Hsbc Holdings PLC raised its position in Molina Healthcare, Inc. (NYSE:MOH – Free Report) by 14.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 113,259 shares of the company’s stock after acquiring an additional 14,563 shares during the period. Hsbc Holdings PLC owned approximately 0.19% of Molina Healthcare worth $33,726,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. Quent Capital LLC lifted its holdings in shares of Molina Healthcare by 6.8% during the 1st quarter. Quent Capital LLC now owns 489 shares of the company’s stock valued at $201,000 after purchasing an additional 31 shares during the last quarter. Clear Creek Financial Management LLC increased its position in Molina Healthcare by 2.2% during the 1st quarter. Clear Creek Financial Management LLC now owns 1,462 shares of the company’s stock valued at $601,000 after buying an additional 32 shares in the last quarter. Custom Index Systems LLC raised its stake in Molina Healthcare by 5.0% in the second quarter. Custom Index Systems LLC now owns 690 shares of the company’s stock valued at $205,000 after buying an additional 33 shares during the last quarter. GAMMA Investing LLC raised its stake in Molina Healthcare by 11.5% in the first 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 last quarter. Finally, AlphaMark Advisors LLC boosted its holdings in Molina Healthcare by 1.1% in the second 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 %
Molina Healthcare stock opened at $351.42 on Friday. The business’s 50-day moving average price is $335.60 and its 200 day moving average price is $343.44. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.49. The firm has a market cap of $20.59 billion, a price-to-earnings ratio of 19.07, a price-to-earnings-growth ratio of 1.20 and a beta of 0.57. Molina Healthcare, Inc. has a 52 week low of $282.96 and a 52 week high of $423.92.
Analysts Set New Price Targets
Several brokerages recently commented on MOH. TD Cowen decreased their price objective on shares of Molina Healthcare from $412.00 to $351.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. JPMorgan Chase & Co. cut 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. Wells Fargo & Company lifted their price objective on shares of Molina Healthcare from $315.00 to $360.00 and gave the stock an “equal weight” rating in a research note on Monday, August 5th. Cantor Fitzgerald reissued an “overweight” rating and issued a $406.00 target price on shares of Molina Healthcare in a research report on Tuesday, September 10th. Finally, StockNews.com lowered Molina Healthcare from a “buy” rating to a “hold” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Molina Healthcare presently has an average rating of “Hold” and an average target price of $378.00.
Read Our Latest Research Report on Molina Healthcare
Insider Buying and Selling at Molina Healthcare
In other news, Director Steven J. Orlando sold 1,000 shares of the stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $339.21, for a total transaction of $339,210.00. Following 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 at this hyperlink. In related 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 value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Maurice Hebert sold 393 shares of the 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 transaction, the chief accounting officer now owns 9,473 shares in the company, valued at approximately $3,282,583.96. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.
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.
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