Inspire Investing LLC Cuts Stock Position in Molina Healthcare, Inc. (NYSE:MOH)

Inspire Investing LLC trimmed its position in shares of Molina Healthcare, Inc. (NYSE:MOH) by 6.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,303 shares of the company’s stock after selling 683 shares during the period. Inspire Investing LLC’s holdings in Molina Healthcare were worth $2,766,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Principal Securities Inc. bought a new stake in shares of Molina Healthcare during the 4th quarter worth about $42,000. Innealta Capital LLC acquired a new stake in shares of Molina Healthcare in the second quarter worth $36,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Molina Healthcare in the second quarter worth $40,000. AM Squared Ltd acquired a new position in Molina Healthcare during the 2nd quarter valued at $59,000. Finally, Mather Group LLC. acquired a new position in Molina Healthcare during the 1st quarter valued at $123,000. 98.50% of the stock is owned by institutional investors and hedge funds.

Insider Activity

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

Analyst Upgrades and Downgrades

MOH has been the topic of several analyst reports. JPMorgan Chase & Co. lowered their price target on shares of Molina Healthcare from $420.00 to $395.00 and set an “overweight” rating on the stock in a report on Wednesday, July 10th. Cantor Fitzgerald restated an “overweight” rating and set a $406.00 target price on shares of Molina Healthcare in a research report on Tuesday, September 10th. Stephens restated an “equal weight” rating and set a $320.00 target price on shares of Molina Healthcare in a research report on Thursday, July 25th. 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 note on Monday, July 29th. Finally, Jefferies Financial Group cut their price target on shares of Molina Healthcare from $354.00 to $297.00 and set a “hold” rating on the stock in a research note on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $378.00.

Molina Healthcare Trading Up 0.6 %

NYSE MOH opened at $355.15 on Thursday. The firm has a market capitalization of $20.81 billion, a P/E ratio of 19.27, a PEG ratio of 1.20 and a beta of 0.57. The business has a fifty day simple moving average of $333.24 and a 200 day simple moving average of $343.64. Molina Healthcare, Inc. has a 12 month low of $282.96 and a 12 month high of $423.92. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.49.

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

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.