Nomura Holdings Inc. Takes Position in Molina Healthcare, Inc. (NYSE:MOH)

Nomura Holdings Inc. acquired a new stake in Molina Healthcare, Inc. (NYSE:MOH) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,190 shares of the company’s stock, valued at approximately $430,000.

Several other large investors have also made changes to their positions in the business. Desjardins Global Asset Management Inc. boosted its holdings in Molina Healthcare by 4.4% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 763 shares of the company’s stock worth $276,000 after buying an additional 32 shares in the last quarter. Ritholtz Wealth Management boosted its holdings in Molina Healthcare by 2.1% during the fourth quarter. Ritholtz Wealth Management now owns 1,620 shares of the company’s stock worth $585,000 after buying an additional 33 shares in the last quarter. Raleigh Capital Management Inc. boosted its holdings in Molina Healthcare by 40.4% during the third quarter. Raleigh Capital Management Inc. now owns 125 shares of the company’s stock worth $41,000 after buying an additional 36 shares in the last quarter. Brighton Jones LLC boosted its holdings in Molina Healthcare by 1.1% during the fourth quarter. Brighton Jones LLC now owns 3,357 shares of the company’s stock worth $1,213,000 after buying an additional 37 shares in the last quarter. Finally, Signaturefd LLC boosted its holdings in Molina Healthcare by 5.0% during the fourth quarter. Signaturefd LLC now owns 1,045 shares of the company’s stock worth $378,000 after buying an additional 50 shares in the last quarter. 98.50% of the stock is owned by hedge funds and other institutional investors.

Molina Healthcare Price Performance

Shares of NYSE MOH opened at $307.46 on Friday. The firm has a 50-day simple moving average of $334.00 and a 200-day simple moving average of $365.34. The stock has a market capitalization of $18.02 billion, a price-to-earnings ratio of 16.68, a price-to-earnings-growth ratio of 0.94 and a beta of 0.57. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.53. Molina Healthcare, Inc. has a 52 week low of $283.57 and a 52 week high of $423.92.

Molina Healthcare (NYSE:MOH) last issued its earnings results on Wednesday, April 24th. The company reported $5.73 EPS for the quarter, beating analysts’ consensus estimates of $5.46 by $0.27. Molina Healthcare had a net margin of 2.99% and a return on equity of 29.86%. The business had revenue of $9.93 billion during the quarter, compared to analysts’ expectations of $9.45 billion. During the same period in the prior year, the business earned $5.81 earnings per share. The company’s quarterly revenue was up 21.9% compared to the same quarter last year. On average, equities analysts predict that Molina Healthcare, Inc. will post 23.56 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Baird R W raised shares of Molina Healthcare to a “strong-buy” rating in a report on Thursday, May 30th. Bank of America cut shares of Molina Healthcare from a “neutral” rating to an “underperform” rating and set a $439.00 price objective for the company. in a research report on Thursday, March 28th. TD Cowen reduced their price objective on shares of Molina Healthcare from $453.00 to $412.00 and set a “buy” rating for the company in a research report on Tuesday, April 30th. Barclays reduced their price objective on shares of Molina Healthcare from $437.00 to $430.00 and set an “equal weight” rating for the company in a research report on Thursday, April 25th. Finally, Wells Fargo & Company reduced their price objective on shares of Molina Healthcare from $410.00 to $375.00 and set an “equal weight” rating for the company in a research report on Monday, April 29th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $407.45.

Insider Buying and Selling

In related news, COO James Woys sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $345.15, for a total transaction of $3,451,500.00. Following the completion of the sale, the chief operating officer now directly owns 53,613 shares in the company, valued at $18,504,526.95. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Molina Healthcare news, Director Ronna Romney sold 250 shares of the stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $343.27, for a total transaction of $85,817.50. Following the completion of the transaction, the director now owns 16,945 shares of the company’s stock, valued at $5,816,710.15. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO James Woys sold 10,000 shares of the stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $345.15, for a total transaction of $3,451,500.00. Following the transaction, the chief operating officer now directly owns 53,613 shares of the company’s stock, valued at approximately $18,504,526.95. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.

About Molina Healthcare

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.