Ashton Thomas Private Wealth LLC Invests $40,000 in Molina Healthcare, Inc. (NYSE:MOH)

Ashton Thomas Private Wealth LLC acquired a new stake in shares of Molina Healthcare, Inc. (NYSE:MOH) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 136 shares of the company’s stock, valued at approximately $40,000.

Several other hedge funds also recently bought and sold shares of MOH. Private Advisor Group LLC bought a new stake in Molina Healthcare during the fourth quarter valued at approximately $201,000. Principal Securities Inc. bought a new stake in Molina Healthcare during the fourth quarter valued at approximately $42,000. Janney Montgomery Scott LLC lifted its position in Molina Healthcare by 7.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 3,231 shares of the company’s stock valued at $1,168,000 after purchasing an additional 226 shares during the last quarter. Kentucky Retirement Systems increased its stake in shares of Molina Healthcare by 4.1% in the fourth quarter. Kentucky Retirement Systems now owns 4,665 shares of the company’s stock worth $1,686,000 after buying an additional 184 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund increased its stake in shares of Molina Healthcare by 3.8% in the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 2,077 shares of the company’s stock worth $750,000 after buying an additional 76 shares during the period. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Molina Healthcare Stock Up 0.7 %

NYSE:MOH opened at $360.77 on Tuesday. The firm’s 50-day moving average price is $330.56 and its 200-day moving average price is $343.80. The company has a market capitalization of $21.14 billion, a PE ratio of 19.58, a P/E/G ratio of 1.20 and a beta of 0.57. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.57 and a quick ratio of 1.57. Molina Healthcare, Inc. has a 1-year low of $282.96 and a 1-year high of $423.92.

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

Analyst Ratings Changes

MOH has been the topic of several analyst reports. JPMorgan Chase & Co. decreased their target price on shares of Molina Healthcare from $420.00 to $395.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 10th. Stephens reissued an “equal weight” rating and set a $320.00 price objective on shares of Molina Healthcare in a research report on Thursday, July 25th. Robert W. Baird began coverage on shares of Molina Healthcare in a research report on Thursday, May 30th. They set an “outperform” rating and a $405.00 price objective on the stock. Cantor Fitzgerald reissued an “overweight” rating and set a $406.00 price objective on shares of Molina Healthcare in a research report on Tuesday, September 10th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Molina Healthcare from $354.00 to $353.00 and set a “hold” rating on the stock in a research report on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $378.00.

Insider Buying and Selling

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

Molina Healthcare 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.