UniSuper Management Pty Ltd Acquires 2,466 Shares of Molina Healthcare, Inc. (NYSE:MOH)

UniSuper Management Pty Ltd raised its holdings in Molina Healthcare, Inc. (NYSE:MOH) by 425.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,046 shares of the company’s stock after buying an additional 2,466 shares during the period. UniSuper Management Pty Ltd’s holdings in Molina Healthcare were worth $1,251,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in MOH. Vanguard Group Inc. raised its holdings in shares of Molina Healthcare by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 6,585,954 shares of the company’s stock valued at $2,379,571,000 after purchasing an additional 23,715 shares during the last quarter. Capital World Investors raised its holdings in shares of Molina Healthcare by 0.3% in the fourth quarter. Capital World Investors now owns 5,490,147 shares of the company’s stock valued at $1,983,645,000 after purchasing an additional 14,775 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Molina Healthcare by 12.8% in the fourth quarter. Wellington Management Group LLP now owns 3,831,100 shares of the company’s stock valued at $1,384,215,000 after purchasing an additional 436,060 shares during the last quarter. Capital Research Global Investors raised its holdings in shares of Molina Healthcare by 5.4% in the fourth quarter. Capital Research Global Investors now owns 2,430,283 shares of the company’s stock valued at $878,086,000 after purchasing an additional 123,894 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Molina Healthcare in the fourth quarter valued at about $275,143,000. 98.50% of the stock is owned by institutional investors.

Insider Transactions at Molina Healthcare

In other news, COO James Woys sold 10,000 shares of the firm’s 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 in the company, valued at $18,504,526.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, COO James Woys sold 10,000 shares of the firm’s 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 in the company, valued at $18,504,526.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ronna Romney sold 250 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were 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 $5,816,710.15. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Barclays lowered their target price on shares of Molina Healthcare from $437.00 to $430.00 and set an “equal weight” rating for the company in a report on Thursday, April 25th. Cantor Fitzgerald restated an “overweight” rating and set a $406.00 price objective on shares of Molina Healthcare in a report on Tuesday. Baird R W upgraded shares of Molina Healthcare to a “strong-buy” rating in a report on Thursday, May 30th. TD Cowen decreased their price objective on shares of Molina Healthcare from $453.00 to $412.00 and set a “buy” rating for the company in a report on Tuesday, April 30th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Molina Healthcare from $420.00 to $395.00 and set an “overweight” rating for the company in a report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Molina Healthcare has an average rating of “Moderate Buy” and an average price target of $397.20.

Molina Healthcare Stock Performance

Shares of MOH traded down $2.78 during trading hours on Tuesday, hitting $286.82. The company’s stock had a trading volume of 622,454 shares, compared to its average volume of 456,585. The company has a market cap of $16.81 billion, a price-to-earnings ratio of 15.57, a PEG ratio of 0.88 and a beta of 0.58. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.49 and a quick ratio of 1.49. The business has a 50 day simple moving average of $310.01 and a two-hundred day simple moving average of $354.96. Molina Healthcare, Inc. has a 52-week low of $282.96 and a 52-week high of $423.92.

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

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.