Molina Healthcare, Inc. (NYSE:MOH) Shares Purchased by M&T Bank Corp

M&T Bank Corp boosted its stake in Molina Healthcare, Inc. (NYSE:MOH) by 7.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 7,400 shares of the company’s stock after acquiring an additional 526 shares during the period. M&T Bank Corp’s holdings in Molina Healthcare were worth $2,673,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Desjardins Global Asset Management Inc. boosted its stake in shares of Molina Healthcare by 4.4% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 763 shares of the company’s stock valued at $276,000 after acquiring an additional 32 shares during the last quarter. Ritholtz Wealth Management grew its holdings in shares of Molina Healthcare by 2.1% during the fourth quarter. Ritholtz Wealth Management now owns 1,620 shares of the company’s stock worth $585,000 after buying an additional 33 shares in the last quarter. New York Life Investment Management LLC grew its holdings in shares of Molina Healthcare by 0.4% during the third quarter. New York Life Investment Management LLC now owns 8,495 shares of the company’s stock worth $2,785,000 after buying an additional 36 shares in the last quarter. Aptus Capital Advisors LLC raised its position in shares of Molina Healthcare by 5.0% in the third quarter. Aptus Capital Advisors LLC now owns 763 shares of the company’s stock valued at $250,000 after buying an additional 36 shares during the last quarter. Finally, Raleigh Capital Management Inc. lifted its stake 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 valued at $41,000 after buying an additional 36 shares during the period. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Molina Healthcare Price Performance

MOH opened at $344.48 on Thursday. The company has a 50 day moving average of $380.82 and a two-hundred day moving average of $371.69. Molina Healthcare, Inc. has a 52-week low of $266.35 and a 52-week high of $423.92. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.53. The company has a market cap of $20.19 billion, a P/E ratio of 18.69, a P/E/G ratio of 1.04 and a beta of 0.54.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings results on Wednesday, April 24th. The company reported $5.73 earnings per share for the quarter, topping analysts’ consensus estimates of $5.46 by $0.27. Molina Healthcare had a net margin of 2.99% and a return on equity of 29.86%. The firm had revenue of $9.93 billion during the quarter, compared to analysts’ expectations of $9.45 billion. During the same period in the prior year, the company earned $5.81 EPS. The firm’s revenue was up 21.9% on a year-over-year basis. On average, analysts expect that Molina Healthcare, Inc. will post 23.59 earnings per share for the current year.

Analyst Upgrades and Downgrades

MOH has been the subject of several recent analyst reports. Bank of America cut shares of Molina Healthcare from a “neutral” rating to an “underperform” rating and set a $439.00 target price for the company. in a research note on Thursday, March 28th. StockNews.com lowered Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 8th. Truist Financial raised their price target on Molina Healthcare from $435.00 to $460.00 and gave the stock a “buy” rating in a research note on Tuesday, February 20th. Stephens restated an “equal weight” rating and issued a $390.00 price target on shares of Molina Healthcare in a report on Thursday, April 25th. Finally, Wells Fargo & Company cut their price objective on shares of Molina Healthcare from $410.00 to $375.00 and set an “equal weight” rating on the stock in a report on Monday, April 29th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Molina Healthcare presently has a consensus rating of “Hold” and an average price target of $404.90.

Insider Activity

In related news, Director Richard M. Schapiro sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $401.05, for a total transaction of $401,050.00. Following the transaction, the director now directly owns 11,207 shares of the company’s stock, valued at approximately $4,494,567.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Richard M. Schapiro sold 711 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $384.06, for a total transaction 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 approximately $4,688,220.42. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Richard M. Schapiro sold 1,000 shares of Molina Healthcare stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $401.05, for a total transaction of $401,050.00. Following 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. Over the last quarter, insiders sold 16,711 shares of company stock worth $6,472,517. 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.