MassMutual Private Wealth & Trust FSB Has $108,000 Stock Holdings in Molina Healthcare, Inc $MOH

MassMutual Private Wealth & Trust FSB boosted its stake in Molina Healthcare, Inc (NYSE:MOH) by 20.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 363 shares of the company’s stock after purchasing an additional 62 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Molina Healthcare were worth $108,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of MOH. Rothschild Investment LLC grew its holdings in shares of Molina Healthcare by 126.3% during the first quarter. Rothschild Investment LLC now owns 86 shares of the company’s stock worth $28,000 after buying an additional 48 shares in the last quarter. Zions Bancorporation National Association UT bought a new position in shares of Molina Healthcare during the first quarter worth approximately $29,000. Deseret Mutual Benefit Administrators increased its stake in shares of Molina Healthcare by 60.7% during the first quarter. Deseret Mutual Benefit Administrators now owns 90 shares of the company’s stock worth $30,000 after purchasing an additional 34 shares during the period. Elequin Capital LP increased its stake in Molina Healthcare by 170.6% during the 1st quarter. Elequin Capital LP now owns 92 shares of the company’s stock worth $30,000 after acquiring an additional 58 shares during the period. Finally, Silver Oak Securities Incorporated bought a new position in Molina Healthcare during the 1st quarter worth $34,000. 98.50% of the stock is currently owned by institutional investors.

Insider Activity at Molina Healthcare

In other Molina Healthcare news, COO James Woys acquired 10,000 shares of the stock in a transaction that occurred on Monday, August 4th. The shares were purchased at an average cost of $155.94 per share, with a total value of $1,559,400.00. Following the purchase, the chief operating officer owned 74,331 shares in the company, valued at approximately $11,591,176.14. The trade was a 15.54% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Ronna Romney sold 700 shares of the business’s stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $153.74, for a total transaction of $107,618.00. Following the completion of the transaction, the director directly owned 17,131 shares of the company’s stock, valued at approximately $2,633,719.94. This represents a 3.93% decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

MOH has been the topic of a number of research reports. Truist Financial restated a “hold” rating and set a $180.00 price objective (down previously from $335.00) on shares of Molina Healthcare in a research report on Friday, July 25th. Sanford C. Bernstein decreased their target price on Molina Healthcare from $284.00 to $220.00 and set an “outperform” rating for the company in a research report on Friday, September 5th. Cantor Fitzgerald reissued a “neutral” rating and set a $210.00 price objective on shares of Molina Healthcare in a research note on Tuesday, August 26th. Mizuho decreased their price objective on Molina Healthcare from $400.00 to $330.00 and set an “outperform” rating on the stock in a report on Friday, July 11th. Finally, Robert W. Baird cut their price objective on Molina Healthcare from $373.00 to $179.00 and set a “neutral” rating on the stock in a research report on Friday, July 25th. Three equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, Molina Healthcare currently has an average rating of “Hold” and a consensus price target of $225.18.

Molina Healthcare Trading Down 2.6%

NYSE:MOH opened at $175.09 on Friday. Molina Healthcare, Inc has a 12-month low of $151.95 and a 12-month high of $359.97. The stock has a fifty day moving average price of $174.11 and a 200 day moving average price of $262.02. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.77. The firm has a market cap of $9.49 billion, a PE ratio of 8.63 and a beta of 0.54.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings results on Wednesday, July 23rd. The company reported $5.48 earnings per share for the quarter, missing analysts’ consensus estimates of $5.50 by ($0.02). Molina Healthcare had a net margin of 2.60% and a return on equity of 27.72%. The company had revenue of $11.43 billion during the quarter, compared to analysts’ expectations of $10.94 billion. During the same period last year, the firm earned $5.86 earnings per share. Molina Healthcare’s revenue was up 15.7% on a year-over-year basis. Sell-side analysts anticipate that Molina Healthcare, Inc will post 24.4 earnings per share for the current fiscal year.

About Molina Healthcare

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.