American Trust Decreases Stake in Molina Healthcare, Inc. (NYSE:MOH)

American Trust lessened its stake in Molina Healthcare, Inc. (NYSE:MOH) by 19.5% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,140 shares of the company’s stock after selling 277 shares during the quarter. American Trust’s holdings in Molina Healthcare were worth $305,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Coppell Advisory Solutions Corp. acquired a new stake in shares of Molina Healthcare during the 4th quarter worth about $34,000. ST Germain D J Co. Inc. acquired a new stake in shares of Molina Healthcare during the 4th quarter worth about $36,000. Brown Brothers Harriman & Co. acquired a new stake in shares of Molina Healthcare during the 1st quarter worth about $40,000. EverSource Wealth Advisors LLC raised its position in shares of Molina Healthcare by 2,950.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 122 shares of the company’s stock worth $33,000 after acquiring an additional 118 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its position in shares of Molina Healthcare by 85.9% during the 1st quarter. Parkside Financial Bank & Trust now owns 132 shares of the company’s stock worth $44,000 after acquiring an additional 61 shares in the last quarter. Hedge funds and other institutional investors own 98.11% of the company’s stock.

Molina Healthcare Trading Up 0.2 %

Shares of MOH stock opened at $327.58 on Friday. The business’s 50 day moving average is $312.37 and its two-hundred day moving average is $293.09. Molina Healthcare, Inc. has a twelve month low of $256.19 and a twelve month high of $374.00. The company has a market capitalization of $19.10 billion, a P/E ratio of 20.76, a price-to-earnings-growth ratio of 1.12 and a beta of 0.65. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.66.

Molina Healthcare (NYSE:MOH) last announced its earnings results on Wednesday, July 26th. The company reported $5.65 earnings per share for the quarter, beating the consensus estimate of $5.05 by $0.60. Molina Healthcare had a return on equity of 35.87% and a net margin of 2.81%. The company had revenue of $8.33 billion for the quarter, compared to the consensus estimate of $8.32 billion. During the same period last year, the business posted $4.55 EPS. The company’s revenue was up 3.4% on a year-over-year basis. Equities analysts forecast that Molina Healthcare, Inc. will post 20.78 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Bank of America raised their target price on Molina Healthcare from $340.00 to $350.00 in a research report on Thursday, July 27th. StockNews.com raised Molina Healthcare from a “buy” rating to a “strong-buy” rating in a research report on Friday. JPMorgan Chase & Co. cut their price target on Molina Healthcare from $348.00 to $341.00 in a research report on Friday, July 7th. Truist Financial cut their price target on Molina Healthcare from $380.00 to $365.00 in a research report on Tuesday, June 20th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $365.00 price target on shares of Molina Healthcare in a research report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Molina Healthcare currently has a consensus rating of “Moderate Buy” and a consensus target price of $351.31.

Insider Activity at Molina Healthcare

In related news, Director Steven J. Orlando sold 723 shares of Molina Healthcare stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $301.25, for a total value of $217,803.75. Following the sale, the director now directly owns 20,265 shares in the company, valued at $6,104,831.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, insider Jeff D. Barlow sold 12,500 shares of Molina Healthcare stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $302.77, for a total value of $3,784,625.00. Following the sale, the insider now directly owns 64,973 shares in the company, valued at $19,671,875.21. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Steven J. Orlando sold 723 shares of Molina Healthcare stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $301.25, for a total value of $217,803.75. Following the completion of the sale, the director now owns 20,265 shares in the company, valued at $6,104,831.25. The disclosure for this sale can be found here. Insiders have sold a total of 17,938 shares of company stock worth $5,474,336 over the last three months. 1.10% of the stock is currently owned by corporate insiders.

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.