Kera Capital Partners Inc. Takes Position in Molina Healthcare, Inc. (NYSE:MOH)

Kera Capital Partners Inc. purchased a new stake in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 948 shares of the company's stock, valued at approximately $312,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Smartleaf Asset Management LLC grew its holdings in shares of Molina Healthcare by 123.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 347 shares of the company's stock valued at $100,000 after buying an additional 192 shares during the last quarter. SYM FINANCIAL Corp bought a new position in shares of Molina Healthcare in the fourth quarter worth about $249,000. Summit Trail Advisors LLC bought a new stake in Molina Healthcare during the 4th quarter valued at approximately $452,000. Entropy Technologies LP lifted its holdings in Molina Healthcare by 58.1% in the 4th quarter. Entropy Technologies LP now owns 4,594 shares of the company's stock worth $1,337,000 after purchasing an additional 1,688 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in Molina Healthcare in the 4th quarter worth approximately $10,725,000. Institutional investors own 98.50% of the company's stock.

Insider Transactions at Molina Healthcare

In other Molina Healthcare news, Director Richard M. Schapiro sold 669 shares of the business'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 transaction of $214,414.50. Following the completion of the transaction, the director now owns 11,244 shares in the company, valued at $3,603,702. The trade was a 5.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Joseph M. Zubretsky sold 87,500 shares of the company's stock in a transaction that occurred on Wednesday, April 30th. The shares were sold at an average price of $320.06, for a total value of $28,005,250.00. Following the transaction, the chief executive officer now directly owns 257,715 shares in the company, valued at approximately $82,484,262.90. This represents a 25.35% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 89,169 shares of company stock worth $28,520,995. 1.10% of the stock is currently owned by insiders.

Molina Healthcare Trading Up 0.5%

Shares of NYSE MOH traded up $1.55 during trading hours on Friday, hitting $305.42. 1,008,212 shares of the company traded hands, compared to its average volume of 686,529. The company's 50 day moving average price is $323.63 and its 200 day moving average price is $307.27. Molina Healthcare, Inc. has a 12 month low of $262.32 and a 12 month high of $365.23. The stock has a market capitalization of $16.55 billion, a price-to-earnings ratio of 14.95, a price-to-earnings-growth ratio of 1.06 and a beta of 0.63. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.69.

Molina Healthcare (NYSE:MOH - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $6.08 EPS for the quarter, topping the consensus estimate of $5.96 by $0.12. Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. The company had revenue of $11.15 billion during the quarter, compared to analyst estimates of $10.86 billion. During the same period in the previous year, the firm earned $5.73 earnings per share. Molina Healthcare's quarterly revenue was up 12.2% compared to the same quarter last year. On average, equities research analysts anticipate that Molina Healthcare, Inc. will post 24.4 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MOH has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of Molina Healthcare from a "hold" rating to a "buy" rating in a research report on Friday, April 11th. Sanford C. Bernstein started coverage on shares of Molina Healthcare in a report on Tuesday, April 22nd. They issued an "outperform" rating and a $414.00 price target on the stock. Truist Financial boosted their price target on shares of Molina Healthcare from $340.00 to $400.00 and gave the stock a "buy" rating in a research note on Friday, April 11th. Wells Fargo & Company upgraded Molina Healthcare from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $295.00 to $372.00 in a research report on Wednesday, March 5th. Finally, Guggenheim started coverage on Molina Healthcare in a research report on Wednesday, April 9th. They issued a "neutral" rating on the stock. Nine equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $365.38.

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.