HighTower Advisors LLC Sells 28,588 Shares of Molina Healthcare, Inc $MOH

HighTower Advisors LLC cut its stake in Molina Healthcare, Inc (NYSE:MOH) by 84.9% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,095 shares of the company’s stock after selling 28,588 shares during the quarter. HighTower Advisors LLC’s holdings in Molina Healthcare were worth $1,165,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Physician Wealth Advisors Inc. grew its stake in Molina Healthcare by 1,250.0% in the 1st quarter. Physician Wealth Advisors Inc. now owns 216 shares of the company’s stock worth $29,000 after buying an additional 200 shares in the last quarter. SJS Investment Consulting Inc. lifted its holdings in shares of Molina Healthcare by 504.9% during the 1st quarter. SJS Investment Consulting Inc. now owns 248 shares of the company’s stock worth $33,000 after acquiring an additional 207 shares during the last quarter. Elevation Wealth Partners LLC grew its position in Molina Healthcare by 118.2% in the second quarter. Elevation Wealth Partners LLC now owns 144 shares of the company’s stock worth $33,000 after acquiring an additional 78 shares in the last quarter. Global Retirement Partners LLC purchased a new position in Molina Healthcare in the second quarter worth $39,000. Finally, Caitong International Asset Management Co. Ltd increased its stake in Molina Healthcare by 64.5% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 232 shares of the company’s stock valued at $40,000 after acquiring an additional 91 shares during the last quarter. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on MOH. Mizuho set a $215.00 price target on Molina Healthcare in a research note on Monday, June 8th. Zacks Research lowered Molina Healthcare from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 21st. Barclays reduced their target price on shares of Molina Healthcare from $184.00 to $180.00 and set an “underweight” rating on the stock in a report on Friday, July 24th. Wall Street Zen downgraded Molina Healthcare from a “hold” rating to a “sell” rating in a research report on Saturday, August 29th. Finally, Sanford C. Bernstein set a $286.00 target price on Molina Healthcare in a research note on Monday, July 13th. Three analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $202.44.

Molina Healthcare Price Performance

Shares of MOH opened at $214.06 on Tuesday. Molina Healthcare, Inc has a fifty-two week low of $121.06 and a fifty-two week high of $244.89. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.68 and a current ratio of 1.68. The stock has a market cap of $11.17 billion, a PE ratio of -1,189.17, a price-to-earnings-growth ratio of 29.27 and a beta of 0.75. The firm’s 50-day simple moving average is $207.49 and its two-hundred day simple moving average is $184.86.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.12. Molina Healthcare had a positive return on equity of 3.73% and a negative net margin of 0.02%.The business had revenue of $10.87 billion during the quarter, compared to analysts’ expectations of $10.83 billion. During the same quarter in the previous year, the business earned $5.48 earnings per share. The firm’s quarterly revenue was down 4.8% compared to the same quarter last year. Analysts anticipate that Molina Healthcare, Inc will post 5.29 earnings per share for the current fiscal year.

About Molina Healthcare

Molina Healthcare, Inc is a managed care company that provides health insurance and related services through government-sponsored programs. Its primary lines of business include Medicaid, Medicare, and Affordable Care Act Marketplace plans, with a focus on serving low-income individuals, families, seniors, and people with complex medical needs.

The company offers health plans that coordinate medical, behavioral health, pharmacy, and other care services through contracted provider networks.