Waverly Advisors LLC Makes New Investment in Molina Healthcare, Inc $MOH

Waverly Advisors LLC purchased a new stake in shares of Molina Healthcare, Inc (NYSE:MOH) in the first quarter, Holdings Channel.com reports. The institutional investor purchased 4,466 shares of the company’s stock, valued at approximately $595,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in MOH. AQR Capital Management LLC grew its position in shares of Molina Healthcare by 217.0% in the third quarter. AQR Capital Management LLC now owns 2,934,130 shares of the company’s stock valued at $561,475,000 after purchasing an additional 2,008,458 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its position in shares of Molina Healthcare by 10.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,171,433 shares of the company’s stock worth $376,831,000 after purchasing an additional 201,772 shares during the last quarter. Invesco Ltd. boosted its stake in Molina Healthcare by 24.2% during the 4th quarter. Invesco Ltd. now owns 1,690,981 shares of the company’s stock valued at $293,453,000 after purchasing an additional 329,679 shares during the period. Victory Capital Management Inc. boosted its stake in Molina Healthcare by 46.4% during the 4th quarter. Victory Capital Management Inc. now owns 1,410,604 shares of the company’s stock valued at $244,796,000 after purchasing an additional 447,078 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Molina Healthcare by 23.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,394,882 shares of the company’s stock valued at $185,929,000 after purchasing an additional 267,121 shares during the period. 98.50% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Molina Healthcare

In other news, CAO Maurice Hebert sold 600 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $191.55, for a total transaction of $114,930.00. Following the sale, the chief accounting officer directly owned 12,815 shares in the company, valued at approximately $2,454,713.25. The trade was a 4.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jeff D. Barlow sold 17,811 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $186.12, for a total value of $3,314,983.32. Following the sale, the insider owned 67,175 shares in the company, valued at approximately $12,502,611. This represents a 20.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.44% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have commented on MOH. Bank of America raised Molina Healthcare from an “underperform” rating to a “buy” rating and set a $250.00 price target on the stock in a research report on Wednesday, April 29th. UBS Group increased their price objective on Molina Healthcare from $180.00 to $202.00 and gave the company a “neutral” rating in a research report on Friday, May 22nd. TD Cowen raised their price objective on shares of Molina Healthcare from $163.00 to $230.00 and gave the stock a “hold” rating in a research note on Tuesday, July 14th. Mizuho set a $215.00 price objective on shares of Molina Healthcare in a research note on Monday, June 8th. Finally, Wall Street Zen raised shares of Molina Healthcare from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $202.44.

Molina Healthcare Stock Up 0.2%

MOH stock opened at $196.10 on Monday. Molina Healthcare, Inc has a twelve month low of $121.06 and a twelve month high of $244.89. The company has a market cap of $10.24 billion, a PE ratio of -1,089.40, a price-to-earnings-growth ratio of 28.02 and a beta of 0.75. The business’s 50-day simple moving average is $207.67 and its 200 day simple moving average is $177.56. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.95.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.12. The firm had revenue of $10.87 billion for the quarter, compared to analyst estimates of $10.83 billion. Molina Healthcare had a positive return on equity of 3.73% and a negative net margin of 0.02%.The company’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same period in the previous year, the company posted $5.48 earnings per share. On average, research analysts anticipate that Molina Healthcare, Inc will post 5.29 earnings per share for the current year.

About Molina Healthcare

Molina Healthcare, Inc is a managed care company specializing in government-sponsored health insurance programs. The company offers Medicaid managed care plans, Medicare Advantage and prescription drug plans, and individual Marketplace plans under the Affordable Care Act. Through an integrated care model, Molina emphasizes preventive and primary care services, care coordination, and disease management to improve health outcomes for its members.

The company traces its roots to the early 1980s, when Dr.