Quarry LP Invests $171,000 in Molina Healthcare, Inc. (NYSE:MOH)

Quarry LP bought a new position in shares of Molina Healthcare, Inc. (NYSE:MOH) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 576 shares of the company’s stock, valued at approximately $171,000.

Several other institutional investors have also modified their holdings of the business. Algert Global LLC bought a new position in shares of Molina Healthcare during the 2nd quarter valued at about $211,000. Scientech Research LLC bought a new position in shares of Molina Healthcare during the 2nd quarter valued at about $2,448,000. Scion Asset Management LLC bought a new position in shares of Molina Healthcare during the 2nd quarter valued at about $7,293,000. Mackenzie Financial Corp lifted its holdings in shares of Molina Healthcare by 22.1% during the 2nd quarter. Mackenzie Financial Corp now owns 7,641 shares of the company’s stock valued at $2,272,000 after purchasing an additional 1,384 shares in the last quarter. Finally, Maverick Capital Ltd. lifted its holdings in shares of Molina Healthcare by 404.1% during the 2nd quarter. Maverick Capital Ltd. now owns 5,863 shares of the company’s stock valued at $1,743,000 after purchasing an additional 4,700 shares in the last quarter. Institutional investors own 98.50% of the company’s stock.

Molina Healthcare Stock Up 0.8 %

NYSE:MOH opened at $344.56 on Tuesday. The firm has a market capitalization of $20.19 billion, a price-to-earnings ratio of 18.70, a price-to-earnings-growth ratio of 1.21 and a beta of 0.57. Molina Healthcare, Inc. has a twelve month low of $282.96 and a twelve month high of $423.92. The stock’s 50 day moving average price is $340.66 and its two-hundred day moving average price is $340.88. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.49.

Molina Healthcare (NYSE:MOH) last posted its earnings results on Wednesday, July 24th. The company reported $5.86 earnings per share for the quarter, topping analysts’ consensus estimates of $5.73 by $0.13. The business had revenue of $9.88 billion for the quarter, compared to analyst estimates of $9.75 billion. Molina Healthcare had a return on equity of 28.09% and a net margin of 2.84%. The firm’s revenue was up 18.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $5.65 EPS. Equities research analysts expect that Molina Healthcare, Inc. will post 23.5 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CAO Maurice Hebert sold 393 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $346.52, for a total transaction of $136,182.36. Following the transaction, the chief accounting officer now directly owns 9,473 shares of the company’s stock, valued at approximately $3,282,583.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Steven J. Orlando sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $339.21, for a total transaction of $339,210.00. Following the transaction, the director now directly owns 18,025 shares of the company’s stock, valued at approximately $6,114,260.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Maurice Hebert sold 393 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $346.52, for a total value of $136,182.36. Following the transaction, the chief accounting officer now directly owns 9,473 shares in the company, valued at $3,282,583.96. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on MOH shares. Cantor Fitzgerald reiterated an “overweight” rating and set a $406.00 price objective on shares of Molina Healthcare in a report on Tuesday, September 10th. JPMorgan Chase & Co. cut their price objective on Molina Healthcare from $420.00 to $395.00 and set an “overweight” rating on the stock in a report on Wednesday, July 10th. TD Cowen cut their target price on Molina Healthcare from $412.00 to $351.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Jefferies Financial Group cut their target price on Molina Healthcare from $354.00 to $297.00 and set a “hold” rating on the stock in a research note on Wednesday, July 24th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Molina Healthcare from $354.00 to $353.00 and set a “hold” rating on the stock in a research note on Monday, July 29th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Molina Healthcare currently has a consensus rating of “Hold” and an average target price of $378.00.

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.