Simplicity Solutions LLC Has $789,000 Position in Molina Healthcare, Inc. (NYSE:MOH)

Simplicity Solutions LLC boosted its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH) by 39.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,183 shares of the company’s stock after acquiring an additional 619 shares during the quarter. Simplicity Solutions LLC’s holdings in Molina Healthcare were worth $789,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in MOH. Vanguard Group Inc. lifted its stake in shares of Molina Healthcare by 18.4% in the 1st quarter. Vanguard Group Inc. now owns 6,449,375 shares of the company’s stock valued at $2,151,448,000 after purchasing an additional 1,001,372 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Molina Healthcare by 8.3% during the 3rd quarter. Wellington Management Group LLP now owns 3,395,040 shares of the company’s stock worth $1,113,200,000 after acquiring an additional 259,474 shares in the last quarter. State Street Corp increased its holdings in shares of Molina Healthcare by 25.6% during the 1st quarter. State Street Corp now owns 2,457,008 shares of the company’s stock valued at $819,633,000 after acquiring an additional 501,107 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Molina Healthcare by 10.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,374,111 shares of the company’s stock valued at $783,979,000 after acquiring an additional 228,221 shares in the last quarter. Finally, FMR LLC lifted its holdings in Molina Healthcare by 1.0% in the 3rd quarter. FMR LLC now owns 2,175,796 shares of the company’s stock worth $713,422,000 after purchasing an additional 22,583 shares during the last quarter. 98.50% of the stock is currently owned by institutional investors and hedge funds.

Molina Healthcare Trading Down 1.0 %

Shares of MOH stock opened at $357.41 on Wednesday. Molina Healthcare, Inc. has a 1 year low of $266.35 and a 1 year high of $423.92. The firm’s fifty day simple moving average is $395.21 and its 200 day simple moving average is $370.85. The firm has a market capitalization of $20.94 billion, a P/E ratio of 19.03, a price-to-earnings-growth ratio of 1.01 and a beta of 0.47. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.57.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings results on Wednesday, February 7th. The company reported $4.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.31 by $0.07. The firm had revenue of $9.05 billion for the quarter, compared to analyst estimates of $8.35 billion. Molina Healthcare had a net margin of 3.20% and a return on equity of 32.34%. The business’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.10 EPS. As a group, sell-side analysts predict that Molina Healthcare, Inc. will post 23.62 EPS for the current year.

Insider Buying and Selling at Molina Healthcare

In other Molina Healthcare news, CFO Mark Lowell Keim sold 15,000 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $386.56, for a total value of $5,798,400.00. Following the sale, the chief financial officer now owns 36,531 shares of the company’s stock, valued at approximately $14,121,423.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Richard M. Schapiro sold 711 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $384.06, for a total value of $273,066.66. Following the sale, the director now owns 12,207 shares of the company’s stock, valued at approximately $4,688,220.42. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Mark Lowell Keim sold 15,000 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $386.56, for a total transaction of $5,798,400.00. Following the completion of the sale, the chief financial officer now directly owns 36,531 shares in the company, valued at approximately $14,121,423.36. The disclosure for this sale can be found here. Insiders have sold 16,711 shares of company stock valued at $6,472,517 in the last 90 days. 1.11% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on MOH shares. Wells Fargo & Company reduced their price objective on shares of Molina Healthcare from $440.00 to $410.00 and set an “equal weight” rating for the company in a research note on Monday. Cantor Fitzgerald restated an “overweight” rating and issued a $406.00 price objective on shares of Molina Healthcare in a research note on Thursday, April 4th. UBS Group boosted their price objective on shares of Molina Healthcare from $350.00 to $380.00 and gave the stock a “neutral” rating in a research note on Thursday, December 21st. Bank of America cut shares of Molina Healthcare from a “neutral” rating to an “underperform” rating and set a $439.00 price objective for the company. in a research note on Thursday, March 28th. Finally, StockNews.com cut shares of Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 8th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $393.09.

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.