United Services Automobile Association Invests $486,000 in Molina Healthcare, Inc $MOH

Key Points

• United Services Automobile Association invested approximately $486,000 in Molina Healthcare by acquiring 1,506 shares in the first quarter of the year.
• Molina Healthcare's stock has seen a significant drop in target prices, with various analysts updating their ratings, with the consensus target price now at $225.18.
• The company's recent earnings report indicated a loss of $0.02 per share compared to analyst expectations, despite a 15.7% year-over-year increase in revenue.

United Services Automobile Association acquired a new position in shares of Molina Healthcare, Inc (NYSE:MOH - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,506 shares of the company's stock, valued at approximately $486,000.

A number of other hedge funds also recently bought and sold shares of MOH. Rothschild Investment LLC increased its position in shares of Molina Healthcare by 126.3% in the first quarter. Rothschild Investment LLC now owns 86 shares of the company's stock worth $28,000 after acquiring an additional 48 shares in the last quarter. Zions Bancorporation National Association UT acquired a new position in Molina Healthcare in the 1st quarter worth approximately $29,000. Deseret Mutual Benefit Administrators grew its position in Molina Healthcare by 60.7% during the 1st quarter. Deseret Mutual Benefit Administrators now owns 90 shares of the company's stock worth $30,000 after purchasing an additional 34 shares in the last quarter. Elequin Capital LP raised its stake in Molina Healthcare by 170.6% during the 1st quarter. Elequin Capital LP now owns 92 shares of the company's stock valued at $30,000 after purchasing an additional 58 shares during the period. Finally, Silver Oak Securities Incorporated purchased a new stake in shares of Molina Healthcare in the first quarter valued at $34,000. 98.50% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Ronna Romney sold 700 shares of the stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $153.74, for a total transaction of $107,618.00. Following the sale, the director directly owned 17,131 shares in the company, valued at $2,633,719.94. This represents a 3.93% 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, COO James Woys acquired 10,000 shares of Molina Healthcare stock in a transaction on Monday, August 4th. The stock was acquired at an average cost of $155.94 per share, for a total transaction of $1,559,400.00. Following the purchase, the chief operating officer owned 74,331 shares of the company's stock, valued at approximately $11,591,176.14. This represents a 15.54% increase in their position. The disclosure for this purchase can be found here. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

MOH has been the topic of several recent analyst reports. JPMorgan Chase & Co. dropped their price target on Molina Healthcare from $272.00 to $184.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 29th. Robert W. Baird dropped their target price on Molina Healthcare from $373.00 to $179.00 and set a "neutral" rating on the stock in a report on Friday, July 25th. Barclays reduced their price target on shares of Molina Healthcare from $186.00 to $185.00 and set an "equal weight" rating for the company in a research report on Thursday, September 4th. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $210.00 price objective on shares of Molina Healthcare in a research report on Tuesday, August 26th. Finally, Morgan Stanley downgraded shares of Molina Healthcare from an "overweight" rating to an "equal weight" rating and cut their target price for the stock from $364.00 to $266.00 in a research report on Thursday, July 10th. Three analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, Molina Healthcare presently has an average rating of "Hold" and an average price target of $225.18.

Molina Healthcare Stock Performance

MOH traded down $7.85 during trading on Friday, reaching $180.59. 1,011,293 shares of the company's stock were exchanged, compared to its average volume of 1,448,624. The company has a market capitalization of $9.79 billion, a P/E ratio of 8.90 and a beta of 0.54. The business has a 50 day moving average price of $179.44 and a 200 day moving average price of $266.06. Molina Healthcare, Inc has a fifty-two week low of $151.95 and a fifty-two week high of $365.23. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.77.

Molina Healthcare (NYSE:MOH - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The company reported $5.48 EPS for the quarter, missing analysts' consensus estimates of $5.50 by ($0.02). Molina Healthcare had a return on equity of 27.72% and a net margin of 2.60%.The business had revenue of $11.43 billion for the quarter, compared to the consensus estimate of $10.94 billion. During the same quarter in the prior year, the business earned $5.86 EPS. The firm's revenue for the quarter was up 15.7% on a year-over-year basis. As a group, analysts predict 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.