ETRADE Capital Management LLC raised its stake in shares of Molina Healthcare, Inc. (NYSE:MOH) by 11.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,207 shares of the company’s stock after purchasing an additional 741 shares during the period. ETRADE Capital Management LLC’s holdings in Molina Healthcare were worth $1,007,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Virginia Retirement Systems ET AL raised its position in Molina Healthcare by 17.0% during the 4th quarter. Virginia Retirement Systems ET AL now owns 16,500 shares of the company’s stock worth $2,239,000 after purchasing an additional 2,400 shares during the last quarter. Campbell & CO Investment Adviser LLC raised its position in Molina Healthcare by 23.7% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 4,526 shares of the company’s stock worth $614,000 after purchasing an additional 866 shares during the last quarter. Symphony Asset Management LLC bought a new position in Molina Healthcare during the 4th quarter worth $210,000. Bank of America Corp DE raised its position in Molina Healthcare by 79.9% during the 4th quarter. Bank of America Corp DE now owns 423,114 shares of the company’s stock worth $57,413,000 after purchasing an additional 187,906 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its position in Molina Healthcare by 10.6% during the 1st quarter. State of Alaska Department of Revenue now owns 11,395 shares of the company’s stock worth $1,591,000 after purchasing an additional 1,088 shares during the last quarter. 96.00% of the stock is owned by institutional investors and hedge funds.
MOH has been the subject of several analyst reports. Piper Sandler raised their target price on Molina Healthcare from $194.00 to $208.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. SunTrust Banks lifted their price objective on Molina Healthcare from $185.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Stephens raised Molina Healthcare from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $145.00 to $188.00 in a research report on Tuesday, April 14th. Citigroup raised Molina Healthcare from an “underperform” rating to an “average” rating and lifted their price objective for the stock from $125.00 to $171.00 in a research report on Wednesday, April 8th. Finally, Deutsche Bank lowered their price objective on Molina Healthcare from $206.00 to $188.00 and set a “buy” rating for the company in a research report on Monday, May 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $179.79.
Shares of Molina Healthcare stock opened at $181.72 on Friday. Molina Healthcare, Inc. has a one year low of $102.85 and a one year high of $187.83. The firm has a market capitalization of $10.76 billion, a price-to-earnings ratio of 15.94, a PEG ratio of 2.06 and a beta of 0.70. The business has a 50-day simple moving average of $165.02 and a 200 day simple moving average of $141.00. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.77 and a quick ratio of 1.77.
Molina Healthcare (NYSE:MOH) last issued its earnings results on Thursday, April 30th. The company reported $3.02 EPS for the quarter, missing analysts’ consensus estimates of $3.03 by ($0.01). Molina Healthcare had a net margin of 4.15% and a return on equity of 40.87%. The firm had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $4.49 billion. During the same period in the previous year, the firm earned $2.99 earnings per share. The business’s quarterly revenue was up 10.4% on a year-over-year basis. On average, sell-side analysts expect that Molina Healthcare, Inc. will post 12 EPS for the current year.
In other Molina Healthcare news, Director Garrey Carruthers sold 1,700 shares of Molina Healthcare stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $183.46, for a total transaction of $311,882.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven J. Orlando sold 1,718 shares of Molina Healthcare stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $179.38, for a total value of $308,174.84. The disclosure for this sale can be found here. 1.07% of the stock is currently owned by insiders.
Molina Healthcare Profile
Molina Healthcare, Inc provides Medicaid-related solutions to meet the health care needs of low-income families and individuals; and to assist state agencies in their administration of the Medicaid program in the United States. It operates through three segments: Health Plans, Molina Medicaid Solutions, and Other.
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