State of Alaska Department of Revenue Raises Holdings in Molina Healthcare, Inc. (NYSE:MOH)

State of Alaska Department of Revenue lifted its holdings in shares of Molina Healthcare, Inc. (NYSE:MOHFree Report) by 3.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,316 shares of the company’s stock after buying an additional 770 shares during the period. State of Alaska Department of Revenue’s holdings in Molina Healthcare were worth $9,145,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of MOH. Ritholtz Wealth Management increased its stake in Molina Healthcare by 2.1% in the 4th quarter. Ritholtz Wealth Management now owns 1,620 shares of the company’s stock valued at $585,000 after purchasing an additional 33 shares in the last quarter. Captrust Financial Advisors increased its stake in Molina Healthcare by 0.5% in the 2nd quarter. Captrust Financial Advisors now owns 6,315 shares of the company’s stock valued at $1,766,000 after purchasing an additional 33 shares in the last quarter. New York Life Investment Management LLC increased its stake in Molina Healthcare by 0.4% in the 3rd quarter. New York Life Investment Management LLC now owns 8,495 shares of the company’s stock valued at $2,785,000 after purchasing an additional 36 shares in the last quarter. Aptus Capital Advisors LLC increased its stake in Molina Healthcare by 5.0% in the 3rd quarter. Aptus Capital Advisors LLC now owns 763 shares of the company’s stock valued at $250,000 after purchasing an additional 36 shares in the last quarter. Finally, Raleigh Capital Management Inc. increased its stake in Molina Healthcare by 40.4% in the 3rd quarter. Raleigh Capital Management Inc. now owns 125 shares of the company’s stock valued at $41,000 after purchasing an additional 36 shares in the last quarter. 98.50% of the stock is owned by hedge funds and other institutional investors.

Molina Healthcare Price Performance

MOH stock opened at $410.83 on Friday. Molina Healthcare, Inc. has a 52-week low of $263.20 and a 52-week high of $423.92. The stock’s fifty day simple moving average is $390.49 and its 200-day simple moving average is $366.76. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $24.07 billion, a price-to-earnings ratio of 21.88, a price-to-earnings-growth ratio of 1.15 and a beta of 0.47.

Molina Healthcare (NYSE:MOHGet Free Report) last posted its quarterly earnings data on Wednesday, February 7th. The company reported $4.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.31 by $0.07. Molina Healthcare had a return on equity of 32.34% and a net margin of 3.20%. The business had revenue of $9.05 billion for the quarter, compared to analysts’ expectations of $8.35 billion. During the same quarter last year, the firm earned $4.10 earnings per share. The business’s revenue was up 10.0% on a year-over-year basis. Equities research analysts expect that Molina Healthcare, Inc. will post 23.62 EPS for the current year.

Insider Activity at Molina Healthcare

In related news, Director Richard M. Schapiro sold 711 shares of Molina Healthcare stock in a transaction on Monday, February 12th. The stock was sold at an average price of $384.06, for a total value of $273,066.66. Following the transaction, the director now owns 12,207 shares in the company, valued at $4,688,220.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Richard M. Schapiro sold 711 shares of Molina Healthcare stock in a transaction on Monday, February 12th. The stock was sold at an average price of $384.06, for a total value of $273,066.66. Following the transaction, the director now owns 12,207 shares in the company, valued at $4,688,220.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard M. Schapiro sold 1,000 shares of Molina Healthcare stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $401.05, for a total value of $401,050.00. Following the completion of the transaction, the director now owns 11,207 shares in the company, valued at approximately $4,494,567.35. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,711 shares of company stock worth $6,472,517. 1.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

MOH has been the subject of several research analyst reports. Barclays started coverage on Molina Healthcare in a research note on Wednesday, March 6th. They issued an “equal weight” rating and a $437.00 price objective for the company. Wells Fargo & Company raised their price target on Molina Healthcare from $420.00 to $440.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 20th. Cantor Fitzgerald raised their price target on Molina Healthcare from $374.00 to $406.00 and gave the stock an “overweight” rating in a research report on Friday, February 9th. UBS Group raised their price target on Molina Healthcare from $350.00 to $380.00 and gave the stock a “neutral” rating in a research report on Thursday, December 21st. Finally, StockNews.com downgraded Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $395.82.

View Our Latest Stock Analysis on MOH

Molina Healthcare Profile

(Free Report)

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.

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

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