Sovereign s Capital Management LLC Buys New Shares in Molina Healthcare, Inc. (NYSE:MOH)

Sovereign s Capital Management LLC bought a new position in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 13,047 shares of the company's stock, valued at approximately $3,797,000. Molina Healthcare comprises 2.4% of Sovereign s Capital Management LLC's investment portfolio, making the stock its 14th biggest holding.

Several other institutional investors have also recently added to or reduced their stakes in MOH. Colonial Trust Co SC lifted its stake in Molina Healthcare by 930.0% during the fourth 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 last quarter. Wingate Wealth Advisors Inc. purchased a new stake in Molina Healthcare during the fourth quarter worth approximately $52,000. Hurley Capital LLC purchased a new stake in Molina Healthcare during the fourth quarter worth approximately $55,000. EverSource Wealth Advisors LLC lifted its stake in Molina Healthcare by 81.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 196 shares of the company's stock worth $57,000 after purchasing an additional 88 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its stake in Molina Healthcare by 337.0% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 201 shares of the company's stock worth $58,000 after purchasing an additional 155 shares during the last quarter. Hedge funds and other institutional investors own 98.50% of the company's stock.

Molina Healthcare Price Performance

Shares of Molina Healthcare stock traded down $9.47 during trading on Thursday, reaching $310.15. The company's stock had a trading volume of 906,137 shares, compared to its average volume of 691,346. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.69. Molina Healthcare, Inc. has a 12-month low of $262.32 and a 12-month high of $365.23. The company has a market capitalization of $16.81 billion, a P/E ratio of 15.18, a price-to-earnings-growth ratio of 1.06 and a beta of 0.63. The business has a 50 day moving average price of $324.69 and a 200-day moving average price of $308.29.

Molina Healthcare (NYSE:MOH - Get Free Report) last posted 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 firm had revenue of $11.15 billion for the quarter, compared to the consensus estimate of $10.86 billion. Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. The company's revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the previous year, the business earned $5.73 earnings per share. As a group, sell-side analysts anticipate that Molina Healthcare, Inc. will post 24.4 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Joseph M. Zubretsky sold 87,500 shares of the company's 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 sale, the chief executive officer now directly owns 257,715 shares in the company, valued at $82,484,262.90. This represents a 25.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 sale, the director now owns 11,244 shares in the company, valued at $3,603,702. This represents a 5.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 89,169 shares of company stock worth $28,520,995. 1.26% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently weighed in on MOH. Sanford C. Bernstein started coverage on Molina Healthcare in a research note on Tuesday, April 22nd. They set an "outperform" rating and a $414.00 target price for the company. Truist Financial lifted their price target on Molina Healthcare from $340.00 to $400.00 and gave the stock a "buy" rating in a research report on Friday, April 11th. Mizuho lifted their price target on Molina Healthcare from $376.00 to $400.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 9th. Stephens reaffirmed an "equal weight" rating and set a $345.00 price target on shares of Molina Healthcare in a research report on Thursday, February 6th. Finally, Barclays lifted their price target on Molina Healthcare from $339.00 to $362.00 and gave the stock an "equal weight" rating in a research report on Friday, April 25th. Nine analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $365.38.

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.