Molina Healthcare, Inc (NYSE:MOH) Shares Bought by Fourth Dimension Wealth LLC

Fourth Dimension Wealth LLC lifted its holdings in shares of Molina Healthcare, Inc (NYSE:MOH) by 45.5% during the 1st quarter, Holdings Channel.com reports. The firm owned 640 shares of the company’s stock after acquiring an additional 200 shares during the period. Fourth Dimension Wealth LLC’s holdings in Molina Healthcare were worth $211,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Rothschild Investment LLC boosted its position in shares of Molina Healthcare by 126.3% in the first quarter. Rothschild Investment LLC now owns 86 shares of the company’s stock worth $28,000 after acquiring an additional 48 shares during the last quarter. Colonial Trust Co SC boosted its holdings in Molina Healthcare by 930.0% in the fourth quarter. Colonial Trust Co SC now owns 103 shares of the company’s stock valued at $30,000 after acquiring an additional 93 shares during the last quarter. Silver Oak Securities Incorporated acquired a new position in Molina Healthcare in the first quarter valued at $34,000. Hurley Capital LLC acquired a new position in shares of Molina Healthcare in the 4th quarter valued at about $55,000. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Molina Healthcare by 81.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 196 shares of the company’s stock valued at $57,000 after purchasing an additional 88 shares in the last quarter. 98.50% of the stock is owned by institutional investors and hedge funds.

Molina Healthcare Stock Down 1.0%

MOH opened at $291.15 on Tuesday. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.87. The business has a 50 day moving average of $310.27 and a 200-day moving average of $306.92. Molina Healthcare, Inc has a 1-year low of $262.32 and a 1-year high of $365.23. The stock has a market capitalization of $15.78 billion, a price-to-earnings ratio of 14.06, a P/E/G ratio of 0.99 and a beta of 0.57.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $6.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.96 by $0.12. Molina Healthcare had a net margin of 2.81% and a return on equity of 28.38%. The firm had revenue of $11.15 billion during the quarter, compared to the consensus estimate of $10.86 billion. During the same period last year, the firm posted $5.73 EPS. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. As a group, sell-side 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 stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $320.50, for a total transaction of $214,414.50. Following the completion of the transaction, the director now owns 11,244 shares in the company, valued at approximately $3,603,702. This represents a 5.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Joseph M. Zubretsky sold 87,500 shares of the stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of $320.06, for a total value of $28,005,250.00. Following the transaction, the chief executive officer now owns 257,715 shares of the company’s stock, valued at approximately $82,484,262.90. The trade was a 25.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Mizuho lifted their price target on shares of Molina Healthcare from $376.00 to $400.00 and gave the company an “outperform” rating in a research report on Wednesday, April 9th. Truist Financial boosted their price target on Molina Healthcare from $340.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, April 11th. Barclays cut their price objective on shares of Molina Healthcare from $351.00 to $347.00 and set an “equal weight” rating on the stock in a report on Monday, June 9th. Sanford C. Bernstein started coverage on Molina Healthcare in a research note on Tuesday, April 22nd. They issued an “outperform” rating and a $414.00 price target on the stock. Finally, Morgan Stanley started coverage on Molina Healthcare in a research report on Monday, June 9th. They issued an “overweight” rating and a $364.00 target price on the stock. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Molina Healthcare presently has an average rating of “Hold” and a consensus price target of $364.21.

About Molina Healthcare

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.