Simplicity Solutions LLC Acquires 619 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Simplicity Solutions LLC increased its stake in Molina Healthcare, Inc. (NYSE:MOH) by 39.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,183 shares of the company’s stock after buying an additional 619 shares during the quarter. Simplicity Solutions LLC’s holdings in Molina Healthcare were worth $789,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in MOH. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Molina Healthcare by 5.7% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 1,651 shares of the company’s stock valued at $551,000 after buying an additional 89 shares during the last quarter. Allianz Asset Management GmbH boosted its holdings in shares of Molina Healthcare by 496.1% in the 1st quarter. Allianz Asset Management GmbH now owns 11,534 shares of the company’s stock valued at $3,848,000 after buying an additional 9,599 shares during the last quarter. Prudential PLC acquired a new stake in shares of Molina Healthcare in the 1st quarter valued at approximately $422,000. Cetera Investment Advisers boosted its holdings in shares of Molina Healthcare by 10.1% in the 1st quarter. Cetera Investment Advisers now owns 1,296 shares of the company’s stock valued at $432,000 after buying an additional 119 shares during the last quarter. Finally, Mackay Shields LLC acquired a new stake in shares of Molina Healthcare in the 1st quarter valued at approximately $2,814,000. Institutional investors and hedge funds own 98.50% of the company’s stock.

Molina Healthcare Stock Down 1.0 %

MOH opened at $357.41 on Wednesday. Molina Healthcare, Inc. has a fifty-two week low of $266.35 and a fifty-two week high of $423.92. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.54 and a current ratio of 1.54. The company has a market capitalization of $20.94 billion, a P/E ratio of 19.03, a P/E/G ratio of 1.01 and a beta of 0.47. The stock has a fifty day moving average of $395.21 and a 200-day moving average of $370.85.

Molina Healthcare (NYSE:MOH) last posted its earnings results on Wednesday, February 7th. The company reported $4.38 earnings per share for the quarter, topping analysts’ consensus estimates of $4.31 by $0.07. Molina Healthcare had a return on equity of 32.34% and a net margin of 3.20%. The company had revenue of $9.05 billion during the quarter, compared to the consensus estimate of $8.35 billion. During the same quarter last year, the firm earned $4.10 earnings per share. The company’s revenue was up 10.0% on a year-over-year basis. On average, equities analysts expect that Molina Healthcare, Inc. will post 23.62 EPS for the current year.

Insider Transactions at Molina Healthcare

In other news, Director Richard M. Schapiro sold 1,000 shares of Molina Healthcare stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $401.05, for a total transaction of $401,050.00. Following the completion of the sale, the director now owns 11,207 shares of the company’s stock, valued at $4,494,567.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Mark Lowell Keim sold 15,000 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $386.56, for a total value of $5,798,400.00. Following the transaction, the chief financial officer now owns 36,531 shares in the company, valued at $14,121,423.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard M. Schapiro sold 1,000 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $401.05, for a total value of $401,050.00. Following the completion of the transaction, the director now owns 11,207 shares in the company, valued at approximately $4,494,567.35. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,711 shares of company stock valued at $6,472,517. 1.11% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on MOH shares. Barclays initiated coverage on Molina Healthcare in a report on Wednesday, March 6th. They issued an “equal weight” rating and a $437.00 price objective for the company. StockNews.com downgraded Molina Healthcare from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 8th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $406.00 price target on shares of Molina Healthcare in a report on Thursday, April 4th. Truist Financial raised their price target on Molina Healthcare from $435.00 to $460.00 and gave the company a “buy” rating in a report on Tuesday, February 20th. Finally, UBS Group raised their price target on Molina Healthcare from $350.00 to $380.00 and gave the company a “neutral” rating in a report on Thursday, December 21st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $393.09.

Molina Healthcare Company 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.