FMR LLC grew its position in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 31.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,801,113 shares of the company's stock after purchasing an additional 427,276 shares during the period. FMR LLC owned approximately 3.15% of Molina Healthcare worth $524,214,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the company. Versant Capital Management Inc boosted its holdings in Molina Healthcare by 83.1% in the fourth quarter. Versant Capital Management Inc now owns 163 shares of the company's stock valued at $47,000 after purchasing an additional 74 shares during the last quarter. Wingate Wealth Advisors Inc. bought a new position in shares of Molina Healthcare during the fourth quarter valued at approximately $52,000. Hurley Capital LLC bought a new position in Molina Healthcare during the 4th quarter worth $55,000. EverSource Wealth Advisors LLC increased its holdings in shares of Molina Healthcare by 81.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 196 shares of the company's stock worth $57,000 after acquiring an additional 88 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in shares of Molina Healthcare by 337.0% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 201 shares of the company's stock valued at $58,000 after purchasing an additional 155 shares during the period. 98.50% of the stock is owned by institutional investors and hedge funds.
Molina Healthcare Stock Performance
Shares of Molina Healthcare stock traded down $2.97 on Monday, reaching $342.03. The stock had a trading volume of 96,641 shares, compared to its average volume of 652,509. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.62 and a current ratio of 1.62. The business's 50-day moving average price is $310.39 and its two-hundred day moving average price is $307.97. The stock has a market cap of $18.71 billion, a P/E ratio of 16.74, a price-to-earnings-growth ratio of 1.06 and a beta of 0.70. Molina Healthcare, Inc. has a fifty-two week low of $262.32 and a fifty-two week high of $373.22.
Molina Healthcare (NYSE:MOH - Get Free Report) last released its earnings results 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 return on equity of 28.13% and a net margin of 2.90%. On average, sell-side analysts forecast that Molina Healthcare, Inc. will post 24.4 EPS for the current year.
Insider Activity at Molina Healthcare
In other news, Director Steven J. Orlando sold 1,000 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was 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 directly owns 17,375 shares in the company, valued at $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 Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
MOH has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reissued a "neutral" rating and set a $350.00 price target (down from $378.00) on shares of Molina Healthcare in a report on Tuesday, December 17th. Wells Fargo & Company upgraded Molina Healthcare from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $295.00 to $372.00 in a research report on Wednesday, March 5th. UBS Group dropped their target price on shares of Molina Healthcare from $374.00 to $325.00 and set a "neutral" rating on the stock in a research report on Friday, February 7th. StockNews.com upgraded Molina Healthcare from a "hold" rating to a "buy" rating in a report on Friday. Finally, Stephens reiterated an "equal weight" rating and issued a $345.00 price objective on shares of Molina Healthcare in a research note on Thursday, February 6th. Seven investment 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 company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $355.75.
Read Our Latest Report on MOH
Molina Healthcare Company Profile
(
Free Report)
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.
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