Vanguard Personalized Indexing Management LLC Has $1.57 Million Stock Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Vanguard Personalized Indexing Management LLC decreased its position in shares of Molina Healthcare, Inc. (NYSE:MOH) by 3.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,340 shares of the company’s stock after selling 197 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Molina Healthcare were worth $1,571,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MOH. Innealta Capital LLC purchased a new stake in shares of Molina Healthcare during the 2nd quarter worth about $36,000. Ashton Thomas Private Wealth LLC bought a new position in Molina Healthcare during the second quarter valued at approximately $40,000. Principal Securities Inc. bought a new position in Molina Healthcare during the fourth quarter valued at approximately $42,000. AM Squared Ltd bought a new stake in Molina Healthcare in the second quarter worth approximately $59,000. Finally, Mather Group LLC. acquired a new position in shares of Molina Healthcare during the 1st quarter worth $123,000. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. TD Cowen reduced their price objective on shares of Molina Healthcare from $412.00 to $351.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Stephens reaffirmed an “equal weight” rating and issued a $320.00 price target on shares of Molina Healthcare in a research report on Thursday, July 25th. Jefferies Financial Group lowered their price objective on Molina Healthcare from $354.00 to $297.00 and set a “hold” rating on the stock in a report on Wednesday, July 24th. Wells Fargo & Company boosted their target price on Molina Healthcare from $315.00 to $360.00 and gave the stock an “equal weight” rating in a report on Monday, August 5th. Finally, StockNews.com cut Molina Healthcare from a “buy” rating to a “hold” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $378.00.

Molina Healthcare Trading Up 0.4 %

Shares of MOH stock opened at $351.42 on Friday. The firm has a market capitalization of $20.59 billion, a P/E ratio of 19.07, a price-to-earnings-growth ratio of 1.20 and a beta of 0.57. Molina Healthcare, Inc. has a 1 year low of $282.96 and a 1 year high of $423.92. The firm’s fifty day simple moving average is $335.60 and its 200 day simple moving average is $343.15. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.49.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings data on Wednesday, July 24th. The company reported $5.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.73 by $0.13. Molina Healthcare had a net margin of 2.84% and a return on equity of 28.09%. The company had revenue of $9.88 billion for the quarter, compared to the consensus estimate of $9.75 billion. During the same quarter in the previous year, the firm posted $5.65 EPS. The business’s revenue was up 18.7% compared to the same quarter last year. As a group, sell-side analysts predict that Molina Healthcare, Inc. will post 23.5 EPS for the current year.

Insider Buying and Selling at Molina Healthcare

In other news, CAO Maurice Hebert sold 393 shares of Molina Healthcare stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $346.52, for a total transaction of $136,182.36. Following the sale, the chief accounting officer now owns 9,473 shares of the company’s stock, valued at approximately $3,282,583.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CAO Maurice Hebert sold 393 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $346.52, for a total value of $136,182.36. Following the completion of the transaction, the chief accounting officer now directly owns 9,473 shares of the company’s stock, valued at $3,282,583.96. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Steven J. Orlando sold 1,000 shares of Molina Healthcare stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $339.21, for a total transaction of $339,210.00. Following the sale, the director now owns 18,025 shares in the company, valued at approximately $6,114,260.25. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

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.