Molina Healthcare, Inc. (NYSE:MOH) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its position in Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 15.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 688,245 shares of the company's stock after purchasing an additional 91,229 shares during the period. Dimensional Fund Advisors LP owned about 1.20% of Molina Healthcare worth $200,307,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. First Trust Advisors LP grew its position in shares of Molina Healthcare by 35.5% during the 4th quarter. First Trust Advisors LP now owns 100,059 shares of the company's stock valued at $29,122,000 after acquiring an additional 26,202 shares during the period. Forum Financial Management LP raised its stake in shares of Molina Healthcare by 12.4% during the 4th quarter. Forum Financial Management LP now owns 986 shares of the company's stock worth $287,000 after buying an additional 109 shares during the period. GeoWealth Management LLC lifted its position in shares of Molina Healthcare by 21.7% during the 4th quarter. GeoWealth Management LLC now owns 370 shares of the company's stock valued at $108,000 after buying an additional 66 shares in the last quarter. Capital Group Private Client Services Inc. increased its holdings in Molina Healthcare by 21.0% in the 4th quarter. Capital Group Private Client Services Inc. now owns 10,148 shares of the company's stock worth $2,954,000 after acquiring an additional 1,763 shares in the last quarter. Finally, Capital International Sarl raised its position in Molina Healthcare by 49.5% during the fourth quarter. Capital International Sarl now owns 3,725 shares of the company's stock worth $1,084,000 after acquiring an additional 1,233 shares during the period. 98.50% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on MOH. Robert W. Baird reaffirmed a "neutral" rating and issued a $375.00 price target (up from $331.00) on shares of Molina Healthcare in a research note on Tuesday, April 15th. Truist Financial increased their price objective on Molina Healthcare from $340.00 to $400.00 and gave the company a "buy" rating in a research note on Friday, April 11th. Mizuho upped their target price on shares of Molina Healthcare from $376.00 to $400.00 and gave the stock an "outperform" rating in a report on Wednesday, April 9th. Wells Fargo & Company upgraded shares of Molina Healthcare from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $295.00 to $372.00 in a research report on Wednesday, March 5th. Finally, Barclays lowered their target price on Molina Healthcare from $372.00 to $339.00 and set an "equal weight" rating on the stock in a report on Friday, February 7th. Nine research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, Molina Healthcare presently has an average rating of "Hold" and a consensus price target of $363.62.

Molina Healthcare Stock Performance

Shares of MOH stock opened at $321.20 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 firm has a market cap of $17.57 billion, a P/E ratio of 15.72, a P/E/G ratio of 1.06 and a beta of 0.70. The firm's 50 day moving average price is $316.43 and its 200-day moving average price is $307.66. Molina Healthcare, Inc. has a one year low of $262.32 and a one year high of $370.99.

Molina Healthcare (NYSE:MOH - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The company reported $5.05 EPS for the quarter, missing the consensus estimate of $5.74 by ($0.69). Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. As a group, equities research analysts predict that Molina Healthcare, Inc. will post 24.4 EPS for the current year.

Insiders Place Their Bets

In related news, Director Steven J. Orlando sold 1,000 shares of the company'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 sale, the director now directly owns 17,375 shares of the company's stock, valued at $5,235,608.75. This represents a 5.44 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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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