Allegiance Financial Group Advisory Services LLC Has $231,000 Stake in Molina Healthcare, Inc $MOH

Allegiance Financial Group Advisory Services LLC decreased its stake in Molina Healthcare, Inc (NYSE:MOH) by 23.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 776 shares of the company’s stock after selling 242 shares during the period. Allegiance Financial Group Advisory Services LLC’s holdings in Molina Healthcare were worth $231,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. KLP Kapitalforvaltning AS increased its holdings in Molina Healthcare by 5.5% in the second quarter. KLP Kapitalforvaltning AS now owns 21,200 shares of the company’s stock valued at $6,315,000 after purchasing an additional 1,100 shares during the period. Sendero Wealth Management LLC acquired a new position in shares of Molina Healthcare during the 2nd quarter valued at $4,878,000. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Molina Healthcare by 9.3% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,477 shares of the company’s stock valued at $2,227,000 after buying an additional 636 shares during the period. Lecap Asset Management Ltd. acquired a new position in shares of Molina Healthcare during the second quarter worth approximately $326,000. Finally, ASR Vermogensbeheer N.V. lifted its stake in shares of Molina Healthcare by 57.7% in the second quarter. ASR Vermogensbeheer N.V. now owns 2,087 shares of the company’s stock valued at $622,000 after buying an additional 764 shares in the last quarter. 98.50% of the stock is currently owned by institutional investors.

Molina Healthcare Trading Down 0.1%

NYSE MOH opened at $202.97 on Thursday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.66 and a current ratio of 1.66. The stock has a 50 day simple moving average of $176.65 and a two-hundred day simple moving average of $250.92. The stock has a market cap of $11.00 billion, a P/E ratio of 10.00 and a beta of 0.55. Molina Healthcare, Inc has a fifty-two week low of $151.95 and a fifty-two week high of $359.97.

Molina Healthcare (NYSE:MOH) last announced its earnings results on Wednesday, July 23rd. The company reported $5.48 earnings per share for the quarter, missing analysts’ consensus estimates of $5.50 by ($0.02). The company had revenue of $11.43 billion for the quarter, compared to the consensus estimate of $10.94 billion. Molina Healthcare had a net margin of 2.60% and a return on equity of 27.72%. The company’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same period in the previous year, the firm posted $5.86 EPS. On average, analysts forecast that Molina Healthcare, Inc will post 24.4 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Ronna Romney sold 700 shares of the business’s stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $153.74, for a total value of $107,618.00. Following the completion of the transaction, the director owned 17,131 shares in the company, valued at $2,633,719.94. The trade was a 3.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO James Woys acquired 10,000 shares of the stock in a transaction that occurred on Monday, August 4th. The shares were bought at an average price of $155.94 per share, for a total transaction of $1,559,400.00. Following the transaction, the chief operating officer owned 74,331 shares of the company’s stock, valued at $11,591,176.14. This trade represents a 15.54% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on MOH shares. Mizuho cut their price objective on shares of Molina Healthcare from $400.00 to $330.00 and set an “outperform” rating on the stock in a report on Friday, July 11th. JPMorgan Chase & Co. lowered their target price on Molina Healthcare from $272.00 to $184.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 29th. Sanford C. Bernstein reduced their price objective on shares of Molina Healthcare from $284.00 to $220.00 and set an “outperform” rating for the company in a research note on Friday, September 5th. Cantor Fitzgerald reiterated a “neutral” rating and set a $210.00 price target on shares of Molina Healthcare in a research report on Tuesday, August 26th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Molina Healthcare in a research report on Wednesday. Three analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Molina Healthcare currently has a consensus rating of “Hold” and a consensus price target of $228.18.

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.