Nissay Asset Management Corp Japan ADV purchased a new stake in shares of Molina Healthcare, Inc. (NYSE:MOH) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 6,299 shares of the company’s stock, valued at approximately $1,121,000.

A number of other institutional investors have also recently bought and sold shares of the business. Wellington Management Group LLP grew its stake in Molina Healthcare by 26.5% during the 1st quarter. Wellington Management Group LLP now owns 3,423,053 shares of the company’s stock valued at $478,234,000 after purchasing an additional 718,000 shares during the last quarter. State Street Corp boosted its stake in shares of Molina Healthcare by 1.9% in the first quarter. State Street Corp now owns 1,482,390 shares of the company’s stock worth $207,105,000 after buying an additional 28,160 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Molina Healthcare by 47.0% in the first quarter. Victory Capital Management Inc. now owns 1,202,267 shares of the company’s stock worth $167,969,000 after buying an additional 384,127 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Molina Healthcare by 9.7% in the first quarter. Bank of New York Mellon Corp now owns 811,509 shares of the company’s stock worth $113,377,000 after buying an additional 71,854 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Molina Healthcare in the fourth quarter worth about $79,846,000. Institutional investors and hedge funds own 96.42% of the company’s stock.

Shares of Molina Healthcare stock opened at $184.70 on Friday. The business has a 50 day simple moving average of $178.99 and a two-hundred day simple moving average of $157.50. Molina Healthcare, Inc. has a 12 month low of $102.85 and a 12 month high of $196.52. The stock has a market capitalization of $10.93 billion, a P/E ratio of 14.22, a PEG ratio of 1.75 and a beta of 0.70. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.77 and a quick ratio of 1.77.

Molina Healthcare (NYSE:MOH) last announced its earnings results on Thursday, July 30th. The company reported $4.79 EPS for the quarter, beating analysts’ consensus estimates of $4.70 by $0.09. Molina Healthcare had a return on equity of 45.18% and a net margin of 4.51%. The business had revenue of $4.62 billion during the quarter, compared to analysts’ expectations of $4.70 billion. As a group, research analysts anticipate that Molina Healthcare, Inc. will post 11.91 EPS for the current fiscal year.

A number of analysts have recently commented on MOH shares. Bank of America upgraded Molina Healthcare from an “underperform” rating to a “buy” rating and upped their target price for the stock from $125.00 to $171.00 in a research note on Wednesday, April 8th. Citigroup upgraded Molina Healthcare from an “underperform” rating to an “average” rating and upped their target price for the stock from $125.00 to $171.00 in a research note on Wednesday, April 8th. ValuEngine cut Molina Healthcare from a “hold” rating to a “sell” rating in a report on Thursday, June 4th. Morgan Stanley upped their price target on Molina Healthcare from $175.00 to $229.00 and gave the stock an “overweight” rating in a report on Friday, May 15th. Finally, Piper Sandler upped their price target on Molina Healthcare from $194.00 to $208.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the stock. Molina Healthcare presently has a consensus rating of “Buy” and a consensus target price of $190.57.

In other news, Director Steven J. Orlando sold 1,718 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $179.38, for a total value of $308,174.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Garrey Carruthers sold 1,700 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $183.46, for a total value of $311,882.00. The disclosure for this sale can be found here. 1.07% of the stock is owned by corporate insiders.

About Molina Healthcare

Molina Healthcare, Inc provides Medicaid-related solutions to meet the health care needs of low-income families and individuals; and to assist state agencies in their administration of the Medicaid program in the United States. It operates through three segments: Health Plans, Molina Medicaid Solutions, and Other.

Further Reading: Outperform Rating

Institutional Ownership by Quarter for Molina Healthcare (NYSE:MOH)

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