SG Americas Securities LLC Acquires 1,208 Shares of Molina Healthcare, Inc. (NYSE:MOH)

SG Americas Securities LLC raised its position in Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 12.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,624 shares of the company's stock after purchasing an additional 1,208 shares during the quarter. SG Americas Securities LLC's holdings in Molina Healthcare were worth $3,499,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Rothschild Investment LLC boosted its holdings in shares of 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 acquiring an additional 48 shares in the last quarter. Colonial Trust Co SC boosted its holdings in shares of Molina Healthcare by 930.0% in the fourth quarter. Colonial Trust Co SC now owns 103 shares of the company's stock valued at $30,000 after acquiring an additional 93 shares in the last quarter. Hurley Capital LLC bought a new position in shares of Molina Healthcare in the fourth quarter valued at approximately $55,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Molina Healthcare by 81.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 196 shares of the company's stock valued at $57,000 after acquiring an additional 88 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd boosted its holdings in shares of Molina Healthcare by 895.0% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 199 shares of the company's stock valued at $58,000 after acquiring an additional 179 shares in the last quarter. 98.50% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MOH has been the subject of a number of research reports. Guggenheim initiated coverage on shares of Molina Healthcare in a report on Wednesday, April 9th. They set a "neutral" rating for the company. Mizuho raised their target price on shares of Molina Healthcare from $376.00 to $400.00 and gave the stock an "outperform" rating in a report on Wednesday, April 9th. Wall Street Zen upgraded shares of Molina Healthcare from a "hold" rating to a "buy" rating in a report on Friday, April 11th. Robert W. Baird restated a "neutral" rating and set a $375.00 target price (up from $331.00) on shares of Molina Healthcare in a report on Tuesday, April 15th. Finally, Sanford C. Bernstein initiated coverage on shares of Molina Healthcare in a report on Tuesday, April 22nd. They set an "outperform" rating and a $414.00 target price for the company. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $364.21.

Insider Activity

In other Molina Healthcare news, CEO Joseph M. Zubretsky sold 87,500 shares of the business's stock in a transaction on Wednesday, April 30th. The shares were 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard M. Schapiro sold 669 shares of the company's stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $320.50, for a total transaction 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 represents a 5.62% decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.

Molina Healthcare Stock Down 2.7%

MOH stock traded down $7.97 during midday trading on Monday, reaching $290.17. The company had a trading volume of 650,832 shares, compared to its average volume of 687,699. Molina Healthcare, Inc. has a 1 year low of $262.32 and a 1 year high of $365.23. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $15.73 billion, a P/E ratio of 14.20, a PEG ratio of 1.06 and a beta of 0.56. The company has a 50 day moving average of $315.31 and a two-hundred day moving average of $307.29.

Molina Healthcare (NYSE:MOH - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $6.08 earnings per share for the quarter, beating analysts' consensus estimates of $5.96 by $0.12. The business 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%. Molina Healthcare's revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter last year, the firm earned $5.73 EPS. On average, equities research analysts expect that Molina Healthcare, Inc. will post 24.4 earnings per share for the current fiscal year.

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.