First Trust Direct Indexing L.P. Buys 275 Shares of Molina Healthcare, Inc. (NYSE:MOH)

First Trust Direct Indexing L.P. grew its position in Molina Healthcare, Inc. (NYSE:MOH) by 11.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,767 shares of the company’s stock after purchasing an additional 275 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Molina Healthcare were worth $1,137,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Desjardins Global Asset Management Inc. lifted its holdings in Molina Healthcare by 4.4% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 763 shares of the company’s stock valued at $276,000 after purchasing an additional 32 shares during the last quarter. Ritholtz Wealth Management raised its stake in shares of Molina Healthcare by 2.1% in the fourth quarter. Ritholtz Wealth Management now owns 1,620 shares of the company’s stock valued at $585,000 after acquiring an additional 33 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Molina Healthcare by 11.5% in the 1st quarter. GAMMA Investing LLC now owns 330 shares of the company’s stock worth $136,000 after acquiring an additional 34 shares in the last quarter. Raleigh Capital Management Inc. grew 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 worth $41,000 after acquiring an additional 36 shares during the last quarter. Finally, Brighton Jones LLC grew its position in Molina Healthcare by 1.1% during the 4th quarter. Brighton Jones LLC now owns 3,357 shares of the company’s stock worth $1,213,000 after acquiring an additional 37 shares during the last quarter. Institutional investors own 98.50% of the company’s stock.

Molina Healthcare Price Performance

Shares of MOH stock opened at $296.39 on Friday. The firm’s 50 day moving average price is $322.85 and its two-hundred day moving average price is $360.96. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.49 and a current ratio of 1.49. Molina Healthcare, Inc. has a 52-week low of $288.79 and a 52-week high of $423.92. The stock has a market cap of $17.37 billion, a PE ratio of 16.08, a PEG ratio of 0.91 and a beta of 0.58.

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

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

MOH has been the topic of a number of recent analyst reports. Barclays reduced their price objective on Molina Healthcare from $437.00 to $430.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 25th. Wells Fargo & Company decreased their price objective on shares of Molina Healthcare from $410.00 to $375.00 and set an “equal weight” rating on the stock in a report on Monday, April 29th. Cantor Fitzgerald restated an “overweight” rating and issued a $406.00 price objective on shares of Molina Healthcare in a research report on Thursday, April 4th. Baird R W upgraded shares of Molina Healthcare to a “strong-buy” rating in a research report on Thursday, May 30th. Finally, Stephens reissued an “equal weight” rating and set a $390.00 price target on shares of Molina Healthcare in a research note on Thursday, April 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.