Molina Healthcare, Inc. (NYSE:MOH) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. cut its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH) by 51.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 70,973 shares of the company’s stock after selling 75,255 shares during the quarter. Russell Investments Group Ltd. owned about 0.12% of Molina Healthcare worth $21,317,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Coppell Advisory Solutions Corp. acquired a new position in Molina Healthcare during the fourth quarter worth about $34,000. Brown Brothers Harriman & Co. acquired a new position in Molina Healthcare in the 1st quarter valued at about $40,000. EverSource Wealth Advisors LLC boosted its holdings in Molina Healthcare by 2,950.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 122 shares of the company’s stock valued at $33,000 after purchasing an additional 118 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in Molina Healthcare by 85.9% in the 1st quarter. Parkside Financial Bank & Trust now owns 132 shares of the company’s stock valued at $44,000 after purchasing an additional 61 shares during the last quarter. Finally, Cullen Frost Bankers Inc. acquired a new position in Molina Healthcare in the 2nd quarter valued at about $51,000. 98.11% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on MOH shares. StockNews.com upgraded shares of Molina Healthcare from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 12th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $359.00 target price on shares of Molina Healthcare in a report on Thursday, September 14th. Bank of America boosted their target price on shares of Molina Healthcare from $340.00 to $350.00 in a report on Thursday, July 27th. Stephens reiterated an “equal weight” rating and issued a $350.00 target price on shares of Molina Healthcare in a report on Tuesday, October 3rd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Molina Healthcare from $367.00 to $392.00 and gave the company an “overweight” rating in a report on Friday. One analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $348.45.

Molina Healthcare Stock Performance

Shares of MOH stock opened at $356.28 on Tuesday. The firm’s 50 day moving average price is $340.05 and its 200-day moving average price is $313.54. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.47 and a current ratio of 1.47. Molina Healthcare, Inc. has a one year low of $256.19 and a one year high of $369.50. The firm has a market cap of $20.77 billion, a P/E ratio of 22.21, a P/E/G ratio of 1.21 and a beta of 0.57.

Molina Healthcare (NYSE:MOH) last announced its earnings results on Wednesday, October 25th. The company reported $5.05 earnings per share for the quarter, topping the consensus estimate of $4.87 by $0.18. Molina Healthcare had a net margin of 2.80% and a return on equity of 34.85%. The firm had revenue of $8.55 billion for the quarter, compared to the consensus estimate of $8.24 billion. During the same period in the prior year, the firm earned $4.36 EPS. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. As a group, equities research analysts predict that Molina Healthcare, Inc. will post 20.83 EPS for the current year.

Insider Buying and Selling

In related news, CAO Maurice Hebert sold 692 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $328.15, for a total transaction of $227,079.80. Following the sale, the chief accounting officer now directly owns 8,528 shares of the company’s stock, valued at approximately $2,798,463.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, CAO Maurice Hebert sold 692 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $328.15, for a total transaction of $227,079.80. Following the sale, the chief accounting officer now directly owns 8,528 shares of the company’s stock, valued at approximately $2,798,463.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Steven J. Orlando sold 1,134 shares of the stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $325.96, for a total transaction of $369,638.64. Following the completion of the sale, the director now directly owns 19,299 shares in the company, valued at $6,290,702.04. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.

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.