Victory Capital Management Inc. Grows Stock Holdings in Molina Healthcare, Inc (NYSE:MOH)

Victory Capital Management Inc. raised its holdings in shares of Molina Healthcare, Inc (NYSE:MOH - Free Report) by 13.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 160,192 shares of the company's stock after buying an additional 19,008 shares during the quarter. Victory Capital Management Inc. owned about 0.30% of Molina Healthcare worth $52,766,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Bridgewater Advisors Inc. acquired a new position in shares of Molina Healthcare during the first quarter worth approximately $209,000. Wealthfront Advisers LLC increased its position in shares of Molina Healthcare by 168.2% during the first quarter. Wealthfront Advisers LLC now owns 35,980 shares of the company's stock valued at $11,851,000 after purchasing an additional 22,565 shares during the period. Hohimer Wealth Management LLC increased its position in shares of Molina Healthcare by 556.2% during the first quarter. Hohimer Wealth Management LLC now owns 18,171 shares of the company's stock valued at $5,985,000 after purchasing an additional 15,402 shares during the period. CWM LLC increased its position in shares of Molina Healthcare by 108.7% during the first quarter. CWM LLC now owns 17,704 shares of the company's stock valued at $5,832,000 after purchasing an additional 9,220 shares during the period. Finally, Ballentine Partners LLC increased its position in shares of Molina Healthcare by 3.3% during the first quarter. Ballentine Partners LLC now owns 3,268 shares of the company's stock valued at $1,076,000 after purchasing an additional 105 shares during the period. 98.50% of the stock is currently owned by institutional investors and hedge funds.

Molina Healthcare Trading Up 2.5%

Shares of Molina Healthcare stock traded up $4.47 on Tuesday, hitting $180.91. 2,287,828 shares of the company's stock traded hands, compared to its average volume of 750,957. The company has a fifty day moving average of $276.12 and a two-hundred day moving average of $298.81. Molina Healthcare, Inc has a one year low of $175.00 and a one year high of $365.23. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.63 and a quick ratio of 1.63. The company has a market capitalization of $9.81 billion, a price-to-earnings ratio of 8.74, a price-to-earnings-growth ratio of 1.09 and a beta of 0.55.

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

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on MOH. Baird R W cut Molina Healthcare from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Truist Financial decreased their target price on Molina Healthcare from $400.00 to $335.00 and set a "buy" rating on the stock in a report on Wednesday, July 16th. Robert W. Baird restated a "neutral" rating and set a $375.00 target price (up previously from $331.00) on shares of Molina Healthcare in a report on Tuesday, April 15th. Mizuho cut their price target on Molina Healthcare from $400.00 to $330.00 and set an "outperform" rating on the stock in a research note on Friday, July 11th. Finally, Barclays cut their price target on Molina Healthcare from $351.00 to $347.00 and set an "equal weight" rating on the stock in a research note on Monday, June 9th. Eleven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $347.57.

Insiders Place Their Bets

In other news, CEO Joseph M. Zubretsky sold 87,500 shares of the firm's stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of $320.06, for a total transaction of $28,005,250.00. Following the transaction, the chief executive officer directly owned 257,715 shares of the company's stock, valued at approximately $82,484,262.90. This trade represents a 25.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 value of $214,414.50. Following the transaction, the director directly owned 11,244 shares in the company, valued at $3,603,702. This trade represents a 5.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.26% of the company's stock.

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.