AlphaMark Advisors LLC Has $1.05 Million Stock Holdings in Molina Healthcare, Inc. (NYSE:MOH)

AlphaMark Advisors LLC increased its position in Molina Healthcare, Inc. (NYSE:MOH) by 1.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,543 shares of the company’s stock after buying an additional 40 shares during the period. AlphaMark Advisors LLC’s holdings in Molina Healthcare were worth $1,053,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of MOH. Cetera Investment Advisers increased its position in shares of Molina Healthcare by 516.4% during the first quarter. Cetera Investment Advisers now owns 10,238 shares of the company’s stock valued at $4,206,000 after buying an additional 8,577 shares during the period. BlackBarn Capital Partners LP bought a new position in shares of Molina Healthcare in the 4th quarter worth approximately $15,139,000. BI Asset Management Fondsmaeglerselskab A S lifted its stake in shares of Molina Healthcare by 69.5% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 11,809 shares of the company’s stock valued at $4,851,000 after purchasing an additional 4,840 shares during the period. Overbrook Management Corp boosted its position in shares of Molina Healthcare by 1.1% during the fourth quarter. Overbrook Management Corp now owns 36,908 shares of the company’s stock valued at $13,335,000 after purchasing an additional 391 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its position in shares of Molina Healthcare by 76.4% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 27,301 shares of the company’s stock valued at $9,864,000 after purchasing an additional 11,820 shares in the last quarter. Institutional investors own 98.50% of the company’s stock.

Insider Transactions at Molina Healthcare

In other news, COO James Woys sold 10,000 shares of the company’s stock in a transaction on 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 directly owns 53,613 shares of the company’s stock, valued at approximately $18,504,526.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, COO James Woys sold 10,000 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $345.15, for a total transaction of $3,451,500.00. Following the transaction, the chief operating officer now owns 53,613 shares in the company, valued at approximately $18,504,526.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Steven J. Orlando sold 1,000 shares of Molina Healthcare 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 owns 18,025 shares in the company, valued at approximately $6,114,260.25. The disclosure for this sale can be found here. Insiders have sold a total of 11,250 shares of company stock valued at $3,876,528 in the last 90 days. Insiders own 1.10% of the company’s stock.

Molina Healthcare Price Performance

Shares of Molina Healthcare stock traded up $6.72 on Thursday, hitting $345.94. 400,193 shares of the company traded hands, compared to its average volume of 497,465. Molina Healthcare, Inc. has a 52 week low of $282.96 and a 52 week high of $423.92. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.57 and a current ratio of 1.57. The business has a 50-day simple moving average of $311.21 and a 200 day simple moving average of $350.27. The stock has a market capitalization of $20.27 billion, a P/E ratio of 18.77, a price-to-earnings-growth ratio of 1.20 and a beta of 0.58.

Molina Healthcare (NYSE:MOH) last announced its earnings results on Wednesday, July 24th. The company reported $5.86 earnings per share for the quarter, beating the consensus estimate of $5.73 by $0.13. The business had revenue of $9.88 billion for the quarter, compared to the consensus estimate of $9.75 billion. Molina Healthcare had a net margin of 2.84% and a return on equity of 28.09%. The business’s revenue for the quarter was up 18.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $5.65 earnings per share. Research analysts expect that Molina Healthcare, Inc. will post 23.5 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on MOH shares. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Molina Healthcare from $354.00 to $353.00 and set a “hold” rating for the company in a research report on Monday, July 29th. Truist Financial cut their price target on shares of Molina Healthcare from $440.00 to $400.00 and set a “buy” rating on the stock in a report on Monday, July 15th. Robert W. Baird started coverage on shares of Molina Healthcare in a report on Thursday, May 30th. They issued an “outperform” rating and a $405.00 price objective for the company. Jefferies Financial Group reduced their target price on Molina Healthcare from $354.00 to $297.00 and set a “hold” rating for the company in a report on Wednesday, July 24th. Finally, TD Cowen lowered their price target on Molina Healthcare from $412.00 to $351.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $378.00.

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.