Cerity Partners LLC Invests $362,000 in Molina Healthcare, Inc. (NYSE:MOH)

Cerity Partners LLC acquired a new position in shares of Molina Healthcare, Inc. (NYSE:MOH) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,003 shares of the company’s stock, valued at approximately $362,000.

Other large investors also recently modified their holdings of the company. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Molina Healthcare during the 3rd quarter worth about $30,000. VisionPoint Advisory Group LLC raised its holdings in shares of Molina Healthcare by 105.6% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 111 shares of the company’s stock valued at $36,000 after purchasing an additional 57 shares during the period. Raleigh Capital Management Inc. raised its holdings in shares of 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 during the period. Householder Group Estate & Retirement Specialist LLC raised its holdings in shares of Molina Healthcare by 3,933.3% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 121 shares of the company’s stock valued at $43,000 after purchasing an additional 118 shares during the period. Finally, Allworth Financial LP raised its holdings in shares of Molina Healthcare by 80.0% in the 4th quarter. Allworth Financial LP now owns 135 shares of the company’s stock valued at $49,000 after purchasing an additional 60 shares during the period. 98.50% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MOH. Bank of America cut shares of Molina Healthcare from a “neutral” rating to an “underperform” rating and set a $439.00 target price on the stock. in a report on Thursday, March 28th. Stephens reaffirmed an “equal weight” rating and issued a $390.00 target price on shares of Molina Healthcare in a report on Thursday. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $406.00 target price on shares of Molina Healthcare in a report on Thursday, April 4th. StockNews.com cut shares of Molina Healthcare from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 8th. Finally, Truist Financial increased their price target on shares of Molina Healthcare from $435.00 to $460.00 and gave the company a “buy” rating in a report on Tuesday, February 20th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $396.09.

Insider Buying and Selling

In other Molina Healthcare news, Director Richard M. Schapiro sold 711 shares of Molina Healthcare stock in a transaction on Monday, February 12th. The shares were sold at an average price of $384.06, for a total value of $273,066.66. Following the completion of the sale, the director now directly owns 12,207 shares of the company’s stock, valued at $4,688,220.42. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Richard M. Schapiro sold 711 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $384.06, for a total transaction of $273,066.66. Following the transaction, the director now directly owns 12,207 shares in the company, valued at $4,688,220.42. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Richard M. Schapiro sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $401.05, for a total transaction of $401,050.00. Following the completion of the sale, the director now directly owns 11,207 shares in the company, valued at approximately $4,494,567.35. The disclosure for this sale can be found here. Insiders sold 16,711 shares of company stock valued at $6,472,517 over the last quarter. Insiders own 1.10% of the company’s stock.

Molina Healthcare Stock Down 2.9 %

Shares of MOH opened at $342.23 on Friday. Molina Healthcare, Inc. has a 12 month low of $266.35 and a 12 month high of $423.92. The firm’s 50 day moving average is $391.53 and its 200-day moving average is $371.87. The stock has a market capitalization of $20.05 billion, a PE ratio of 18.57, a P/E/G ratio of 1.03 and a beta of 0.47. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.57.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $5.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.46 by $0.27. Molina Healthcare had a net margin of 2.99% and a return on equity of 30.99%. The business had revenue of $9.93 billion for the quarter, compared to analyst estimates of $9.45 billion. During the same quarter last year, the business posted $5.81 EPS. The firm’s revenue for the quarter was up 21.9% on a year-over-year basis. Equities research analysts forecast that Molina Healthcare, Inc. will post 23.62 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.