27,857 Shares in Molina Healthcare, Inc $MOH Purchased by Towle & Co.

Towle & Co. bought a new stake in Molina Healthcare, Inc (NYSE:MOH) during the first quarter, HoldingsChannel.com reports. The fund bought 27,857 shares of the company’s stock, valued at approximately $3,713,000.

Other large investors have also recently bought and sold shares of the company. 7G Capital Management LLC purchased a new stake in Molina Healthcare in the 4th quarter valued at $1,735,000. BNP Paribas Financial Markets increased its stake in Molina Healthcare by 63.0% in the fourth quarter. BNP Paribas Financial Markets now owns 439,371 shares of the company’s stock valued at $76,248,000 after purchasing an additional 169,739 shares during the period. Allspring Global Investments Holdings LLC increased its stake in Molina Healthcare by 27.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 38,913 shares of the company’s stock valued at $6,944,000 after purchasing an additional 8,381 shares during the period. SG Americas Securities LLC raised its holdings in shares of Molina Healthcare by 923.3% in the fourth quarter. SG Americas Securities LLC now owns 87,220 shares of the company’s stock valued at $15,136,000 after buying an additional 78,697 shares during the last quarter. Finally, M&T Bank Corp boosted its stake in shares of Molina Healthcare by 451.1% during the fourth quarter. M&T Bank Corp now owns 42,455 shares of the company’s stock worth $7,368,000 after buying an additional 34,751 shares during the period. Institutional investors and hedge funds own 98.50% of the company’s stock.

Wall Street Analysts Forecast Growth

MOH has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $129.00 price target on shares of Molina Healthcare in a research report on Friday, April 24th. Bank of America upgraded Molina Healthcare from an “underperform” rating to a “buy” rating and set a $250.00 price target for the company in a research note on Wednesday, April 29th. Cantor Fitzgerald lifted their price objective on shares of Molina Healthcare from $144.00 to $209.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. TD Cowen upped their price objective on shares of Molina Healthcare from $163.00 to $230.00 and gave the stock a “hold” rating in a research report on Tuesday, July 14th. Finally, Wall Street Zen upgraded shares of Molina Healthcare from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Three research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Molina Healthcare has a consensus rating of “Hold” and a consensus target price of $207.06.

Molina Healthcare Stock Down 9.7%

MOH stock opened at $200.30 on Friday. The company has a market cap of $10.44 billion, a P/E ratio of -1,112.73 and a beta of 0.74. Molina Healthcare, Inc has a 52 week low of $121.06 and a 52 week high of $244.89. The company’s 50-day moving average price is $205.93 and its 200 day moving average price is $176.87. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.97.

Molina Healthcare (NYSE:MOH) last issued its earnings results on Wednesday, July 22nd. The company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.12. Molina Healthcare had a negative net margin of 0.02% and a positive return on equity of 3.74%. The company had revenue of $10.87 billion for the quarter, compared to analyst estimates of $10.83 billion. During the same period in the prior year, the business posted $5.48 earnings per share. The firm’s revenue for the quarter was down 4.8% compared to the same quarter last year. On average, research analysts expect that Molina Healthcare, Inc will post 5.23 earnings per share for the current fiscal year.

Insider Activity at Molina Healthcare

In related news, insider Jeff D. Barlow sold 17,811 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $186.12, for a total value of $3,314,983.32. Following the sale, the insider owned 67,175 shares in the company, valued at $12,502,611. This represents a 20.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Maurice Hebert sold 600 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $191.55, for a total value of $114,930.00. Following the completion of the transaction, the chief accounting officer directly owned 12,815 shares of the company’s stock, valued at $2,454,713.25. The trade was a 4.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.44% of the stock is owned by insiders.

Trending Headlines about Molina Healthcare

Here are the key news stories impacting Molina Healthcare this week:

• Positive Sentiment: Molina reported Q2 EPS of $1.51, topping analyst estimates, and revenue of $10.87 billion also came in slightly above forecasts. The company also raised its full-year earnings outlook, helped by lower operating expenses and steadier Medicaid performance. Article Title
• Neutral Sentiment: Management highlighted stronger Medicaid execution in the earnings call, which supports the core business and may help offset pressure in other lines. Article Title
• Neutral Sentiment: Some investors were already cautious ahead of the report, with trading activity reflecting worries about guidance, cost trends, and tougher year-over-year comparisons. Article Title
• Negative Sentiment: The main concern is weaker premium revenue and declining membership, especially in Molina’s Obamacare/exchange business, which has led the company to expect a smaller presence in that segment. Article Title
• Negative Sentiment: Reports also pointed to lower net income, a higher medical care ratio, and a weak revenue outlook, suggesting margin pressure may continue even after the earnings beat. Article Title

Molina Healthcare Profile

Molina Healthcare, Inc is a managed care company specializing in government-sponsored health insurance programs. The company offers Medicaid managed care plans, Medicare Advantage and prescription drug plans, and individual Marketplace plans under the Affordable Care Act. Through an integrated care model, Molina emphasizes preventive and primary care services, care coordination, and disease management to improve health outcomes for its members.

The company traces its roots to the early 1980s, when Dr.