Headlands Technologies LLC Acquires 3,314 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Headlands Technologies LLC boosted its holdings in Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 1,330.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,563 shares of the company's stock after acquiring an additional 3,314 shares during the quarter. Headlands Technologies LLC's holdings in Molina Healthcare were worth $1,037,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Cerity Partners LLC lifted its holdings in shares of Molina Healthcare by 73.2% in the third quarter. Cerity Partners LLC now owns 5,418 shares of the company's stock valued at $1,867,000 after purchasing an additional 2,290 shares in the last quarter. Townsquare Capital LLC purchased a new position in Molina Healthcare during the 3rd quarter worth $228,000. Public Sector Pension Investment Board grew its stake in shares of Molina Healthcare by 13.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 2,527 shares of the company's stock worth $871,000 after acquiring an additional 300 shares in the last quarter. Verition Fund Management LLC raised its holdings in shares of Molina Healthcare by 626.5% in the third quarter. Verition Fund Management LLC now owns 15,068 shares of the company's stock valued at $5,192,000 after purchasing an additional 12,994 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Molina Healthcare during the third quarter valued at about $398,000. Institutional investors and hedge funds own 98.50% of the company's stock.

Wall Street Analyst Weigh In

MOH has been the subject of several analyst reports. Mizuho decreased their price objective on shares of Molina Healthcare from $382.00 to $376.00 and set an "outperform" rating for the company in a research note on Monday, March 3rd. StockNews.com upgraded Molina Healthcare from a "hold" rating to a "buy" rating in a research note on Wednesday, March 26th. Barclays dropped their target price on shares of Molina Healthcare from $372.00 to $339.00 and set an "equal weight" rating on the stock in a research note on Friday, February 7th. JPMorgan Chase & Co. restated a "neutral" rating and set a $350.00 price target (down previously from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th. 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. Six equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $348.75.

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Molina Healthcare Stock Performance

Shares of MOH opened at $327.06 on Wednesday. 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 stock has a market capitalization of $17.89 billion, a price-to-earnings ratio of 16.01, a price-to-earnings-growth ratio of 1.06 and a beta of 0.56. Molina Healthcare, Inc. has a 52-week low of $262.32 and a 52-week high of $395.00. The stock's 50-day simple moving average is $303.84 and its 200 day simple moving average is $308.59.

Molina Healthcare (NYSE:MOH - Get Free Report) last announced its quarterly earnings results 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 return on equity of 28.13% and a net margin of 2.90%. Research analysts forecast that Molina Healthcare, Inc. will post 24.4 EPS for the current fiscal year.

Insider Activity

In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was 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 of the company's stock, valued at $5,235,608.75. This trade represents a 5.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.10% of the company's stock.

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.

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