Keybank National Association OH Purchases Shares of 1,139 Molina Healthcare, Inc. (NYSE:MOH)

Keybank National Association OH purchased a new stake in Molina Healthcare, Inc. (NYSE:MOHFree Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,139 shares of the company’s stock, valued at approximately $373,000.

A number of other institutional investors also recently modified their holdings of MOH. Brighton Jones LLC grew its position in Molina Healthcare by 1.0% in the second quarter. Brighton Jones LLC now owns 3,302 shares of the company’s stock valued at $995,000 after acquiring an additional 33 shares during the last quarter. Captrust Financial Advisors grew its holdings in shares of Molina Healthcare by 0.5% during the 2nd quarter. Captrust Financial Advisors now owns 6,315 shares of the company’s stock valued at $1,766,000 after purchasing an additional 33 shares during the last quarter. Financial Gravity Asset Management Inc. increased its position in Molina Healthcare by 12.7% during the 2nd quarter. Financial Gravity Asset Management Inc. now owns 301 shares of the company’s stock worth $12,106,000 after purchasing an additional 34 shares in the last quarter. EFG Asset Management Americas Corp. lifted its stake in Molina Healthcare by 3.0% in the 2nd quarter. EFG Asset Management Americas Corp. now owns 1,238 shares of the company’s stock valued at $373,000 after purchasing an additional 36 shares during the last quarter. Finally, Capital Group Private Client Services Inc. lifted its stake in Molina Healthcare by 0.7% in the 2nd quarter. Capital Group Private Client Services Inc. now owns 5,464 shares of the company’s stock valued at $1,646,000 after purchasing an additional 38 shares during the last quarter. Institutional investors and hedge funds own 98.11% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on MOH. Cantor Fitzgerald reiterated an “overweight” rating and set a $374.00 price target on shares of Molina Healthcare in a report on Tuesday, November 21st. StockNews.com cut Molina Healthcare from a “strong-buy” rating to a “buy” rating in a report on Thursday. JPMorgan Chase & Co. lifted their price target on Molina Healthcare from $367.00 to $392.00 and gave the company an “overweight” rating in a research note on Friday, November 17th. Finally, UBS Group upped their price objective on Molina Healthcare from $350.00 to $380.00 and gave the company a “neutral” rating in a research note on Thursday, December 21st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $354.30.

Read Our Latest Stock Report on Molina Healthcare

Insider Buying and Selling at Molina Healthcare

In other news, Director Ronna Romney sold 335 shares of Molina Healthcare stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $358.00, for a total value of $119,930.00. Following the completion of the transaction, the director now directly owns 16,907 shares of the company’s stock, valued at approximately $6,052,706. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.10% of the company’s stock.

Molina Healthcare Stock Performance

Shares of MOH stock opened at $381.32 on Friday. The stock has a market capitalization of $22.23 billion, a PE ratio of 23.77, a PEG ratio of 1.03 and a beta of 0.45. The business’s 50 day simple moving average is $366.77 and its 200 day simple moving average is $344.14. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.47 and a quick ratio of 1.47. Molina Healthcare, Inc. has a one year low of $256.19 and a one year high of $391.21.

Molina Healthcare (NYSE:MOHGet Free Report) last posted its quarterly earnings data on Wednesday, February 7th. The company reported $4.38 EPS for the quarter, beating analysts’ consensus estimates of $4.31 by $0.07. Molina Healthcare had a net margin of 2.80% and a return on equity of 34.85%. The company had revenue of $9.05 billion for the quarter, compared to analyst estimates of $8.35 billion. During the same period in the prior year, the firm posted $4.10 EPS. The company’s quarterly revenue was up 10.0% on a year-over-year basis. As a group, research analysts forecast that Molina Healthcare, Inc. will post 20.82 earnings per share for the current year.

About Molina Healthcare

(Free Report)

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.

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Institutional Ownership by Quarter for Molina Healthcare (NYSE:MOH)

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