Massachusetts Financial Services Co. MA Boosts Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Massachusetts Financial Services Co. MA raised its holdings in Molina Healthcare, Inc. (NYSE:MOH) by 10.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,375 shares of the company’s stock after purchasing an additional 126 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Molina Healthcare were worth $409,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in MOH. Quent Capital LLC boosted its stake in shares of Molina Healthcare by 6.8% during the 1st quarter. Quent Capital LLC now owns 489 shares of the company’s stock worth $201,000 after acquiring an additional 31 shares in the last quarter. Clear Creek Financial Management LLC boosted its stake in shares of Molina Healthcare by 2.2% during the 1st quarter. Clear Creek Financial Management LLC now owns 1,462 shares of the company’s stock worth $601,000 after acquiring an additional 32 shares in the last quarter. Custom Index Systems LLC boosted its stake in shares of Molina Healthcare by 5.0% during the 2nd quarter. Custom Index Systems LLC now owns 690 shares of the company’s stock worth $205,000 after acquiring an additional 33 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Molina Healthcare by 11.5% during the 1st quarter. GAMMA Investing LLC now owns 330 shares of the company’s stock worth $136,000 after acquiring an additional 34 shares in the last quarter. Finally, AlphaMark Advisors LLC boosted its stake in shares of Molina Healthcare by 1.1% during the 2nd quarter. AlphaMark Advisors LLC now owns 3,543 shares of the company’s stock worth $1,053,000 after acquiring an additional 40 shares in the last quarter. 98.50% of the stock is owned by hedge funds and other institutional investors.

Molina Healthcare Stock Up 0.4 %

Shares of NYSE MOH opened at $351.42 on Monday. 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. The company has a market capitalization of $20.59 billion, a P/E ratio of 19.07, a P/E/G ratio of 1.20 and a beta of 0.57. The company has a 50 day simple moving average of $335.60 and a 200-day simple moving average of $342.83.

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

Wall Street Analysts Forecast Growth

MOH has been the topic of a number of research reports. Wells Fargo & Company raised their price target on shares of Molina Healthcare from $315.00 to $360.00 and gave the company an “equal weight” rating in a research note on Monday, August 5th. Baird R W raised shares of Molina Healthcare to a “strong-buy” rating in a research note on Thursday, May 30th. Truist Financial decreased their price target on shares of Molina Healthcare from $440.00 to $400.00 and set a “buy” rating on the stock in a research note on Monday, July 15th. StockNews.com lowered shares of Molina Healthcare from a “buy” rating to a “hold” rating in a research note on Wednesday, September 18th. Finally, JPMorgan Chase & Co. decreased their price target 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. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $378.00.

Insider Transactions at Molina Healthcare

In other news, Director Steven J. Orlando sold 1,000 shares of Molina Healthcare stock in a transaction on Tuesday, July 30th. The shares were 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 directly owns 18,025 shares of the company’s stock, valued at approximately $6,114,260.25. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CAO Maurice Hebert sold 393 shares of Molina Healthcare stock in a transaction on Thursday, August 15th. The shares were 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 approximately $3,282,583.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven J. Orlando sold 1,000 shares of Molina Healthcare 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 sale, the director now owns 18,025 shares in the company, valued at $6,114,260.25. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

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.