Alternative Headline: Institutional Shifts in Molina Stock
[MM Curator Summary]: Institutional investors adjusted their positions in Molina Healthcare amid strong Q1 earnings and stable analyst outlooks.
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Retirement Systems of Alabama reduced its position in Molina Healthcare, Inc (NYSE:MOH – Free Report) by 3.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,926 shares of the company’s stock after selling 458 shares during the period. Retirement Systems of Alabama’s holdings in Molina Healthcare were worth $3,928,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of MOH. Rothschild Investment LLC increased its stake in Molina Healthcare by 126.3% in the 1st quarter. Rothschild Investment LLC now owns 86 shares of the company’s stock valued at $28,000 after purchasing an additional 48 shares in the last quarter. Colonial Trust Co SC increased its stake in Molina Healthcare by 930.0% in the 4th quarter. Colonial Trust Co SC now owns 103 shares of the company’s stock valued at $30,000 after purchasing an additional 93 shares in the last quarter. Silver Oak Securities Incorporated purchased a new position in Molina Healthcare in the 1st quarter valued at approximately $34,000. Hurley Capital LLC purchased a new position in Molina Healthcare in the 4th quarter valued at approximately $55,000. Finally, EverSource Wealth Advisors LLC increased its stake in Molina Healthcare by 81.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 196 shares of the company’s stock valued at $57,000 after purchasing an additional 88 shares in the last quarter. 98.50% of the stock is owned by hedge funds and other institutional investors.
Molina Healthcare Price Performance
MOH stock opened at $293.92 on Thursday. Molina Healthcare, Inc has a 52-week low of $262.32 and a 52-week high of $365.23. The stock’s fifty day simple moving average is $308.67 and its 200-day simple moving average is $306.74. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $15.93 billion, a price-to-earnings ratio of 14.19, a price-to-earnings-growth ratio of 0.99 and a beta of 0.56.
Molina Healthcare (NYSE:MOH – Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $6.08 earnings per share for the quarter, beating analysts’ consensus estimates of $5.96 by $0.12. Molina Healthcare had a return on equity of 28.38% and a net margin of 2.81%. The firm had revenue of $11.15 billion for the quarter, compared to analysts’ expectations of $10.86 billion. During the same quarter last year, the firm earned $5.73 earnings per share. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. Equities research analysts expect that Molina Healthcare, Inc will post 24.4 EPS for the current year.
Insider Activity at Molina Healthcare
In related news, CEO Joseph M. Zubretsky sold 87,500 shares of Molina Healthcare stock in a transaction on Wednesday, April 30th. The stock was sold at an average price of $320.06, for a total value of $28,005,250.00. Following the transaction, the chief executive officer now owns 257,715 shares in the company, valued at approximately $82,484,262.90. This trade represents a 25.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard M. Schapiro sold 669 shares of Molina Healthcare stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $320.50, for a total value of $214,414.50. Following the completion of the transaction, the director now owns 11,244 shares in the company, valued at $3,603,702. The trade was a 5.62% decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
A number of brokerages have commented on MOH. Sanford C. Bernstein began coverage on Molina Healthcare in a report on Tuesday, April 22nd. They set an “outperform” rating and a $414.00 target price on the stock. Morgan Stanley began coverage on Molina Healthcare in a report on Monday, June 9th. They set an “overweight” rating and a $364.00 target price on the stock. Barclays lowered their target price on Molina Healthcare from $351.00 to $347.00 and set an “equal weight” rating on the stock in a report on Monday, June 9th. Guggenheim began coverage on Molina Healthcare in a report on Wednesday, April 9th. They set a “neutral” rating on the stock. Finally, Robert W. Baird reiterated a “neutral” rating and set a $375.00 target price (up previously from $331.00) on shares of Molina Healthcare in a report on Tuesday, April 15th. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $364.21.
View Our Latest Stock Analysis on MOH
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.
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