Bellevue Group AG Buys 8,407 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Bellevue Group AG raised its stake in Molina Healthcare, Inc. (NYSE:MOH) by 9.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 99,883 shares of the company’s stock after acquiring an additional 8,407 shares during the quarter. Bellevue Group AG owned approximately 0.17% of Molina Healthcare worth $41,035,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Mutual Advisors LLC increased its stake in shares of Molina Healthcare by 13.4% in the fourth quarter. Mutual Advisors LLC now owns 1,732 shares of the company’s stock valued at $626,000 after buying an additional 205 shares during the period. Ritholtz Wealth Management increased its position in Molina Healthcare by 2.1% during the 4th quarter. Ritholtz Wealth Management now owns 1,620 shares of the company’s stock valued at $585,000 after purchasing an additional 33 shares during the period. McGlone Suttner Wealth Management Inc. acquired a new stake in Molina Healthcare during the 4th quarter valued at approximately $128,000. State of Alaska Department of Revenue increased its position in Molina Healthcare by 3.1% during the 4th quarter. State of Alaska Department of Revenue now owns 25,316 shares of the company’s stock valued at $9,145,000 after purchasing an additional 770 shares during the period. Finally, Quent Capital LLC increased its position in Molina Healthcare by 25.1% during the 4th quarter. Quent Capital LLC now owns 458 shares of the company’s stock valued at $165,000 after purchasing an additional 92 shares during the period. Institutional investors own 98.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Truist Financial decreased their target price on shares of Molina Healthcare from $440.00 to $400.00 and set a “buy” rating for the company in a research report on Monday, July 15th. Robert W. Baird started coverage on shares of Molina Healthcare in a research report on Thursday, May 30th. They set an “outperform” rating and a $405.00 price objective for the company. JPMorgan Chase & Co. reduced their price objective on shares of Molina Healthcare from $420.00 to $395.00 and set an “overweight” rating for the company in a research report on Wednesday, July 10th. Baird R W raised shares of Molina Healthcare to a “strong-buy” rating in a research report on Thursday, May 30th. Finally, Stephens reaffirmed an “equal weight” rating and set a $320.00 price objective on shares of Molina Healthcare in a research report on Thursday. One research analyst has rated the stock with a sell rating, five have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $376.18.

Molina Healthcare Stock Performance

Shares of Molina Healthcare stock traded up $11.19 during trading hours on Friday, hitting $335.36. 1,251,147 shares of the company’s stock traded hands, compared to its average volume of 770,644. Molina Healthcare, Inc. has a 12-month low of $282.96 and a 12-month high of $423.92. The stock has a market capitalization of $19.65 billion, a price-to-earnings ratio of 18.20, a PEG ratio of 1.05 and a beta of 0.58. The company has a fifty day simple moving average of $306.95 and a 200-day simple moving average of $352.98. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.57 and a quick ratio of 1.49.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings data on Wednesday, July 24th. The company reported $5.86 earnings per share for the quarter, topping the consensus estimate of $5.73 by $0.13. Molina Healthcare had a return on equity of 28.09% and a net margin of 2.84%. The company had revenue of $9.88 billion during the quarter, compared to analyst estimates of $9.75 billion. During the same quarter last year, the firm posted $5.65 EPS. The firm’s revenue for the quarter was up 18.7% on a year-over-year basis. Equities research analysts anticipate that Molina Healthcare, Inc. will post 23.16 EPS for the current fiscal year.

Insider Buying and Selling

In other Molina Healthcare news, Director Ronna Romney sold 250 shares of Molina Healthcare stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $343.27, for a total transaction of $85,817.50. Following the completion of the transaction, the director now owns 16,945 shares of the company’s stock, valued at approximately $5,816,710.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Molina Healthcare news, Director Ronna Romney sold 250 shares of Molina Healthcare stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $343.27, for a total transaction of $85,817.50. Following the completion of the transaction, the director now owns 16,945 shares of the company’s stock, valued at approximately $5,816,710.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO James Woys sold 10,000 shares of Molina Healthcare stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $345.15, for a total value of $3,451,500.00. Following the sale, the chief operating officer now owns 53,613 shares of the company’s stock, valued at approximately $18,504,526.95. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.

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.