American Century Companies Inc. Has $6.86 Million Stock Holdings in Molina Healthcare, Inc. (NYSE:MOH)

American Century Companies Inc. cut its stake in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 44.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 23,567 shares of the company's stock after selling 19,032 shares during the quarter. American Century Companies Inc.'s holdings in Molina Healthcare were worth $6,859,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc lifted its holdings in Molina Healthcare by 83.1% during the 4th quarter. Versant Capital Management Inc now owns 163 shares of the company's stock valued at $47,000 after purchasing an additional 74 shares during the last quarter. Wingate Wealth Advisors Inc. bought a new position in shares of Molina Healthcare in the fourth quarter valued at approximately $52,000. EverSource Wealth Advisors LLC raised its stake in shares of Molina Healthcare by 81.5% in the fourth 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 last quarter. Harvest Fund Management Co. Ltd boosted its holdings in shares of Molina Healthcare by 895.0% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 199 shares of the company's stock worth $58,000 after acquiring an additional 179 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in Molina Healthcare by 337.0% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 201 shares of the company's stock valued at $58,000 after purchasing an additional 155 shares in the last quarter. Institutional investors and hedge funds own 98.50% of the company's stock.

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Molina Healthcare Trading Down 3.0 %

MOH traded down $10.32 during trading on Tuesday, reaching $330.06. 1,294,180 shares of the company's stock were exchanged, compared to its average volume of 647,622. The company's fifty day moving average price is $308.30 and its 200-day moving average price is $308.03. The firm has a market capitalization of $18.05 billion, a PE ratio of 16.16, a P/E/G ratio of 1.06 and a beta of 0.70. Molina Healthcare, Inc. has a fifty-two week low of $262.32 and a fifty-two week high of $383.58. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.62 and a current ratio of 1.62.

Molina Healthcare (NYSE:MOH - Get Free Report) last announced 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 return on equity of 28.13% and a net margin of 2.90%. As a group, equities analysts forecast that Molina Healthcare, Inc. will post 24.4 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have commented on MOH. Mizuho reduced their price objective on Molina Healthcare from $382.00 to $376.00 and set an "outperform" rating on the stock in a research note on Monday, March 3rd. UBS Group reduced their price target on shares of Molina Healthcare from $374.00 to $325.00 and set a "neutral" rating on the stock in a research report on Friday, February 7th. Wells Fargo & Company upgraded shares of Molina Healthcare from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $295.00 to $372.00 in a research report on Wednesday, March 5th. Stephens reissued an "equal weight" rating and set a $345.00 price target on shares of Molina Healthcare in a research note on Thursday, February 6th. Finally, StockNews.com lowered shares of Molina Healthcare from a "buy" rating to a "hold" rating in a report on Thursday, April 3rd. Seven investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Molina Healthcare currently has a consensus rating of "Moderate Buy" and a consensus price target of $348.75.

Insider Activity at Molina Healthcare

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 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 $5,235,608.75. The trade was a 5.44 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

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.