Maverick Capital Ltd. Buys Shares of 645,768 Molina Healthcare, Inc $MOH

Maverick Capital Ltd. purchased a new stake in shares of Molina Healthcare, Inc (NYSE:MOH) during the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 645,768 shares of the company’s stock, valued at approximately $86,081,000.

A number of other hedge funds have also recently modified their holdings of MOH. Torren Management LLC acquired a new position in Molina Healthcare in the 4th quarter valued at about $26,000. Physician Wealth Advisors Inc. increased its holdings in shares of Molina Healthcare by 1,250.0% during the 1st quarter. Physician Wealth Advisors Inc. now owns 216 shares of the company’s stock worth $29,000 after buying an additional 200 shares during the last quarter. Cromwell Holdings LLC increased its holdings in shares of Molina Healthcare by 211.9% during the 4th quarter. Cromwell Holdings LLC now owns 184 shares of the company’s stock worth $32,000 after buying an additional 125 shares during the last quarter. Quarry LP purchased a new stake in shares of Molina Healthcare during the 4th quarter valued at approximately $32,000. Finally, Triumph Capital Management raised its position in shares of Molina Healthcare by 4,625.0% during the 4th quarter. Triumph Capital Management now owns 189 shares of the company’s stock valued at $33,000 after buying an additional 185 shares during the period. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on MOH shares. Wall Street Zen upgraded Molina Healthcare from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Barclays reduced their target price on Molina Healthcare from $184.00 to $180.00 and set an “underweight” rating on the stock in a research report on Friday. Robert W. Baird upped their price target on Molina Healthcare from $124.00 to $163.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. Wells Fargo & Company increased their price target on Molina Healthcare from $159.00 to $235.00 and gave the stock an “equal weight” rating in a report on Monday, July 13th. Finally, Truist Financial cut their price objective on Molina Healthcare from $250.00 to $225.00 and set a “hold” rating for the company in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Molina Healthcare presently has an average rating of “Hold” and an average price target of $203.38.

Insider Buying and Selling at Molina Healthcare

In other news, CAO Maurice Hebert sold 600 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $191.55, for a total transaction of $114,930.00. Following the sale, the chief accounting officer owned 12,815 shares of the company’s stock, valued at approximately $2,454,713.25. This represents a 4.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeff D. Barlow sold 17,811 shares of Molina Healthcare stock in a transaction on Monday, May 11th. The shares were sold at an average price of $186.12, for a total value of $3,314,983.32. Following the completion of the transaction, the insider owned 67,175 shares of the company’s stock, valued at approximately $12,502,611. This trade represents a 20.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.44% of the company’s stock.

Molina Healthcare Stock Up 1.2%

Shares of NYSE:MOH opened at $199.86 on Tuesday. The firm has a market capitalization of $10.43 billion, a PE ratio of -1,110.29 and a beta of 0.74. Molina Healthcare, Inc has a 1 year low of $121.06 and a 1 year high of $244.89. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.68 and a quick ratio of 1.68. The firm’s 50-day moving average is $206.49 and its two-hundred day moving average is $177.08.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings data on Wednesday, July 22nd. The company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.39 by $0.12. Molina Healthcare had a negative net margin of 0.02% and a positive return on equity of 3.73%. The business had revenue of $10.87 billion during the quarter, compared to analyst estimates of $10.83 billion. During the same quarter last year, the firm posted $5.48 earnings per share. The business’s revenue for the quarter was down 4.8% compared to the same quarter last year. Analysts predict that Molina Healthcare, Inc will post 5.31 EPS for the current year.

Molina Healthcare 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.