Molina Healthcare, Inc $MOH Shares Sold by Allegiance Financial Group Advisory Services LLC

Allegiance Financial Group Advisory Services LLC lowered its holdings in shares of Molina Healthcare, Inc (NYSE:MOH) by 23.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Amalgamated Bank increased its position in Molina Healthcare by 0.3% in the 1st quarter. Amalgamated Bank now owns 11,580 shares of the company’s stock worth $3,814,000 after purchasing an additional 33 shares during the last quarter. Deseret Mutual Benefit Administrators lifted its stake 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 during the last quarter. JLB & Associates Inc. boosted its holdings in Molina Healthcare by 0.3% during the first quarter. JLB & Associates Inc. now owns 10,626 shares of the company’s stock valued at $3,500,000 after acquiring an additional 36 shares during the period. PenderFund Capital Management Ltd. boosted its stake in Molina Healthcare by 0.4% during the 1st quarter. PenderFund Capital Management Ltd. now owns 10,071 shares of the company’s stock valued at $3,317,000 after purchasing an additional 40 shares during the period. Finally, Vestcor Inc increased its position in Molina Healthcare by 2.3% during the first quarter. Vestcor Inc now owns 2,158 shares of the company’s stock worth $711,000 after acquiring an additional 48 shares during the period. 98.50% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Sanford C. Bernstein lowered their price target on Molina Healthcare from $284.00 to $220.00 and set an “outperform” rating on the stock in a research note on Friday, September 5th. Wells Fargo & Company lifted their price target on shares of Molina Healthcare from $198.00 to $231.00 and gave the company an “overweight” rating in a report on Tuesday. Mizuho decreased their target price on 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. decreased their price target on shares of Molina Healthcare from $272.00 to $184.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 29th. Finally, UBS Group lowered their price objective on Molina Healthcare from $260.00 to $180.00 and set a “neutral” rating for the company in a research report on Friday, July 25th. Three investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $228.18.

Molina Healthcare Stock Performance

Shares of MOH opened at $202.97 on Thursday. The stock has a market capitalization of $11.00 billion, a price-to-earnings ratio of 10.00 and a beta of 0.55. Molina Healthcare, Inc has a 12 month low of $151.95 and a 12 month high of $359.97. The firm has a fifty day simple moving average of $176.65 and a 200 day simple moving average of $250.92. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.77.

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

Insider Activity at Molina Healthcare

In other news, COO James Woys purchased 10,000 shares of Molina Healthcare stock in a transaction that occurred on Monday, August 4th. The stock was acquired at an average cost of $155.94 per share, for a total transaction of $1,559,400.00. Following the purchase, the chief operating officer directly owned 74,331 shares of the company’s stock, valued at $11,591,176.14. This trade represents a 15.54% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Ronna Romney sold 700 shares of the business’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $153.74, for a total transaction of $107,618.00. Following the completion of the sale, the director directly 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 disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

Molina Healthcare 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.