Rakuten Investment Management Inc. Purchases Shares of 295,736 Molina Healthcare, Inc $MOH

Rakuten Investment Management Inc. acquired a new position in shares of Molina Healthcare, Inc (NYSE:MOH) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 295,736 shares of the company’s stock, valued at approximately $56,592,000. Rakuten Investment Management Inc. owned about 0.55% of Molina Healthcare at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Universal Beteiligungs und Servicegesellschaft mbH grew its position in Molina Healthcare by 6.9% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 57,270 shares of the company’s stock worth $10,959,000 after acquiring an additional 3,690 shares during the last quarter. Chicago Partners Investment Group LLC bought a new position in Molina Healthcare in the 3rd quarter valued at $936,000. Allegiance Financial Group Advisory Services LLC boosted its stake in Molina Healthcare by 106.1% in the third quarter. Allegiance Financial Group Advisory Services LLC now owns 1,599 shares of the company’s stock worth $306,000 after purchasing an additional 823 shares in the last quarter. Jackson Thornton Wealth Management LLC bought a new stake in shares of Molina Healthcare during the third quarter worth $654,000. Finally, Inscription Capital LLC increased its stake in shares of Molina Healthcare by 764.6% in the third quarter. Inscription Capital LLC now owns 6,943 shares of the company’s stock valued at $1,329,000 after buying an additional 6,140 shares in the last quarter. Institutional investors own 98.50% of the company’s stock.

Analysts Set New Price Targets

MOH has been the topic of several research reports. Wall Street Zen downgraded shares of Molina Healthcare from a “hold” rating to a “sell” rating in a research report on Saturday, October 25th. Morgan Stanley set a $158.00 target price on shares of Molina Healthcare in a research report on Friday, October 24th. UBS Group lowered their price target on shares of Molina Healthcare from $180.00 to $170.00 and set a “neutral” rating for the company in a report on Friday, October 24th. Cantor Fitzgerald dropped their price objective on shares of Molina Healthcare from $210.00 to $180.00 and set a “neutral” rating for the company in a research report on Friday, October 24th. Finally, Wells Fargo & Company increased their price objective on Molina Healthcare from $165.00 to $208.00 and gave the company an “overweight” rating in a research report on Wednesday, January 7th. Three research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $193.47.

Insider Buying and Selling at Molina Healthcare

In other news, Director Richard M. Schapiro sold 357 shares of the firm’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $143.02, for a total value of $51,058.14. Following the transaction, the director directly owned 11,352 shares in the company, valued at $1,623,563.04. This trade represents a 3.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.26% of the stock is currently owned by company insiders.

Molina Healthcare Trading Down 0.1%

MOH opened at $191.29 on Wednesday. The firm has a 50 day simple moving average of $162.54 and a 200 day simple moving average of $173.18. Molina Healthcare, Inc has a fifty-two week low of $133.40 and a fifty-two week high of $359.97. The company has a market cap of $10.37 billion, a price-to-earnings ratio of 11.84 and a beta of 0.49. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.68 and a quick ratio of 1.68.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings data on Wednesday, October 22nd. The company reported $1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.97 by ($2.13). Molina Healthcare had a net margin of 1.98% and a return on equity of 22.95%. The business had revenue of $11.48 billion during the quarter, compared to the consensus estimate of $10.99 billion. During the same period in the previous year, the business posted $6.01 earnings per share. Molina Healthcare’s revenue was up 11.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Molina Healthcare, Inc will post 24.4 earnings per share for the current year.

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.