Focus Partners Advisor Solutions LLC Buys Shares of 2,257 Molina Healthcare, Inc $MOH

Key Points

• Focus Partners Advisor Solutions LLC has acquired a new position in Molina Healthcare, Inc, buying 2,257 shares valued at approximately $743,000.
• Major institutional investors have increased their stakes in Molina Healthcare significantly, with 98.50% of the stock currently held by institutional investors and hedge funds.
• Molina Healthcare recently reported $5.48 earnings per share, missing the consensus estimate by $0.02, despite a 15.7% increase in revenue compared to the same quarter last year.

Focus Partners Advisor Solutions LLC purchased a new stake in Molina Healthcare, Inc (NYSE:MOH - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 2,257 shares of the company's stock, valued at approximately $743,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Amalgamated Bank boosted its holdings in shares of Molina Healthcare by 0.3% in the first quarter. Amalgamated Bank now owns 11,580 shares of the company's stock valued at $3,814,000 after buying an additional 33 shares during the period. Deseret Mutual Benefit Administrators boosted its holdings in Molina Healthcare by 60.7% during the first quarter. Deseret Mutual Benefit Administrators now owns 90 shares of the company's stock worth $30,000 after purchasing an additional 34 shares during the last quarter. JLB & Associates Inc. boosted its holdings in Molina Healthcare by 0.3% during the first quarter. JLB & Associates Inc. now owns 10,626 shares of the company's stock worth $3,500,000 after purchasing an additional 36 shares during the last quarter. Rothschild Investment LLC boosted its holdings in Molina Healthcare by 126.3% during the first quarter. Rothschild Investment LLC now owns 86 shares of the company's stock worth $28,000 after purchasing an additional 48 shares during the last quarter. Finally, Vestcor Inc boosted its holdings in Molina Healthcare by 2.3% during the first quarter. Vestcor Inc now owns 2,158 shares of the company's stock worth $711,000 after purchasing an additional 48 shares during the last quarter. Institutional investors and hedge funds own 98.50% of the company's stock.

Insider Transactions at Molina Healthcare

In other Molina Healthcare news, COO James Woys purchased 10,000 shares of the stock in a transaction that occurred on Monday, August 4th. The shares were acquired at an average cost of $155.94 per share, with a total value of $1,559,400.00. Following the completion of the transaction, the chief operating officer owned 74,331 shares in the company, valued at $11,591,176.14. The trade was a 15.54% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ronna Romney sold 700 shares of the firm's 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 transaction, the director directly owned 17,131 shares in the company, valued at approximately $2,633,719.94. This represents a 3.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Morgan Stanley cut shares of 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. Sanford C. Bernstein reduced their target price on shares of Molina Healthcare from $284.00 to $220.00 and set an "outperform" rating for the company in a report on Friday. Truist Financial restated a "hold" rating and set a $180.00 target price (down previously from $335.00) on shares of Molina Healthcare in a report on Friday, July 25th. Wall Street Zen cut shares of Molina Healthcare from a "buy" rating to a "hold" rating in a report on Sunday, June 29th. Finally, Barclays reduced their target price on shares of Molina Healthcare from $186.00 to $185.00 and set an "equal weight" rating for the company in a report on Thursday. Three investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, Molina Healthcare has a consensus rating of "Hold" and an average target price of $225.18.

Molina Healthcare Stock Performance

Shares of MOH traded up $3.68 during trading hours on Friday, hitting $174.51. The company had a trading volume of 1,294,913 shares, compared to its average volume of 1,434,853. The firm has a market cap of $9.46 billion, a price-to-earnings ratio of 8.60 and a beta of 0.54. The business has a fifty day moving average of $187.75 and a 200-day moving average of $269.73. Molina Healthcare, Inc has a 12 month low of $151.95 and a 12 month high of $365.23. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.77.

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

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.