Level Four Advisory Services LLC Buys 2,212 Shares of Molina Healthcare, Inc $MOH

Key Points

• Level Four Advisory Services LLC increased its holdings in Molina Healthcare, Inc by 36.6% during Q1, acquiring an additional 2,212 shares for a total of 8,261 shares valued at approximately $2.72 million.
• COO James Woys purchased 10,000 shares at an average price of $155.94 per share, marking a 15.54% increase in his ownership of the stock, while Director Ronna Romney sold 700 shares.
• Molina Healthcare's stock has seen price target reductions from several analysts, with UBS lowering its target from $260 to $180 and maintaining a "neutral" rating.

Level Four Advisory Services LLC lifted its stake in shares of Molina Healthcare, Inc (NYSE:MOH - Free Report) by 36.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,261 shares of the company's stock after acquiring an additional 2,212 shares during the quarter. Level Four Advisory Services LLC's holdings in Molina Healthcare were worth $2,721,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Teacher Retirement System of Texas bought a new stake in shares of Molina Healthcare during the 1st quarter worth $2,759,000. Farther Finance Advisors LLC boosted its stake in shares of Molina Healthcare by 100.3% during the 1st quarter. Farther Finance Advisors LLC now owns 659 shares of the company's stock worth $216,000 after acquiring an additional 330 shares in the last quarter. Robeco Institutional Asset Management B.V. bought a new stake in shares of Molina Healthcare during the 1st quarter worth $1,070,000. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Molina Healthcare by 82.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 15,635 shares of the company's stock worth $5,150,000 after acquiring an additional 7,051 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC bought a new stake in shares of Molina Healthcare during the 1st quarter worth $255,000. 98.50% of the stock is owned by institutional investors.

Insider Buying and Selling at Molina Healthcare

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

Molina Healthcare Stock Up 0.9%

Shares of NYSE:MOH traded up $1.47 during midday trading on Friday, hitting $174.30. 1,183,908 shares of the stock were exchanged, compared to its average volume of 1,885,765. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.66 and a current ratio of 1.66. Molina Healthcare, Inc has a 52-week low of $151.95 and a 52-week high of $365.23. The business's fifty day simple moving average is $211.01 and its two-hundred day simple moving average is $276.80. The company has a market capitalization of $9.45 billion, a PE ratio of 8.59 and a beta of 0.52.

Molina Healthcare (NYSE:MOH - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The company reported $5.48 earnings per share (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 firm had revenue of $11.43 billion for the quarter, compared to analysts' expectations of $10.94 billion. During the same quarter in the prior year, the business posted $5.86 earnings per share. Molina Healthcare's revenue was up 15.7% on a year-over-year basis. As a group, research analysts predict that Molina Healthcare, Inc will post 24.4 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Truist Financial reissued a "hold" rating and set a $180.00 price objective (down from $335.00) on shares of Molina Healthcare in a research note on Friday, July 25th. Mizuho decreased their target price on Molina Healthcare from $400.00 to $330.00 and set an "outperform" rating for the company in a research report on Friday, July 11th. Morgan Stanley cut Molina Healthcare from an "overweight" rating to an "equal weight" rating and decreased their target price for the stock from $364.00 to $266.00 in a research report on Thursday, July 10th. Wall Street Zen cut Molina Healthcare from a "buy" rating to a "hold" rating in a research report on Sunday, June 29th. Finally, UBS Group decreased their target price on Molina Healthcare from $260.00 to $180.00 and set a "neutral" rating for the company in a research report on Friday, July 25th. Three research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $242.91.

About Molina Healthcare

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.