Avantax Advisory Services Inc. Has $412,000 Stock Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Avantax Advisory Services Inc. increased its position in Molina Healthcare, Inc. (NYSE:MOH) by 7.6% during the fourth quarter, Holdings Channel reports. The firm owned 1,416 shares of the company’s stock after buying an additional 100 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Molina Healthcare were worth $412,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. True Wealth Design LLC raised its stake in Molina Healthcare by 2,500.0% in the third quarter. True Wealth Design LLC now owns 104 shares of the company’s stock valued at $36,000 after buying an additional 100 shares during the period. Versant Capital Management Inc increased its holdings in shares of Molina Healthcare by 83.1% during the 4th quarter. Versant Capital Management Inc now owns 163 shares of the company’s stock worth $47,000 after acquiring an additional 74 shares during the last quarter. Wingate Wealth Advisors Inc. acquired a new position in shares of Molina Healthcare during the 4th quarter worth approximately $52,000. EverSource Wealth Advisors LLC raised its stake in Molina Healthcare by 81.5% in the 4th 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 period. Finally, Financial Perspectives Inc acquired a new stake in Molina Healthcare during the 4th quarter valued at $59,000. 98.50% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on MOH. Barclays cut their target price on shares of Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating for the company in a research note on Friday, February 7th. Stephens restated an “equal weight” rating and set a $345.00 price objective on shares of Molina Healthcare in a research report on Thursday, February 6th. Mizuho decreased their target price on Molina Healthcare from $382.00 to $376.00 and set an “outperform” rating on the stock in a research report on Monday, March 3rd. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $350.00 target price (down previously from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th. Finally, StockNews.com downgraded Molina Healthcare from a “buy” rating to a “hold” rating in a research note on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $355.69.

Molina Healthcare Trading Down 1.7 %

MOH opened at $309.85 on Monday. The stock has a market capitalization of $16.95 billion, a price-to-earnings ratio of 15.17, a P/E/G ratio of 1.06 and a beta of 0.56. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.69. Molina Healthcare, Inc. has a twelve month low of $262.32 and a twelve month high of $423.92. The company has a 50-day simple moving average of $299.99 and a 200 day simple moving average of $309.21.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $5.05 earnings per share for the quarter, missing analysts’ consensus estimates of $5.74 by ($0.69). Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. Analysts predict that Molina Healthcare, Inc. will post 24.4 EPS for the current fiscal year.

Insider Buying and Selling at Molina Healthcare

In other news, Director Steven J. Orlando sold 1,000 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $301.33, for a total value of $301,330.00. Following the completion of the transaction, the director now owns 17,375 shares of the company’s stock, valued at approximately $5,235,608.75. This represents a 5.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company 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.