Aberdeen Group plc Has $24.52 Million Position in Molina Healthcare, Inc $MOH

Key Points

• Aberdeen Group plc increased its stake in Molina Healthcare, Inc by 27.7%, acquiring an additional 16,292 shares, bringing its total ownership to 75,126 shares valued at approximately $24.5 million.
• Molina Healthcare's stock price recently declined to $173.77, with a one-year trading range between $151.95 and $365.23, and a market capitalization of $9.42 billion.
• The company reported $5.48 EPS for the latest quarter, which was slightly below analysts' expectations, but showed a year-over-year revenue increase of 15.7% to $11.43 billion.

Aberdeen Group plc increased its position in Molina Healthcare, Inc (NYSE:MOH - Free Report) by 27.7% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 75,126 shares of the company's stock after purchasing an additional 16,292 shares during the period. Aberdeen Group plc owned about 0.14% of Molina Healthcare worth $24,521,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Guggenheim Capital LLC grew its holdings in shares of Molina Healthcare by 23.6% during the fourth quarter. Guggenheim Capital LLC now owns 5,072 shares of the company's stock valued at $1,476,000 after buying an additional 968 shares in the last quarter. United Capital Financial Advisors LLC increased its holdings in shares of Molina Healthcare by 43.2% in the 4th quarter. United Capital Financial Advisors LLC now owns 958 shares of the company's stock valued at $279,000 after purchasing an additional 289 shares during the period. Canada Pension Plan Investment Board lifted its position in shares of Molina Healthcare by 48.7% in the fourth quarter. Canada Pension Plan Investment Board now owns 79,380 shares of the company's stock worth $23,104,000 after purchasing an additional 26,004 shares in the last quarter. Capital International Sarl boosted its holdings in shares of Molina Healthcare by 49.5% during the fourth quarter. Capital International Sarl now owns 3,725 shares of the company's stock worth $1,084,000 after purchasing an additional 1,233 shares during the period. Finally, GeoWealth Management LLC grew its position in Molina Healthcare by 21.7% during the fourth quarter. GeoWealth Management LLC now owns 370 shares of the company's stock valued at $108,000 after purchasing an additional 66 shares in the last quarter. 98.50% of the stock is owned by institutional investors and hedge funds.

Molina Healthcare Stock Performance

Shares of NYSE MOH traded up $2.3210 during trading hours on Friday, hitting $175.1510. 619,351 shares of the company's stock were exchanged, compared to its average volume of 990,491. The stock has a market capitalization of $9.49 billion, a price-to-earnings ratio of 8.63 and a beta of 0.52. The company's 50-day moving average price is $213.50 and its 200-day moving average price is $278.05. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.66 and a quick ratio of 1.66. Molina Healthcare, Inc has a 1-year low of $151.95 and a 1-year high of $365.23.

Molina Healthcare (NYSE:MOH - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The company reported $5.48 EPS for the quarter, missing the consensus estimate of $5.50 by ($0.02). Molina Healthcare had a return on equity of 27.72% and a net margin of 2.60%.The business had revenue of $11.43 billion during the quarter, compared to the consensus estimate of $10.94 billion. During the same period in the prior year, the firm earned $5.86 earnings per share. The business's quarterly revenue was up 15.7% on a year-over-year basis. On average, sell-side analysts expect that Molina Healthcare, Inc will post 24.4 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on MOH shares. Wall Street Zen cut shares of Molina Healthcare from a "buy" rating to a "hold" rating in a report on Sunday, June 29th. Wells Fargo & Company reduced their price target on Molina Healthcare from $216.00 to $198.00 and set an "overweight" rating for the company in a report on Friday, August 15th. UBS Group cut their price objective on shares of Molina Healthcare from $260.00 to $180.00 and set a "neutral" rating on the stock in a research report on Friday, July 25th. JPMorgan Chase & Co. cut their price target on shares of Molina Healthcare from $272.00 to $184.00 and set a "neutral" rating on the stock in a report on Tuesday, July 29th. Finally, Mizuho cut their target price on Molina Healthcare from $400.00 to $330.00 and set an "outperform" rating on the stock in a report on Friday, July 11th. Three analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $242.91.

Insiders Place Their Bets

In related news, Director Ronna Romney sold 700 shares of Molina Healthcare stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $153.74, for a total transaction of $107,618.00. Following the sale, the director directly owned 17,131 shares of the company's stock, valued at $2,633,719.94. This trade represents a 3.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO James Woys purchased 10,000 shares of the stock in a transaction that occurred on Monday, August 4th. The shares were purchased at an average price of $155.94 per share, for a total transaction of $1,559,400.00. Following the completion of the purchase, the chief operating officer directly owned 74,331 shares of the company's stock, valued at approximately $11,591,176.14. This trade represents a 15.54% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.10% of the stock is owned by corporate insiders.

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.