Simon Quick Advisors LLC Purchases Shares of 1,276 Molina Healthcare, Inc. (NYSE:MOH)

Simon Quick Advisors LLC purchased a new position in Molina Healthcare, Inc. (NYSE:MOH - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,276 shares of the company's stock, valued at approximately $420,000.

Other hedge funds also recently modified their holdings of the company. Rothschild Investment LLC raised its holdings in shares of Molina Healthcare by 126.3% in the 1st quarter. Rothschild Investment LLC now owns 86 shares of the company's stock worth $28,000 after purchasing an additional 48 shares during the period. Colonial Trust Co SC raised its holdings 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 worth $30,000 after purchasing an additional 93 shares during the period. Hurley Capital LLC bought a new stake in Molina Healthcare during the 4th quarter valued at $55,000. EverSource Wealth Advisors LLC raised its holdings in Molina Healthcare by 81.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 196 shares of the company's stock valued at $57,000 after acquiring an additional 88 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in Molina Healthcare by 337.0% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 201 shares of the company's stock valued at $58,000 after acquiring an additional 155 shares during the period. Institutional investors own 98.50% of the company's stock.

Molina Healthcare Price Performance

Shares of MOH traded up $4.91 during mid-day trading on Friday, reaching $298.39. 630,608 shares of the stock traded hands, compared to its average volume of 686,529. Molina Healthcare, Inc. has a 1 year low of $262.32 and a 1 year high of $365.23. The firm has a fifty day moving average price of $316.10 and a 200 day moving average price of $307.20. The company has a market cap of $16.17 billion, a price-to-earnings ratio of 14.61, a price-to-earnings-growth ratio of 1.06 and a beta of 0.57. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.69.

Molina Healthcare (NYSE:MOH - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported $6.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.96 by $0.12. Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. The company had revenue of $11.15 billion during the quarter, compared to analyst estimates of $10.86 billion. During the same period in the previous year, the business earned $5.73 earnings per share. The firm's quarterly revenue was up 12.2% compared to the same quarter last year. As a group, equities research analysts predict that Molina Healthcare, Inc. will post 24.4 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Richard M. Schapiro sold 669 shares of the company's 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 completion of the transaction, the director now directly owns 11,244 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Joseph M. Zubretsky sold 87,500 shares of the company's stock in a transaction dated 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 sale, the chief executive officer now owns 257,715 shares of the company's stock, valued at approximately $82,484,262.90. The trade was a 25.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is owned by company insiders.

Analysts Set New Price Targets

MOH has been the topic of a number of analyst reports. Baird R W cut shares of Molina Healthcare from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th. Morgan Stanley initiated coverage on shares of Molina Healthcare in a report on Monday, June 9th. They set an "overweight" rating and a $364.00 target price on the stock. Robert W. Baird reissued a "neutral" rating and set a $375.00 target price (up previously from $331.00) on shares of Molina Healthcare in a report on Tuesday, April 15th. Wall Street Zen raised shares of Molina Healthcare from a "hold" rating to a "buy" rating in a report on Friday, April 11th. 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 on the stock. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Molina Healthcare currently has a consensus rating of "Hold" and a consensus target price of $364.21.

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.