QRG Capital Management Inc. Grows Position in Molina Healthcare, Inc (NYSE:MOH)

QRG Capital Management Inc. increased its position in Molina Healthcare, Inc (NYSE:MOH - Free Report) by 214.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,188 shares of the company's stock after purchasing an additional 2,173 shares during the quarter. QRG Capital Management Inc.'s holdings in Molina Healthcare were worth $1,050,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in MOH. Rothschild Investment LLC lifted its stake in shares of Molina Healthcare by 126.3% in the 1st quarter. Rothschild Investment LLC now owns 86 shares of the company's stock valued at $28,000 after purchasing an additional 48 shares during the period. Colonial Trust Co SC lifted its stake in shares of 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. Hurley Capital LLC purchased a new position in shares of Molina Healthcare in the 4th quarter valued at approximately $55,000. EverSource Wealth Advisors LLC lifted its stake in shares of Molina Healthcare by 81.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 196 shares of the company's stock valued at $57,000 after purchasing an additional 88 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Molina Healthcare by 337.0% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 201 shares of the company's stock valued at $58,000 after purchasing an additional 155 shares during the period. Hedge funds and other institutional investors own 98.50% of the company's stock.

Analyst Ratings Changes

MOH has been the subject of a number of research analyst reports. Sanford C. Bernstein started coverage on Molina Healthcare in a research note on Tuesday, April 22nd. They issued an "outperform" rating and a $414.00 target price for the company. Morgan Stanley started coverage on Molina Healthcare in a research note on Monday, June 9th. They set an "overweight" rating and a $364.00 price objective for the company. Mizuho lifted their price objective on Molina Healthcare from $376.00 to $400.00 and gave the company an "outperform" rating in a research note on Wednesday, April 9th. Baird R W cut Molina Healthcare from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Finally, Wall Street Zen upgraded Molina Healthcare from a "hold" rating to a "buy" rating in a research note on Saturday. Nine equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $364.21.

Molina Healthcare Stock Down 0.7%

Shares of Molina Healthcare stock traded down $2.15 on Friday, reaching $293.19. The company's stock had a trading volume of 921,321 shares, compared to its average volume of 690,569. The company has a market capitalization of $15.89 billion, a price-to-earnings ratio of 14.16, a P/E/G ratio of 0.99 and a beta of 0.56. The firm's fifty day simple moving average is $311.43 and its two-hundred day simple moving average is $306.90. Molina Healthcare, Inc has a 52 week low of $262.32 and a 52 week high of $365.23. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.87.

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

Insiders Place Their Bets

In related news, Director Richard M. Schapiro sold 669 shares of Molina Healthcare stock in a transaction on Tuesday, April 29th. The stock was 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 owns 11,244 shares of the company's stock, valued at $3,603,702. The trade was a 5.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Joseph M. Zubretsky sold 87,500 shares of Molina Healthcare stock in a transaction on Wednesday, April 30th. The stock was sold at an average price of $320.06, for a total value of $28,005,250.00. Following the completion of the sale, the chief executive officer now directly owns 257,715 shares of the company's stock, valued at $82,484,262.90. The trade was a 25.35% decrease in their position. The disclosure for this sale can be found here. Corporate 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.