WBI Investments LLC Acquires New Position in Molina Healthcare, Inc. (NYSE:MOH)

WBI Investments LLC bought a new stake in Molina Healthcare, Inc. (NYSE:MOH) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,512 shares of the company’s stock, valued at approximately $621,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Team Hewins LLC acquired a new stake in shares of Molina Healthcare in the first quarter worth $204,000. Mediolanum International Funds Ltd acquired a new stake in shares of Molina Healthcare in the first quarter worth $9,911,000. BI Asset Management Fondsmaeglerselskab A S lifted its stake 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 last quarter. Quent Capital LLC lifted its stake in shares of Molina Healthcare by 6.8% in the first quarter. Quent Capital LLC now owns 489 shares of the company’s stock worth $201,000 after buying an additional 31 shares during the last quarter. Finally, Nordea Investment Management AB lifted its stake in shares of Molina Healthcare by 44.0% in the first quarter. Nordea Investment Management AB now owns 26,244 shares of the company’s stock worth $10,852,000 after buying an additional 8,025 shares during the last quarter. 98.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Ronna Romney sold 250 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $343.27, for a total value of $85,817.50. Following the completion of the sale, the director now owns 16,945 shares of the company’s stock, valued at $5,816,710.15. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Molina Healthcare news, COO James Woys sold 10,000 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $345.15, for a total transaction of $3,451,500.00. Following the completion of the sale, the chief operating officer now 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 is accessible through the SEC website. Also, Director Ronna Romney sold 250 shares of the stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $343.27, for a total value of $85,817.50. Following the transaction, the director now owns 16,945 shares in the company, valued at $5,816,710.15. The disclosure for this sale can be found here. 1.11% of the stock is currently owned by company insiders.

Molina Healthcare Stock Up 0.2 %

Shares of MOH traded up $0.59 during mid-day trading on Thursday, hitting $287.54. 263,737 shares of the company’s stock were exchanged, compared to its average volume of 436,627. The company has a market cap of $16.85 billion, a PE ratio of 15.71, a P/E/G ratio of 0.90 and a beta of 0.58. Molina Healthcare, Inc. has a 52 week low of $284.34 and a 52 week high of $423.92. The company has a 50-day simple moving average of $318.71 and a 200 day simple moving average of $359.05. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.49 and a quick ratio of 1.49.

Molina Healthcare (NYSE:MOH) last released its earnings results on Wednesday, April 24th. The company reported $5.73 earnings per share for the quarter, beating the consensus estimate of $5.46 by $0.27. Molina Healthcare had a net margin of 2.99% and a return on equity of 29.86%. The business had revenue of $9.93 billion during the quarter, compared to analysts’ expectations of $9.45 billion. During the same period last year, the business earned $5.81 earnings per share. The firm’s revenue was up 21.9% on a year-over-year basis. On average, research analysts forecast that Molina Healthcare, Inc. will post 23.56 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Baird R W upgraded shares of Molina Healthcare to a “strong-buy” rating in a research note on Thursday, May 30th. Stephens reiterated an “equal weight” rating and set a $390.00 target price on shares of Molina Healthcare in a research note on Thursday, April 25th. Robert W. Baird assumed coverage on shares of Molina Healthcare in a research note on Thursday, May 30th. They set an “outperform” rating and a $405.00 target price for the company. Bank of America cut shares of Molina Healthcare from a “neutral” rating to an “underperform” rating and set a $439.00 target price for the company. in a research note on Thursday, March 28th. Finally, JPMorgan Chase & Co. cut their target price on shares of Molina Healthcare from $420.00 to $395.00 and set an “overweight” rating for the company in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $405.18.

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.