Cwm LLC Increases Stock Holdings in Molina Healthcare, Inc (NYSE:MOH)

CWM LLC boosted its position in Molina Healthcare, Inc (NYSE:MOH - Free Report) by 108.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,704 shares of the company's stock after acquiring an additional 9,220 shares during the period. CWM LLC's holdings in Molina Healthcare were worth $5,832,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Ballentine Partners LLC boosted its holdings in Molina Healthcare by 3.3% in the first quarter. Ballentine Partners LLC now owns 3,268 shares of the company's stock valued at $1,076,000 after acquiring an additional 105 shares during the last quarter. Cerity Partners LLC boosted its holdings in Molina Healthcare by 67.0% in the first quarter. Cerity Partners LLC now owns 19,372 shares of the company's stock valued at $6,381,000 after acquiring an additional 7,774 shares during the last quarter. Alps Advisors Inc. boosted its holdings in Molina Healthcare by 14.0% in the first quarter. Alps Advisors Inc. now owns 1,140 shares of the company's stock valued at $376,000 after acquiring an additional 140 shares during the last quarter. Allworth Financial LP boosted its holdings in Molina Healthcare by 52.0% during the first quarter. Allworth Financial LP now owns 228 shares of the company's stock worth $72,000 after buying an additional 78 shares during the last quarter. Finally, Poinciana Advisors Group LLC bought a new position in Molina Healthcare during the first quarter worth about $204,000. Institutional investors own 98.50% of the company's stock.

Molina Healthcare Price Performance

Shares of MOH stock traded down $8.55 on Friday, hitting $195.71. 593,087 shares of the company's stock were exchanged, compared to its average volume of 725,433. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.63 and a quick ratio of 1.63. Molina Healthcare, Inc has a 12 month low of $193.51 and a 12 month high of $365.23. The stock has a market cap of $10.61 billion, a P/E ratio of 9.45, a price-to-earnings-growth ratio of 0.90 and a beta of 0.55. The company has a 50 day moving average of $284.56 and a 200 day moving average of $301.05.

Molina Healthcare (NYSE:MOH - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported $6.08 EPS for the quarter, beating the consensus estimate of $5.96 by $0.12. The firm had revenue of $11.15 billion during the quarter, compared to the consensus estimate of $10.86 billion. Molina Healthcare had a return on equity of 28.38% and a net margin of 2.81%. The business's quarterly revenue was up 12.2% on a year-over-year basis. During the same period last year, the company earned $5.73 earnings per share. On average, equities research analysts predict that Molina Healthcare, Inc will post 24.4 EPS for the current year.

Analyst Upgrades and Downgrades

MOH has been the topic of a number of recent analyst reports. Guggenheim initiated coverage on Molina Healthcare in a report on Wednesday, April 9th. They set a "neutral" rating on the stock. Truist Financial reduced their target price on Molina Healthcare from $400.00 to $335.00 and set a "buy" rating on the stock in a report on Wednesday. Morgan Stanley cut Molina Healthcare from an "overweight" rating to an "equal weight" rating and reduced their target price for the stock from $364.00 to $266.00 in a report on Thursday, July 10th. Wall Street Zen cut Molina Healthcare from a "buy" rating to a "hold" rating in a report on Sunday, June 29th. Finally, Sanford C. Bernstein initiated coverage on Molina Healthcare in a report on Tuesday, April 22nd. They set an "outperform" rating and a $414.00 price objective on the stock. Eleven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $347.57.

Insider Activity at Molina Healthcare

In related news, CEO Joseph M. Zubretsky sold 87,500 shares of the firm's stock in a transaction that occurred on Wednesday, April 30th. The stock was sold at an average price of $320.06, for a total transaction of $28,005,250.00. Following the completion of the sale, the chief executive officer owned 257,715 shares of the company's stock, valued at $82,484,262.90. This trade represents a 25.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Richard M. Schapiro sold 669 shares of the firm's stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $320.50, for a total value of $214,414.50. Following the sale, the director directly owned 11,244 shares of the company's stock, valued at $3,603,702. This represents a 5.62% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.10% of the company's stock.

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.