Silver Oak Securities Incorporated purchased a new stake in Molina Healthcare, Inc. (NYSE:MOH – Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 653 shares of the company’s stock, valued at approximately $236,000.
Other institutional investors have also modified their holdings of the company. Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of Molina Healthcare in the 3rd quarter valued at approximately $30,000. VisionPoint Advisory Group LLC grew its stake in Molina Healthcare by 105.6% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 111 shares of the company’s stock valued at $36,000 after acquiring an additional 57 shares during the period. Raleigh Capital Management Inc. grew its stake in Molina Healthcare by 40.4% in the 3rd quarter. Raleigh Capital Management Inc. now owns 125 shares of the company’s stock valued at $41,000 after acquiring an additional 36 shares during the period. Householder Group Estate & Retirement Specialist LLC boosted its stake in Molina Healthcare by 3,933.3% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 121 shares of the company’s stock worth $43,000 after purchasing an additional 118 shares during the last quarter. Finally, Friedenthal Financial acquired a new stake in Molina Healthcare during the 4th quarter worth $43,000. 98.50% of the stock is currently owned by institutional investors.
Molina Healthcare Stock Down 0.9 %
Shares of NYSE:MOH opened at $338.87 on Thursday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.49 and a quick ratio of 1.49. The firm has a market capitalization of $19.86 billion, a PE ratio of 18.39, a price-to-earnings-growth ratio of 1.05 and a beta of 0.55. The firm’s 50-day moving average is $386.79 and its two-hundred day moving average is $372.10. Molina Healthcare, Inc. has a 1 year low of $266.35 and a 1 year high of $423.92.
Insider Activity at Molina Healthcare
In related news, Director Richard M. Schapiro sold 711 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $384.06, for a total value of $273,066.66. Following the completion of the transaction, the director now directly owns 12,207 shares of the company’s stock, valued at $4,688,220.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Richard M. Schapiro sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $401.05, for a total value of $401,050.00. Following the completion of the transaction, the director now directly owns 11,207 shares of the company’s stock, valued at $4,494,567.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard M. Schapiro sold 711 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $384.06, for a total value of $273,066.66. Following the completion of the transaction, the director now directly owns 12,207 shares of the company’s stock, valued at $4,688,220.42. The disclosure for this sale can be found here. Insiders sold 16,711 shares of company stock valued at $6,472,517 over the last three months. 1.10% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
MOH has been the topic of several analyst reports. Stephens reiterated an “equal weight” rating and set a $390.00 price target on shares of Molina Healthcare in a report on Thursday, April 25th. StockNews.com lowered Molina Healthcare from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 8th. Wells Fargo & Company reduced their price target on Molina Healthcare from $410.00 to $375.00 and set an “equal weight” rating on the stock in a report on Monday. Bank of America lowered Molina Healthcare from a “neutral” rating to an “underperform” rating and set a $439.00 price target on the stock. in a report on Thursday, March 28th. Finally, Truist Financial lifted their price target on Molina Healthcare from $435.00 to $460.00 and gave the stock a “buy” rating in a report on Tuesday, February 20th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $398.55.
Read Our Latest Report on Molina Healthcare
Molina Healthcare 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.
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