Molina Healthcare, Inc. (NYSE:MOH) Shares Purchased by Custom Index Systems LLC

Custom Index Systems LLC grew its stake in shares of Molina Healthcare, Inc. (NYSE:MOH) by 62.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 1,123 shares of the company’s stock after acquiring an additional 433 shares during the period. Custom Index Systems LLC’s holdings in Molina Healthcare were worth $387,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. CWM LLC raised its position in shares of Molina Healthcare by 76.2% during the third quarter. CWM LLC now owns 4,001 shares of the company’s stock worth $1,379,000 after purchasing an additional 1,730 shares during the period. Cetera Investment Advisers raised its holdings in Molina Healthcare by 516.4% during the 1st quarter. Cetera Investment Advisers now owns 10,238 shares of the company’s stock worth $4,206,000 after buying an additional 8,577 shares during the period. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in shares of Molina Healthcare by 69.5% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 11,809 shares of the company’s stock worth $4,851,000 after buying an additional 4,840 shares during the period. BNP Paribas Financial Markets boosted its holdings in shares of Molina Healthcare by 35.6% in the first quarter. BNP Paribas Financial Markets now owns 56,835 shares of the company’s stock worth $23,350,000 after buying an additional 14,920 shares during the period. Finally, ProShare Advisors LLC increased its position in shares of Molina Healthcare by 28.4% in the first quarter. ProShare Advisors LLC now owns 10,352 shares of the company’s stock worth $4,253,000 after acquiring an additional 2,288 shares in the last quarter. 98.50% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. StockNews.com upgraded shares of Molina Healthcare from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Deutsche Bank Aktiengesellschaft decreased their target price on Molina Healthcare from $354.00 to $353.00 and set a “hold” rating for the company in a research report on Monday, July 29th. JPMorgan Chase & Co. dropped their price target on Molina Healthcare from $420.00 to $395.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 10th. Cantor Fitzgerald restated an “overweight” rating and set a $406.00 price objective on shares of Molina Healthcare in a research report on Thursday. Finally, TD Cowen lowered their target price on Molina Healthcare from $412.00 to $351.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $367.00.

Insider Buying and Selling

In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of the company’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $339.21, for a total transaction of $339,210.00. Following the completion of the sale, the director now directly owns 18,025 shares in the company, valued at $6,114,260.25. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Molina Healthcare news, CAO Maurice Hebert sold 393 shares of Molina Healthcare stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $346.52, for a total value of $136,182.36. Following the transaction, the chief accounting officer now directly owns 9,473 shares of the company’s stock, valued at $3,282,583.96. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Steven J. Orlando sold 1,000 shares of the stock in a transaction that occurred on Tuesday, July 30th. The shares were 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 directly owns 18,025 shares of the company’s stock, valued at $6,114,260.25. This 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 Trading Up 0.6 %

Shares of NYSE:MOH opened at $325.54 on Monday. 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 stock has a market capitalization of $19.08 billion, a PE ratio of 17.66, a P/E/G ratio of 0.99 and a beta of 0.58. Molina Healthcare, Inc. has a 1 year low of $272.69 and a 1 year high of $423.92. The firm has a fifty day moving average price of $335.23 and a 200 day moving average price of $329.39.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $6.01 EPS for the quarter, beating the consensus estimate of $5.96 by $0.05. Molina Healthcare had a return on equity of 28.09% and a net margin of 2.84%. The company had revenue of $10.34 billion for the quarter, compared to the consensus estimate of $9.92 billion. During the same quarter last year, the company posted $5.05 earnings per share. The company’s revenue for the quarter was up 21.0% compared to the same quarter last year. Analysts expect that Molina Healthcare, Inc. will post 23.5 EPS for the current fiscal year.

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.