AdvisorNet Financial Inc Has $299,000 Position in Molina Healthcare, Inc. (NYSE:MOH)

AdvisorNet Financial Inc grew its holdings in Molina Healthcare, Inc. (NYSE:MOHGet Rating) by 25.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 1,070 shares of the company’s stock after acquiring an additional 215 shares during the quarter. AdvisorNet Financial Inc’s holdings in Molina Healthcare were worth $299,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. American Trust lifted its stake in shares of Molina Healthcare by 3.3% in the first quarter. American Trust now owns 1,193 shares of the company’s stock valued at $398,000 after buying an additional 38 shares during the period. Bank of America Corp DE lifted its stake in shares of Molina Healthcare by 17.2% in the first quarter. Bank of America Corp DE now owns 333,406 shares of the company’s stock valued at $111,220,000 after buying an additional 48,873 shares during the period. First National Bank of Omaha bought a new stake in shares of Molina Healthcare in the first quarter valued at about $1,210,000. Advisory Services Network LLC bought a new stake in shares of Molina Healthcare in the first quarter valued at about $654,000. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Molina Healthcare by 18.0% in the first quarter. The Manufacturers Life Insurance Company now owns 77,804 shares of the company’s stock valued at $26,211,000 after buying an additional 11,874 shares during the period. Institutional investors own 95.40% of the company’s stock.

Analyst Ratings Changes

MOH has been the subject of a number of analyst reports. Cowen raised their price target on shares of Molina Healthcare to $371.00 in a research note on Tuesday, August 9th. Credit Suisse Group set a $321.00 price target on shares of Molina Healthcare in a research note on Tuesday, July 19th. Loop Capital began coverage on shares of Molina Healthcare in a research note on Thursday, June 16th. They set a “hold” rating and a $310.00 price target for the company. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Molina Healthcare from $311.00 to $315.00 in a report on Monday, August 1st. Finally, Bank of America lowered shares of Molina Healthcare from a “buy” rating to an “underperform” rating and dropped their price objective for the stock from $355.00 to $335.00 in a report on Thursday, May 26th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Molina Healthcare presently has a consensus rating of “Moderate Buy” and an average price target of $344.14.

Insider Activity at Molina Healthcare

In related news, EVP James Woys sold 25,000 shares of the business’s stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $328.11, for a total value of $8,202,750.00. Following the sale, the executive vice president now directly owns 37,810 shares of the company’s stock, valued at approximately $12,405,839.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Molina Healthcare news, EVP James Woys sold 25,000 shares of the business’s stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $328.11, for a total transaction of $8,202,750.00. Following the sale, the executive vice president now directly owns 37,810 shares of the company’s stock, valued at approximately $12,405,839.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ronna Romney sold 200 shares of the business’s stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $327.04, for a total transaction of $65,408.00. Following the sale, the director now directly owns 16,651 shares in the company, valued at $5,445,543.04. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 57,456 shares of company stock valued at $19,253,691. 1.60% of the stock is owned by corporate insiders.

Molina Healthcare Trading Up 1.3 %

Shares of NYSE MOH opened at $343.77 on Tuesday. The company’s fifty day moving average is $325.53 and its 200-day moving average is $313.19. The stock has a market cap of $19.97 billion, a price-to-earnings ratio of 26.77, a P/E/G ratio of 1.15 and a beta of 0.83. Molina Healthcare, Inc. has a twelve month low of $249.78 and a twelve month high of $361.25. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.84.

Molina Healthcare (NYSE:MOHGet Rating) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $4.55 earnings per share for the quarter, topping analysts’ consensus estimates of $4.34 by $0.21. The company had revenue of $8.05 billion for the quarter, compared to analysts’ expectations of $7.69 billion. Molina Healthcare had a net margin of 2.48% and a return on equity of 32.97%. The business’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same period last year, the firm posted $3.40 earnings per share. Equities research analysts predict that Molina Healthcare, Inc. will post 17.66 EPS for the current year.

Molina Healthcare Company Profile

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Molina Healthcare, Inc provides managed health care 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. As of December 31, 2021, the company served the company served approximately 5.2 million members eligible for Medicaid, Medicare, and other government-sponsored healthcare programs in 18 states.

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Institutional Ownership by Quarter for Molina Healthcare (NYSE:MOH)

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