NBC Securities Inc. Grows Holdings in Molina Healthcare, Inc. (NYSE:MOH)

NBC Securities Inc. lifted its holdings in Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 122,700.0% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,456 shares of the company's stock after buying an additional 2,454 shares during the period. NBC Securities Inc.'s holdings in Molina Healthcare were worth $808,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Czech National Bank increased its holdings in shares of Molina Healthcare by 2.8% in the first quarter. Czech National Bank now owns 12,747 shares of the company's stock worth $4,199,000 after purchasing an additional 344 shares during the period. Rhumbline Advisers boosted its position in Molina Healthcare by 5.9% during the first quarter. Rhumbline Advisers now owns 146,834 shares of the company's stock valued at $48,366,000 after buying an additional 8,192 shares during the period. Fifth Third Wealth Advisors LLC bought a new stake in shares of Molina Healthcare in the first quarter worth about $212,000. Rothschild Investment LLC grew its stake in shares of Molina Healthcare by 126.3% in 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, Parallel Advisors LLC boosted its position in Molina Healthcare by 48.7% during the 1st quarter. Parallel Advisors LLC now owns 519 shares of the company's stock valued at $171,000 after acquiring an additional 170 shares in the last quarter. Institutional investors own 98.50% of the company's stock.

Molina Healthcare Price Performance

Shares of NYSE MOH traded up $0.32 during mid-day trading on Thursday, hitting $292.93. 441,722 shares of the company's stock traded hands, compared to its average volume of 684,183. The company's 50-day moving average is $321.88 and its two-hundred day moving average is $307.09. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.62 and a quick ratio of 1.62. The company has a market capitalization of $15.88 billion, a P/E ratio of 14.34, a PEG ratio of 1.06 and a beta of 0.63. Molina Healthcare, Inc. has a 1 year low of $262.32 and a 1 year high of $365.23.

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

Insider Activity

In other Molina Healthcare news, Director Richard M. Schapiro sold 669 shares of the firm'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 value of $214,414.50. Following the completion of the sale, the director now directly owns 11,244 shares in the company, valued at $3,603,702. This trade represents a 5.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Joseph M. Zubretsky sold 87,500 shares of the firm's stock in a transaction on Wednesday, April 30th. The stock was sold at an average price of $320.06, for a total transaction of $28,005,250.00. Following the completion of the transaction, the chief executive officer now directly owns 257,715 shares of the company's stock, 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. Insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

MOH has been the subject of several recent research reports. Barclays lowered their target price on shares of Molina Healthcare from $362.00 to $351.00 and set an "equal weight" rating for the company in a report on Monday. Truist Financial lifted their target price 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. Sanford C. Bernstein began coverage on shares of Molina Healthcare in a research report on Tuesday, April 22nd. They issued an "outperform" rating and a $414.00 target price for the company. Wall Street Zen raised shares of Molina Healthcare from a "hold" rating to a "buy" rating in a research report on Friday, April 11th. Finally, Guggenheim started coverage on shares of Molina Healthcare in a report on Wednesday, April 9th. They issued a "neutral" rating for the company. Nine research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $364.54.

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.