1,211 Shares in Molina Healthcare, Inc. (NYSE:MOH) Bought by APG Asset Management US Inc.

APG Asset Management US Inc. purchased a new stake in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,211 shares of the company's stock, valued at approximately $352,000.

A number of other hedge funds also recently modified their holdings of the company. HighTower Advisors LLC boosted its position in shares of Molina Healthcare by 2.1% during the 3rd quarter. HighTower Advisors LLC now owns 2,627 shares of the company's stock valued at $906,000 after acquiring an additional 55 shares in the last quarter. Quantinno Capital Management LP grew its holdings in Molina Healthcare by 29.6% during the 3rd quarter. Quantinno Capital Management LP now owns 5,413 shares of the company's stock worth $1,865,000 after acquiring an additional 1,235 shares during the last quarter. National Bank of Canada FI increased its holdings in shares of Molina Healthcare by 42.2% in the third quarter. National Bank of Canada FI now owns 32,120 shares of the company's stock valued at $11,067,000 after purchasing an additional 9,538 shares in the last quarter. MML Investors Services LLC increased its stake in shares of Molina Healthcare by 23.2% in the 3rd quarter. MML Investors Services LLC now owns 2,133 shares of the company's stock valued at $735,000 after buying an additional 401 shares during the period. Finally, Coldstream Capital Management Inc. increased its position in Molina Healthcare by 6.2% in the third quarter. Coldstream Capital Management Inc. now owns 2,298 shares of the company's stock worth $787,000 after purchasing an additional 135 shares during the period. Institutional investors own 98.50% of the company's stock.

Remove Ads

Insider Buying and Selling at Molina Healthcare

In other news, Director Steven J. Orlando sold 1,000 shares of the firm's stock in a transaction that occurred 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 sale, the director now directly owns 17,375 shares in the company, valued at approximately $5,235,608.75. This trade represents a 5.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.10% of the company's stock.

Molina Healthcare Price Performance

NYSE MOH traded down $12.48 during midday trading on Tuesday, hitting $336.09. The company had a trading volume of 263,866 shares, compared to its average volume of 652,530. The company has a market capitalization of $18.38 billion, a PE ratio of 16.45, a P/E/G ratio of 1.06 and a beta of 0.70. Molina Healthcare, Inc. has a twelve month low of $262.32 and a twelve month high of $373.22. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.69. The firm has a 50-day moving average price of $311.02 and a 200-day moving average price of $308.02.

Molina Healthcare (NYSE:MOH - Get Free Report) last issued its 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 net margin of 2.90% and a return on equity of 28.13%. As a group, analysts anticipate that Molina Healthcare, Inc. will post 24.4 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Wells Fargo & Company raised 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 note on Wednesday, March 5th. Guggenheim began coverage on Molina Healthcare in a research note on Wednesday, April 9th. They set a "neutral" rating for the company. StockNews.com upgraded Molina Healthcare from a "hold" rating to a "buy" rating in a report on Friday. Barclays lowered their price target on 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. Finally, Stephens reissued an "equal weight" rating and issued a $345.00 price target on shares of Molina Healthcare in a report on Thursday, February 6th. Eight equities research 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 stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $359.42.

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.