Sumitomo Mitsui DS Asset Management Company Ltd Buys 61 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Molina Healthcare, Inc. (NYSE:MOH) by 1.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,942 shares of the company’s stock after acquiring an additional 61 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Molina Healthcare were worth $2,047,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Innealta Capital LLC purchased a new position in Molina Healthcare in the second quarter valued at about $36,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Molina Healthcare in the 2nd quarter worth approximately $40,000. AM Squared Ltd bought a new position in shares of Molina Healthcare during the 2nd quarter worth approximately $59,000. UMB Bank n.a. lifted its position in Molina Healthcare by 96.2% during the third quarter. UMB Bank n.a. now owns 206 shares of the company’s stock valued at $71,000 after acquiring an additional 101 shares during the last quarter. Finally, Fidelis Capital Partners LLC acquired a new stake in Molina Healthcare in the first quarter valued at approximately $151,000. 98.50% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

MOH has been the subject of several analyst reports. Wells Fargo & Company increased their price objective on Molina Healthcare from $315.00 to $360.00 and gave the company an “equal weight” rating in a report on Monday, August 5th. Jefferies Financial Group decreased their price target on Molina Healthcare from $354.00 to $297.00 and set a “hold” rating for the company in a research note on Wednesday, July 24th. Stephens restated an “equal weight” rating and set a $320.00 price target on shares of Molina Healthcare in a research note on Thursday, July 25th. TD Cowen cut their price objective on shares of Molina Healthcare from $412.00 to $351.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Finally, StockNews.com upgraded shares of Molina Healthcare from a “hold” rating to a “buy” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Molina Healthcare has an average rating of “Moderate Buy” and an average price target of $378.00.

Molina Healthcare Stock Down 1.1 %

MOH stock opened at $286.52 on Tuesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.57 and a quick ratio of 1.57. The firm’s fifty day simple moving average is $338.57 and its 200-day simple moving average is $331.56. Molina Healthcare, Inc. has a 12 month low of $282.96 and a 12 month high of $423.92. The company has a market capitalization of $16.79 billion, a P/E ratio of 15.55, a price-to-earnings-growth ratio of 1.15 and a beta of 0.58.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings results 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. The company had revenue of $9.88 billion for 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%. The firm’s revenue for the quarter was up 18.7% compared to the same quarter last year. During the same period last year, the firm earned $5.65 EPS. As a group, equities research analysts forecast that Molina Healthcare, Inc. will post 23.5 earnings per share for the current year.

Insiders Place Their Bets

In related 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 value of $339,210.00. Following the completion of the transaction, the director now directly owns 18,025 shares in the company, valued at $6,114,260.25. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CAO Maurice Hebert sold 393 shares of the business’s stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 9,473 shares in the company, valued at $3,282,583.96. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Steven J. Orlando sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $339.21, for a total value of $339,210.00. Following the transaction, the director now directly owns 18,025 shares of the company’s stock, valued at approximately $6,114,260.25. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

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.