Bridgefront Capital LLC Buys Shares of 1,030 Molina Healthcare, Inc. (NYSE:MOH)

Bridgefront Capital LLC bought a new stake in shares of Molina Healthcare, Inc. (NYSE:MOH) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,030 shares of the company’s stock, valued at approximately $372,000.

A number of other institutional investors and hedge funds have also bought and sold shares of MOH. McIlrath & Eck LLC bought a new stake in Molina Healthcare during the 4th quarter valued at $34,000. VisionPoint Advisory Group LLC raised its position in Molina Healthcare by 105.6% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 111 shares of the company’s stock valued at $36,000 after purchasing an additional 57 shares in the last quarter. Raleigh Capital Management Inc. raised its position in Molina Healthcare by 40.4% during the 3rd quarter. Raleigh Capital Management Inc. now owns 125 shares of the company’s stock valued at $41,000 after purchasing an additional 36 shares in the last quarter. Principal Securities Inc. bought a new position in shares of Molina Healthcare in the 4th quarter worth $42,000. Finally, Householder Group Estate & Retirement Specialist LLC raised its position in shares of Molina Healthcare by 3,933.3% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 121 shares of the company’s stock worth $43,000 after acquiring an additional 118 shares in the last quarter. 98.50% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, COO James Woys sold 10,000 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $345.15, for a total value of $3,451,500.00. Following the completion of the transaction, the chief operating officer now owns 53,613 shares of the company’s stock, valued at approximately $18,504,526.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, COO James Woys sold 10,000 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $345.15, for a total value of $3,451,500.00. Following the completion of the transaction, the chief operating officer now owns 53,613 shares of the company’s stock, valued at approximately $18,504,526.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ronna Romney sold 250 shares of the company’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $343.27, for a total value of $85,817.50. Following the completion of the transaction, the director now directly owns 16,945 shares of the company’s stock, valued at approximately $5,816,710.15. The disclosure for this sale can be found here. 1.11% of the stock is currently owned by insiders.

Molina Healthcare Stock Performance

Shares of MOH stock opened at $304.84 on Thursday. The stock has a market cap of $17.86 billion, a PE ratio of 16.54, a price-to-earnings-growth ratio of 0.94 and a beta of 0.57. The business has a 50-day simple moving average of $343.88 and a 200-day simple moving average of $368.05. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.53. Molina Healthcare, Inc. has a 52-week low of $269.67 and a 52-week high of $423.92.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $5.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.46 by $0.27. The business had revenue of $9.93 billion during the quarter, compared to analysts’ expectations of $9.45 billion. Molina Healthcare had a return on equity of 29.86% and a net margin of 2.99%. The company’s revenue for the quarter was up 21.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.81 EPS. On average, equities analysts expect that Molina Healthcare, Inc. will post 23.56 EPS for the current year.

Wall Street Analyst Weigh In

MOH has been the subject of several recent research reports. Robert W. Baird initiated coverage on Molina Healthcare in a research report on Thursday, May 30th. They issued an “outperform” rating and a $405.00 price target for the company. TD Cowen reduced their price target on Molina Healthcare from $453.00 to $412.00 and set a “buy” rating for the company in a research report on Tuesday, April 30th. JPMorgan Chase & Co. reduced their price target on Molina Healthcare from $435.00 to $420.00 and set an “overweight” rating for the company in a research report on Thursday, May 30th. Wells Fargo & Company dropped their target price on Molina Healthcare from $410.00 to $375.00 and set an “equal weight” rating on the stock in a research note on Monday, April 29th. Finally, Stephens restated an “equal weight” rating and set a $390.00 target price on shares of Molina Healthcare in a research note on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $407.45.

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.