Aster Capital Management DIFC Ltd trimmed its holdings in Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 48.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,071 shares of the company's stock after selling 1,937 shares during the quarter. Aster Capital Management DIFC Ltd's holdings in Molina Healthcare were worth $603,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Versant Capital Management Inc grew its position in shares of 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 acquiring an additional 74 shares during the period. Wingate Wealth Advisors Inc. acquired a new stake in Molina Healthcare in the fourth quarter valued at approximately $52,000. Hurley Capital LLC purchased a new stake in shares of Molina Healthcare in the fourth quarter valued at approximately $55,000. EverSource Wealth Advisors LLC raised its stake in shares of Molina Healthcare by 81.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 196 shares of the company's stock worth $57,000 after buying an additional 88 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. lifted its position in shares of 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 buying an additional 155 shares in the last quarter. 98.50% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Molina Healthcare
In related news, Director Steven J. Orlando sold 1,000 shares of the 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 completion of the sale, the director now owns 17,375 shares in the company, valued at $5,235,608.75. This represents a 5.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.10% of the company's stock.
Molina Healthcare Stock Up 0.8 %
Shares of Molina Healthcare stock traded up $2.62 on Friday, reaching $345.30. 661,970 shares of the company were exchanged, compared to its average volume of 653,643. The stock's 50 day moving average price is $310.39 and its 200-day moving average price is $308.18. The company has a market cap of $18.89 billion, a P/E ratio of 16.90, 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 $378.92. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.62 and a quick ratio of 1.62.
Molina Healthcare (NYSE:MOH - Get Free Report) last posted its earnings results on Wednesday, February 5th. The company reported $5.05 EPS for the quarter, missing the consensus estimate 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, equities analysts forecast that Molina Healthcare, Inc. will post 24.4 EPS for the current year.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on MOH. Wells Fargo & Company upgraded Molina Healthcare from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $295.00 to $372.00 in a report on Wednesday, March 5th. UBS Group decreased their target price on shares of Molina Healthcare from $374.00 to $325.00 and set a "neutral" rating on the stock in a research note on Friday, February 7th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $350.00 price target (down previously from $378.00) on shares of Molina Healthcare in a report on Tuesday, December 17th. Guggenheim started coverage on Molina Healthcare in a research note on Wednesday. They set a "neutral" rating on the stock. Finally, Barclays cut their target price 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. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Molina Healthcare currently has a consensus rating of "Moderate Buy" and an average price target of $355.75.
Check Out Our Latest Report on MOH
Molina Healthcare Company Profile
(
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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