BI Asset Management Fondsmaeglerselskab A S Grows Holdings in Molina Healthcare, Inc. (NYSE:MOH)

BI Asset Management Fondsmaeglerselskab A S boosted its holdings in Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 58.0% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 4,685 shares of the company's stock after buying 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 hedge funds and other institutional investors also recently modified their holdings of the stock. Wellington Management Group LLP boosted its stake in Molina Healthcare by 7.4% during the 4th quarter. Wellington Management Group LLP now owns 2,632,232 shares of the company's stock valued at $766,111,000 after acquiring an additional 181,073 shares during the last quarter. FMR LLC boosted its stake in Molina Healthcare by 31.1% during the 4th quarter. FMR LLC now owns 1,801,113 shares of the company's stock valued at $524,214,000 after purchasing an additional 427,276 shares during the period. Geode Capital Management LLC raised its stake in shares of Molina Healthcare by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 1,436,909 shares of the company's stock valued at $417,144,000 after purchasing an additional 34,992 shares in the last quarter. Invesco Ltd. increased its position in shares of Molina Healthcare by 28.5% during the 4th quarter. Invesco Ltd. now owns 1,327,021 shares of the company's stock valued at $386,229,000 after purchasing an additional 294,180 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Molina Healthcare by 15.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 688,245 shares of the company's stock worth $200,307,000 after acquiring an additional 91,229 shares in the last quarter. Institutional investors and hedge funds own 98.50% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on MOH. Robert W. Baird reissued a "neutral" rating and issued a $375.00 target price (up from $331.00) on shares of Molina Healthcare in a research report on Tuesday, April 15th. Barclays upped their price target on shares of Molina Healthcare from $339.00 to $362.00 and gave the company an "equal weight" rating in a report on Friday. Wells Fargo & Company raised Molina Healthcare from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $295.00 to $372.00 in a report on Wednesday, March 5th. UBS Group decreased their price target on Molina Healthcare from $374.00 to $325.00 and set a "neutral" rating on the stock in a research note on Friday, February 7th. Finally, Guggenheim initiated coverage on Molina Healthcare in a report on Wednesday, April 9th. They issued a "neutral" rating on the stock. Nine analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $365.38.

Molina Healthcare Stock Up 0.3 %

Shares of NYSE MOH traded up $0.88 during mid-day trading on Friday, reaching $314.69. 755,041 shares of the company's stock traded hands, compared to its average volume of 672,240. The business has a 50-day simple moving average of $319.39 and a 200 day simple moving average of $307.68. The stock has a market cap of $17.21 billion, a P/E ratio of 15.40, a PEG ratio of 1.06 and a beta of 0.70. 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, Inc. has a 1-year low of $262.32 and a 1-year high of $365.23.

Molina Healthcare (NYSE:MOH - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported $6.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.86 by $0.22. Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. The firm had revenue of $11.15 billion for the quarter, compared to the consensus estimate of $10.86 billion. During the same quarter in the prior year, the business posted $5.73 earnings per share. On average, analysts expect that Molina Healthcare, Inc. will post 24.4 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Steven J. Orlando sold 1,000 shares of the business'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 transaction of $301,330.00. Following the completion of the sale, the director now directly owns 17,375 shares in the company, valued at approximately $5,235,608.75. The trade was a 5.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.10% of the company's stock.

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.