Susquehanna Fundamental Investments LLC Acquires 1,565 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Susquehanna Fundamental Investments LLC raised its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH) by 11.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,741 shares of the company’s stock after purchasing an additional 1,565 shares during the quarter. Susquehanna Fundamental Investments LLC’s holdings in Molina Healthcare were worth $3,983,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in MOH. Fifth Third Bancorp lifted its holdings in shares of Molina Healthcare by 58.1% in the 1st quarter. Fifth Third Bancorp now owns 136 shares of the company’s stock worth $32,000 after acquiring an additional 50 shares during the last quarter. IndexIQ Advisors LLC bought a new stake in shares of Molina Healthcare in the 1st quarter worth about $33,000. Cullen Frost Bankers Inc. bought a new stake in shares of Molina Healthcare in the 2nd quarter worth about $41,000. Ameritas Investment Company LLC bought a new stake in shares of Molina Healthcare in the 1st quarter worth about $75,000. Finally, Stephenson National Bank & Trust bought a new stake in shares of Molina Healthcare in the 2nd quarter worth about $91,000. Institutional investors and hedge funds own 93.65% of the company’s stock.

NYSE MOH opened at $279.33 on Wednesday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.55 and a current ratio of 1.55. The company has a market capitalization of $16.31 billion, a price-to-earnings ratio of 26.08, a price-to-earnings-growth ratio of 1.06 and a beta of 0.70. The company’s 50-day simple moving average is $263.38 and its two-hundred day simple moving average is $253.15. Molina Healthcare, Inc. has a one year low of $151.40 and a one year high of $283.81.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings data on Wednesday, July 28th. The company reported $3.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.47 by ($0.07). Molina Healthcare had a return on equity of 28.54% and a net margin of 2.68%. The firm had revenue of $6.80 billion during the quarter, compared to analysts’ expectations of $6.37 billion. Equities analysts expect that Molina Healthcare, Inc. will post 13.47 earnings per share for the current fiscal year.

In other Molina Healthcare news, Director Dale B. Wolf sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 3rd. The shares were sold at an average price of $277.19, for a total transaction of $692,975.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Ronna Romney sold 300 shares of the business’s stock in a transaction that occurred on Monday, August 9th. The stock was sold at an average price of $265.16, for a total transaction of $79,548.00. The disclosure for this sale can be found here. 1.49% of the stock is owned by insiders.

A number of equities research analysts recently weighed in on MOH shares. Seaport Global Securities started coverage on shares of Molina Healthcare in a report on Friday, July 9th. They set a “neutral” rating and a $257.25 price objective for the company. Mizuho lifted their price objective on shares of Molina Healthcare from $284.00 to $305.00 and gave the company a “buy” rating in a report on Monday. Truist lifted their price objective on shares of Molina Healthcare from $300.00 to $330.00 and gave the company a “buy” rating in a report on Monday. Stephens lifted their price objective on shares of Molina Healthcare from $260.00 to $280.00 and gave the company an “equal weight” rating in a report on Monday. Finally, Zacks Investment Research upgraded shares of Molina Healthcare from a “hold” rating to a “buy” rating and set a $267.00 price objective for the company in a report on Tuesday, May 25th. One analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Molina Healthcare presently has an average rating of “Buy” and an average target price of $287.22.

About Molina Healthcare

Molina Healthcare, Inc engages in the provision of health care services. It operates through the Health Plans and Other segments. The Health Plans segment consists of health plans in 11 states and the Commonwealth of Puerto Rico and includes direct delivery business. The Other segment includes the historical results of the MMIS and behavioral health subsidiaries.

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Institutional Ownership by Quarter for Molina Healthcare (NYSE:MOH)

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