Aigen Investment Management LP Boosts Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Aigen Investment Management LP raised its stake in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 180.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,521 shares of the company's stock after purchasing an additional 2,907 shares during the period. Aigen Investment Management LP's holdings in Molina Healthcare were worth $1,316,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of MOH. Private Advisor Group LLC bought a new position in shares of Molina Healthcare in the 3rd quarter worth about $215,000. Wealth Enhancement Advisory Services LLC boosted its stake in Molina Healthcare by 9.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,706 shares of the company's stock valued at $932,000 after purchasing an additional 242 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in Molina Healthcare by 43.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 409 shares of the company's stock valued at $141,000 after purchasing an additional 123 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Molina Healthcare by 3.0% in the 3rd quarter. Janney Montgomery Scott LLC now owns 2,509 shares of the company's stock worth $865,000 after buying an additional 72 shares during the last quarter. Finally, Van ECK Associates Corp boosted its stake in shares of Molina Healthcare by 10.1% in the 3rd quarter. Van ECK Associates Corp now owns 13,074 shares of the company's stock worth $4,505,000 after buying an additional 1,201 shares during the last quarter. 98.50% of the stock is owned by institutional investors.

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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 sale, the director now owns 17,375 shares in the company, valued at approximately $5,235,608.75. The trade was a 5.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

MOH has been the topic of several research analyst reports. Barclays dropped their price objective on 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. Mizuho dropped their price objective on Molina Healthcare from $382.00 to $376.00 and set an "outperform" rating for the company in a research note on Monday, March 3rd. StockNews.com lowered Molina Healthcare from a "strong-buy" rating to a "buy" rating in a research note on Saturday, February 8th. Truist Financial dropped their price target on Molina Healthcare from $370.00 to $340.00 and set a "buy" rating for the company in a research report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. restated a "neutral" rating and issued a $350.00 price objective (down from $378.00) on shares of Molina Healthcare in a research report on Tuesday, December 17th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Molina Healthcare currently has a consensus rating of "Moderate Buy" and a consensus price target of $355.69.

Molina Healthcare Price Performance

Shares of MOH stock traded up $3.28 during trading hours on Friday, hitting $327.11. 1,060,986 shares of the company's stock were exchanged, compared to its average volume of 773,847. The company has a market capitalization of $18.15 billion, a PE ratio of 16.01, a PEG ratio of 1.06 and a beta of 0.56. Molina Healthcare, Inc. has a 12-month low of $262.32 and a 12-month high of $423.92. The business's 50 day simple moving average is $295.28 and its 200-day simple moving average is $311.91. 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 (NYSE:MOH - Get Free Report) last issued its earnings results on Wednesday, February 5th. The company reported $5.05 earnings per share (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%. On average, equities research analysts anticipate that Molina Healthcare, Inc. will post 24.4 earnings per share for the current year.

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.