UMB Bank n.a. Has $95,000 Position in Molina Healthcare, Inc $MOH

UMB Bank n.a. grew its holdings in Molina Healthcare, Inc (NYSE:MOH) by 58.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 319 shares of the company’s stock after purchasing an additional 118 shares during the quarter. UMB Bank n.a.’s holdings in Molina Healthcare were worth $95,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Rothschild Investment LLC boosted its holdings in shares of Molina Healthcare by 126.3% during the 1st 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 acquired a new position in shares of Molina Healthcare during the 1st quarter valued at $29,000. Deseret Mutual Benefit Administrators boosted its stake in 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 acquiring an additional 34 shares in the last quarter. Elequin Capital LP grew its holdings in Molina Healthcare by 170.6% in the first quarter. Elequin Capital LP now owns 92 shares of the company’s stock worth $30,000 after purchasing an additional 58 shares during the period. Finally, Silver Oak Securities Incorporated bought a new stake in Molina Healthcare in the first quarter valued at $34,000. Institutional investors own 98.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. cut their price objective on shares of Molina Healthcare from $272.00 to $184.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 29th. Sanford C. Bernstein cut their price target on Molina Healthcare from $284.00 to $220.00 and set an “outperform” rating on the stock in a report on Friday, September 5th. Wall Street Zen cut Molina Healthcare from a “buy” rating to a “hold” rating in a research note on Sunday, June 29th. Barclays lowered their target price on Molina Healthcare from $186.00 to $185.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 4th. Finally, Robert W. Baird reduced their price target on shares of Molina Healthcare from $373.00 to $179.00 and set a “neutral” rating for the company 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 company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $225.18.

Molina Healthcare Stock Up 4.6%

MOH stock opened at $190.88 on Thursday. The firm has a market capitalization of $10.35 billion, a PE ratio of 9.41 and a beta of 0.54. 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, Inc has a twelve month low of $151.95 and a twelve month high of $359.97. The stock’s 50 day moving average is $172.24 and its 200-day moving average is $259.21.

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

Insider Transactions at Molina Healthcare

In related news, Director Ronna Romney sold 700 shares of the business’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $153.74, for a total transaction of $107,618.00. Following the transaction, the director directly owned 17,131 shares in the company, valued at approximately $2,633,719.94. The trade was a 3.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO James Woys acquired 10,000 shares of the firm’s stock in a transaction on Monday, August 4th. The stock was purchased at an average price 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 position. The disclosure for this purchase can be found here. 1.10% of the stock is owned by company insiders.

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.