Molina Healthcare, Inc (NYSE:MOH) Shares Acquired by Hohimer Wealth Management LLC

Hohimer Wealth Management LLC lifted its position in shares of Molina Healthcare, Inc (NYSE:MOH - Free Report) by 556.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,171 shares of the company's stock after buying an additional 15,402 shares during the period. Molina Healthcare makes up approximately 1.2% of Hohimer Wealth Management LLC's portfolio, making the stock its 16th largest position. Hohimer Wealth Management LLC's holdings in Molina Healthcare were worth $5,985,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in MOH. Farther Finance Advisors LLC lifted its position in Molina Healthcare by 100.3% in the first quarter. Farther Finance Advisors LLC now owns 659 shares of the company's stock valued at $216,000 after acquiring an additional 330 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in shares of Molina Healthcare during the first quarter worth about $2,759,000. Raymond James Financial Inc. acquired a new position in Molina Healthcare during the fourth quarter worth about $10,725,000. Robeco Institutional Asset Management B.V. acquired a new position in Molina Healthcare during the first quarter worth about $1,070,000. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of Molina Healthcare by 82.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 15,635 shares of the company's stock valued at $5,150,000 after purchasing an additional 7,051 shares during the last quarter. Institutional investors and hedge funds own 98.50% of the company's stock.

Molina Healthcare Stock Performance

Molina Healthcare stock opened at $221.00 on Monday. The firm's 50 day simple moving average is $293.27 and its 200-day simple moving average is $303.36. The company has a market cap of $11.98 billion, a P/E ratio of 10.67, a price-to-earnings-growth ratio of 0.93 and a beta of 0.55. 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 fifty-two week low of $219.72 and a fifty-two week high of $365.23.

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

Analysts Set New Price Targets

A number of equities analysts have weighed in on MOH shares. Baird R W downgraded shares of Molina Healthcare from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Barclays decreased their price target on shares of Molina Healthcare from $351.00 to $347.00 and set an "equal weight" rating for the company in a report on Monday, June 9th. Sanford C. Bernstein assumed coverage on shares of Molina Healthcare in a research report on Tuesday, April 22nd. They issued an "outperform" rating and a $414.00 price objective on the stock. Wall Street Zen downgraded shares of Molina Healthcare from a "buy" rating to a "hold" rating in a research report on Sunday, June 29th. Finally, 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 report on Friday, April 11th. Eleven analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $352.21.

Insider Buying and Selling

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

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.

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