Seven Eight Capital LP Purchases New Shares in Molina Healthcare, Inc. (NYSE:MOH)

Seven Eight Capital LP bought a new stake in Molina Healthcare, Inc. (NYSE:MOH) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,255 shares of the company’s stock, valued at approximately $516,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. McIlrath & Eck LLC purchased a new stake in shares of Molina Healthcare in the fourth quarter valued at $34,000. Principal Securities Inc. purchased a new position in Molina Healthcare in the 4th quarter worth about $42,000. Householder Group Estate & Retirement Specialist LLC increased its stake in Molina Healthcare by 3,933.3% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 121 shares of the company’s stock worth $43,000 after buying an additional 118 shares during the period. Friedenthal Financial purchased a new position in Molina Healthcare in the 4th quarter worth about $43,000. Finally, Allworth Financial LP increased its stake in Molina Healthcare by 80.0% in the 4th quarter. Allworth Financial LP now owns 135 shares of the company’s stock worth $49,000 after buying an additional 60 shares during the period. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Insider Activity

In other news, Director Ronna Romney sold 250 shares of the firm’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 sale, the director now directly owns 16,945 shares in the company, valued at approximately $5,816,710.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related 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 value of $3,451,500.00. Following the completion of the transaction, the chief operating officer now directly owns 53,613 shares of the company’s stock, valued at approximately $18,504,526.95. The sale 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 firm’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $343.27, for a total transaction of $85,817.50. Following the transaction, the director now directly owns 16,945 shares of the company’s stock, valued at $5,816,710.15. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

Molina Healthcare Stock Up 0.6 %

Shares of NYSE:MOH traded up $1.82 during trading on Wednesday, reaching $288.72. The stock had a trading volume of 1,222,364 shares, compared to its average volume of 462,016. Molina Healthcare, Inc. has a one year low of $282.96 and a one year high of $423.92. The company has a market capitalization of $16.92 billion, a P/E ratio of 15.73, a PEG ratio of 0.89 and a beta of 0.58. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.53. The firm’s 50-day simple moving average is $308.75 and its 200 day simple moving average is $354.31.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings results on Wednesday, April 24th. The company reported $5.73 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $9.45 billion. During the same period last year, the business earned $5.81 EPS. The company’s revenue was up 21.9% compared to the same quarter last year. As a group, research analysts expect that Molina Healthcare, Inc. will post 23.56 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MOH has been the topic of several recent analyst reports. JPMorgan Chase & Co. reduced their price target on shares of Molina Healthcare from $420.00 to $395.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 10th. Barclays reduced their price target on shares of Molina Healthcare from $437.00 to $430.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 25th. Robert W. Baird started coverage on shares of Molina Healthcare in a report on Thursday, May 30th. They set an “outperform” rating and a $405.00 target price on the stock. Baird R W upgraded shares of Molina Healthcare to a “strong-buy” rating in a report on Thursday, May 30th. Finally, Jefferies Financial Group dropped their target price on shares of Molina Healthcare from $354.00 to $297.00 and set a “hold” rating on the stock in a report on Wednesday. One analyst has rated the stock with a sell rating, five have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $382.55.

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.