296 Shares in Molina Healthcare, Inc. (NYSE:MOH) Bought by GAMMA Investing LLC

GAMMA Investing LLC acquired a new position in shares of Molina Healthcare, Inc. (NYSE:MOH) in the fourth quarter, HoldingsChannel reports. The fund acquired 296 shares of the company’s stock, valued at approximately $106,000.

A number of other institutional investors have also made changes to their positions in the stock. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Molina Healthcare in the third quarter valued at about $30,000. VisionPoint Advisory Group LLC boosted its position in shares of Molina Healthcare by 105.6% during the third quarter. VisionPoint Advisory Group LLC now owns 111 shares of the company’s stock worth $36,000 after buying an additional 57 shares during the period. Raleigh Capital Management Inc. boosted its position in shares of Molina Healthcare by 40.4% during the third quarter. Raleigh Capital Management Inc. now owns 125 shares of the company’s stock worth $41,000 after buying an additional 36 shares during the period. Householder Group Estate & Retirement Specialist LLC boosted its position in shares of Molina Healthcare by 3,933.3% during the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 121 shares of the company’s stock worth $43,000 after buying an additional 118 shares during the period. Finally, Friedenthal Financial acquired a new position in shares of Molina Healthcare during the fourth quarter worth about $43,000. 98.50% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Molina Healthcare

In other Molina Healthcare news, CFO Mark Lowell Keim sold 15,000 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $386.56, for a total value of $5,798,400.00. Following the sale, the chief financial officer now owns 36,531 shares of the company’s stock, valued at approximately $14,121,423.36. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Molina Healthcare news, CFO Mark Lowell Keim sold 15,000 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $386.56, for a total value of $5,798,400.00. Following the sale, the chief financial officer now owns 36,531 shares of the company’s stock, valued at approximately $14,121,423.36. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Richard M. Schapiro sold 1,000 shares of the firm’s 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 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. In the last quarter, insiders have sold 16,711 shares of company stock valued at $6,472,517. 1.11% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently issued reports on MOH shares. Stephens reiterated an “equal weight” rating and set a $390.00 target price on shares of Molina Healthcare in a report on Thursday. Barclays dropped their price objective on Molina Healthcare from $437.00 to $430.00 and set an “equal weight” rating on the stock in a research note on Thursday. StockNews.com lowered Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 8th. Bank of America lowered Molina Healthcare from a “neutral” rating to an “underperform” rating and set a $439.00 target price on the stock. in a research note on Thursday, March 28th. Finally, Truist Financial increased their target price on Molina Healthcare from $435.00 to $460.00 and gave the stock a “buy” rating in a research note 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $400.70.

Molina Healthcare Trading Down 2.9 %

Shares of NYSE:MOH opened at $342.23 on Monday. The company has a market capitalization of $20.05 billion, a P/E ratio of 18.57, a P/E/G ratio of 0.96 and a beta of 0.47. Molina Healthcare, Inc. has a 1 year low of $266.35 and a 1 year high of $423.92. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.49 and a quick ratio of 1.49. The business’s 50 day simple moving average is $390.34 and its 200 day simple moving average is $372.35.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $5.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.46 by $0.27. The business had revenue of $9.93 billion for the quarter, compared to the consensus estimate of $9.45 billion. Molina Healthcare had a return on equity of 29.86% and a net margin of 2.99%. The firm’s quarterly revenue was up 21.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.81 earnings per share. On average, research analysts anticipate that Molina Healthcare, Inc. will post 23.62 EPS for the current fiscal year.

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.