Sendero Wealth Management LLC Buys New Stake in Molina Healthcare, Inc $MOH

Sendero Wealth Management LLC purchased a new position in Molina Healthcare, Inc (NYSE:MOH - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 16,373 shares of the company's stock, valued at approximately $4,878,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Zions Bancorporation National Association UT bought a new stake in shares of Molina Healthcare in the first quarter worth about $29,000. Deseret Mutual Benefit Administrators grew its holdings in Molina Healthcare by 60.7% during the 1st quarter. Deseret Mutual Benefit Administrators now owns 90 shares of the company's stock valued at $30,000 after buying an additional 34 shares in the last quarter. Elequin Capital LP increased its stake in Molina Healthcare by 170.6% in the 1st quarter. Elequin Capital LP now owns 92 shares of the company's stock worth $30,000 after acquiring an additional 58 shares during the last quarter. Silver Oak Securities Incorporated purchased a new stake in shares of Molina Healthcare during the 1st quarter worth approximately $34,000. Finally, Allworth Financial LP raised its holdings in shares of Molina Healthcare by 52.0% during the 1st quarter. Allworth Financial LP now owns 228 shares of the company's stock worth $72,000 after acquiring an additional 78 shares in the last quarter. Institutional investors own 98.50% of the company's stock.

Analysts Set New Price Targets

MOH has been the subject of a number of recent research reports. Mizuho cut their target price on shares of Molina Healthcare from $400.00 to $330.00 and set an "outperform" rating for the company in a report on Friday, July 11th. JPMorgan Chase & Co. dropped their price objective on shares of Molina Healthcare from $272.00 to $184.00 and set a "neutral" rating for the company in a research note on Tuesday, July 29th. Robert W. Baird decreased their target price on shares of Molina Healthcare from $373.00 to $179.00 and set a "neutral" rating on the stock in a research report on Friday, July 25th. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $210.00 price target on shares of Molina Healthcare in a report on Tuesday, August 26th. Finally, Sanford C. Bernstein reduced their price objective on Molina Healthcare from $284.00 to $220.00 and set an "outperform" rating on the stock in a research note on Friday, September 5th. Three equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $225.18.

Insider Activity at Molina Healthcare

In other Molina Healthcare news, Director Ronna Romney sold 700 shares of the stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $153.74, for a total value of $107,618.00. Following the sale, the director owned 17,131 shares in the company, valued at $2,633,719.94. This trade represents a 3.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO James Woys bought 10,000 shares of the firm's stock in a transaction dated Monday, August 4th. The shares were acquired at an average price of $155.94 per share, with a total value of $1,559,400.00. Following the completion of the transaction, the chief operating officer owned 74,331 shares of the company's stock, valued at approximately $11,591,176.14. The trade was a 15.54% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.10% of the company's stock.

Molina Healthcare Price Performance

Molina Healthcare stock opened at $202.59 on Monday. The firm has a 50-day moving average price of $174.21 and a 200-day moving average price of $252.34. The firm has a market capitalization of $10.98 billion, a PE ratio of 9.98 and a beta of 0.55. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.77. Molina Healthcare, Inc has a 12-month low of $151.95 and a 12-month high of $359.97.

Molina Healthcare (NYSE:MOH - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The company reported $5.48 EPS for the quarter, missing the consensus estimate of $5.50 by ($0.02). Molina Healthcare had a net margin of 2.60% and a return on equity of 27.72%. The firm had revenue of $11.43 billion for the quarter, compared to the consensus estimate of $10.94 billion. During the same quarter in the previous year, the company posted $5.86 earnings per share. The business's revenue for the quarter was up 15.7% on a year-over-year basis. As a group, equities research analysts forecast that Molina Healthcare, Inc will post 24.4 EPS for the current year.

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.

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