Summit Trail Advisors LLC Increases Stake in Molina Healthcare, Inc (NYSE:MOH)

Summit Trail Advisors LLC boosted its stake in shares of Molina Healthcare, Inc (NYSE:MOH - Free Report) by 165.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,127 shares of the company's stock after acquiring an additional 2,575 shares during the quarter. Summit Trail Advisors LLC's holdings in Molina Healthcare were worth $1,359,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Rothschild Investment LLC increased its stake in shares of Molina Healthcare by 126.3% in the 1st quarter. Rothschild Investment LLC now owns 86 shares of the company's stock valued at $28,000 after purchasing an additional 48 shares in the last quarter. Deseret Mutual Benefit Administrators grew its holdings in Molina Healthcare by 60.7% in the first quarter. Deseret Mutual Benefit Administrators now owns 90 shares of the company's stock valued at $30,000 after purchasing an additional 34 shares during the period. Colonial Trust Co SC grew its holdings in 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 purchasing an additional 93 shares during the period. Silver Oak Securities Incorporated purchased a new stake in shares of Molina Healthcare in the first quarter valued at approximately $34,000. Finally, Hurley Capital LLC acquired a new position in shares of Molina Healthcare during the 4th quarter worth approximately $55,000. 98.50% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on MOH. Robert W. Baird reaffirmed a "neutral" rating and set a $375.00 price objective (up from $331.00) on shares of Molina Healthcare in a report on Tuesday, April 15th. Baird R W lowered Molina Healthcare from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Guggenheim started coverage on shares of Molina Healthcare in a research report on Wednesday, April 9th. They set a "neutral" rating for the company. Morgan Stanley started coverage on shares of Molina Healthcare in a report on Monday, June 9th. They issued an "overweight" rating and a $364.00 target price for the company. Finally, Truist Financial raised 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. Ten research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Molina Healthcare has an average rating of "Hold" and a consensus target price of $364.21.

Molina Healthcare Stock Down 22.2%

NYSE:MOH traded down $67.86 during trading hours on Wednesday, hitting $238.43. The company's stock had a trading volume of 3,098,923 shares, compared to its average volume of 702,615. Molina Healthcare, Inc has a 52-week low of $236.69 and a 52-week high of $365.23. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $12.92 billion, a P/E ratio of 11.51, a price-to-earnings-growth ratio of 1.00 and a beta of 0.55. The stock has a fifty day moving average of $307.13 and a 200-day moving average of $306.69.

Molina Healthcare (NYSE:MOH - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $6.08 earnings per share for the quarter, topping the consensus estimate of $5.96 by $0.12. The business had revenue of $11.15 billion during the quarter, compared to the consensus estimate of $10.86 billion. Molina Healthcare had a net margin of 2.81% and a return on equity of 28.38%. The company's revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.73 EPS. On average, equities analysts forecast that Molina Healthcare, Inc will post 24.4 earnings per share for the current year.

Insider Transactions at Molina Healthcare

In related news, Director Richard M. Schapiro sold 669 shares of the company's stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $320.50, for a total value of $214,414.50. Following the completion of the sale, the director directly owned 11,244 shares of the company's stock, valued at $3,603,702. This represents a 5.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Joseph M. Zubretsky sold 87,500 shares of Molina Healthcare stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 257,715 shares in the company, valued at approximately $82,484,262.90. This trade represents a 25.35% decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by insiders.

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.