SRS Capital Advisors Inc. Purchases 445 Shares of Molina Healthcare, Inc. (NYSE:MOH)

SRS Capital Advisors Inc. lifted its position in shares of Molina Healthcare, Inc. (NYSE:MOH) by 300.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 593 shares of the company’s stock after purchasing an additional 445 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Molina Healthcare were worth $173,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Public Sector Pension Investment Board boosted its holdings in shares of Molina Healthcare by 13.5% during the 3rd quarter. Public Sector Pension Investment Board now owns 2,527 shares of the company’s stock valued at $871,000 after buying an additional 300 shares in the last quarter. Tributary Capital Management LLC boosted its stake in Molina Healthcare by 76.1% during the fourth quarter. Tributary Capital Management LLC now owns 4,190 shares of the company’s stock worth $1,219,000 after acquiring an additional 1,811 shares in the last quarter. Everence Capital Management Inc. purchased a new stake in Molina Healthcare in the fourth quarter worth about $544,000. SYM FINANCIAL Corp bought a new position in shares of Molina Healthcare during the fourth quarter valued at approximately $249,000. Finally, Oddo BHF Asset Management Sas purchased a new position in shares of Molina Healthcare during the third quarter valued at approximately $2,947,000. 98.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on MOH. JPMorgan Chase & Co. restated a “neutral” rating and issued a $350.00 price target (down previously from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th. StockNews.com cut Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 8th. Mizuho dropped their price target on shares of Molina Healthcare from $382.00 to $376.00 and set an “outperform” rating on the stock in a research note on Monday. Stephens restated an “equal weight” rating and set a $345.00 price objective on shares of Molina Healthcare in a research note on Thursday, February 6th. Finally, UBS Group decreased their target price on shares of Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating for the company in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $355.69.

Molina Healthcare Trading Up 1.8 %

NYSE:MOH opened at $312.05 on Thursday. The company has a market cap of $17.32 billion, a PE ratio of 15.27, a price-to-earnings-growth ratio of 1.06 and a beta of 0.54. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.69. The company has a 50 day simple moving average of $293.65 and a two-hundred day simple moving average of $311.96. Molina Healthcare, Inc. has a 12 month low of $262.32 and a 12 month high of $423.92.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings data 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%. Research analysts forecast that Molina Healthcare, Inc. will post 24.4 earnings per share for the current year.

Insider Activity

In other news, Director Steven J. Orlando sold 1,000 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $301.33, for a total transaction of $301,330.00. Following the completion of the sale, the director now owns 17,375 shares of the company’s stock, valued at $5,235,608.75. The trade was a 5.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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.