Kintegral Advisory LLC Buys 1,538 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Kintegral Advisory LLC raised its stake in Molina Healthcare, Inc. (NYSE:MOH) by 102.4% during the second quarter, HoldingsChannel reports. The institutional investor owned 3,040 shares of the company’s stock after acquiring an additional 1,538 shares during the period. Kintegral Advisory LLC’s holdings in Molina Healthcare were worth $904,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Quent Capital LLC boosted its position in shares of Molina Healthcare by 6.8% during the 1st quarter. Quent Capital LLC now owns 489 shares of the company’s stock valued at $201,000 after purchasing an additional 31 shares in the last quarter. Clear Creek Financial Management LLC boosted its position in shares of Molina Healthcare by 2.2% during the 1st quarter. Clear Creek Financial Management LLC now owns 1,462 shares of the company’s stock valued at $601,000 after purchasing an additional 32 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Molina Healthcare by 11.5% during the 1st quarter. GAMMA Investing LLC now owns 330 shares of the company’s stock valued at $136,000 after purchasing an additional 34 shares in the last quarter. Fifth Third Bancorp boosted its position in shares of Molina Healthcare by 1.8% during the 1st quarter. Fifth Third Bancorp now owns 2,003 shares of the company’s stock valued at $823,000 after purchasing an additional 35 shares in the last quarter. Finally, Brighton Jones LLC boosted its position in shares of Molina Healthcare by 1.1% during the 4th quarter. Brighton Jones LLC now owns 3,357 shares of the company’s stock valued at $1,213,000 after purchasing an additional 37 shares in the last quarter. Institutional investors own 98.50% of the company’s stock.

Wall Street Analyst Weigh In

MOH has been the topic of several research analyst reports. Wells Fargo & Company upped their target price on Molina Healthcare from $315.00 to $360.00 and gave the company an “equal weight” rating in a research report on Monday, August 5th. Truist Financial dropped their price target on Molina Healthcare from $440.00 to $400.00 and set a “buy” rating on the stock in a research note on Monday, July 15th. Robert W. Baird assumed coverage on Molina Healthcare in a research note on Thursday, May 30th. They set an “outperform” rating and a $405.00 price target on the stock. JPMorgan Chase & Co. dropped their price target on Molina Healthcare from $420.00 to $395.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 10th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $406.00 price target on shares of Molina Healthcare in a research note on Monday, August 19th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $378.00.

Molina Healthcare Stock Performance

Shares of MOH opened at $352.21 on Thursday. The stock has a 50 day moving average of $319.09 and a 200 day moving average of $349.30. The company has a market capitalization of $20.64 billion, a price-to-earnings ratio of 19.11, a PEG ratio of 1.20 and a beta of 0.58. Molina Healthcare, Inc. has a 12 month low of $282.96 and a 12 month high of $423.92. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.49.

Molina Healthcare (NYSE:MOH) last announced its earnings results on Wednesday, July 24th. The company reported $5.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.73 by $0.13. The firm had revenue of $9.88 billion during the quarter, compared to analyst estimates of $9.75 billion. Molina Healthcare had a return on equity of 28.09% and a net margin of 2.84%. The business’s revenue was up 18.7% compared to the same quarter last year. During the same period last year, the firm posted $5.65 EPS. As a group, sell-side analysts forecast that Molina Healthcare, Inc. will post 23.5 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Steven J. Orlando sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $339.21, for a total transaction of $339,210.00. Following the completion of the sale, the director now owns 18,025 shares in the company, valued at approximately $6,114,260.25. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Steven J. Orlando sold 1,000 shares of the company’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $339.21, for a total transaction of $339,210.00. Following the transaction, the director now owns 18,025 shares of the company’s stock, valued at approximately $6,114,260.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Maurice Hebert sold 393 shares of Molina Healthcare stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $346.52, for a total value of $136,182.36. Following the completion of the sale, the chief accounting officer now directly owns 9,473 shares of the company’s stock, valued at approximately $3,282,583.96. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by corporate insiders.

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.