Mutual Advisors LLC Purchases 205 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Mutual Advisors LLC boosted its position in Molina Healthcare, Inc. (NYSE:MOH) by 13.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,732 shares of the company’s stock after acquiring an additional 205 shares during the quarter. Mutual Advisors LLC’s holdings in Molina Healthcare were worth $626,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Captrust Financial Advisors increased its holdings in shares of Molina Healthcare by 0.5% during the second quarter. Captrust Financial Advisors now owns 6,315 shares of the company’s stock worth $1,766,000 after buying an additional 33 shares in the last quarter. New York Life Investment Management LLC grew its position in Molina Healthcare by 0.4% in the 3rd quarter. New York Life Investment Management LLC now owns 8,495 shares of the company’s stock valued at $2,785,000 after purchasing an additional 36 shares during the period. Aptus Capital Advisors LLC increased its stake in Molina Healthcare by 5.0% during the 3rd quarter. Aptus Capital Advisors LLC now owns 763 shares of the company’s stock valued at $250,000 after purchasing an additional 36 shares in the last quarter. Raleigh Capital Management Inc. raised its holdings in Molina Healthcare by 40.4% during the third quarter. Raleigh Capital Management Inc. now owns 125 shares of the company’s stock worth $41,000 after buying an additional 36 shares during the last quarter. Finally, EFG Asset Management Americas Corp. lifted its stake in shares of Molina Healthcare by 3.0% in the second quarter. EFG Asset Management Americas Corp. now owns 1,238 shares of the company’s stock valued at $373,000 after buying an additional 36 shares in the last quarter. 98.50% of the stock is currently owned by institutional investors and hedge funds.

Molina Healthcare Stock Performance

Shares of MOH stock opened at $418.51 on Thursday. Molina Healthcare, Inc. has a 52 week low of $263.20 and a 52 week high of $423.92. The firm’s 50-day simple moving average is $388.98 and its two-hundred day simple moving average is $365.51. The firm has a market cap of $24.52 billion, a price-to-earnings ratio of 22.28, a P/E/G ratio of 1.16 and a beta of 0.47. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.54 and a current ratio of 1.54.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings results on Wednesday, February 7th. The company reported $4.38 EPS for the quarter, topping analysts’ consensus estimates of $4.31 by $0.07. The company had revenue of $9.05 billion for the quarter, compared to analysts’ expectations of $8.35 billion. Molina Healthcare had a net margin of 3.20% and a return on equity of 32.34%. Molina Healthcare’s revenue was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.10 EPS. As a group, equities analysts forecast that Molina Healthcare, Inc. will post 23.62 earnings per share for the current year.

Insider Buying and Selling at Molina Healthcare

In other news, CFO Mark Lowell Keim sold 15,000 shares of Molina Healthcare stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $386.56, for a total value of $5,798,400.00. Following the completion of the transaction, the chief financial officer now owns 36,531 shares in the company, valued at $14,121,423.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Mark Lowell Keim sold 15,000 shares of Molina Healthcare stock in a transaction on Monday, February 12th. The stock was sold at an average price of $386.56, for a total value of $5,798,400.00. Following the completion of the transaction, the chief financial officer now directly owns 36,531 shares in the company, valued at $14,121,423.36. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Richard M. Schapiro sold 711 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $384.06, for a total value of $273,066.66. Following the sale, the director now owns 12,207 shares in the company, valued at $4,688,220.42. The disclosure for this sale can be found here. Insiders have sold a total of 16,711 shares of company stock valued at $6,472,517 over the last three months. 1.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on MOH shares. UBS Group upped their target price on shares of Molina Healthcare from $350.00 to $380.00 and gave the stock a “neutral” rating in a report on Thursday, December 21st. Wells Fargo & Company raised their target price on Molina Healthcare from $420.00 to $440.00 and gave the company an “equal weight” rating in a report on Wednesday, March 20th. Cantor Fitzgerald upped their price target on Molina Healthcare from $374.00 to $406.00 and gave the stock an “overweight” rating in a report on Friday, February 9th. Truist Financial raised their price objective on Molina Healthcare from $435.00 to $460.00 and gave the company a “buy” rating in a research note on Tuesday, February 20th. Finally, Barclays assumed coverage on shares of Molina Healthcare in a research note on Wednesday, March 6th. They issued an “equal weight” rating and a $437.00 target price for the company. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $387.73.

Molina Healthcare Profile

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.