Sequoia Financial Advisors LLC Raises Stock Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Sequoia Financial Advisors LLC grew its stake in shares of Molina Healthcare, Inc. (NYSE:MOH) by 11.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,195 shares of the company’s stock after buying an additional 124 shares during the period. Sequoia Financial Advisors LLC’s holdings in Molina Healthcare were worth $412,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in MOH. Quent Capital LLC lifted 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 valued at $201,000 after buying an additional 31 shares in the last quarter. Custom Index Systems LLC boosted its stake in shares of Molina Healthcare by 5.0% in the second quarter. Custom Index Systems LLC now owns 690 shares of the company’s stock worth $205,000 after acquiring an additional 33 shares during the period. AlphaMark Advisors LLC grew its position in shares of Molina Healthcare by 1.1% during the second quarter. AlphaMark Advisors LLC now owns 3,543 shares of the company’s stock worth $1,053,000 after purchasing an additional 40 shares in the last quarter. Oliver Luxxe Assets LLC grew its position in shares of Molina Healthcare by 1.3% during the third quarter. Oliver Luxxe Assets LLC now owns 4,428 shares of the company’s stock worth $1,526,000 after purchasing an additional 55 shares in the last quarter. Finally, Arizona State Retirement System raised its stake in Molina Healthcare by 0.4% during the 2nd quarter. Arizona State Retirement System now owns 16,092 shares of the company’s stock valued at $4,784,000 after purchasing an additional 57 shares during the period. 98.50% of the stock is currently owned by institutional investors.

Molina Healthcare Stock Up 0.6 %

Shares of NYSE:MOH opened at $325.54 on Monday. The firm has a market capitalization of $19.08 billion, a PE ratio of 17.66, a price-to-earnings-growth ratio of 0.99 and a beta of 0.58. The business has a 50 day simple moving average of $335.23 and a two-hundred day simple moving average of $329.39. Molina Healthcare, Inc. has a 1 year low of $272.69 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 posted its quarterly earnings data on Wednesday, October 23rd. The company reported $6.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.96 by $0.05. Molina Healthcare had a return on equity of 28.09% and a net margin of 2.84%. The company had revenue of $10.34 billion during the quarter, compared to analysts’ expectations of $9.92 billion. During the same quarter in the previous year, the business earned $5.05 EPS. Molina Healthcare’s revenue was up 21.0% compared to the same quarter last year. On average, equities analysts predict that Molina Healthcare, Inc. will post 23.5 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MOH. TD Cowen cut their price objective on shares of Molina Healthcare from $412.00 to $351.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $406.00 target price on shares of Molina Healthcare in a research note on Thursday. 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. Wells Fargo & Company raised their price objective 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. Finally, Jefferies Financial Group decreased their target price on Molina Healthcare from $354.00 to $297.00 and set a “hold” rating on the stock in a research report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Molina Healthcare currently has a consensus rating of “Moderate Buy” and a consensus target price of $367.00.

Insider Buying and Selling

In other Molina Healthcare news, CAO Maurice Hebert sold 393 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were 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 of the company’s stock, valued at $3,282,583.96. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Steven J. Orlando sold 1,000 shares of the 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 transaction, the director now owns 18,025 shares of the company’s stock, valued at approximately $6,114,260.25. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Maurice Hebert sold 393 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $346.52, for a total transaction of $136,182.36. Following the completion of the sale, the chief accounting officer now directly owns 9,473 shares of the company’s stock, valued at approximately $3,282,583.96. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.

Molina Healthcare Company 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.