BNP Paribas Financial Markets Has $23.35 Million Stock Holdings in Molina Healthcare, Inc. (NYSE:MOH)

BNP Paribas Financial Markets increased its position in shares of Molina Healthcare, Inc. (NYSE:MOHFree Report) by 35.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,835 shares of the company’s stock after acquiring an additional 14,920 shares during the period. BNP Paribas Financial Markets owned about 0.10% of Molina Healthcare worth $23,350,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in MOH. McIlrath & Eck LLC acquired a new stake in Molina Healthcare in the fourth quarter valued at approximately $34,000. VisionPoint Advisory Group LLC boosted its position in Molina Healthcare by 105.6% in the third quarter. VisionPoint Advisory Group LLC now owns 111 shares of the company’s stock valued at $36,000 after buying an additional 57 shares in the last quarter. Principal Securities Inc. acquired a new stake in Molina Healthcare in the fourth quarter valued at approximately $42,000. Friedenthal Financial acquired a new stake in Molina Healthcare in the fourth quarter valued at approximately $43,000. Finally, Householder Group Estate & Retirement Specialist LLC boosted its position in Molina Healthcare by 3,933.3% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 121 shares of the company’s stock valued at $43,000 after buying an additional 118 shares in the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.

Insider Buying and Selling

In related news, Director Ronna Romney sold 250 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $343.27, for a total value of $85,817.50. Following the completion of the transaction, the director now directly owns 16,945 shares of the company’s stock, valued at approximately $5,816,710.15. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Molina Healthcare news, COO James Woys sold 10,000 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $345.15, for a total value of $3,451,500.00. Following the sale, the chief operating officer now directly owns 53,613 shares in the company, valued at approximately $18,504,526.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ronna Romney sold 250 shares of the stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $343.27, for a total transaction of $85,817.50. Following the completion of the sale, the director now owns 16,945 shares in the company, valued at $5,816,710.15. The disclosure for this sale can be found here. 1.11% of the stock is owned by insiders.

Molina Healthcare Stock Down 1.1 %

Molina Healthcare stock opened at $293.19 on Monday. Molina Healthcare, Inc. has a twelve month low of $288.79 and a twelve month high of $423.92. The firm has a 50 day moving average price of $321.87 and a 200-day moving average price of $360.52. The company has a market capitalization of $17.18 billion, a P/E ratio of 15.91, a P/E/G ratio of 0.90 and a beta of 0.58. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.53.

Molina Healthcare (NYSE:MOHGet Free Report) last released its quarterly earnings data on Wednesday, April 24th. The company reported $5.73 EPS for the quarter, topping the consensus estimate of $5.46 by $0.27. The company had revenue of $9.93 billion during the quarter, compared to the consensus estimate of $9.45 billion. Molina Healthcare had a net margin of 2.99% and a return on equity of 29.86%. Molina Healthcare’s revenue for the quarter was up 21.9% on a year-over-year basis. During the same period last year, the firm earned $5.81 EPS. As a group, equities analysts predict that Molina Healthcare, Inc. will post 23.56 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Barclays cut their target price on shares of Molina Healthcare from $437.00 to $430.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 25th. JPMorgan Chase & Co. dropped their price target on shares of Molina Healthcare from $435.00 to $420.00 and set an “overweight” rating for the company in a research note on Thursday, May 30th. Stephens reaffirmed an “equal weight” rating and set a $390.00 price target on shares of Molina Healthcare in a research note on Thursday, April 25th. Baird R W raised shares of Molina Healthcare to a “strong-buy” rating in a research note on Thursday, May 30th. Finally, Wells Fargo & Company lowered their target price on shares of Molina Healthcare from $410.00 to $375.00 and set an “equal weight” rating for the company in a research note on Monday, April 29th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $407.45.

Get Our Latest Report on MOH

Molina Healthcare Company 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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