PFG Investments LLC Purchases 147 Shares of Molina Healthcare, Inc. (NYSE:MOH)

PFG Investments LLC lifted its position in Molina Healthcare, Inc. (NYSE:MOH) by 21.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 827 shares of the company’s stock after buying an additional 147 shares during the quarter. PFG Investments LLC’s holdings in Molina Healthcare were worth $246,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cetera Investment Advisers grew its stake in shares of Molina Healthcare by 516.4% in the first quarter. Cetera Investment Advisers now owns 10,238 shares of the company’s stock valued at $4,206,000 after buying an additional 8,577 shares in the last quarter. BlackBarn Capital Partners LP bought a new position in shares of Molina Healthcare in the fourth quarter valued at $15,139,000. BI Asset Management Fondsmaeglerselskab A S grew its stake in shares of Molina Healthcare by 69.5% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 11,809 shares of the company’s stock valued at $4,851,000 after buying an additional 4,840 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its stake in shares of Molina Healthcare by 76.4% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 27,301 shares of the company’s stock valued at $9,864,000 after buying an additional 11,820 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of Molina Healthcare by 5.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,208 shares of the company’s stock valued at $1,159,000 after buying an additional 167 shares in the last quarter. 98.50% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Robert W. Baird assumed coverage on shares of Molina Healthcare in a research note on Thursday, May 30th. They issued an “outperform” rating and a $405.00 target price for the company. Truist Financial reduced their price objective on shares of Molina Healthcare from $440.00 to $400.00 and set a “buy” rating for the company in a research report on Monday, July 15th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Molina Healthcare from $354.00 to $353.00 and set a “hold” rating for the company in a research report on Monday, July 29th. Jefferies Financial Group reduced their price objective on shares of Molina Healthcare from $354.00 to $297.00 and set a “hold” rating for the company in a research report on Wednesday, July 24th. Finally, TD Cowen reduced their price objective on shares of Molina Healthcare from $412.00 to $351.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Molina Healthcare currently has an average rating of “Moderate Buy” and an average target price of $378.00.

Molina Healthcare Stock Up 1.5 %

MOH stock opened at $358.20 on Friday. The company has a market cap of $20.99 billion, a PE ratio of 19.44, a price-to-earnings-growth ratio of 1.20 and a beta of 0.57. The business has a 50-day simple moving average of $327.90 and a 200 day simple moving average of $345.13. Molina Healthcare, Inc. has a 52 week low of $282.96 and a 52 week high of $423.92. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.49.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $5.86 EPS for the quarter, beating analysts’ consensus estimates of $5.73 by $0.13. The business had revenue of $9.88 billion during the quarter, compared to the consensus estimate of $9.75 billion. Molina Healthcare had a return on equity of 28.09% and a net margin of 2.84%. Molina Healthcare’s revenue for the quarter was up 18.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.65 earnings per share. Sell-side analysts anticipate that Molina Healthcare, Inc. will post 23.5 EPS for the current fiscal year.

Insider Activity at Molina Healthcare

In other Molina Healthcare news, CAO Maurice Hebert sold 393 shares of Molina Healthcare stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $346.52, for a total value of $136,182.36. Following the transaction, the chief accounting officer now owns 9,473 shares in the company, valued at $3,282,583.96. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Molina Healthcare news, CAO Maurice Hebert sold 393 shares of Molina Healthcare stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $346.52, for a total value of $136,182.36. Following the transaction, the chief accounting officer now owns 9,473 shares in the company, valued at $3,282,583.96. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Steven J. Orlando sold 1,000 shares of Molina Healthcare stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $339.21, for a total value of $339,210.00. Following the completion of the transaction, the director now owns 18,025 shares in the company, valued at approximately $6,114,260.25. The disclosure for this sale can be found here. 1.10% of the stock is owned by 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.