Bank of Hawaii Has $273,000 Holdings in Molina Healthcare, Inc $MOH

Bank of Hawaii decreased its holdings in shares of Molina Healthcare, Inc (NYSE:MOH) by 30.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 830 shares of the company’s stock after selling 372 shares during the quarter. Bank of Hawaii’s holdings in Molina Healthcare were worth $273,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Rothschild Investment LLC lifted its holdings in Molina Healthcare by 126.3% during the 1st quarter. Rothschild Investment LLC now owns 86 shares of the company’s stock valued at $28,000 after purchasing an additional 48 shares during the last quarter. Zions Bancorporation National Association UT acquired a new stake in Molina Healthcare during the 1st quarter valued at $29,000. Deseret Mutual Benefit Administrators lifted its holdings in Molina Healthcare by 60.7% during the 1st quarter. Deseret Mutual Benefit Administrators now owns 90 shares of the company’s stock valued at $30,000 after purchasing an additional 34 shares during the last quarter. Elequin Capital LP lifted its holdings in Molina Healthcare by 170.6% during the 1st quarter. Elequin Capital LP now owns 92 shares of the company’s stock valued at $30,000 after purchasing an additional 58 shares during the last quarter. Finally, Colonial Trust Co SC lifted its holdings in Molina Healthcare by 930.0% during the 4th quarter. Colonial Trust Co SC now owns 103 shares of the company’s stock valued at $30,000 after purchasing an additional 93 shares during the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.

Insider Activity at Molina Healthcare

In other Molina Healthcare news, Director Ronna Romney sold 700 shares of the business’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $153.74, for a total value of $107,618.00. Following the transaction, the director directly owned 17,131 shares of the company’s stock, valued at approximately $2,633,719.94. The trade was a 3.93% 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, COO James Woys purchased 10,000 shares of the company’s stock in a transaction on Monday, August 4th. The stock was acquired at an average cost of $155.94 per share, for a total transaction of $1,559,400.00. Following the completion of the purchase, the chief operating officer owned 74,331 shares of the company’s stock, valued at approximately $11,591,176.14. This trade represents a 15.54% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.26% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Wall Street Zen downgraded Molina Healthcare from a “buy” rating to a “hold” rating in a report on Sunday, June 29th. Morgan Stanley downgraded Molina Healthcare from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $364.00 to $266.00 in a report on Thursday, July 10th. Cantor Fitzgerald reissued a “neutral” rating and set a $210.00 target price (down previously from $312.00) on shares of Molina Healthcare in a report on Friday, July 25th. Truist Financial reissued a “hold” rating and set a $180.00 target price (down previously from $335.00) on shares of Molina Healthcare in a report on Friday, July 25th. Finally, Robert W. Baird dropped their target price on Molina Healthcare from $373.00 to $179.00 and set a “neutral” rating for the company in a report on Friday, July 25th. Three investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Molina Healthcare has a consensus rating of “Hold” and a consensus price target of $242.91.

Molina Healthcare Stock Performance

Molina Healthcare stock opened at $175.17 on Tuesday. Molina Healthcare, Inc has a 12-month low of $151.95 and a 12-month high of $365.23. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.77. The business’s 50-day moving average price is $208.71 and its two-hundred day moving average price is $275.98. The stock has a market cap of $9.49 billion, a PE ratio of 8.63 and a beta of 0.52.

Molina Healthcare (NYSE:MOH) 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). The firm had revenue of $11.43 billion for the quarter, compared to the consensus estimate of $10.94 billion. Molina Healthcare had a return on equity of 27.72% and a net margin of 2.60%.The business’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same quarter last year, the firm posted $5.86 earnings per share. As a group, analysts expect that Molina Healthcare, Inc will post 24.4 earnings per share for the current fiscal 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.