Tidal Investments LLC Has $2.48 Million Stock Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Tidal Investments LLC raised its holdings in Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 19.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,525 shares of the company's stock after purchasing an additional 1,408 shares during the period. Tidal Investments LLC's holdings in Molina Healthcare were worth $2,481,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Colonial Trust Co SC boosted its holdings in Molina Healthcare by 930.0% in the 4th quarter. Colonial Trust Co SC now owns 103 shares of the company's stock valued at $30,000 after purchasing an additional 93 shares during the period. Wingate Wealth Advisors Inc. bought a new stake in Molina Healthcare in the 4th quarter valued at about $52,000. Hurley Capital LLC bought a new stake in Molina Healthcare in the 4th quarter valued at about $55,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Molina Healthcare by 81.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 196 shares of the company's stock worth $57,000 after acquiring an additional 88 shares during the period. Finally, Harvest Fund Management Co. Ltd lifted its holdings in shares of Molina Healthcare by 895.0% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 199 shares of the company's stock worth $58,000 after acquiring an additional 179 shares during the period. Institutional investors own 98.50% of the company's stock.

Molina Healthcare Trading Down 0.7%

NYSE MOH traded down $2.12 on Wednesday, hitting $305.66. The company's stock had a trading volume of 184,736 shares, compared to its average volume of 690,731. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.69. Molina Healthcare, Inc. has a 1-year low of $262.32 and a 1-year high of $365.23. The company's 50-day moving average is $324.10 and its 200 day moving average is $307.58. The firm has a market cap of $16.57 billion, a PE ratio of 14.96, a PEG ratio of 1.06 and a beta of 0.63.

Molina Healthcare (NYSE:MOH - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $6.08 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $11.15 billion during the quarter, compared to analysts' expectations of $10.86 billion. During the same period in the prior year, the company posted $5.73 EPS. The company's revenue was up 12.2% on a year-over-year basis. As a group, analysts predict that Molina Healthcare, Inc. will post 24.4 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on MOH shares. Stephens reaffirmed an "equal weight" rating and set a $345.00 price target on shares of Molina Healthcare in a report on Thursday, February 6th. Robert W. Baird reaffirmed a "neutral" rating and set a $375.00 price target (up previously from $331.00) on shares of Molina Healthcare in a report on Tuesday, April 15th. Barclays upped their price target on shares of Molina Healthcare from $339.00 to $362.00 and gave the stock an "equal weight" rating in a report on Friday, April 25th. Guggenheim started coverage on shares of Molina Healthcare in a report on Wednesday, April 9th. They set a "neutral" rating for the company. Finally, Baird R W downgraded shares of Molina Healthcare from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th. Nine analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $365.38.

Insider Buying and Selling at Molina Healthcare

In other news, Director Steven J. Orlando sold 1,000 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $301.33, for a total transaction of $301,330.00. Following the completion of the sale, the director now directly owns 17,375 shares in the company, valued at $5,235,608.75. This represents a 5.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Richard M. Schapiro sold 669 shares of the stock in a transaction 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 sale, the director now owns 11,244 shares of the company's stock, valued at approximately $3,603,702. This trade represents a 5.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 89,169 shares of company stock worth $28,520,995. 1.10% of the stock is currently owned by company insiders.

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.