Zions Bancorporation Purchases Shares of 1,714 Molina Healthcare, Inc. (MOH)
Zions Bancorporation purchased a new stake in Molina Healthcare, Inc. (NYSE:MOH) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,714 shares of the company’s stock, valued at approximately $118,000.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Molina Healthcare by 0.4% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,240 shares of the company’s stock valued at $432,000 after buying an additional 23 shares during the period. Retirement Systems of Alabama grew its holdings in Molina Healthcare by 0.3% in the 2nd quarter. Retirement Systems of Alabama now owns 55,116 shares of the company’s stock valued at $3,813,000 after buying an additional 167 shares during the period. Amalgamated Bank grew its holdings in Molina Healthcare by 4.3% in the 2nd quarter. Amalgamated Bank now owns 6,237 shares of the company’s stock valued at $431,000 after buying an additional 258 shares during the period. Arizona State Retirement System grew its holdings in Molina Healthcare by 1.7% in the 2nd quarter. Arizona State Retirement System now owns 18,000 shares of the company’s stock valued at $1,245,000 after buying an additional 300 shares during the period. Finally, Mutual of America Capital Management LLC grew its holdings in Molina Healthcare by 0.9% in the 2nd quarter. Mutual of America Capital Management LLC now owns 35,140 shares of the company’s stock valued at $2,431,000 after buying an additional 325 shares during the period. Institutional investors own 96.23% of the company’s stock.
Several analysts have commented on MOH shares. ValuEngine upgraded Molina Healthcare from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Zacks Investment Research upgraded Molina Healthcare from a “sell” rating to a “hold” rating in a report on Monday, November 6th. Jefferies Group lifted their price target on Molina Healthcare from $64.00 to $74.00 and gave the company a “hold” rating in a report on Friday, November 3rd. Raymond James Financial reiterated a “hold” rating on shares of Molina Healthcare in a report on Friday, December 8th. Finally, BMO Capital Markets began coverage on Molina Healthcare in a report on Monday, October 16th. They set a “market perform” rating and a $70.00 target price for the company. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $64.25.
Shares of Molina Healthcare, Inc. (NYSE:MOH) traded down $0.52 during trading hours on Friday, hitting $74.57. The stock had a trading volume of 1,170,500 shares, compared to its average volume of 1,255,988. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.06. Molina Healthcare, Inc. has a 1-year low of $42.56 and a 1-year high of $80.74. The stock has a market cap of $4,287.19, a PE ratio of 23.32 and a beta of 0.97.
Molina Healthcare (NYSE:MOH) last issued its earnings results on Thursday, November 2nd. The company reported ($1.62) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($1.85). Molina Healthcare had a positive return on equity of 17.76% and a negative net margin of 1.76%. The firm had revenue of $5.03 billion for the quarter, compared to analysts’ expectations of $4.95 billion. During the same quarter in the previous year, the firm posted $0.85 EPS. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. research analysts expect that Molina Healthcare, Inc. will post -3.88 EPS for the current year.
In related news, Director John C. Molina sold 23,993 shares of the business’s stock in a transaction that occurred on Wednesday, October 18th. The stock was sold at an average price of $62.55, for a total transaction of $1,500,762.15. Following the transaction, the director now directly owns 517,529 shares of the company’s stock, valued at approximately $32,371,438.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider William Dentino sold 67,500 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $74.24, for a total value of $5,011,200.00. The disclosure for this sale can be found here. Insiders have sold a total of 685,555 shares of company stock worth $49,228,008 over the last three months. 6.20% of the stock is currently owned by corporate insiders.
About Molina Healthcare
Molina Healthcare, Inc offers Medicaid-related solutions for low-income families and individuals, and assists government agencies in their administration of the Medicaid program. The Company operates through three segments: Health Plans, Molina Medicaid Solutions and Other, which includes its Pathways Health and Community Support LLC (Pathways) business.
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