Blackhawk Capital Partners LLC lifted its holdings in Molina Healthcare, Inc (NYSE:MOH – Free Report) by 95.2% in the first quarter, HoldingsChannel reports. The fund owned 5,351 shares of the company’s stock after buying an additional 2,610 shares during the period. Blackhawk Capital Partners LLC’s holdings in Molina Healthcare were worth $713,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Baird Financial Group Inc. purchased a new stake in Molina Healthcare during the first quarter valued at about $210,000. NewEdge Advisors LLC boosted its holdings in Molina Healthcare by 33.4% during the 1st quarter. NewEdge Advisors LLC now owns 1,106 shares of the company’s stock valued at $364,000 after acquiring an additional 277 shares during the period. Jones Financial Companies Lllp grew its position in Molina Healthcare by 713.3% during the 1st quarter. Jones Financial Companies Lllp now owns 1,651 shares of the company’s stock worth $544,000 after acquiring an additional 1,448 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Molina Healthcare by 19.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 249,466 shares of the company’s stock worth $82,172,000 after purchasing an additional 40,531 shares during the period. Finally, Woodline Partners LP purchased a new position in Molina Healthcare in the 1st quarter worth approximately $1,541,000. Hedge funds and other institutional investors own 98.50% of the company’s stock.
Molina Healthcare Stock Down 3.4%
Shares of Molina Healthcare stock opened at $233.44 on Thursday. Molina Healthcare, Inc has a 1 year low of $121.06 and a 1 year high of $244.89. The firm has a market cap of $12.16 billion, a price-to-earnings ratio of 69.07 and a beta of 0.74. The company has a 50-day moving average of $201.97 and a 200 day moving average of $174.74. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.63 and a quick ratio of 1.63.
Insider Transactions at Molina Healthcare
In related news, CAO Maurice Hebert sold 600 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $191.55, for a total value of $114,930.00. Following the sale, the chief accounting officer owned 12,815 shares in the company, valued at approximately $2,454,713.25. This trade represents a 4.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jeff D. Barlow sold 17,811 shares of Molina Healthcare stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $186.12, for a total transaction of $3,314,983.32. Following the completion of the sale, the insider directly owned 67,175 shares of the company’s stock, valued at approximately $12,502,611. This trade represents a 20.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.44% of the company’s stock.
Analyst Ratings Changes
MOH has been the subject of a number of analyst reports. Zacks Research raised Molina Healthcare from a “strong sell” rating to a “hold” rating in a research note on Monday, April 20th. Mizuho set a $215.00 price target on shares of Molina Healthcare in a report on Monday, June 8th. Robert W. Baird increased their price target on shares of Molina Healthcare from $124.00 to $163.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. JPMorgan Chase & Co. raised their price target on shares of Molina Healthcare from $169.00 to $191.00 and gave the stock a “neutral” rating in a report on Monday, June 8th. Finally, Weiss Ratings upgraded shares of Molina Healthcare from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 25th. Three investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Molina Healthcare presently has an average rating of “Hold” and an average target price of $207.06.
Get Our Latest Stock Report on MOH
Molina Healthcare Company Profile
Molina Healthcare, Inc is a managed care company specializing in government-sponsored health insurance programs. The company offers Medicaid managed care plans, Medicare Advantage and prescription drug plans, and individual Marketplace plans under the Affordable Care Act. Through an integrated care model, Molina emphasizes preventive and primary care services, care coordination, and disease management to improve health outcomes for its members.
The company traces its roots to the early 1980s, when Dr.
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