Aurora Investment Counsel Acquires New Shares in Molina Healthcare, Inc. (NYSE:MOH)

Aurora Investment Counsel bought a new stake in Molina Healthcare, Inc. (NYSE:MOH) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 6,254 shares of the company’s stock, valued at approximately $1,859,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Molina Healthcare by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 6,585,954 shares of the company’s stock worth $2,379,571,000 after buying an additional 23,715 shares during the period. Capital World Investors lifted its stake in Molina Healthcare by 0.3% in the fourth quarter. Capital World Investors now owns 5,490,147 shares of the company’s stock worth $1,983,645,000 after purchasing an additional 14,775 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Molina Healthcare by 12.8% during the fourth quarter. Wellington Management Group LLP now owns 3,831,100 shares of the company’s stock valued at $1,384,215,000 after buying an additional 436,060 shares during the last quarter. Capital Research Global Investors raised its holdings in shares of Molina Healthcare by 5.4% in the fourth quarter. Capital Research Global Investors now owns 2,430,283 shares of the company’s stock worth $878,086,000 after buying an additional 123,894 shares during the period. Finally, Capital International Investors lifted its stake in shares of Molina Healthcare by 0.9% during the 1st quarter. Capital International Investors now owns 1,665,801 shares of the company’s stock worth $684,361,000 after acquiring an additional 15,264 shares during the last quarter. 98.50% of the stock is owned by hedge funds and other institutional investors.

Molina Healthcare Trading Up 0.8 %

NYSE:MOH opened at $344.56 on Tuesday. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.49. Molina Healthcare, Inc. has a 52-week low of $282.96 and a 52-week high of $423.92. The stock’s 50 day moving average price is $340.66 and its 200 day moving average price is $340.88. The company has a market capitalization of $20.19 billion, a PE ratio of 18.70, a P/E/G ratio of 1.21 and a beta of 0.57.

Molina Healthcare (NYSE:MOH) last announced its earnings results on Wednesday, July 24th. The company reported $5.86 EPS for the quarter, beating analysts’ consensus estimates of $5.73 by $0.13. Molina Healthcare had a net margin of 2.84% and a return on equity of 28.09%. The business had revenue of $9.88 billion for the quarter, compared to analysts’ expectations of $9.75 billion. During the same period in the previous year, the company posted $5.65 EPS. The company’s quarterly revenue was up 18.7% on a year-over-year basis. On average, research analysts anticipate that Molina Healthcare, Inc. will post 23.5 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. StockNews.com cut shares of Molina Healthcare from a “buy” rating to a “hold” rating in a report on Wednesday, September 18th. Stephens reiterated an “equal weight” rating and set a $320.00 price target on shares of Molina Healthcare in a research note on Thursday, July 25th. JPMorgan Chase & Co. cut their price target on Molina Healthcare from $420.00 to $395.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 10th. Truist Financial dropped their price objective on Molina Healthcare from $440.00 to $400.00 and set a “buy” rating on the stock in a report on Monday, July 15th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $406.00 price objective on shares of Molina Healthcare in a research report on Tuesday, September 10th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $378.00.

Insider Transactions at Molina Healthcare

In related news, Director Steven J. Orlando sold 1,000 shares of the business’s stock in a transaction dated Tuesday, July 30th. The stock was 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 approximately $6,114,260.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CAO Maurice Hebert sold 393 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $346.52, for a total value of $136,182.36. Following the completion of the sale, the chief accounting officer now owns 9,473 shares in the company, valued at $3,282,583.96. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Steven J. Orlando sold 1,000 shares of Molina Healthcare stock in a transaction that occurred 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 completion of the sale, the director now directly 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 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.