Molina Healthcare, Inc. (NYSE:MOH) Shares Bought by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV grew its stake in Molina Healthcare, Inc. (NYSE:MOH) by 133.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,087 shares of the company’s stock after purchasing an additional 12,058 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Molina Healthcare were worth $6,603,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Quent Capital LLC grew its position in Molina Healthcare by 6.8% in the first quarter. Quent Capital LLC now owns 489 shares of the company’s stock worth $201,000 after acquiring an additional 31 shares during the period. Clear Creek Financial Management LLC grew its holdings 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 purchasing an additional 32 shares during the period. Custom Index Systems LLC increased its position 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 purchasing an additional 33 shares during the last quarter. GAMMA Investing LLC raised its holdings in Molina Healthcare by 11.5% in the 1st quarter. GAMMA Investing LLC now owns 330 shares of the company’s stock valued at $136,000 after buying an additional 34 shares during the period. Finally, AlphaMark Advisors LLC raised its holdings in Molina Healthcare by 1.1% in the 2nd quarter. AlphaMark Advisors LLC now owns 3,543 shares of the company’s stock valued at $1,053,000 after buying an additional 40 shares during the period. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Insider Buying and Selling at Molina Healthcare

In other news, Director Steven J. Orlando sold 1,000 shares of the company’s stock in a transaction dated 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 transaction, 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 legal filing with the SEC, which is available at this hyperlink. In other Molina Healthcare news, CAO Maurice Hebert sold 393 shares of the firm’s stock in a transaction that occurred 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 owns 9,473 shares of the company’s stock, valued at $3,282,583.96. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Steven J. Orlando sold 1,000 shares of the company’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 transaction, the director now owns 18,025 shares of the company’s stock, valued at approximately $6,114,260.25. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on MOH shares. StockNews.com cut shares of Molina Healthcare from a “buy” rating to a “hold” rating in a research report on Wednesday. Wells Fargo & Company boosted their target price on Molina Healthcare from $315.00 to $360.00 and gave the company an “equal weight” rating in a research report on Monday, August 5th. Truist Financial lowered their price target on Molina Healthcare from $440.00 to $400.00 and set a “buy” rating for the company in a research report on Monday, July 15th. Robert W. Baird began coverage on Molina Healthcare in a report on Thursday, May 30th. They issued an “outperform” rating and a $405.00 price objective on the stock. Finally, TD Cowen lowered their target price on Molina Healthcare from $412.00 to $351.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. One equities research 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 company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $378.00.

Molina Healthcare Stock Performance

Shares of Molina Healthcare stock opened at $351.42 on Friday. The business has a 50-day simple moving average of $335.60 and a 200-day simple moving average of $343.44. The company has a market cap of $20.59 billion, a PE ratio of 19.07, a P/E/G ratio of 1.20 and a beta of 0.57. Molina Healthcare, Inc. has a one year low of $282.96 and a one year high of $423.92. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.57 and a current ratio of 1.57.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings data on Wednesday, July 24th. The company reported $5.86 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 2.84% and a return on equity of 28.09%. The company’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.65 EPS. On average, equities research analysts forecast 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.