Scientech Research LLC Buys New Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Scientech Research LLC bought a new stake in Molina Healthcare, Inc. (NYSE:MOH) in the 2nd quarter, Holdings Channel.com reports. The firm bought 8,234 shares of the company’s stock, valued at approximately $2,448,000. Molina Healthcare accounts for about 0.5% of Scientech Research LLC’s portfolio, making the stock its 17th largest position.

Several other hedge funds have also recently bought and sold shares of the stock. Scion Asset Management LLC acquired a new stake in Molina Healthcare during the second quarter worth approximately $7,293,000. Mackenzie Financial Corp increased its holdings in shares of Molina Healthcare by 22.1% during the second quarter. Mackenzie Financial Corp now owns 7,641 shares of the company’s stock worth $2,272,000 after purchasing an additional 1,384 shares during the period. Maverick Capital Ltd. increased its holdings in shares of Molina Healthcare by 404.1% during the second quarter. Maverick Capital Ltd. now owns 5,863 shares of the company’s stock worth $1,743,000 after purchasing an additional 4,700 shares during the period. MBB Public Markets I LLC bought a new position in shares of Molina Healthcare during the second quarter worth approximately $1,269,000. Finally, Deerfield Management Company L.P. Series C bought a new position in shares of Molina Healthcare during the second quarter worth approximately $303,000. 98.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Molina Healthcare

In related news, Director Steven J. Orlando sold 1,000 shares of the business’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $339.21, for a total value of $339,210.00. Following the transaction, the director now owns 18,025 shares in the company, valued at $6,114,260.25. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, CAO Maurice Hebert sold 393 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $346.52, for a total value of $136,182.36. Following the transaction, the chief accounting officer now owns 9,473 shares in the company, valued at $3,282,583.96. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Steven J. Orlando sold 1,000 shares of the company’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $339.21, for a total transaction of $339,210.00. Following the transaction, 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. 1.10% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Jefferies Financial Group lowered their target price on shares of Molina Healthcare from $354.00 to $297.00 and set a “hold” rating on the stock in a report on Wednesday, July 24th. Baird R W raised shares of Molina Healthcare to a “strong-buy” rating in a report on Thursday, May 30th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $406.00 target price on shares of Molina Healthcare in a report on Tuesday, September 10th. Stephens reissued an “equal weight” rating and issued a $320.00 price objective on shares of Molina Healthcare in a research note on Thursday, July 25th. Finally, Robert W. Baird began coverage on shares of Molina Healthcare in a research note on Thursday, May 30th. They issued an “outperform” rating and a $405.00 price objective on the stock. One analyst has rated the stock with a sell rating, seven have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $378.00.

Molina Healthcare Stock Performance

NYSE MOH opened at $338.34 on Friday. The stock has a market cap of $19.83 billion, a PE ratio of 18.36, a PEG ratio of 1.21 and a beta of 0.57. The firm’s fifty day moving average price is $339.59 and its two-hundred day moving average price is $342.18. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.57 and a current ratio of 1.57. Molina Healthcare, Inc. has a fifty-two week low of $282.96 and a fifty-two week high of $423.92.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $5.86 EPS for the quarter, topping analysts’ consensus estimates of $5.73 by $0.13. The company had revenue of $9.88 billion for the quarter, compared to analyst estimates of $9.75 billion. Molina Healthcare had a net margin of 2.84% and a return on equity of 28.09%. Molina Healthcare’s revenue was up 18.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.65 earnings per share. On average, equities analysts expect that Molina Healthcare, Inc. will post 23.5 EPS for the current fiscal year.

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.