BI Asset Management Fondsmaeglerselskab A S Acquires 1,719 Shares of Molina Healthcare, Inc. (NYSE:MOH)

BI Asset Management Fondsmaeglerselskab A S raised its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 58.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,685 shares of the company's stock after acquiring an additional 1,719 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Molina Healthcare were worth $1,364,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in MOH. Versant Capital Management Inc raised 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 buying an additional 74 shares during the last quarter. Wingate Wealth Advisors Inc. purchased a new stake in Molina Healthcare in the 4th quarter worth approximately $52,000. Hurley Capital LLC bought a new stake in shares of Molina Healthcare in the 4th quarter worth approximately $55,000. EverSource Wealth Advisors LLC increased its stake in shares of Molina Healthcare by 81.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 196 shares of the company's stock valued at $57,000 after buying an additional 88 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Molina Healthcare by 337.0% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 201 shares of the company's stock valued at $58,000 after acquiring an additional 155 shares in the last quarter. Hedge funds and other institutional investors own 98.50% of the company's stock.

Insider Buying and Selling at Molina Healthcare

In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of the 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 transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.10% of the company's stock.

Molina Healthcare Stock Up 0.3 %

MOH traded up $0.88 during trading on Friday, hitting $314.69. 755,041 shares of the company's stock traded hands, compared to its average volume of 672,240. Molina Healthcare, Inc. has a 12-month low of $262.32 and a 12-month high of $365.23. The company's 50 day simple moving average is $319.39 and its two-hundred day simple moving average is $307.68. 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 stock has a market capitalization of $17.21 billion, a price-to-earnings ratio of 15.40, a PEG ratio of 1.06 and a beta of 0.70.

Molina Healthcare (NYSE:MOH - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $6.08 EPS for the quarter, topping the consensus estimate of $5.86 by $0.22. The company had revenue of $11.15 billion during the quarter, compared to the consensus estimate of $10.86 billion. Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. During the same period last year, the company earned $5.73 EPS. Analysts predict that Molina Healthcare, Inc. will post 24.4 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MOH has been the subject of several research analyst reports. Wells Fargo & Company raised shares of Molina Healthcare from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $295.00 to $372.00 in a research report on Wednesday, March 5th. Baird R W cut Molina Healthcare from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Sanford C. Bernstein assumed coverage on Molina Healthcare in a research report on Tuesday. They issued an "outperform" rating and a $414.00 target price for the company. UBS Group lowered their target price on Molina Healthcare from $374.00 to $325.00 and set a "neutral" rating for the company in a research note on Friday, February 7th. Finally, Stephens reiterated an "equal weight" rating and issued a $345.00 price objective on shares of Molina Healthcare in a report on Thursday, February 6th. Nine equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Molina Healthcare currently has an average rating of "Hold" and a consensus target price of $365.38.

About Molina Healthcare

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.