Friedenthal Financial Buys Shares of 120 Molina Healthcare, Inc. (NYSE:MOH)

Friedenthal Financial bought a new position in Molina Healthcare, Inc. (NYSE:MOH) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 120 shares of the company’s stock, valued at approximately $43,000.

A number of other hedge funds also recently made changes to their positions in the stock. Annis Gardner Whiting Capital Advisors LLC bought a new position in Molina Healthcare in the 3rd quarter valued at approximately $30,000. ST Germain D J Co. Inc. acquired a new position in shares of Molina Healthcare during the second quarter worth $33,000. Coppell Advisory Solutions Corp. bought a new position in shares of Molina Healthcare in the 4th quarter valued at $34,000. VisionPoint Advisory Group LLC boosted its holdings in shares of Molina Healthcare by 105.6% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 111 shares of the company’s stock valued at $36,000 after acquiring an additional 57 shares in the last quarter. Finally, Brown Brothers Harriman & Co. bought a new stake in Molina Healthcare during the 1st quarter worth $40,000. 98.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on MOH shares. Bank of America downgraded Molina Healthcare from a “neutral” rating to an “underperform” rating and set a $439.00 target price for the company. in a research report on Thursday, March 28th. UBS Group boosted their target price on shares of Molina Healthcare from $350.00 to $380.00 and gave the stock a “neutral” rating in a report on Thursday, December 21st. Wells Fargo & Company upped their price target on shares of Molina Healthcare from $420.00 to $440.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 20th. Cantor Fitzgerald reiterated an “overweight” rating and set a $406.00 price target on shares of Molina Healthcare in a report on Thursday, April 4th. Finally, Truist Financial boosted their price objective on shares of Molina Healthcare from $435.00 to $460.00 and gave the stock a “buy” rating in a research note on Tuesday, February 20th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $395.82.

Molina Healthcare Stock Performance

NYSE MOH opened at $376.78 on Friday. Molina Healthcare, Inc. has a one year low of $266.35 and a one year high of $423.92. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.54 and a quick ratio of 1.54. The business has a 50 day simple moving average of $395.00 and a 200 day simple moving average of $369.93. The stock has a market capitalization of $22.07 billion, a P/E ratio of 20.06, a P/E/G ratio of 1.06 and a beta of 0.47.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings data on Wednesday, February 7th. The company reported $4.38 earnings per share for the quarter, beating the consensus estimate of $4.31 by $0.07. Molina Healthcare had a net margin of 3.20% and a return on equity of 32.34%. The company had revenue of $9.05 billion during the quarter, compared to analyst estimates of $8.35 billion. During the same quarter in the previous year, the business posted $4.10 EPS. Molina Healthcare’s revenue for the quarter was up 10.0% compared to the same quarter last year. Research analysts expect that Molina Healthcare, Inc. will post 23.62 earnings per share for the current year.

Insider Buying and Selling

In other Molina Healthcare news, Director Richard M. Schapiro sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $401.05, for a total value of $401,050.00. Following the completion of the sale, the director now owns 11,207 shares of the company’s stock, valued at $4,494,567.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Richard M. Schapiro sold 1,000 shares of Molina Healthcare stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $401.05, for a total transaction of $401,050.00. Following the completion of the transaction, the director now directly owns 11,207 shares in the company, valued at $4,494,567.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard M. Schapiro sold 711 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $384.06, for a total transaction of $273,066.66. Following the completion of the transaction, the director now directly owns 12,207 shares in the company, valued at approximately $4,688,220.42. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,711 shares of company stock valued at $6,472,517. 1.10% of the stock is owned by company 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.