Caisse Des Depots ET Consignations purchased a new stake in Molina Healthcare, Inc. (NYSE:MOH - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 11,438 shares of the company's stock, valued at approximately $3,329,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. True Wealth Design LLC increased its holdings in shares of 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 purchasing an additional 100 shares during the period. Versant Capital Management Inc lifted its stake 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 worth $47,000 after acquiring an additional 74 shares during the period. Wingate Wealth Advisors Inc. purchased a new stake in shares of Molina Healthcare in the fourth quarter valued at about $52,000. EverSource Wealth Advisors LLC increased its stake in shares of Molina Healthcare by 81.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 196 shares of the company's stock worth $57,000 after acquiring an additional 88 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in Molina Healthcare by 337.0% during the fourth 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 in the last quarter. 98.50% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
MOH has been the topic of a number of analyst reports. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $350.00 price objective (down previously from $378.00) on shares of Molina Healthcare in a report on Tuesday, December 17th. Wells Fargo & Company raised Molina Healthcare from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $295.00 to $372.00 in a report on Wednesday, March 5th. UBS Group reduced their target price on Molina Healthcare from $374.00 to $325.00 and set a "neutral" rating for the company in a report on Friday, February 7th. Barclays lowered their price target on shares of Molina Healthcare from $372.00 to $339.00 and set an "equal weight" rating on the stock in a research note on Friday, February 7th. Finally, StockNews.com upgraded shares of Molina Healthcare from a "hold" rating to a "buy" rating in a research note on Wednesday, March 26th. Six investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Molina Healthcare currently has a consensus rating of "Moderate Buy" and a consensus target price of $348.75.
Read Our Latest Analysis on MOH
Molina Healthcare Price Performance
Shares of MOH stock traded up $1.86 during trading hours on Monday, hitting $324.71. The company's stock had a trading volume of 158,721 shares, compared to its average volume of 633,677. The company has a current ratio of 1.62, a quick 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 $409.07. The stock has a market cap of $17.76 billion, a price-to-earnings ratio of 15.95, a P/E/G ratio of 1.06 and a beta of 0.56. The business has a fifty day moving average of $302.98 and a 200-day moving average of $309.01.
Molina Healthcare (NYSE:MOH - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The company reported $5.05 earnings per share 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, equities research analysts anticipate that Molina Healthcare, Inc. will post 24.4 EPS for the current year.
Insider Activity at Molina Healthcare
In other news, Director Steven J. Orlando sold 1,000 shares of Molina Healthcare stock in a transaction dated 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 directly owns 17,375 shares in the company, valued at $5,235,608.75. The trade was a 5.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.10% of the stock is currently owned by corporate insiders.
About Molina Healthcare
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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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