Molina Healthcare, Inc. (NYSE:MOH) Shares Acquired by M&T Bank Corp

M&T Bank Corp boosted its stake in Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 29.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,187 shares of the company's stock after acquiring an additional 1,656 shares during the period. M&T Bank Corp's holdings in Molina Healthcare were worth $2,091,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. True Wealth Design LLC increased its holdings in shares of Molina Healthcare by 2,500.0% in the third quarter. True Wealth Design LLC now owns 104 shares of the company's stock valued at $36,000 after purchasing an additional 100 shares during the period. Versant Capital Management Inc raised its position in Molina Healthcare by 83.1% during the 4th quarter. Versant Capital Management Inc now owns 163 shares of the company's stock worth $47,000 after buying an additional 74 shares during the last quarter. Wingate Wealth Advisors Inc. purchased a new position in Molina Healthcare during the 4th quarter worth $52,000. Capital Performance Advisors LLP acquired a new stake in shares of Molina Healthcare in the 3rd quarter worth $62,000. Finally, Financial Perspectives Inc purchased a new stake in shares of Molina Healthcare in the fourth quarter valued at about $59,000. 98.50% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Molina Healthcare

In related 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 sale, the director now owns 17,375 shares in the company, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.11% of the company's stock.

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Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Wells Fargo & Company upgraded shares of Molina Healthcare from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $295.00 to $372.00 in a research report on Wednesday, March 5th. Mizuho decreased their price target on Molina Healthcare from $382.00 to $376.00 and set an "outperform" rating on the stock in a research note on Monday, March 3rd. Barclays reduced their target price on Molina Healthcare from $372.00 to $339.00 and set an "equal weight" rating for the company in a report on Friday, February 7th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $350.00 price target (down from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th. Finally, UBS Group reduced their price objective on shares of Molina Healthcare from $374.00 to $325.00 and set a "neutral" rating for the company in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $355.69.

Molina Healthcare Price Performance

NYSE:MOH traded down $4.47 during trading hours on Thursday, reaching $310.50. 803,142 shares of the company traded hands, compared to its average volume of 773,096. Molina Healthcare, Inc. has a 1-year low of $262.32 and a 1-year high of $423.92. The stock has a market cap of $17.23 billion, a P/E ratio of 15.20, a P/E/G ratio of 1.06 and a beta of 0.56. The firm's 50-day moving average is $297.31 and its 200-day moving average is $311.20. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.62 and a quick ratio of 1.62.

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

Molina Healthcare Company 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.