Farther Finance Advisors LLC Has $148,000 Stock Holdings in Molina Healthcare, Inc $MOH

Farther Finance Advisors LLC decreased its position in shares of Molina Healthcare, Inc (NYSE:MOH) by 24.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 497 shares of the company’s stock after selling 162 shares during the period. Farther Finance Advisors LLC’s holdings in Molina Healthcare were worth $148,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in MOH. Teacher Retirement System of Texas acquired a new stake in Molina Healthcare in the first quarter valued at approximately $2,759,000. Swedbank AB raised its stake in Molina Healthcare by 6.8% during the second quarter. Swedbank AB now owns 102,176 shares of the company’s stock worth $30,438,000 after buying an additional 6,484 shares during the last quarter. Acadian Asset Management LLC increased its stake in Molina Healthcare by 3,192.6% in the first quarter. Acadian Asset Management LLC now owns 5,762 shares of the company’s stock valued at $1,897,000 after purchasing an additional 5,587 shares in the last quarter. Robeco Institutional Asset Management B.V. bought a new stake in Molina Healthcare in the first quarter valued at $1,070,000. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of Molina Healthcare by 82.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 15,635 shares of the company’s stock valued at $5,150,000 after buying an additional 7,051 shares during the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.

Molina Healthcare Stock Performance

Molina Healthcare stock opened at $194.32 on Friday. The firm’s 50 day simple moving average is $173.46 and its 200 day simple moving average is $254.00. 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 capitalization of $10.53 billion, a PE ratio of 9.58 and a beta of 0.55. Molina Healthcare, Inc has a 1-year low of $151.95 and a 1-year high of $359.97.

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). Molina Healthcare had a return on equity of 27.72% and a net margin of 2.60%.The firm had revenue of $11.43 billion for the quarter, compared to the consensus estimate of $10.94 billion. During the same period last year, the company posted $5.86 EPS. The business’s revenue was up 15.7% on a year-over-year basis. As a group, analysts expect that Molina Healthcare, Inc will post 24.4 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Wells Fargo & Company cut their price target on shares of Molina Healthcare from $216.00 to $198.00 and set an “overweight” rating on the stock in a report on Friday, August 15th. UBS Group cut their price target on shares of Molina Healthcare from $260.00 to $180.00 and set a “neutral” rating on the stock in a report on Friday, July 25th. Wall Street Zen cut shares of Molina Healthcare from a “buy” rating to a “hold” rating in a report on Sunday, June 29th. JPMorgan Chase & Co. cut their price target 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. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $210.00 price target on shares of Molina Healthcare in a report on Tuesday, August 26th. Three research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $225.18.

Insider Activity

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

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.