Aurora Investment Managers LLC. Raises Stake in Molina Healthcare, Inc $MOH

Aurora Investment Managers LLC. raised its holdings in Molina Healthcare, Inc (NYSE:MOH) by 118.9% in the second quarter, Holdings Channel.com reports. The fund owned 38,576 shares of the company’s stock after acquiring an additional 20,956 shares during the period. Molina Healthcare comprises 5.4% of Aurora Investment Managers LLC.’s portfolio, making the stock its 4th biggest holding. Aurora Investment Managers LLC.’s holdings in Molina Healthcare were worth $8,822,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Torren Management LLC acquired a new position in shares of Molina Healthcare in the 4th quarter worth approximately $26,000. Physician Wealth Advisors Inc. lifted its stake in Molina Healthcare by 1,250.0% during the first quarter. Physician Wealth Advisors Inc. now owns 216 shares of the company’s stock valued at $29,000 after purchasing an additional 200 shares during the last quarter. Quarry LP acquired a new stake in shares of Molina Healthcare during the 4th quarter valued at $32,000. SJS Investment Consulting Inc. boosted its stake in shares of Molina Healthcare by 504.9% during the 1st quarter. SJS Investment Consulting Inc. now owns 248 shares of the company’s stock worth $33,000 after acquiring an additional 207 shares in the last quarter. Finally, Elevation Wealth Partners LLC grew its holdings in shares of Molina Healthcare by 118.2% in the 2nd quarter. Elevation Wealth Partners LLC now owns 144 shares of the company’s stock worth $33,000 after acquiring an additional 78 shares during the last quarter. Institutional investors own 98.50% of the company’s stock.

Molina Healthcare Stock Up 2.5%

NYSE:MOH opened at $196.65 on Friday. The firm has a market capitalization of $10.27 billion, a price-to-earnings ratio of -1,092.43, a PEG ratio of 27.49 and a beta of 0.75. Molina Healthcare, Inc has a 1-year low of $121.06 and a 1-year high of $244.89. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.95. The business’s fifty day moving average price is $209.25 and its 200 day moving average price is $177.81.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.12. Molina Healthcare had a positive return on equity of 3.73% and a negative net margin of 0.02%.The firm had revenue of $10.87 billion during the quarter, compared to analyst estimates of $10.83 billion. During the same period last year, the company posted $5.48 EPS. The business’s quarterly revenue was down 4.8% compared to the same quarter last year. On average, sell-side analysts forecast that Molina Healthcare, Inc will post 5.29 earnings per share for the current fiscal year.

Insider Activity at Molina Healthcare

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on MOH shares. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Molina Healthcare in a research report on Friday, July 24th. Jefferies Financial Group set a $230.00 price target on Molina Healthcare in a research note on Tuesday, July 14th. Robert W. Baird boosted their price objective on Molina Healthcare from $124.00 to $163.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. JPMorgan Chase & Co. upped their price objective on shares of Molina Healthcare from $169.00 to $191.00 and gave the company a “neutral” rating in a research note on Monday, June 8th. Finally, Royal Bank Of Canada decreased their target price on shares of Molina Healthcare from $248.00 to $218.00 and set a “sector perform” rating for the company in a report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $202.44.

About Molina Healthcare

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.