Plato Investment Management Ltd Increases Stock Position in Molina Healthcare, Inc. (NYSE:MOH)

Plato Investment Management Ltd lifted its holdings in Molina Healthcare, Inc. (NYSE:MOH) by 87,050.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,743 shares of the company’s stock after buying an additional 1,741 shares during the quarter. Plato Investment Management Ltd’s holdings in Molina Healthcare were worth $518,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MOH. Private Advisor Group LLC acquired a new stake in shares of Molina Healthcare during the 4th quarter valued at approximately $201,000. Principal Securities Inc. purchased a new stake in Molina Healthcare in the 4th quarter valued at approximately $42,000. Janney Montgomery Scott LLC grew its holdings in Molina Healthcare by 7.5% during the 4th quarter. Janney Montgomery Scott LLC now owns 3,231 shares of the company’s stock valued at $1,168,000 after buying an additional 226 shares during the last quarter. Quadrant Capital Group LLC increased its position in Molina Healthcare by 6.5% during the fourth quarter. Quadrant Capital Group LLC now owns 886 shares of the company’s stock worth $320,000 after buying an additional 54 shares in the last quarter. Finally, Kentucky Retirement Systems raised its holdings in shares of Molina Healthcare by 4.1% in the fourth quarter. Kentucky Retirement Systems now owns 4,665 shares of the company’s stock worth $1,686,000 after acquiring an additional 184 shares during the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.

Molina Healthcare Price Performance

NYSE MOH opened at $358.20 on Monday. The stock has a market capitalization of $20.99 billion, a PE ratio of 19.44, a P/E/G ratio of 1.20 and a beta of 0.57. The stock has a 50-day simple moving average of $329.20 and a 200 day simple moving average of $344.03. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.57 and a current ratio of 1.57. Molina Healthcare, Inc. has a twelve month low of $282.96 and a twelve month high of $423.92.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings data on Wednesday, July 24th. The company reported $5.86 earnings per share (EPS) for the quarter, topping 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%. Molina Healthcare’s quarterly revenue was up 18.7% on a year-over-year basis. During the same quarter last year, the company posted $5.65 earnings per share. Research analysts anticipate that Molina Healthcare, Inc. will post 23.5 EPS for the current year.

Insider Activity

In related news, CAO Maurice Hebert sold 393 shares of Molina Healthcare 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 sale, the chief accounting officer now directly owns 9,473 shares of the company’s stock, valued at $3,282,583.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, Director Steven J. Orlando sold 1,000 shares of the company’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 sale, the director now directly owns 18,025 shares in the company, valued at approximately $6,114,260.25. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Maurice Hebert sold 393 shares of the firm’s 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 owns 9,473 shares of the company’s stock, valued at approximately $3,282,583.96. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on MOH shares. Jefferies Financial Group reduced their price objective on shares of Molina Healthcare from $354.00 to $297.00 and set a “hold” rating on the stock in a research note on Wednesday, July 24th. 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 note on Monday, July 15th. JPMorgan Chase & Co. lowered their price objective on Molina Healthcare from $420.00 to $395.00 and set an “overweight” rating for the company in a research note on Wednesday, July 10th. Wells Fargo & Company boosted their target price on shares of Molina Healthcare from $315.00 to $360.00 and gave the stock an “equal weight” rating in a research report on Monday, August 5th. Finally, Stephens reiterated an “equal weight” rating and issued a $320.00 price target on shares of Molina Healthcare in a report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Molina Healthcare has a consensus rating of “Moderate Buy” and a consensus 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.