Canada Pension Plan Investment Board Buys 26,004 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Canada Pension Plan Investment Board boosted its holdings in Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 48.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 79,380 shares of the company's stock after purchasing an additional 26,004 shares during the quarter. Canada Pension Plan Investment Board owned 0.14% of Molina Healthcare worth $23,104,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in Molina Healthcare during the fourth quarter worth about $134,675,000. FMR LLC grew its holdings in shares of 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 last quarter. Invesco Ltd. increased its position in Molina Healthcare by 28.5% during the 4th quarter. Invesco Ltd. now owns 1,327,021 shares of the company's stock worth $386,229,000 after purchasing an additional 294,180 shares in the last quarter. Wellington Management Group LLP lifted its stake in Molina Healthcare by 7.4% in the 4th quarter. Wellington Management Group LLP now owns 2,632,232 shares of the company's stock valued at $766,111,000 after purchasing an additional 181,073 shares during the last quarter. Finally, Los Angeles Capital Management LLC boosted its position in Molina Healthcare by 166.1% in the fourth quarter. Los Angeles Capital Management LLC now owns 196,513 shares of the company's stock valued at $57,195,000 after buying an additional 122,674 shares in the last quarter. Institutional investors own 98.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on MOH shares. Baird R W cut Molina Healthcare from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th. Mizuho raised their price objective on shares of Molina Healthcare from $376.00 to $400.00 and gave the company an "outperform" rating in a report on Wednesday, April 9th. Robert W. Baird reissued a "neutral" rating and set a $375.00 target price (up from $331.00) on shares of Molina Healthcare in a report on Tuesday, April 15th. Truist Financial lifted their price objective on Molina Healthcare from $340.00 to $400.00 and gave the stock a "buy" rating in a research note on Friday, April 11th. Finally, Barclays lowered their price objective on Molina Healthcare from $372.00 to $339.00 and set an "equal weight" rating for the company in a research report on Friday, February 7th. Nine research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $363.62.

Insiders Place Their Bets

In related news, Director Steven J. Orlando sold 1,000 shares of the company'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 sale, the director now directly owns 17,375 shares in the company, valued at approximately $5,235,608.75. This represents a 5.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.10% of the company's stock.

Molina Healthcare Stock Up 3.4 %

MOH stock traded up $10.80 during trading on Wednesday, reaching $331.96. The stock had a trading volume of 894,122 shares, compared to its average volume of 667,602. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $18.16 billion, a price-to-earnings ratio of 16.25, a P/E/G ratio of 1.06 and a beta of 0.70. Molina Healthcare, Inc. has a one year low of $262.32 and a one year high of $370.99. The company's 50 day moving average is $317.63 and its two-hundred day moving average is $307.82.

Molina Healthcare (NYSE:MOH - Get Free Report) last released its earnings results on Wednesday, April 23rd. The company reported $6.08 earnings per share for the quarter, beating analysts' consensus estimates of $5.86 by $0.22. Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. During the same quarter in the prior year, the company posted $5.73 earnings per share. Equities research analysts forecast that Molina Healthcare, Inc. will post 24.4 EPS for the current year.

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.