Silver Oak Securities Incorporated Takes $236,000 Position in Molina Healthcare, Inc. (NYSE:MOH)

Silver Oak Securities Incorporated purchased a new stake in Molina Healthcare, Inc. (NYSE:MOH) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 653 shares of the company’s stock, valued at approximately $236,000.

Other institutional investors have also modified their holdings of the company. Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of Molina Healthcare in the 3rd quarter valued at approximately $30,000. VisionPoint Advisory Group LLC grew its stake in Molina Healthcare by 105.6% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 111 shares of the company’s stock valued at $36,000 after acquiring an additional 57 shares during the period. Raleigh Capital Management Inc. grew its stake in Molina Healthcare by 40.4% in the 3rd quarter. Raleigh Capital Management Inc. now owns 125 shares of the company’s stock valued at $41,000 after acquiring an additional 36 shares during the period. Householder Group Estate & Retirement Specialist LLC boosted its stake in Molina Healthcare by 3,933.3% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 121 shares of the company’s stock worth $43,000 after purchasing an additional 118 shares during the last quarter. Finally, Friedenthal Financial acquired a new stake in Molina Healthcare during the 4th quarter worth $43,000. 98.50% of the stock is currently owned by institutional investors.

Molina Healthcare Stock Down 0.9 %

Shares of NYSE:MOH opened at $338.87 on Thursday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.49 and a quick ratio of 1.49. The firm has a market capitalization of $19.86 billion, a PE ratio of 18.39, a price-to-earnings-growth ratio of 1.05 and a beta of 0.55. The firm’s 50-day moving average is $386.79 and its two-hundred day moving average is $372.10. Molina Healthcare, Inc. has a 1 year low of $266.35 and a 1 year high of $423.92.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $5.73 EPS for the quarter, topping analysts’ consensus estimates of $5.46 by $0.27. Molina Healthcare had a return on equity of 29.86% and a net margin of 2.99%. The business had revenue of $9.93 billion during the quarter, compared to the consensus estimate of $9.45 billion. During the same period in the previous year, the company posted $5.81 earnings per share. The business’s revenue for the quarter was up 21.9% on a year-over-year basis. Analysts predict that Molina Healthcare, Inc. will post 23.59 EPS for the current year.

Insider Activity at Molina Healthcare

In related news, Director Richard M. Schapiro sold 711 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $384.06, for a total value of $273,066.66. Following the completion of the transaction, the director now directly owns 12,207 shares of the company’s stock, valued at $4,688,220.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Richard M. Schapiro sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $401.05, for a total value of $401,050.00. Following the completion of the transaction, the director now directly owns 11,207 shares of the company’s stock, valued at $4,494,567.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard M. Schapiro sold 711 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 12,207 shares of the company’s stock, valued at $4,688,220.42. The disclosure for this sale can be found here. Insiders sold 16,711 shares of company stock valued at $6,472,517 over the last three months. 1.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

MOH has been the topic of several analyst reports. Stephens reiterated an “equal weight” rating and set a $390.00 price target on shares of Molina Healthcare in a report on Thursday, April 25th. StockNews.com lowered Molina Healthcare from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 8th. Wells Fargo & Company reduced their price target on Molina Healthcare from $410.00 to $375.00 and set an “equal weight” rating on the stock in a report on Monday. Bank of America lowered Molina Healthcare from a “neutral” rating to an “underperform” rating and set a $439.00 price target on the stock. in a report on Thursday, March 28th. Finally, Truist Financial lifted their price target on Molina Healthcare from $435.00 to $460.00 and gave the stock a “buy” rating in a report on Tuesday, February 20th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $398.55.

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.