Exchange Traded Concepts LLC Has $1.14 Million Holdings in Molina Healthcare, Inc $MOH

Exchange Traded Concepts LLC lifted its holdings in Molina Healthcare, Inc (NYSE:MOH) by 8.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,810 shares of the company’s stock after purchasing an additional 311 shares during the period. Exchange Traded Concepts LLC’s holdings in Molina Healthcare were worth $1,135,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of MOH. Vise Technologies Inc. lifted its stake in shares of Molina Healthcare by 43.8% in the 4th quarter. Vise Technologies Inc. now owns 959 shares of the company’s stock valued at $279,000 after purchasing an additional 292 shares during the last quarter. GTS Securities LLC lifted its stake in shares of Molina Healthcare by 931.0% in the 4th quarter. GTS Securities LLC now owns 1,072 shares of the company’s stock valued at $312,000 after purchasing an additional 1,201 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Molina Healthcare in the 4th quarter valued at $5,668,000. GF Fund Management CO. LTD. acquired a new stake in shares of Molina Healthcare in the 4th quarter valued at $423,000. Finally, Forum Financial Management LP lifted its stake in shares of Molina Healthcare by 12.4% in the 4th quarter. Forum Financial Management LP now owns 986 shares of the company’s stock valued at $287,000 after purchasing an additional 109 shares during the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.

Insider Buying and Selling

In other news, COO James Woys bought 10,000 shares of the business’s stock in a transaction dated Monday, August 4th. The stock was bought at an average price of $155.94 per share, for a total transaction of $1,559,400.00. Following the completion of the purchase, the chief operating officer owned 74,331 shares of the company’s stock, valued at approximately $11,591,176.14. The trade was a 15.54% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ronna Romney sold 700 shares of Molina Healthcare 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 owned 17,131 shares of the company’s stock, valued at $2,633,719.94. This trade represents a 3.93% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.26% of the company’s stock.

Molina Healthcare Stock Performance

NYSE MOH opened at $182.15 on Tuesday. The stock has a market cap of $9.87 billion, a P/E ratio of 8.98 and a beta of 0.54. The company’s 50-day simple moving average is $173.38 and its 200 day simple moving average is $260.22. Molina Healthcare, Inc has a twelve month low of $151.95 and a twelve month high of $359.97. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.77.

Molina Healthcare (NYSE:MOH) last posted its 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). The business had revenue of $11.43 billion during the quarter, compared to the consensus estimate of $10.94 billion. Molina Healthcare had a net margin of 2.60% and a return on equity of 27.72%. The business’s revenue was up 15.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $5.86 EPS. As a group, research analysts forecast that Molina Healthcare, Inc will post 24.4 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on MOH. Sanford C. Bernstein dropped their target price on shares of Molina Healthcare from $284.00 to $220.00 and set an “outperform” rating on the stock in a report on Friday, September 5th. JPMorgan Chase & Co. dropped their target price on shares of Molina Healthcare from $272.00 to $184.00 and set a “neutral” rating on the stock in a report on Tuesday, July 29th. Wall Street Zen downgraded shares of Molina Healthcare from a “buy” rating to a “hold” rating in a report on Sunday, June 29th. Barclays dropped their target price on shares of Molina Healthcare from $186.00 to $185.00 and set an “equal weight” rating on the stock in a report on Thursday, September 4th. Finally, Morgan Stanley downgraded shares of Molina Healthcare from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $364.00 to $266.00 in a report on Thursday, July 10th. Three research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, Molina Healthcare has a consensus rating of “Hold” and an average price target of $225.18.

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.