Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Molina Healthcare, Inc. (NYSE:MOH) by 368.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 23,416 shares of the company’s stock after acquiring an additional 18,420 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Molina Healthcare were worth $4,168,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of MOH. Parallel Advisors LLC grew its holdings in Molina Healthcare by 142.6% during the first quarter. Parallel Advisors LLC now owns 228 shares of the company’s stock valued at $31,000 after purchasing an additional 134 shares during the last quarter. Ashford Capital Management Inc. lifted its position in Molina Healthcare by 2.8% during the 1st quarter. Ashford Capital Management Inc. now owns 6,365 shares of the company’s stock worth $889,000 after acquiring an additional 173 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in Molina Healthcare by 4.9% during the first quarter. PNC Financial Services Group Inc. now owns 3,818 shares of the company’s stock valued at $533,000 after acquiring an additional 177 shares during the period. Magnus Financial Group LLC boosted its holdings in Molina Healthcare by 8.9% during the first quarter. Magnus Financial Group LLC now owns 2,790 shares of the company’s stock valued at $390,000 after acquiring an additional 229 shares during the period. Finally, Rockefeller Capital Management L.P. boosted its stake in Molina Healthcare by 235.6% during the 1st quarter. Rockefeller Capital Management L.P. now owns 339 shares of the company’s stock valued at $47,000 after purchasing an additional 238 shares during the period. Hedge funds and other institutional investors own 96.42% of the company’s stock.
MOH stock opened at $184.70 on Friday. Molina Healthcare, Inc. has a 1-year low of $102.85 and a 1-year high of $196.52. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 1.11. The business’s 50 day moving average is $178.99 and its 200-day moving average is $157.50. The firm has a market cap of $10.93 billion, a P/E ratio of 13.85, a P/E/G ratio of 1.73 and a beta of 0.70.
Molina Healthcare (NYSE:MOH) last announced its quarterly earnings results on Thursday, July 30th. The company reported $4.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.70 by $0.09. Molina Healthcare had a return on equity of 45.18% and a net margin of 4.51%. The business had revenue of $4.62 billion for the quarter, compared to analyst estimates of $4.70 billion. Sell-side analysts forecast that Molina Healthcare, Inc. will post 11.78 EPS for the current year.
Several research analysts have commented on MOH shares. Deutsche Bank dropped their price target on Molina Healthcare from $206.00 to $188.00 and set a “buy” rating on the stock in a research report on Monday, May 4th. Morgan Stanley upped their target price on shares of Molina Healthcare from $175.00 to $229.00 and gave the company an “overweight” rating in a research note on Friday, May 15th. SunTrust Banks raised their price target on shares of Molina Healthcare from $210.00 to $230.00 and gave the stock a “buy” rating in a research report on Monday, June 1st. ValuEngine downgraded shares of Molina Healthcare from a “hold” rating to a “sell” rating in a report on Thursday, June 4th. Finally, TheStreet raised Molina Healthcare from a “c+” rating to a “b-” rating in a research report on Monday, April 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the stock. Molina Healthcare has an average rating of “Buy” and a consensus price target of $190.57.
In other news, Director Garrey Carruthers sold 1,700 shares of Molina Healthcare stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $183.46, for a total value of $311,882.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Steven J. Orlando sold 1,718 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $179.38, for a total value of $308,174.84. The disclosure for this sale can be found here. 1.07% of the stock is currently owned by insiders.
Molina Healthcare Profile
Molina Healthcare, Inc provides Medicaid-related solutions to meet the health care needs of low-income families and individuals; and to assist state agencies in their administration of the Medicaid program in the United States. It operates through three segments: Health Plans, Molina Medicaid Solutions, and Other.
Featured Article: Using other technical indicators with support levels
Receive News & Ratings for Molina Healthcare Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Molina Healthcare and related companies with MarketBeat.com's FREE daily email newsletter.