Molina Healthcare, Inc. (NYSE:MOH) Shares Purchased by Leuthold Group LLC

Leuthold Group LLC raised its position in shares of Molina Healthcare, Inc. (NYSE:MOH) by 30.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,332 shares of the company’s stock after purchasing an additional 309 shares during the quarter. Leuthold Group LLC’s holdings in Molina Healthcare were worth $481,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Commonwealth Equity Services LLC raised its holdings in shares of Molina Healthcare by 1.1% during the 3rd quarter. Commonwealth Equity Services LLC now owns 17,879 shares of the company’s stock valued at $5,862,000 after purchasing an additional 192 shares in the last quarter. SVB Wealth LLC bought a new position in shares of Molina Healthcare in the third quarter valued at approximately $204,000. Raymond James Financial Services Advisors Inc. raised its position in Molina Healthcare by 59.4% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 1,908 shares of the company’s stock valued at $626,000 after purchasing an additional 711 shares during the last quarter. Lindbrook Capital LLC grew its stake in shares of Molina Healthcare by 47.2% during the third quarter. Lindbrook Capital LLC now owns 159 shares of the company’s stock valued at $52,000 after purchasing an additional 51 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its position in Molina Healthcare by 14.2% in the 3rd quarter. Mackenzie Financial Corp now owns 6,503 shares of the company’s stock valued at $2,095,000 after buying an additional 811 shares during the last quarter. Institutional investors own 98.50% of the company’s stock.

Molina Healthcare Price Performance

Shares of MOH traded up $3.53 during midday trading on Monday, hitting $343.21. 304,117 shares of the company traded hands, compared to its average volume of 401,537. Molina Healthcare, Inc. has a 52 week low of $266.35 and a 52 week high of $423.92. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.49 and a current ratio of 1.49. The firm has a 50 day moving average of $384.15 and a 200-day moving average of $371.92. The stock has a market cap of $20.11 billion, a price-to-earnings ratio of 18.43, a PEG ratio of 1.04 and a beta of 0.54.

Molina Healthcare (NYSE:MOH) last posted its earnings results on Wednesday, April 24th. The company reported $5.73 earnings per share for the quarter, beating analysts’ consensus estimates of $5.46 by $0.27. Molina Healthcare had a net margin of 2.99% and a return on equity of 29.86%. The firm had revenue of $9.93 billion during the quarter, compared to analyst estimates of $9.45 billion. During the same period last year, the firm posted $5.81 earnings per share. Molina Healthcare’s revenue for the quarter was up 21.9% compared to the same quarter last year. On average, analysts forecast that Molina Healthcare, Inc. will post 23.59 EPS for the current fiscal year.

Insider Transactions at Molina Healthcare

In related news, Director Richard M. Schapiro sold 711 shares of Molina Healthcare 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 sale, the director now directly owns 12,207 shares in the company, valued at approximately $4,688,220.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Richard M. Schapiro sold 1,000 shares of Molina Healthcare stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $401.05, for a total transaction of $401,050.00. Following the transaction, the director now owns 11,207 shares in the company, valued at $4,494,567.35. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Richard M. Schapiro sold 711 shares of Molina Healthcare stock in a transaction 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 transaction, the director now owns 12,207 shares in the company, valued at approximately $4,688,220.42. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,711 shares of company stock worth $6,472,517. 1.11% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

MOH has been the topic of several analyst reports. Cantor Fitzgerald reiterated an “overweight” rating and issued a $406.00 target price on shares of Molina Healthcare in a report on Thursday, April 4th. Bank of America downgraded shares of Molina Healthcare from a “neutral” rating to an “underperform” rating and set a $439.00 target price for the company. in a report on Thursday, March 28th. Wells Fargo & Company lowered their target price on Molina Healthcare from $410.00 to $375.00 and set an “equal weight” rating on the stock in a research note on Monday, April 29th. Truist Financial upped their price objective on Molina Healthcare from $435.00 to $460.00 and gave the company a “buy” rating in a report on Tuesday, February 20th. Finally, Barclays lowered their price target on shares of Molina Healthcare from $437.00 to $430.00 and set an “equal weight” rating for the company in a report on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $398.55.

Molina Healthcare Company 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.