Capital International Sarl Raises Stock Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Capital International Sarl raised its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 49.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,725 shares of the company's stock after purchasing an additional 1,233 shares during the period. Capital International Sarl's holdings in Molina Healthcare were worth $1,084,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in MOH. Versant Capital Management Inc increased its position 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 in the last quarter. Wingate Wealth Advisors Inc. bought a new position in Molina Healthcare in the 4th quarter worth about $52,000. Hurley Capital LLC purchased a new stake in Molina Healthcare during the 4th quarter valued at about $55,000. EverSource Wealth Advisors LLC increased its stake in Molina Healthcare by 81.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 196 shares of the company's stock valued at $57,000 after purchasing an additional 88 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd lifted its stake in shares of Molina Healthcare by 895.0% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 199 shares of the company's stock worth $58,000 after buying an additional 179 shares in the last quarter. 98.50% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of the business's stock in a transaction 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 owns 17,375 shares in the company, valued at $5,235,608.75. The trade was a 5.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is owned by company insiders.

Molina Healthcare Price Performance

Shares of MOH traded up $10.80 during mid-day 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 firm has a market cap of $18.16 billion, a price-to-earnings ratio of 16.25, a PEG ratio of 1.06 and a beta of 0.70. Molina Healthcare, Inc. has a 12 month low of $262.32 and a 12 month high of $370.99. The business has a fifty day moving average of $317.63 and a 200 day moving average of $307.82. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.62 and a current ratio of 1.62.

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

Analyst Ratings Changes

A number of equities analysts recently weighed in on MOH shares. Guggenheim started coverage on shares of Molina Healthcare in a report on Wednesday, April 9th. They issued a "neutral" rating for the company. Sanford C. Bernstein began coverage on Molina Healthcare in a research report on Tuesday. They set an "outperform" rating and a $414.00 price objective on the stock. Wells Fargo & Company upgraded shares of Molina Healthcare from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $295.00 to $372.00 in a research note on Wednesday, March 5th. UBS Group reduced their price target on shares of 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, Truist Financial raised their target price on shares of Molina Healthcare from $340.00 to $400.00 and gave the stock a "buy" rating in a report on Friday, April 11th. Nine investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Molina Healthcare currently has an average rating of "Hold" and an average price target of $363.62.

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.