XTX Topco Ltd Buys 1,163 Shares of Molina Healthcare, Inc. (NYSE:MOH)

XTX Topco Ltd raised its stake in Molina Healthcare, Inc. (NYSE:MOH) by 176.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,823 shares of the company’s stock after purchasing an additional 1,163 shares during the quarter. XTX Topco Ltd’s holdings in Molina Healthcare were worth $542,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Innealta Capital LLC bought a new stake in Molina Healthcare during the 2nd quarter valued at $36,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Molina Healthcare in the second quarter valued at about $40,000. AM Squared Ltd bought a new position in shares of Molina Healthcare during the second quarter valued at about $59,000. Mather Group LLC. purchased a new stake in shares of Molina Healthcare during the first quarter worth about $123,000. Finally, Lindbrook Capital LLC grew its stake in shares of Molina Healthcare by 47.0% in the first quarter. Lindbrook Capital LLC now owns 322 shares of the company’s stock worth $132,000 after purchasing an additional 103 shares during the last quarter. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Maurice Hebert sold 393 shares of the company’s stock in a transaction 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 transaction, the chief accounting officer now directly owns 9,473 shares of the company’s stock, valued at $3,282,583.96. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of the business’s 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 in the company, valued at approximately $6,114,260.25. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Maurice Hebert sold 393 shares of the firm’s stock in a transaction on 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 transaction, the chief accounting officer now owns 9,473 shares in the company, valued at $3,282,583.96. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Stephens reiterated an “equal weight” rating and issued a $320.00 price objective on shares of Molina Healthcare in a report on Thursday, July 25th. Truist Financial cut their target price 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. TD Cowen reduced their price target on shares of Molina Healthcare from $412.00 to $351.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Jefferies Financial Group lowered their price objective on shares of Molina Healthcare from $354.00 to $297.00 and set a “hold” rating for the company in a report on Wednesday, July 24th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $406.00 target price on shares of Molina Healthcare in a report on Tuesday, September 10th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $378.00.

Molina Healthcare Price Performance

MOH opened at $347.98 on Tuesday. The firm has a market cap of $20.39 billion, a PE ratio of 18.88, a P/E/G ratio of 1.20 and a beta of 0.57. The stock has a 50-day moving average price of $336.88 and a 200-day moving average price of $342.52. Molina Healthcare, Inc. has a 1 year low of $282.96 and a 1 year high of $423.92. 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 (NYSE:MOH) last issued its earnings results on Wednesday, July 24th. The company reported $5.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.73 by $0.13. Molina Healthcare had a net margin of 2.84% and a return on equity of 28.09%. The firm had revenue of $9.88 billion for the quarter, compared to the consensus estimate of $9.75 billion. During the same quarter in the prior year, the firm posted $5.65 earnings per share. The business’s revenue was up 18.7% on a year-over-year basis. Sell-side analysts predict that Molina Healthcare, Inc. will post 23.5 earnings per share for the current fiscal year.

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.