Tower Research Capital LLC TRC Has $1.57 Million Stock Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Tower Research Capital LLC TRC boosted its holdings in Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 63.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,386 shares of the company's stock after buying an additional 2,094 shares during the period. Tower Research Capital LLC TRC's holdings in Molina Healthcare were worth $1,568,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Versant Capital Management Inc raised its holdings in Molina Healthcare by 83.1% in the fourth quarter. Versant Capital Management Inc now owns 163 shares of the company's stock worth $47,000 after purchasing an additional 74 shares during the period. Wingate Wealth Advisors Inc. acquired a new stake in Molina Healthcare during the 4th quarter worth $52,000. Hurley Capital LLC bought a new position in Molina Healthcare during the fourth quarter worth about $55,000. EverSource Wealth Advisors LLC grew its stake in Molina Healthcare by 81.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 196 shares of the company's stock valued at $57,000 after acquiring an additional 88 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Molina Healthcare by 337.0% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 201 shares of the company's stock worth $58,000 after acquiring an additional 155 shares in the last quarter. 98.50% of the stock is owned by institutional investors.

Insider Activity at Molina Healthcare

In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $301.33, for a total value of $301,330.00. Following the sale, the director now owns 17,375 shares in the company, valued at $5,235,608.75. This represents a 5.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is currently owned by company insiders.

Molina Healthcare Stock Down 0.1 %

Shares of NYSE:MOH traded down $0.20 during trading on Tuesday, hitting $320.01. 68,152 shares of the company were exchanged, compared to its average volume of 670,011. Molina Healthcare, Inc. has a fifty-two week low of $262.32 and a fifty-two week high of $365.23. The stock has a market cap of $17.50 billion, a price-to-earnings ratio of 15.63, a P/E/G ratio of 1.06 and a beta of 0.70. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.69. The firm has a fifty day moving average price of $320.07 and a two-hundred day moving average price of $307.33.

Molina Healthcare (NYSE:MOH - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $6.08 earnings per share for the quarter, topping analysts' consensus estimates of $5.96 by $0.12. The business had revenue of $11.15 billion for the quarter, compared to the consensus estimate of $10.86 billion. Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. The firm's revenue for the quarter was up 12.2% on a year-over-year basis. During the same period in the previous year, the company earned $5.73 earnings per share. As a group, research analysts anticipate that Molina Healthcare, Inc. will post 24.4 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MOH. Mizuho boosted their price objective on Molina Healthcare from $376.00 to $400.00 and gave the company an "outperform" rating in a research report on Wednesday, April 9th. Wells Fargo & Company raised shares of Molina Healthcare from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $295.00 to $372.00 in a research report on Wednesday, March 5th. Baird R W cut shares of Molina Healthcare from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Robert W. Baird reiterated 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. Finally, Stephens restated an "equal weight" rating and issued a $345.00 price target on shares of Molina Healthcare in a report on Thursday, February 6th. Nine equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $365.38.

Molina Healthcare 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.