Molina Healthcare, Inc $MOH Shares Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC grew its stake in Molina Healthcare, Inc (NYSE:MOH) by 20.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,847 shares of the company’s stock after buying an additional 318 shares during the period. Sequoia Financial Advisors LLC’s holdings in Molina Healthcare were worth $550,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of MOH. Price T Rowe Associates Inc. MD boosted its holdings in shares of Molina Healthcare by 46.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,838,043 shares of the company’s stock valued at $1,264,214,000 after buying an additional 1,216,903 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of Molina Healthcare by 42.7% in the 1st quarter. AQR Capital Management LLC now owns 884,958 shares of the company’s stock valued at $288,125,000 after buying an additional 264,664 shares in the last quarter. Nuveen LLC acquired a new position in shares of Molina Healthcare in the 1st quarter valued at $46,441,000. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Molina Healthcare by 8.6% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,487,896 shares of the company’s stock valued at $490,099,000 after buying an additional 117,796 shares in the last quarter. Finally, Durable Capital Partners LP boosted its holdings in shares of Molina Healthcare by 13.1% in the 1st quarter. Durable Capital Partners LP now owns 541,605 shares of the company’s stock valued at $178,399,000 after buying an additional 62,899 shares in the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.

Molina Healthcare Stock Up 2.1%

Shares of Molina Healthcare stock opened at $192.47 on Monday. The company has a market cap of $10.43 billion, a P/E ratio of 9.49 and a beta of 0.55. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.66 and a current ratio of 1.66. Molina Healthcare, Inc has a one year low of $151.95 and a one year high of $359.97. The firm has a fifty day moving average of $181.93 and a two-hundred day moving average of $243.40.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings data on Wednesday, July 23rd. The company reported $5.48 EPS for the quarter, missing analysts’ consensus estimates of $5.50 by ($0.02). The firm had revenue of $11.43 billion for the quarter, compared to analysts’ expectations of $10.94 billion. Molina Healthcare had a return on equity of 27.72% and a net margin of 2.60%.The firm’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.86 EPS. On average, analysts forecast that Molina Healthcare, Inc will post 24.4 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MOH. Mizuho lowered their target price on shares of Molina Healthcare from $400.00 to $330.00 and set an “outperform” rating for the company in a report on Friday, July 11th. UBS Group decreased their price target on shares of Molina Healthcare from $260.00 to $180.00 and set a “neutral” rating for the company in a research note on Friday, July 25th. Cantor Fitzgerald reiterated a “neutral” rating and set a $210.00 price target on shares of Molina Healthcare in a research note on Tuesday, August 26th. Wells Fargo & Company increased their price target on shares of Molina Healthcare from $198.00 to $231.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 7th. Finally, TD Cowen cut shares of Molina Healthcare from a “buy” rating to a “hold” rating and set a $203.00 price target for the company. in a research note on Thursday. Three equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $222.15.

Insiders Place Their Bets

In other news, COO James Woys acquired 10,000 shares of the business’s stock in a transaction on Monday, August 4th. The stock was bought at an average price of $155.94 per share, for a total transaction of $1,559,400.00. Following the transaction, the chief operating officer owned 74,331 shares in the company, valued at $11,591,176.14. This represents a 15.54% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Ronna Romney sold 700 shares of the company’s stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $153.74, for a total transaction of $107,618.00. Following the transaction, the director owned 17,131 shares of the company’s stock, valued at approximately $2,633,719.94. The trade was a 3.93% decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is currently 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.