US Bancorp DE Purchases 571 Shares of Molina Healthcare, Inc $MOH

US Bancorp DE increased its position in Molina Healthcare, Inc (NYSE:MOH) by 24.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,899 shares of the company’s stock after acquiring an additional 571 shares during the quarter. US Bancorp DE’s holdings in Molina Healthcare were worth $864,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Teacher Retirement System of Texas bought a new position in shares of Molina Healthcare in the first quarter valued at approximately $2,759,000. Swedbank AB raised its stake in Molina Healthcare by 6.8% in the second quarter. Swedbank AB now owns 102,176 shares of the company’s stock valued at $30,438,000 after purchasing an additional 6,484 shares in the last quarter. Acadian Asset Management LLC raised 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. purchased a new stake in Molina Healthcare in the first quarter valued at approximately $1,070,000. Finally, Focus Partners Advisor Solutions LLC purchased a new stake in Molina Healthcare in the first quarter valued at approximately $743,000. 98.50% of the stock is currently owned by institutional investors.

Molina Healthcare Trading Up 2.1%

Shares of MOH opened at $192.47 on Friday. The firm has a market cap of $10.43 billion, a price-to-earnings ratio of 9.49 and a beta of 0.55. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.66 and a current ratio of 1.66. Molina Healthcare, Inc has a fifty-two week low of $151.95 and a fifty-two week high of $359.97. The firm has a 50 day moving average price of $181.93 and a 200-day moving average price of $244.17.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings data 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 return on equity of 27.72% and a net margin of 2.60%.The company’s revenue was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.86 earnings per share. As a group, equities research analysts forecast that Molina Healthcare, Inc will post 24.4 earnings per share for the current year.

Insider Buying and Selling at Molina Healthcare

In other news, COO James Woys bought 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 4th. The shares were bought at an average cost of $155.94 per share, with a total value of $1,559,400.00. Following the completion of the purchase, the chief operating officer directly owned 74,331 shares in the company, valued at $11,591,176.14. This represents a 15.54% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, Director Ronna Romney sold 700 shares of Molina Healthcare stock in a transaction on Wednesday, August 6th. The stock was 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 in the company, valued at approximately $2,633,719.94. The trade was 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 insiders.

Analysts Set New Price Targets

MOH has been the topic of a number of recent analyst reports. Morgan Stanley raised their target price on shares of Molina Healthcare from $163.00 to $204.00 and gave the company an “equal weight” rating in a research note on Tuesday. UBS Group lowered their target price on shares of Molina Healthcare from $260.00 to $180.00 and set a “neutral” rating on the stock in a research note on Friday, July 25th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $210.00 target price on shares of Molina Healthcare in a research note on Tuesday, August 26th. Wall Street Zen downgraded shares of Molina Healthcare from a “buy” rating to a “hold” rating in a research note on Sunday, June 29th. Finally, Sanford C. Bernstein lowered their target price on shares of Molina Healthcare from $284.00 to $220.00 and set an “outperform” rating on the stock in a research note on Friday, September 5th. Three investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $222.15.

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.