United Services Automobile Association Makes New $486,000 Investment 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 bought a new stake in Molina Healthcare, Inc (NYSE:MOH - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,506 shares of the company's stock, valued at approximately $486,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Amalgamated Bank boosted its holdings in Molina Healthcare by 0.3% in the first quarter. Amalgamated Bank now owns 11,580 shares of the company's stock valued at $3,814,000 after acquiring an additional 33 shares during the last quarter. Deseret Mutual Benefit Administrators boosted 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 acquiring an additional 34 shares during the last quarter. JLB & Associates Inc. boosted its holdings in Molina Healthcare by 0.3% in the first quarter. JLB & Associates Inc. now owns 10,626 shares of the company's stock valued at $3,500,000 after acquiring an additional 36 shares during the last quarter. PenderFund Capital Management Ltd. boosted its holdings in Molina Healthcare by 0.4% in the first quarter. PenderFund Capital Management Ltd. now owns 10,071 shares of the company's stock valued at $3,317,000 after acquiring an additional 40 shares during the last quarter. Finally, Rothschild Investment LLC boosted its holdings in 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 during the last quarter. 98.50% of the stock is currently owned by institutional investors.

Molina Healthcare Trading Up 0.2%

Shares of MOH stock traded up $0.38 during trading hours on Tuesday, reaching $176.49. The company's stock had a trading volume of 250,913 shares, compared to its average volume of 1,024,637. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.77. Molina Healthcare, Inc has a one year low of $151.95 and a one year high of $361.80. The stock has a market capitalization of $9.57 billion, a P/E ratio of 8.69 and a beta of 0.54. The firm's fifty day simple moving average is $178.30 and its 200 day simple moving average is $264.99.

Molina Healthcare (NYSE:MOH - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The company reported $5.48 earnings per share for the quarter, missing the consensus estimate of $5.50 by ($0.02). Molina Healthcare had a net margin of 2.60% and a return on equity of 27.72%. The firm 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 firm earned $5.86 earnings per share. The company's revenue for the quarter was up 15.7% compared to the same quarter last year. Equities research analysts expect that Molina Healthcare, Inc will post 24.4 EPS for the current year.

Analyst Upgrades and Downgrades

MOH has been the topic of several analyst reports. Cantor Fitzgerald reiterated a "neutral" rating and issued a $210.00 target price on shares of Molina Healthcare in a report on Tuesday, August 26th. UBS Group lowered their price target on Molina Healthcare from $260.00 to $180.00 and set a "neutral" rating for the company in a research report on Friday, July 25th. Morgan Stanley downgraded Molina Healthcare from an "overweight" rating to an "equal weight" rating and reduced their price objective for the company from $364.00 to $266.00 in a research note on Thursday, July 10th. Robert W. Baird cut their price target on Molina Healthcare from $373.00 to $179.00 and set a "neutral" rating for the company in a research note on Friday, July 25th. Finally, JPMorgan Chase & Co. cut their target price on Molina Healthcare from $272.00 to $184.00 and set a "neutral" rating for the company in a research note on Tuesday, July 29th. Three investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Molina Healthcare has an average rating of "Hold" and a consensus target price of $225.18.

Insider Buying and Selling at Molina Healthcare

In other news, COO James Woys acquired 10,000 shares of Molina Healthcare stock in a transaction that occurred on Monday, August 4th. The stock was bought at an average price of $155.94 per share, for a total transaction of $1,559,400.00. Following the completion of the transaction, the chief operating officer owned 74,331 shares in the company, valued at $11,591,176.14. The trade was a 15.54% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ronna Romney sold 700 shares of the company's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $153.74, for a total value of $107,618.00. Following the sale, the director owned 17,131 shares of the company's stock, valued at approximately $2,633,719.94. This trade represents a 3.93% decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is 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.