Molina Healthcare, Inc. (NYSE:MOH) Shares Bought by Tobam

Tobam lifted its stake in shares of Molina Healthcare, Inc. (NYSE:MOH) by 51.3% during the third quarter, Holdings Channel.com reports. The fund owned 1,507 shares of the company’s stock after purchasing an additional 511 shares during the period. Tobam’s holdings in Molina Healthcare were worth $519,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quent Capital LLC grew its stake in shares of Molina Healthcare by 6.8% in the 1st quarter. Quent Capital LLC now owns 489 shares of the company’s stock worth $201,000 after purchasing an additional 31 shares during the last quarter. Custom Index Systems LLC increased its holdings in shares of Molina Healthcare by 5.0% in the second quarter. Custom Index Systems LLC now owns 690 shares of the company’s stock valued at $205,000 after buying an additional 33 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Molina Healthcare by 11.5% during the 1st quarter. GAMMA Investing LLC now owns 330 shares of the company’s stock valued at $136,000 after acquiring an additional 34 shares during the last quarter. AlphaMark Advisors LLC boosted its stake in shares of Molina Healthcare by 1.1% during the 2nd quarter. AlphaMark Advisors LLC now owns 3,543 shares of the company’s stock worth $1,053,000 after acquiring an additional 40 shares in the last quarter. Finally, Argent Capital Management LLC grew its holdings in shares of Molina Healthcare by 0.7% in the 1st quarter. Argent Capital Management LLC now owns 8,425 shares of the company’s stock worth $3,461,000 after acquiring an additional 57 shares during the last quarter. Institutional investors own 98.50% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Maurice Hebert sold 393 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $346.52, for a total transaction of $136,182.36. Following the transaction, the chief accounting officer now owns 9,473 shares in the company, valued at approximately $3,282,583.96. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CAO Maurice Hebert sold 393 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $346.52, for a total transaction of $136,182.36. Following the transaction, the chief accounting officer now owns 9,473 shares of the company’s stock, valued at approximately $3,282,583.96. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Steven J. Orlando sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $339.21, for a total value of $339,210.00. Following the completion of the sale, the director now owns 18,025 shares of the company’s stock, valued at approximately $6,114,260.25. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

Molina Healthcare Price Performance

Shares of NYSE:MOH opened at $325.51 on Friday. The firm has a market cap of $19.07 billion, a price-to-earnings ratio of 17.84, a P/E/G ratio of 1.15 and a beta of 0.58. Molina Healthcare, Inc. has a 1 year low of $282.96 and a 1 year high of $423.92. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.49. The business has a fifty day simple moving average of $342.46 and a 200 day simple moving average of $336.82.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $5.86 earnings per share for the quarter, topping analysts’ consensus estimates of $5.73 by $0.13. The company had revenue of $9.88 billion during the quarter, compared to the consensus estimate of $9.75 billion. Molina Healthcare had a return on equity of 28.09% and a net margin of 2.84%. The business’s quarterly revenue was up 18.7% on a year-over-year basis. During the same period last year, the business earned $5.65 EPS. As a group, sell-side analysts predict that Molina Healthcare, Inc. will post 23.5 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MOH has been the subject of several analyst reports. JPMorgan Chase & Co. reduced their target price on Molina Healthcare from $420.00 to $395.00 and set an “overweight” rating for the company in a report on Wednesday, July 10th. StockNews.com downgraded shares of Molina Healthcare from a “buy” rating to a “hold” rating in a research report on Wednesday, September 18th. Cantor Fitzgerald restated an “overweight” rating and issued a $406.00 price target on shares of Molina Healthcare in a research report on Tuesday, October 1st. Wells Fargo & Company raised their price objective on shares of Molina Healthcare from $315.00 to $360.00 and gave the stock an “equal weight” rating in a research note on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Molina Healthcare from $354.00 to $353.00 and set a “hold” rating on the stock in a research note on Monday, July 29th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $378.00.

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.