Yousif Capital Management LLC Reduces Position in Molina Healthcare, Inc $MOH

Yousif Capital Management LLC cut its holdings in shares of Molina Healthcare, Inc (NYSE:MOH) by 2.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 7,530 shares of the company’s stock after selling 220 shares during the quarter. Yousif Capital Management LLC’s holdings in Molina Healthcare were worth $2,243,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Zions Bancorporation National Association UT purchased a new stake in Molina Healthcare during the first quarter valued at about $29,000. Deseret Mutual Benefit Administrators lifted its holdings in shares of Molina Healthcare by 60.7% in the first quarter. Deseret Mutual Benefit Administrators now owns 90 shares of the company’s stock worth $30,000 after buying an additional 34 shares in the last quarter. Elequin Capital LP lifted its holdings in shares of Molina Healthcare by 170.6% in the first quarter. Elequin Capital LP now owns 92 shares of the company’s stock worth $30,000 after buying an additional 58 shares in the last quarter. Silver Oak Securities Incorporated purchased a new stake in shares of Molina Healthcare in the first quarter worth about $34,000. Finally, Allworth Financial LP lifted its holdings in shares of Molina Healthcare by 52.0% in the first quarter. Allworth Financial LP now owns 228 shares of the company’s stock worth $72,000 after buying an additional 78 shares in the last quarter. 98.50% of the stock is owned by hedge funds and other institutional investors.

Molina Healthcare Stock Up 2.1%

Shares of NYSE MOH opened at $192.47 on Friday. Molina Healthcare, Inc has a one year low of $151.95 and a one year high of $359.97. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.66 and a quick ratio of 1.66. The firm’s 50 day simple moving average is $181.93 and its two-hundred day simple moving average is $244.17. The stock has a market capitalization of $10.43 billion, a P/E ratio of 9.49 and a beta of 0.55.

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

Insider Transactions at Molina Healthcare

In other news, Director Ronna Romney sold 700 shares of the business’s stock in a transaction dated 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 sale, the director owned 17,131 shares of the company’s stock, valued at approximately $2,633,719.94. The trade was a 3.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO James Woys bought 10,000 shares of the business’s stock in a transaction dated Monday, August 4th. The stock was purchased at an average price of $155.94 per share, for a total transaction of $1,559,400.00. Following the acquisition, the chief operating officer directly owned 74,331 shares of the company’s stock, valued at approximately $11,591,176.14. The trade was a 15.54% increase in their position. The disclosure for this purchase can be found here. Insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on MOH shares. Cantor Fitzgerald reissued a “neutral” rating and issued a $210.00 price target on shares of Molina Healthcare in a report on Tuesday, August 26th. Robert W. Baird lowered their price target on shares of Molina Healthcare from $373.00 to $179.00 and set a “neutral” rating on the stock in a report on Friday, July 25th. JPMorgan Chase & Co. lowered their price target on shares of Molina Healthcare from $272.00 to $184.00 and set a “neutral” rating on the stock in a report on Tuesday, July 29th. UBS Group lowered their price target on shares of Molina Healthcare from $260.00 to $180.00 and set a “neutral” rating on the stock in a report on Friday, July 25th. Finally, Wells Fargo & Company increased their price target on shares of Molina Healthcare from $198.00 to $231.00 and gave the stock an “overweight” rating in a report on Tuesday, October 7th. Three equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $222.15.

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.