Molina Healthcare, Inc. (NYSE:MOH) Shares Bought by Rhumbline Advisers

Rhumbline Advisers raised its position in Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 5.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 146,834 shares of the company's stock after acquiring an additional 8,192 shares during the period. Rhumbline Advisers owned approximately 0.27% of Molina Healthcare worth $48,366,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of MOH. Fifth Third Wealth Advisors LLC acquired a new stake in shares of Molina Healthcare during the first quarter worth $212,000. Rothschild Investment LLC increased its holdings in Molina Healthcare by 126.3% in the first quarter. Rothschild Investment LLC now owns 86 shares of the company's stock valued at $28,000 after buying an additional 48 shares in the last quarter. Parallel Advisors LLC increased its stake in shares of Molina Healthcare by 48.7% during the first quarter. Parallel Advisors LLC now owns 519 shares of the company's stock worth $171,000 after purchasing an additional 170 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Molina Healthcare by 74,593.7% during the first quarter. GAMMA Investing LLC now owns 667,015 shares of the company's stock worth $219,708,000 after purchasing an additional 666,122 shares in the last quarter. Finally, Quent Capital LLC grew its stake in Molina Healthcare by 13.9% during the 1st quarter. Quent Capital LLC now owns 565 shares of the company's stock valued at $186,000 after acquiring an additional 69 shares in the last quarter. 98.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on MOH. Wall Street Zen upgraded shares of Molina Healthcare from a "hold" rating to a "buy" rating in a report on Friday, April 11th. Sanford C. Bernstein began coverage on shares of Molina Healthcare in a report on Tuesday, April 22nd. They issued an "outperform" rating and a $414.00 price objective on the stock. Wells Fargo & Company upgraded shares of Molina Healthcare from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $295.00 to $372.00 in a report on Wednesday, March 5th. Robert W. Baird restated a "neutral" rating and issued a $375.00 price objective (up from $331.00) on shares of Molina Healthcare in a report on Tuesday, April 15th. Finally, Stephens restated an "equal weight" rating and issued a $345.00 price objective on shares of Molina Healthcare in a report on Thursday, February 6th. Nine research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $364.54.

Molina Healthcare Stock Up 0.1%

Shares of NYSE:MOH traded up $0.32 during trading hours on Thursday, reaching $292.93. The stock had a trading volume of 441,722 shares, compared to its average volume of 684,183. Molina Healthcare, Inc. has a 1 year low of $262.32 and a 1 year high of $365.23. The firm's 50 day moving average is $321.88 and its 200-day moving average is $307.09. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.62 and a current ratio of 1.62. The stock has a market capitalization of $15.88 billion, a price-to-earnings ratio of 14.34, a P/E/G ratio of 1.06 and a beta of 0.63.

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, beating analysts' consensus estimates of $5.96 by $0.12. The firm 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 2.90% and a return on equity of 28.13%. The company's revenue was up 12.2% on a year-over-year basis. During the same period last year, the firm posted $5.73 EPS. Research analysts predict that Molina Healthcare, Inc. will post 24.4 earnings per share for the current fiscal year.

Insider Activity at Molina Healthcare

In related news, Director Richard M. Schapiro sold 669 shares of the stock in a transaction 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 transaction, the director now directly owns 11,244 shares of the company's stock, valued at $3,603,702. This trade represents a 5.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Joseph M. Zubretsky sold 87,500 shares of the 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 sale, the chief executive officer now 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.

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.