6,893 Shares in Molina Healthcare, Inc $MOH Acquired by Bull Harbor Capital LLC

Bull Harbor Capital LLC purchased a new stake in shares of Molina Healthcare, Inc (NYSE:MOH) during the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 6,893 shares of the company’s stock, valued at approximately $919,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Torren Management LLC bought a new stake in shares of Molina Healthcare in the fourth quarter valued at approximately $26,000. Physician Wealth Advisors Inc. increased its holdings in shares of Molina Healthcare by 1,250.0% during the 1st quarter. Physician Wealth Advisors Inc. now owns 216 shares of the company’s stock worth $29,000 after purchasing an additional 200 shares during the period. Cromwell Holdings LLC raised its position in shares of Molina Healthcare by 211.9% during the fourth quarter. Cromwell Holdings LLC now owns 184 shares of the company’s stock valued at $32,000 after buying an additional 125 shares during the last quarter. Quarry LP bought a new stake in shares of Molina Healthcare in the fourth quarter valued at about $32,000. Finally, Triumph Capital Management lifted its stake in shares of Molina Healthcare by 4,625.0% in the fourth quarter. Triumph Capital Management now owns 189 shares of the company’s stock valued at $33,000 after buying an additional 185 shares during the period. 98.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on MOH. UBS Group boosted their price target on Molina Healthcare from $180.00 to $202.00 and gave the company a “neutral” rating in a research note on Friday, May 22nd. Zacks Research raised Molina Healthcare from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 23rd. Jefferies Financial Group set a $230.00 price objective on Molina Healthcare in a research report on Tuesday, July 14th. Wall Street Zen upgraded Molina Healthcare from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Morgan Stanley lifted their price target on shares of Molina Healthcare from $146.00 to $167.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $202.44.

Molina Healthcare Stock Performance

NYSE MOH opened at $194.44 on Friday. Molina Healthcare, Inc has a 1-year low of $121.06 and a 1-year high of $244.89. The company has a 50 day moving average of $207.43 and a 200-day moving average of $177.45. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.95. The firm has a market cap of $10.15 billion, a price-to-earnings ratio of -1,080.13, a PEG ratio of 28.51 and a beta of 0.74.

Molina Healthcare (NYSE:MOH) last announced its earnings results on Wednesday, July 22nd. The company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.39 by $0.12. The business had revenue of $10.87 billion for the quarter, compared to the consensus estimate of $10.83 billion. Molina Healthcare had a positive return on equity of 3.73% and a negative net margin of 0.02%.Molina Healthcare’s revenue was down 4.8% compared to the same quarter last year. During the same period in the previous year, the business earned $5.48 EPS. On average, equities analysts forecast that Molina Healthcare, Inc will post 5.29 earnings per share for the current fiscal year.

Insider Buying and Selling at Molina Healthcare

In other Molina Healthcare news, CAO Maurice Hebert sold 600 shares of Molina Healthcare stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $191.55, for a total value of $114,930.00. Following the completion of the transaction, the chief accounting officer owned 12,815 shares in the company, valued at approximately $2,454,713.25. The trade was a 4.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jeff D. Barlow sold 17,811 shares of the business’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $186.12, for a total value of $3,314,983.32. Following the completion of the transaction, the insider directly owned 67,175 shares in the company, valued at approximately $12,502,611. This represents a 20.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.44% of the company’s stock.

Molina Healthcare Profile

Molina Healthcare, Inc is a managed care company specializing in government-sponsored health insurance programs. The company offers Medicaid managed care plans, Medicare Advantage and prescription drug plans, and individual Marketplace plans under the Affordable Care Act. Through an integrated care model, Molina emphasizes preventive and primary care services, care coordination, and disease management to improve health outcomes for its members.

The company traces its roots to the early 1980s, when Dr.