Inspire Investing LLC grew its holdings in shares of Molina Healthcare, Inc (NYSE:MOH – Free Report) by 34.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,795 shares of the company’s stock after buying an additional 2,260 shares during the quarter. Inspire Investing LLC’s holdings in Molina Healthcare were worth $1,172,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the business. Torren Management LLC bought a new stake in shares of Molina Healthcare in the 4th quarter worth about $26,000. Miller Global Investments LLC bought a new position in Molina Healthcare during the 4th quarter valued at about $27,000. Cromwell Holdings LLC raised its position in Molina Healthcare by 211.9% in the 4th quarter. Cromwell Holdings LLC now owns 184 shares of the company’s stock worth $32,000 after purchasing an additional 125 shares during the period. Quarry LP purchased a new stake in Molina Healthcare in the 4th quarter worth about $32,000. Finally, Triumph Capital Management lifted its stake in Molina Healthcare by 4,625.0% in the fourth quarter. Triumph Capital Management now owns 189 shares of the company’s stock worth $33,000 after purchasing an additional 185 shares during the last quarter. Institutional investors own 98.50% of the company’s stock.
Molina Healthcare Trading Up 1.8%
Shares of NYSE MOH opened at $232.76 on Thursday. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.63 and a quick ratio of 1.63. The stock has a market capitalization of $12.13 billion, a P/E ratio of 68.86 and a beta of 0.74. Molina Healthcare, Inc has a 1-year low of $121.06 and a 1-year high of $268.15. The business has a fifty day moving average price of $191.30 and a 200 day moving average price of $169.87.
Analyst Ratings Changes
A number of research firms recently issued reports on MOH. Robert W. Baird boosted their price objective on Molina Healthcare from $124.00 to $163.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Zacks Research upgraded Molina Healthcare from a “strong sell” rating to a “hold” rating in a research note on Monday, April 20th. Barclays lifted their target price on Molina Healthcare from $161.00 to $199.00 and gave the stock an “underweight” rating in a research report on Tuesday, May 26th. Cantor Fitzgerald raised their price target on shares of Molina Healthcare from $144.00 to $209.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $129.00 price objective on shares of Molina Healthcare in a report on Friday, April 24th. Three analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $184.81.
View Our Latest Stock Analysis on MOH
Insiders Place Their Bets
In related news, insider Jeff D. Barlow sold 17,811 shares of the company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $186.12, for a total value of $3,314,983.32. Following the transaction, the insider directly owned 67,175 shares of the company’s stock, valued at $12,502,611. This represents a 20.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Maurice Hebert sold 600 shares of the stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $191.55, for a total value of $114,930.00. Following the completion of the transaction, the chief accounting officer directly owned 12,815 shares in the company, valued at $2,454,713.25. This represents a 4.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.44% of the stock is owned by insiders.
Molina Healthcare Company Profile
Molina Healthcare, Inc is a managed care company specializing in government-sponsored health insurance programs. The company offers Medicaid managed care plans, Medicare Advantage and prescription drug plans, and individual Marketplace plans under the Affordable Care Act. Through an integrated care model, Molina emphasizes preventive and primary care services, care coordination, and disease management to improve health outcomes for its members.
The company traces its roots to the early 1980s, when Dr.
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