SG Americas Securities LLC Buys 1,208 Shares of Molina Healthcare, Inc. (NYSE:MOH)

SG Americas Securities LLC grew its stake in shares of Molina Healthcare, Inc. (NYSE:MOH) by 12.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,624 shares of the company’s stock after buying an additional 1,208 shares during the period. SG Americas Securities LLC’s holdings in Molina Healthcare were worth $3,499,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Wellington Management Group LLP raised its position in shares of Molina Healthcare by 7.4% during the fourth quarter. Wellington Management Group LLP now owns 2,632,232 shares of the company’s stock valued at $766,111,000 after buying an additional 181,073 shares during the last quarter. FMR LLC lifted its position in Molina Healthcare by 31.1% during the fourth quarter. FMR LLC now owns 1,801,113 shares of the company’s stock valued at $524,214,000 after purchasing an additional 427,276 shares during the last quarter. Geode Capital Management LLC lifted its position in Molina Healthcare by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 1,436,909 shares of the company’s stock valued at $417,144,000 after purchasing an additional 34,992 shares during the last quarter. Invesco Ltd. grew its stake in shares of Molina Healthcare by 28.5% in the 4th quarter. Invesco Ltd. now owns 1,327,021 shares of the company’s stock worth $386,229,000 after buying an additional 294,180 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Molina Healthcare by 15.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 688,245 shares of the company’s stock worth $200,307,000 after buying an additional 91,229 shares in the last quarter. Institutional investors own 98.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on MOH. Morgan Stanley began coverage on shares of Molina Healthcare in a research note on Monday, June 9th. They issued an “overweight” rating and a $364.00 price objective for the company. Wells Fargo & Company raised shares of Molina Healthcare from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $295.00 to $372.00 in a research note on Wednesday, March 5th. Baird R W cut shares of Molina Healthcare from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 15th. Guggenheim began coverage on shares of Molina Healthcare in a research note on Wednesday, April 9th. They issued a “neutral” rating for the company. Finally, Barclays dropped their price objective on shares of Molina Healthcare from $351.00 to $347.00 and set an “equal weight” rating for the company in a research note on Monday, June 9th. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $364.21.

Molina Healthcare Price Performance

MOH stock opened at $298.39 on Friday. Molina Healthcare, Inc. has a 12 month low of $262.32 and a 12 month high of $365.23. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.69. The company has a 50-day moving average price of $316.10 and a 200 day moving average price of $307.20. The stock has a market cap of $16.17 billion, a PE ratio of 14.61, a P/E/G ratio of 1.06 and a beta of 0.57.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $6.08 EPS for the quarter, topping analysts’ consensus estimates of $5.96 by $0.12. Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. The firm had revenue of $11.15 billion during the quarter, compared to analysts’ expectations of $10.86 billion. During the same period in the previous year, the company earned $5.73 EPS. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. Equities research analysts anticipate that Molina Healthcare, Inc. will post 24.4 earnings per share for the current year.

Insider Buying and Selling at Molina Healthcare

In other Molina Healthcare news, Director Richard M. Schapiro sold 669 shares of the business’s stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $320.50, for a total value of $214,414.50. Following the completion of the sale, the director now directly owns 11,244 shares of the company’s stock, valued at $3,603,702. The trade was a 5.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Joseph M. Zubretsky sold 87,500 shares of the business’s stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $320.06, for a total transaction of $28,005,250.00. Following the completion of the sale, the chief executive officer now directly owns 257,715 shares of the company’s stock, valued at approximately $82,484,262.90. This trade represents a 25.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is owned by corporate insiders.

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.