186 Shares in Molina Healthcare, Inc. (NYSE:MOH) Bought by Hurley Capital LLC

Hurley Capital LLC purchased a new stake in Molina Healthcare, Inc. (NYSE:MOH) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 186 shares of the company’s stock, valued at approximately $55,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MOH. Versant Capital Management Inc boosted its holdings in shares of Molina Healthcare by 83.1% in the 4th quarter. Versant Capital Management Inc now owns 163 shares of the company’s stock valued at $47,000 after buying an additional 74 shares during the last quarter. Wingate Wealth Advisors Inc. bought a new stake in Molina Healthcare during the fourth quarter worth $52,000. EverSource Wealth Advisors LLC lifted its stake in Molina Healthcare by 81.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 196 shares of the company’s stock valued at $57,000 after acquiring an additional 88 shares during the last quarter. Harvest Fund Management Co. Ltd grew its position in shares of Molina Healthcare by 895.0% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 199 shares of the company’s stock valued at $58,000 after acquiring an additional 179 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in shares of Molina Healthcare by 337.0% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 201 shares of the company’s stock worth $58,000 after purchasing an additional 155 shares during the last quarter. 98.50% of the stock is owned by institutional investors.

Molina Healthcare Trading Down 1.7 %

MOH stock opened at $347.26 on Friday. Molina Healthcare, Inc. has a 52 week low of $262.32 and a 52 week high of $383.58. The company has a market capitalization of $18.99 billion, a PE ratio of 17.00, a price-to-earnings-growth ratio of 1.06 and a beta of 0.56. The company’s 50-day simple moving average is $306.76 and its 200 day simple moving average is $308.73. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.62 and a current ratio of 1.62.

Molina Healthcare (NYSE:MOH) last announced its earnings results on Wednesday, February 5th. The company reported $5.05 EPS for the quarter, missing the consensus estimate of $5.74 by ($0.69). Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. As a group, sell-side analysts anticipate that Molina Healthcare, Inc. will post 24.4 earnings per share for the current year.

Insider Buying and Selling at Molina Healthcare

In related news, Director Steven J. Orlando sold 1,000 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $301.33, for a total value of $301,330.00. Following the transaction, the director now owns 17,375 shares in the company, valued at approximately $5,235,608.75. This trade represents a 5.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

MOH has been the subject of several recent analyst reports. Wells Fargo & Company upgraded shares of Molina Healthcare from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $295.00 to $372.00 in a research note on Wednesday, March 5th. Mizuho cut their price objective on Molina Healthcare from $382.00 to $376.00 and set an “outperform” rating for the company in a research report on Monday, March 3rd. StockNews.com lowered Molina Healthcare from a “buy” rating to a “hold” rating in a report on Thursday. UBS Group dropped their price target on Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating on the stock in a research note on Friday, February 7th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $350.00 price objective (down from $378.00) on shares of Molina Healthcare in a research report on Tuesday, December 17th. Seven equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $348.75.

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.