Colonial Trust Co SC Buys 93 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Colonial Trust Co SC lifted its stake in Molina Healthcare, Inc. (NYSE:MOH) by 930.0% during the fourth quarter, Holdings Channel reports. The fund owned 103 shares of the company’s stock after acquiring an additional 93 shares during the quarter. Colonial Trust Co SC’s holdings in Molina Healthcare were worth $30,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its stake in shares of Molina Healthcare by 3.3% in the third quarter. Principal Financial Group Inc. now owns 74,160 shares of the company’s stock worth $25,553,000 after buying an additional 2,389 shares during the last quarter. Nordea Investment Management AB raised its holdings in Molina Healthcare by 7.2% in the 4th quarter. Nordea Investment Management AB now owns 4,445 shares of the company’s stock worth $1,300,000 after acquiring an additional 300 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in Molina Healthcare by 4.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 2,838 shares of the company’s stock worth $826,000 after acquiring an additional 132 shares during the last quarter. Czech National Bank boosted its holdings in Molina Healthcare by 3.9% during the fourth quarter. Czech National Bank now owns 12,403 shares of the company’s stock valued at $3,610,000 after acquiring an additional 466 shares during the period. Finally, Pallas Capital Advisors LLC grew its position in shares of Molina Healthcare by 132.9% in the fourth quarter. Pallas Capital Advisors LLC now owns 2,059 shares of the company’s stock valued at $599,000 after purchasing an additional 1,175 shares during the last quarter. 98.50% of the stock is currently owned by institutional investors and hedge funds.

Molina Healthcare Stock Down 0.6 %

Shares of MOH opened at $323.84 on Friday. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.69. The company has a 50-day moving average price of $324.73 and a two-hundred day moving average price of $308.48. The stock has a market cap of $17.55 billion, a price-to-earnings ratio of 15.85, a P/E/G ratio of 1.06 and a beta of 0.63. Molina Healthcare, Inc. has a 12 month low of $262.32 and a 12 month high of $365.23.

Molina Healthcare (NYSE:MOH) last posted its earnings results on Wednesday, April 23rd. The company reported $6.08 EPS for the quarter, topping the consensus estimate of $5.96 by $0.12. Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. The business had revenue of $11.15 billion during the quarter, compared to the consensus estimate of $10.86 billion. During the same quarter last year, the company earned $5.73 EPS. Molina Healthcare’s revenue was up 12.2% on a year-over-year basis. Equities analysts predict that Molina Healthcare, Inc. will post 24.4 EPS for the current fiscal year.

Insider Activity

In related news, Director Steven J. Orlando sold 1,000 shares of Molina Healthcare stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $301.33, for a total transaction of $301,330.00. Following the completion of the transaction, the director now directly owns 17,375 shares of the company’s stock, valued at $5,235,608.75. This trade represents a 5.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 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 trade represents a 5.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 89,169 shares of company stock worth $28,520,995. Corporate insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Robert W. Baird restated a “neutral” rating and set a $375.00 target price (up previously from $331.00) on shares of Molina Healthcare in a research note on Tuesday, April 15th. Baird R W cut Molina Healthcare from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 15th. Barclays boosted their target price on shares of Molina Healthcare from $339.00 to $362.00 and gave the stock an “equal weight” rating in a research report on Friday, April 25th. StockNews.com raised shares of Molina Healthcare from a “hold” rating to a “buy” rating in a report on Friday, April 11th. Finally, Sanford C. Bernstein initiated coverage on shares of Molina Healthcare in a report on Tuesday, April 22nd. They set an “outperform” rating and a $414.00 price objective on the stock. Nine research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Molina Healthcare presently has a consensus rating of “Hold” and an average target price of $365.38.

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.