Farther Finance Advisors LLC Has $216,000 Position in Molina Healthcare, Inc (NYSE:MOH)

Farther Finance Advisors LLC grew its holdings in Molina Healthcare, Inc (NYSE:MOH) by 100.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 659 shares of the company’s stock after purchasing an additional 330 shares during the quarter. Farther Finance Advisors LLC’s holdings in Molina Healthcare were worth $216,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in MOH. Rothschild Investment LLC grew its position in shares of Molina Healthcare by 126.3% in the first quarter. Rothschild Investment LLC now owns 86 shares of the company’s stock valued at $28,000 after purchasing an additional 48 shares during the last quarter. Colonial Trust Co SC lifted its stake in shares of Molina Healthcare by 930.0% in the fourth quarter. Colonial Trust Co SC now owns 103 shares of the company’s stock valued at $30,000 after buying an additional 93 shares during the period. Hurley Capital LLC acquired a new stake in Molina Healthcare during the fourth quarter worth about $55,000. EverSource Wealth Advisors LLC grew its position in Molina Healthcare by 81.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 196 shares of the company’s stock worth $57,000 after buying an additional 88 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its position in Molina Healthcare by 337.0% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 201 shares of the company’s stock worth $58,000 after buying an additional 155 shares in the last quarter. 98.50% of the stock is owned by institutional investors and hedge funds.

Molina Healthcare Stock Up 0.9%

Shares of MOH opened at $294.92 on Thursday. The company has a market capitalization of $15.98 billion, a P/E ratio of 14.24, a PEG ratio of 0.98 and a beta of 0.56. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.63 and a quick ratio of 1.63. Molina Healthcare, Inc has a one year low of $262.32 and a one year high of $365.23. The business’s 50 day simple moving average is $313.43 and its 200-day simple moving average is $307.10.

Molina Healthcare (NYSE:MOH) last announced its earnings results on Wednesday, April 23rd. The company reported $6.08 EPS for the quarter, topping the consensus estimate of $5.96 by $0.12. The business had revenue of $11.15 billion for the quarter, compared to the consensus estimate of $10.86 billion. Molina Healthcare had a return on equity of 28.38% and a net margin of 2.81%. Molina Healthcare’s revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the business earned $5.73 EPS. As a group, sell-side analysts predict that Molina Healthcare, Inc will post 24.4 EPS for the current fiscal year.

Insider Transactions at Molina Healthcare

In related news, Director Richard M. Schapiro sold 669 shares of the business’s stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $320.50, for a total value of $214,414.50. Following the completion of the transaction, the director now owns 11,244 shares in the company, valued at $3,603,702. The trade was a 5.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Joseph M. Zubretsky sold 87,500 shares of the business’s stock in a transaction that occurred on Wednesday, April 30th. The stock was sold at an average price of $320.06, for a total transaction of $28,005,250.00. Following the completion of the transaction, the chief executive officer now owns 257,715 shares of the company’s stock, valued at $82,484,262.90. This trade represents a 25.35% decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

MOH has been the topic of a number of recent research reports. Sanford C. Bernstein initiated coverage on Molina Healthcare in a research report on Tuesday, April 22nd. They set an “outperform” rating and a $414.00 target price on the stock. Wells Fargo & Company raised Molina Healthcare from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $295.00 to $372.00 in a research report on Wednesday, March 5th. Morgan Stanley initiated coverage on Molina Healthcare in a research report on Monday, June 9th. They set an “overweight” rating and a $364.00 target price on the stock. Guggenheim initiated coverage on Molina Healthcare in a research report on Wednesday, April 9th. They set a “neutral” rating on the stock. Finally, Wall Street Zen raised Molina Healthcare from a “hold” rating to a “buy” rating in a research report on Friday, April 11th. Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $364.21.

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.