Overbrook Management Corp Has $13.34 Million Position in Molina Healthcare, Inc. (NYSE:MOH)

Overbrook Management Corp raised its stake in Molina Healthcare, Inc. (NYSE:MOH) by 1.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,908 shares of the company’s stock after acquiring an additional 391 shares during the period. Molina Healthcare makes up about 2.7% of Overbrook Management Corp’s portfolio, making the stock its 17th biggest holding. Overbrook Management Corp owned approximately 0.06% of Molina Healthcare worth $13,335,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MOH. Desjardins Global Asset Management Inc. grew its position in Molina Healthcare by 4.4% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 763 shares of the company’s stock worth $276,000 after acquiring an additional 32 shares during the last quarter. Ritholtz Wealth Management lifted its stake in shares of Molina Healthcare by 2.1% in the 4th quarter. Ritholtz Wealth Management now owns 1,620 shares of the company’s stock valued at $585,000 after purchasing an additional 33 shares during the period. New York Life Investment Management LLC lifted its stake in shares of Molina Healthcare by 0.4% in the 3rd quarter. New York Life Investment Management LLC now owns 8,495 shares of the company’s stock valued at $2,785,000 after purchasing an additional 36 shares during the period. Aptus Capital Advisors LLC raised its stake in Molina Healthcare by 5.0% during the 3rd quarter. Aptus Capital Advisors LLC now owns 763 shares of the company’s stock worth $250,000 after buying an additional 36 shares during the period. Finally, Raleigh Capital Management Inc. raised its stake in Molina Healthcare by 40.4% during the 3rd quarter. Raleigh Capital Management Inc. now owns 125 shares of the company’s stock worth $41,000 after buying an additional 36 shares during the period. 98.50% of the stock is owned by institutional investors and hedge funds.

Molina Healthcare Trading Down 4.1 %

Shares of NYSE:MOH traded down $15.11 on Thursday, reaching $352.30. 914,966 shares of the company traded hands, compared to its average volume of 401,848. The business’s 50-day simple moving average is $392.45 and its 200 day simple moving average is $372.01. Molina Healthcare, Inc. has a 52 week low of $266.35 and a 52 week high of $423.92. The stock has a market capitalization of $20.64 billion, a P/E ratio of 18.76, a price-to-earnings-growth ratio of 1.02 and a beta of 0.47. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.57.

Molina Healthcare (NYSE:MOH) last posted its earnings results on Wednesday, April 24th. The company reported $5.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.46 by $0.27. The company had revenue of $9.93 billion for the quarter, compared to analysts’ expectations of $9.45 billion. Molina Healthcare had a return on equity of 32.34% and a net margin of 3.20%. Molina Healthcare’s quarterly revenue was up 21.9% on a year-over-year basis. During the same period last year, the firm earned $5.81 earnings per share. As a group, equities analysts anticipate that Molina Healthcare, Inc. will post 23.62 EPS for the current fiscal year.

Insiders Place Their Bets

In other Molina Healthcare news, Director Richard M. Schapiro sold 711 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $384.06, for a total value of $273,066.66. Following the completion of the sale, the director now directly owns 12,207 shares in the company, valued at $4,688,220.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Molina Healthcare news, CFO Mark Lowell Keim sold 15,000 shares of Molina Healthcare stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $386.56, for a total value of $5,798,400.00. Following the completion of the sale, the chief financial officer now owns 36,531 shares of the company’s stock, valued at approximately $14,121,423.36. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Richard M. Schapiro sold 711 shares of Molina Healthcare stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $384.06, for a total transaction of $273,066.66. Following the completion of the sale, the director now directly owns 12,207 shares of the company’s stock, valued at approximately $4,688,220.42. The disclosure for this sale can be found here. Insiders sold 16,711 shares of company stock worth $6,472,517 over the last three months. Company insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on MOH. StockNews.com lowered Molina Healthcare from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 8th. Barclays reduced their price objective on Molina Healthcare from $437.00 to $430.00 and set an “equal weight” rating for the company in a report on Thursday. Truist Financial increased their target price on Molina Healthcare from $435.00 to $460.00 and gave the stock a “buy” rating in a research report on Tuesday, February 20th. Wells Fargo & Company lowered their price objective on Molina Healthcare from $440.00 to $410.00 and set an “equal weight” rating on the stock in a research report on Monday, April 15th. Finally, Stephens reiterated an “equal weight” rating and issued a $390.00 price objective on shares of Molina Healthcare in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $396.09.

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.