14,305 Shares in Molina Healthcare, Inc. (NYSE:MOH) Purchased by Edgestream Partners L.P.

Edgestream Partners L.P. acquired a new stake in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 14,305 shares of the company's stock, valued at approximately $4,163,000.

Other hedge funds have also recently bought and sold shares of the company. E Fund Management Co. Ltd. lifted its stake in shares of Molina Healthcare by 109.5% during the 4th quarter. E Fund Management Co. Ltd. now owns 1,251 shares of the company's stock worth $364,000 after purchasing an additional 654 shares during the period. Lindbrook Capital LLC lifted its position in Molina Healthcare by 38.5% during the fourth quarter. Lindbrook Capital LLC now owns 205 shares of the company's stock worth $60,000 after buying an additional 57 shares during the period. Raymond James Financial Inc. purchased a new position in Molina Healthcare during the fourth quarter worth about $10,725,000. Arizona State Retirement System lifted its holdings in shares of Molina Healthcare by 1.4% during the 4th quarter. Arizona State Retirement System now owns 17,020 shares of the company's stock worth $4,954,000 after acquiring an additional 231 shares during the period. Finally, Aigen Investment Management LP boosted its position in shares of Molina Healthcare by 180.1% in the fourth quarter. Aigen Investment Management LP now owns 4,521 shares of the company's stock worth $1,316,000 after acquiring an additional 2,907 shares during the last quarter. Institutional investors and hedge funds own 98.50% of the company's stock.

Insiders Place Their Bets

In other 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 sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.11% of the stock is owned by company insiders.

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Molina Healthcare Stock Down 3.0 %

Shares of NYSE MOH traded down $9.73 during trading on Wednesday, reaching $315.08. 664,278 shares of the stock were exchanged, compared to its average volume of 769,525. The business's 50-day moving average price is $296.83 and its 200 day moving average price is $311.18. The company has a market capitalization of $17.49 billion, a price-to-earnings ratio of 15.42, a price-to-earnings-growth ratio of 1.06 and a beta of 0.56. Molina Healthcare, Inc. has a twelve month low of $262.32 and a twelve month high of $423.92. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.69.

Molina Healthcare (NYSE:MOH - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $5.05 earnings per share 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%. As a group, equities analysts forecast that Molina Healthcare, Inc. will post 24.4 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently commented on MOH. Mizuho dropped their price target on shares of Molina Healthcare from $382.00 to $376.00 and set an "outperform" rating for the company in a research report on Monday, March 3rd. Barclays cut their target price on Molina Healthcare from $372.00 to $339.00 and set an "equal weight" rating on the stock in a research report on Friday, February 7th. UBS Group lowered their price target on Molina Healthcare from $374.00 to $325.00 and set a "neutral" rating for the company in a research report on Friday, February 7th. StockNews.com downgraded Molina Healthcare from a "buy" rating to a "hold" rating in a report on Monday. Finally, Wells Fargo & Company raised Molina Healthcare from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $295.00 to $372.00 in a research note on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $355.69.

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.