Advisory Services Network LLC Grows Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Advisory Services Network LLC raised its position in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 67.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,326 shares of the company's stock after buying an additional 935 shares during the quarter. Advisory Services Network LLC's holdings in Molina Healthcare were worth $677,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Wellington Management Group LLP grew its stake in Molina Healthcare by 7.4% during the 4th quarter. Wellington Management Group LLP now owns 2,632,232 shares of the company's stock valued at $766,111,000 after purchasing an additional 181,073 shares during the last quarter. FMR LLC lifted its stake in Molina Healthcare by 31.1% during the 4th quarter. FMR LLC now owns 1,801,113 shares of the company's stock valued at $524,214,000 after acquiring an additional 427,276 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Molina Healthcare by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 1,436,909 shares of the company's stock valued at $417,144,000 after acquiring an additional 34,992 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Molina Healthcare by 28.5% during the fourth quarter. Invesco Ltd. now owns 1,327,021 shares of the company's stock worth $386,229,000 after purchasing an additional 294,180 shares during the last quarter. Finally, Norges Bank purchased a new stake in Molina Healthcare in the fourth quarter valued at $134,675,000. Hedge funds and other institutional investors own 98.50% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MOH. Stephens reissued an "equal weight" rating and issued a $345.00 price objective on shares of Molina Healthcare in a report on Thursday, February 6th. StockNews.com raised shares of Molina Healthcare from a "hold" rating to a "buy" rating in a report on Friday, April 11th. Truist Financial boosted their target price on shares of Molina Healthcare from $340.00 to $400.00 and gave the company a "buy" rating in a research note on Friday, April 11th. Mizuho raised their price target on shares of Molina Healthcare from $376.00 to $400.00 and gave the company an "outperform" rating in a research report on Wednesday, April 9th. Finally, Robert W. Baird reiterated a "neutral" rating and issued a $375.00 price objective (up previously from $331.00) on shares of Molina Healthcare in a research report on Tuesday, April 15th. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, Molina Healthcare presently has a consensus rating of "Hold" and an average target price of $359.42.

Molina Healthcare Price Performance

Shares of Molina Healthcare stock traded down $9.81 during trading hours on Friday, reaching $322.57. 1,443,462 shares of the company's stock were exchanged, compared to its average volume of 660,969. The business has a fifty day moving average of $314.72 and a two-hundred day moving average of $307.76. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $17.64 billion, a P/E ratio of 15.79, a price-to-earnings-growth ratio of 1.06 and a beta of 0.70. Molina Healthcare, Inc. has a 1 year low of $262.32 and a 1 year high of $370.99.

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

Insider Buying and Selling at Molina Healthcare

In related news, Director Steven J. Orlando sold 1,000 shares of the company's 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 sale, 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 sale was disclosed in a document filed with the SEC, which can be accessed through this link. 1.26% of the stock is owned by company insiders.

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.