Universal Beteiligungs und Servicegesellschaft mbH Buys 16,256 Shares of Molina Healthcare, Inc (NYSE:MOH)

Universal Beteiligungs und Servicegesellschaft mbH grew its position in Molina Healthcare, Inc (NYSE:MOH - Free Report) by 29.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,552 shares of the company's stock after acquiring an additional 16,256 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.13% of Molina Healthcare worth $23,569,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Rothschild Investment LLC grew its position 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 acquiring an additional 48 shares during the period. Colonial Trust Co SC grew its position 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 valued at $30,000 after acquiring an additional 93 shares during the period. Deseret Mutual Benefit Administrators grew its position in shares of Molina Healthcare by 60.7% in the 1st 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 period. Silver Oak Securities Incorporated bought a new position in shares of Molina Healthcare in the 1st quarter valued at about $34,000. Finally, Hurley Capital LLC bought a new position in shares of Molina Healthcare in the 4th quarter valued at about $55,000. Institutional investors own 98.50% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Baird R W downgraded shares of Molina Healthcare from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Sanford C. Bernstein began coverage on shares of Molina Healthcare in a research note on Tuesday, April 22nd. They set an "outperform" rating and a $414.00 target price for the company. Wells Fargo & Company cut their target price on shares of Molina Healthcare from $372.00 to $216.00 and set an "overweight" rating for the company in a research note on Wednesday. Guggenheim began coverage on shares of Molina Healthcare in a research note on Wednesday, April 9th. They set a "neutral" rating for the company. Finally, Truist Financial restated a "hold" rating and set a $180.00 target price (down previously from $335.00) on shares of Molina Healthcare in a research note on Friday. Twelve investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $267.42.

Molina Healthcare Price Performance

MOH stock traded up $6.75 during mid-day trading on Friday, hitting $164.97. The stock had a trading volume of 4,892,162 shares, compared to its average volume of 893,347. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.87. Molina Healthcare, Inc has a 52 week low of $156.36 and a 52 week high of $365.23. The firm has a market capitalization of $8.94 billion, a P/E ratio of 8.13, a P/E/G ratio of 1.17 and a beta of 0.55. The firm has a fifty day simple moving average of $270.58 and a 200 day simple moving average of $297.10.

Molina Healthcare (NYSE:MOH - Get Free Report) last released its earnings results on Wednesday, July 23rd. The company reported $5.48 EPS 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 27.84%. The firm had revenue of $11.43 billion during the quarter, compared to the consensus estimate of $10.94 billion. During the same period in the prior year, the business earned $5.86 earnings per share. Molina Healthcare's quarterly revenue was up 15.7% compared to the same quarter last year. As a group, research analysts forecast that Molina Healthcare, Inc will post 24.4 EPS for the current year.

Insider Activity

In other Molina Healthcare news, CEO Joseph M. Zubretsky sold 87,500 shares of the firm's stock in a transaction dated Wednesday, April 30th. The shares were 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 of the company's stock, valued at $82,484,262.90. This trade represents a 25.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard M. Schapiro sold 669 shares of the firm's stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $320.50, for a total transaction of $214,414.50. Following the completion of the transaction, the director directly owned 11,244 shares in the company, valued at approximately $3,603,702. This represents a 5.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is owned by company 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.