Molina Healthcare, Inc. (NYSE:MOH) Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC lessened its position in Molina Healthcare, Inc. (NYSE:MOH) by 34.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,087 shares of the company’s stock after selling 563 shares during the period. Park Avenue Securities LLC’s holdings in Molina Healthcare were worth $447,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of MOH. Kestra Advisory Services LLC boosted its position in shares of Molina Healthcare by 36.5% during the third quarter. Kestra Advisory Services LLC now owns 1,078 shares of the company’s stock worth $353,000 after buying an additional 288 shares during the period. Dark Forest Capital Management LP bought a new position in shares of Molina Healthcare in the third quarter worth $255,000. LPL Financial LLC increased its holdings in shares of Molina Healthcare by 3.0% during the third quarter. LPL Financial LLC now owns 11,572 shares of the company’s stock valued at $3,794,000 after purchasing an additional 333 shares during the period. Mutual Advisors LLC raised its stake in shares of Molina Healthcare by 66.3% during the third quarter. Mutual Advisors LLC now owns 1,527 shares of the company’s stock valued at $501,000 after purchasing an additional 609 shares in the last quarter. Finally, Qube Research & Technologies Ltd bought a new stake in shares of Molina Healthcare during the third quarter valued at about $2,385,000. 98.50% of the stock is currently owned by institutional investors.

Molina Healthcare Stock Performance

Shares of MOH opened at $297.30 on Friday. The company has a 50-day moving average of $328.22 and a two-hundred day moving average of $363.09. The stock has a market cap of $17.42 billion, a price-to-earnings ratio of 16.13, a PEG ratio of 0.93 and a beta of 0.57. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.49 and a quick ratio of 1.49. Molina Healthcare, Inc. has a one year low of $288.66 and a one year high of $423.92.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings data on Wednesday, April 24th. The company reported $5.73 EPS for the quarter, topping analysts’ consensus estimates of $5.46 by $0.27. The firm had revenue of $9.93 billion during the quarter, compared to analyst estimates of $9.45 billion. Molina Healthcare had a net margin of 2.99% and a return on equity of 29.86%. The company’s revenue was up 21.9% on a year-over-year basis. During the same quarter last year, the business posted $5.81 EPS. On average, equities research analysts expect that Molina Healthcare, Inc. will post 23.56 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Robert W. Baird began coverage on shares of Molina Healthcare in a research note on Thursday, May 30th. They set an “outperform” rating and a $405.00 target price on the stock. JPMorgan Chase & Co. dropped their target price on Molina Healthcare from $435.00 to $420.00 and set an “overweight” rating on the stock in a report on Thursday, May 30th. Bank of America lowered Molina Healthcare from a “neutral” rating to an “underperform” rating and set a $439.00 price target for the company. in a research note on Thursday, March 28th. TD Cowen dropped their price objective on Molina Healthcare from $453.00 to $412.00 and set a “buy” rating on the stock in a research note on Tuesday, April 30th. Finally, Stephens reaffirmed an “equal weight” rating and set a $390.00 target price on shares of Molina Healthcare in a report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $407.45.

Insider Buying and Selling

In other news, Director Ronna Romney sold 250 shares of the company’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $343.27, for a total value of $85,817.50. Following the transaction, the director now owns 16,945 shares in the company, valued at approximately $5,816,710.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Ronna Romney sold 250 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $343.27, for a total transaction of $85,817.50. Following the transaction, the director now directly owns 16,945 shares in the company, valued at approximately $5,816,710.15. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO James Woys sold 10,000 shares of the stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $345.15, for a total value of $3,451,500.00. Following the sale, the chief operating officer now owns 53,613 shares of the company’s stock, valued at $18,504,526.95. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

Molina Healthcare 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.