Molina Healthcare, Inc. (NYSE:MOH) Shares Acquired by Overbrook Management Corp

Overbrook Management Corp increased its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH) by 14.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,784 shares of the company’s stock after acquiring an additional 3,777 shares during the quarter. Molina Healthcare makes up approximately 2.2% of Overbrook Management Corp’s holdings, making the stock its 21st biggest holding. Overbrook Management Corp owned 0.05% of Molina Healthcare worth $8,855,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Norges Bank bought a new position in shares of Molina Healthcare in the fourth quarter valued at approximately $275,143,000. Wellington Management Group LLP boosted its holdings in Molina Healthcare by 12.8% during the fourth quarter. Wellington Management Group LLP now owns 3,831,100 shares of the company’s stock worth $1,384,215,000 after buying an additional 436,060 shares in the last quarter. Swedbank AB bought a new stake in Molina Healthcare during the first quarter worth approximately $69,320,000. Capital Research Global Investors boosted its holdings in Molina Healthcare by 5.4% during 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 in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in Molina Healthcare by 127.0% during the fourth quarter. The Manufacturers Life Insurance Company now owns 192,847 shares of the company’s stock worth $69,678,000 after buying an additional 107,895 shares in the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.

Molina Healthcare Trading Up 0.6 %

NYSE MOH traded up $1.94 during trading on Friday, reaching $345.82. 270,981 shares of the stock traded hands, compared to its average volume of 492,973. The firm has a market cap of $20.27 billion, a price-to-earnings ratio of 18.76, a price-to-earnings-growth ratio of 1.20 and a beta of 0.58. The stock’s 50-day moving average price is $316.50 and its 200 day moving average price is $349.88. 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 fifty-two week low of $282.96 and a fifty-two week high of $423.92.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings results on Wednesday, July 24th. The company reported $5.86 earnings per share for the quarter, beating the consensus estimate of $5.73 by $0.13. The company had revenue of $9.88 billion during the quarter, compared to analysts’ expectations of $9.75 billion. Molina Healthcare had a net margin of 2.84% and a return on equity of 28.09%. The business’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $5.65 earnings per share. Analysts predict that Molina Healthcare, Inc. will post 23.5 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on MOH shares. Robert W. Baird initiated coverage on shares of Molina Healthcare in a report on Thursday, May 30th. They set an “outperform” rating and a $405.00 target price for the company. TD Cowen reduced their price target on shares of Molina Healthcare from $412.00 to $351.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Wells Fargo & Company increased their target price on shares of Molina Healthcare from $315.00 to $360.00 and gave the stock an “equal weight” rating in a research report on Monday, August 5th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $406.00 target price on shares of Molina Healthcare in a research report on Monday, August 19th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Molina Healthcare from $354.00 to $353.00 and set a “hold” rating on the stock in a report on Monday, July 29th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $378.00.

Insider Activity

In other news, CAO Maurice Hebert sold 393 shares of the company’s stock in a transaction that occurred 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 completion of 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 filing with the Securities & Exchange Commission, which can be accessed through this link. In other 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 sale, the director now owns 18,025 shares of the company’s stock, valued at $6,114,260.25. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Maurice Hebert sold 393 shares of the business’s stock in a transaction 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 completion of the sale, the chief accounting officer now directly owns 9,473 shares in the company, valued at approximately $3,282,583.96. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

About Molina Healthcare

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.