Dynamic Technology Lab Private Ltd Buys Shares of 4,430 Molina Healthcare, Inc. (NYSE:MOH)

Dynamic Technology Lab Private Ltd acquired a new stake in Molina Healthcare, Inc. (NYSE:MOH - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 4,430 shares of the company's stock, valued at approximately $1,289,000.

Several other hedge funds have also recently bought and sold shares of MOH. Townsquare Capital LLC acquired a new position in shares of Molina Healthcare during the third quarter worth $228,000. Public Sector Pension Investment Board lifted its stake in Molina Healthcare by 13.5% in the third quarter. Public Sector Pension Investment Board now owns 2,527 shares of the company's stock valued at $871,000 after buying an additional 300 shares during the period. HighTower Advisors LLC raised its holdings in shares of Molina Healthcare by 2.1% during the third quarter. HighTower Advisors LLC now owns 2,627 shares of the company's stock valued at $906,000 after purchasing an additional 55 shares during the period. Investment Management Corp of Ontario increased its position in Molina Healthcare by 46.3% in the 3rd quarter. Investment Management Corp of Ontario now owns 1,897 shares of the company's stock valued at $654,000 after buying an additional 600 shares in the last quarter. Finally, Royal London Asset Management Ltd. grew its position in Molina Healthcare by 16.1% in the 3rd quarter. Royal London Asset Management Ltd. now owns 50,260 shares of the company's stock valued at $17,318,000 after purchasing an additional 6,978 shares during the period. 98.50% of the stock is owned by institutional investors.

Molina Healthcare Trading Down 0.1 %

NYSE MOH traded down $0.18 on Friday, hitting $342.50. The company's stock had a trading volume of 107,931 shares, compared to its average volume of 650,070. The firm has a market cap of $18.73 billion, a P/E ratio of 16.74, a PEG ratio of 1.06 and a beta of 0.70. Molina Healthcare, Inc. has a 52-week low of $262.32 and a 52-week high of $379.07. The company's 50-day simple moving average is $309.80 and its 200 day simple moving average is $308.17. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.69.

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Molina Healthcare (NYSE:MOH - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $5.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.74 by ($0.69). Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. Research analysts predict that Molina Healthcare, Inc. will post 24.4 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MOH has been the topic of several analyst reports. Truist Financial lifted their target price on Molina Healthcare from $340.00 to $400.00 and gave the company a "buy" rating in a research report on Friday. Guggenheim started coverage on Molina Healthcare in a research report on Wednesday. They set a "neutral" rating for the company. Stephens restated an "equal weight" rating and issued a $345.00 price objective on shares of Molina Healthcare in a research note on Thursday, February 6th. Mizuho boosted their price target on shares of Molina Healthcare from $376.00 to $400.00 and gave the stock an "outperform" rating in a report on Wednesday. Finally, UBS Group dropped their price objective on shares of Molina Healthcare from $374.00 to $325.00 and set a "neutral" rating on the stock in a report on Friday, February 7th. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Molina Healthcare presently has a consensus rating of "Moderate Buy" and a consensus price target of $355.75.

Insiders Place Their Bets

In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of the firm'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 transaction, the director now owns 17,375 shares of the company's stock, valued at approximately $5,235,608.75. This trade represents a 5.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.10% of the stock is owned by corporate insiders.

Molina Healthcare 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.