Pictet Asset Management Holding SA Raises Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Pictet Asset Management Holding SA increased its stake in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 9.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,997 shares of the company's stock after purchasing an additional 3,255 shares during the quarter. Pictet Asset Management Holding SA owned approximately 0.07% of Molina Healthcare worth $11,059,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in shares of Molina Healthcare during the 4th quarter valued at $134,675,000. Los Angeles Capital Management LLC increased its position in Molina Healthcare by 166.1% during the 4th quarter. Los Angeles Capital Management LLC now owns 196,513 shares of the company's stock valued at $57,195,000 after buying an additional 122,674 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in Molina Healthcare in the fourth quarter valued at about $26,091,000. Victory Capital Management Inc. boosted its holdings in Molina Healthcare by 48.9% in the fourth quarter. Victory Capital Management Inc. now owns 141,184 shares of the company's stock worth $41,092,000 after acquiring an additional 46,350 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Molina Healthcare during the fourth quarter worth about $10,725,000. Institutional investors own 98.50% of the company's stock.

Insider Transactions at Molina Healthcare

In other news, Director Steven J. Orlando sold 1,000 shares of the business's stock in a transaction dated 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 $5,235,608.75. The trade was a 5.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.10% of the company's stock.

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Molina Healthcare Stock Performance

NYSE MOH traded down $6.57 during mid-day trading on Monday, reaching $340.14. 908,362 shares of the stock were exchanged, compared to its average volume of 643,723. The company has a market capitalization of $18.61 billion, a P/E ratio of 16.65, a P/E/G ratio of 1.06 and a beta of 0.70. 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 is $307.33 and its 200-day moving average is $308.02. Molina Healthcare, Inc. has a 1 year low of $262.32 and a 1 year high of $383.58.

Molina Healthcare (NYSE:MOH - Get Free Report) last posted its earnings results 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%. On average, equities research analysts forecast that Molina Healthcare, Inc. will post 24.4 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. 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 report on Monday, March 3rd. Truist Financial lowered their price objective on shares of Molina Healthcare from $370.00 to $340.00 and set a "buy" rating for the company in a research note on Wednesday, February 19th. 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. Stephens reaffirmed an "equal weight" rating and set a $345.00 price target on shares of Molina Healthcare in a research report on Thursday, February 6th. Finally, StockNews.com lowered Molina Healthcare from a "buy" rating to a "hold" rating in a report on Thursday. Seven investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Molina Healthcare presently has an average rating of "Moderate Buy" and an average target price of $348.75.

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.