Molina Healthcare, Inc (NYSE:MOH) Shares Acquired by State of Alaska Department of Revenue

State of Alaska Department of Revenue lifted its holdings in shares of Molina Healthcare, Inc (NYSE:MOH) by 22.6% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,420 shares of the company’s stock after purchasing an additional 2,470 shares during the quarter. State of Alaska Department of Revenue’s holdings in Molina Healthcare were worth $4,420,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Rothschild Investment LLC lifted its position in shares of Molina Healthcare by 126.3% during the first quarter. Rothschild Investment LLC now owns 86 shares of the company’s stock worth $28,000 after purchasing an additional 48 shares in the last quarter. Colonial Trust Co SC lifted its position in shares of Molina Healthcare by 930.0% during the fourth quarter. Colonial Trust Co SC now owns 103 shares of the company’s stock worth $30,000 after purchasing an additional 93 shares in the last quarter. Hurley Capital LLC acquired a new stake in shares of Molina Healthcare during the fourth quarter worth about $55,000. EverSource Wealth Advisors LLC lifted its position in shares of Molina Healthcare by 81.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 196 shares of the company’s stock worth $57,000 after purchasing an additional 88 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its position in shares of Molina Healthcare by 337.0% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 201 shares of the company’s stock worth $58,000 after purchasing an additional 155 shares in the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.

Wall Street Analysts Forecast Growth

MOH has been the topic of several analyst reports. Barclays reduced their target price on shares of Molina Healthcare from $351.00 to $347.00 and set an “equal weight” rating on the stock in a report on Monday, June 9th. Robert W. Baird reaffirmed a “neutral” rating and issued a $375.00 target price (up previously from $331.00) on shares of Molina Healthcare in a report on Tuesday, April 15th. Truist Financial raised their target price on shares of Molina Healthcare from $340.00 to $400.00 and gave the company a “buy” rating in a report on Friday, April 11th. Wall Street Zen raised shares of Molina Healthcare from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Sanford C. Bernstein initiated coverage on shares of Molina Healthcare in a report on Tuesday, April 22nd. They issued an “outperform” rating and a $414.00 target price on the stock. Nine investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $364.21.

Insider Activity at Molina Healthcare

In other Molina Healthcare news, CEO Joseph M. Zubretsky sold 87,500 shares of the business’s stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of $320.06, for a total transaction of $28,005,250.00. Following the sale, the chief executive officer now directly owns 257,715 shares in the company, valued at approximately $82,484,262.90. The trade was a 25.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard M. Schapiro sold 669 shares of the business’s stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $320.50, for a total transaction of $214,414.50. Following the sale, the director now owns 11,244 shares in the company, valued at $3,603,702. The trade was 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 currently owned by insiders.

Molina Healthcare Stock Performance

Shares of MOH opened at $293.19 on Friday. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.87. The firm has a market cap of $15.89 billion, a PE ratio of 14.16, a price-to-earnings-growth ratio of 0.99 and a beta of 0.56. The company’s 50 day simple moving average is $311.43 and its 200-day simple moving average is $306.92. Molina Healthcare, Inc has a 12-month low of $262.32 and a 12-month high of $365.23.

Molina Healthcare (NYSE:MOH) last announced its earnings results on Wednesday, April 23rd. The company reported $6.08 earnings per share (EPS) 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 analyst estimates of $10.86 billion. Molina Healthcare had a net margin of 2.81% and a return on equity of 28.38%. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period last year, the firm posted $5.73 earnings per share. As a group, equities analysts predict that Molina Healthcare, Inc will post 24.4 EPS for the current year.

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.