthcare, Inc $MOH Holdings Decreased by Mutual Advisors LLC

Mutual Advisors LLC trimmed its position in Molina Healthcare, Inc (NYSE:MOH) by 16.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,320 shares of the company’s stock after selling 254 shares during the quarter. Mutual Advisors LLC’s holdings in Molina Healthcare were worth $393,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Zions Bancorporation National Association UT bought a new position in Molina Healthcare during the 1st quarter worth $29,000. Deseret Mutual Benefit Administrators grew its stake in Molina Healthcare by 60.7% during the 1st quarter. Deseret Mutual Benefit Administrators now owns 90 shares of the company’s stock worth $30,000 after buying an additional 34 shares during the last quarter. Elequin Capital LP grew its stake in Molina Healthcare by 170.6% during the 1st quarter. Elequin Capital LP now owns 92 shares of the company’s stock worth $30,000 after buying an additional 58 shares during the last quarter. Silver Oak Securities Incorporated bought a new position in Molina Healthcare during the 1st quarter worth $34,000. Finally, Allworth Financial LP grew its stake in Molina Healthcare by 52.0% during the 1st quarter. Allworth Financial LP now owns 228 shares of the company’s stock worth $72,000 after buying an additional 78 shares during the last quarter. 98.50% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on MOH. UBS Group lowered their price objective on Molina Healthcare from $260.00 to $180.00 and set a “neutral” rating for the company in a research note on Friday, July 25th. TD Cowen lowered Molina Healthcare from a “buy” rating to a “hold” rating and set a $203.00 price target for the company. in a research report on Thursday, October 16th. Morgan Stanley boosted their price target on Molina Healthcare from $163.00 to $204.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 14th. Cantor Fitzgerald reiterated a “neutral” rating and set a $210.00 price target on shares of Molina Healthcare in a research report on Tuesday, August 26th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Molina Healthcare in a research report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Molina Healthcare presently has a consensus rating of “Hold” and a consensus target price of $222.15.

Insider Buying and Selling at Molina Healthcare

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

Molina Healthcare Trading Up 2.5%

Shares of Molina Healthcare stock opened at $197.52 on Tuesday. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.77. The firm has a market cap of $10.71 billion, a price-to-earnings ratio of 9.73 and a beta of 0.55. The business has a fifty day simple moving average of $182.80 and a 200-day simple moving average of $242.36. Molina Healthcare, Inc has a fifty-two week low of $151.95 and a fifty-two week high of $359.97.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings data on Wednesday, July 23rd. The company reported $5.48 earnings per share for the quarter, missing the consensus estimate of $5.50 by ($0.02). The firm had revenue of $11.43 billion during the quarter, compared to analyst estimates of $10.94 billion. Molina Healthcare had a net margin of 2.60% and a return on equity of 27.72%. The company’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same quarter last year, the company earned $5.86 EPS. On average, equities analysts forecast that Molina Healthcare, Inc will post 24.4 EPS for the current fiscal year.

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.