23,245 Shares in Molina Healthcare, Inc $MOH Bought by Silvant Capital Management LLC

Silvant Capital Management LLC purchased a new stake in shares of Molina Healthcare, Inc (NYSE:MOH) during the second quarter, HoldingsChannel reports. The fund purchased 23,245 shares of the company’s stock, valued at approximately $5,316,000.

Several other institutional investors have also bought and sold shares of the business. Torren Management LLC purchased a new position in shares of Molina Healthcare in the 4th quarter worth $26,000. Physician Wealth Advisors Inc. increased its holdings in shares of Molina Healthcare by 1,250.0% in the 1st quarter. Physician Wealth Advisors Inc. now owns 216 shares of the company’s stock worth $29,000 after buying an additional 200 shares during the last quarter. Quarry LP purchased a new stake in shares of Molina Healthcare during the 4th quarter valued at about $32,000. SJS Investment Consulting Inc. raised its position in shares of Molina Healthcare by 504.9% during the 1st quarter. SJS Investment Consulting Inc. now owns 248 shares of the company’s stock valued at $33,000 after buying an additional 207 shares in the last quarter. Finally, Elevation Wealth Partners LLC lifted its holdings in shares of Molina Healthcare by 118.2% in the 2nd quarter. Elevation Wealth Partners LLC now owns 144 shares of the company’s stock valued at $33,000 after acquiring an additional 78 shares during the last quarter. Institutional investors own 98.50% of the company’s stock.

Molina Healthcare Stock Performance

Shares of NYSE:MOH opened at $197.69 on Friday. The company has a market capitalization of $10.32 billion, a price-to-earnings ratio of -1,098.22, a PEG ratio of 28.82 and a beta of 0.75. Molina Healthcare, Inc has a 12 month low of $121.06 and a 12 month high of $244.89. The firm’s 50-day moving average is $211.25 and its 200 day moving average is $178.42. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.95.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings data on Wednesday, July 22nd. The company reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.12. The company had revenue of $10.87 billion for the quarter, compared to analyst estimates of $10.83 billion. Molina Healthcare had a negative net margin of 0.02% and a positive return on equity of 3.73%. The firm’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same period in the prior year, the company posted $5.48 EPS. Research analysts predict that Molina Healthcare, Inc will post 5.29 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on MOH. Mizuho set a $215.00 price target on Molina Healthcare in a research report on Monday, June 8th. Wall Street Zen raised Molina Healthcare from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Truist Financial lowered their price objective on Molina Healthcare from $250.00 to $225.00 and set a “hold” rating for the company in a research note on Friday, July 24th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $129.00 target price on shares of Molina Healthcare in a research report on Friday, April 24th. Finally, Barclays decreased their price target on Molina Healthcare from $184.00 to $180.00 and set an “underweight” rating on the stock in a report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $202.44.

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.