Victory Capital Management Inc. Has $41.09 Million Stock Position in Molina Healthcare, Inc. (NYSE:MOH)

Victory Capital Management Inc. lifted its holdings in Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 48.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 141,184 shares of the company's stock after purchasing an additional 46,350 shares during the period. Victory Capital Management Inc. owned approximately 0.25% of Molina Healthcare worth $41,092,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Public Sector Pension Investment Board grew its stake in shares of Molina Healthcare by 13.5% in the third 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. Tributary Capital Management LLC grew its stake in Molina Healthcare by 76.1% during the 4th quarter. Tributary Capital Management LLC now owns 4,190 shares of the company's stock worth $1,219,000 after purchasing an additional 1,811 shares in the last quarter. Everence Capital Management Inc. purchased a new stake in Molina Healthcare during the 4th quarter worth about $544,000. Smartleaf Asset Management LLC raised its position in Molina Healthcare by 123.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 347 shares of the company's stock valued at $100,000 after purchasing an additional 192 shares in the last quarter. Finally, SYM FINANCIAL Corp purchased a new position in shares of Molina Healthcare in the 4th quarter valued at about $249,000. 98.50% of the stock is owned by hedge funds and other institutional investors.

Insider Activity 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 transaction, the director now owns 17,375 shares of the company's stock, 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 is available through the SEC website. Insiders own 1.11% of the company's stock.

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Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MOH. Barclays reduced their price objective on shares of Molina Healthcare from $372.00 to $339.00 and set an "equal weight" rating for the company in a research report on Friday, February 7th. Wells Fargo & Company raised Molina Healthcare from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $295.00 to $372.00 in a research report on Wednesday, March 5th. Mizuho reduced their target price 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. Stephens restated an "equal weight" rating and issued a $345.00 price target on shares of Molina Healthcare in a research note on Thursday, February 6th. Finally, UBS Group lowered 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. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $355.69.

Molina Healthcare Stock Down 3.0 %

NYSE:MOH traded down $9.73 on Wednesday, hitting $315.08. 664,278 shares of the company's stock traded hands, compared to its average volume of 769,525. The firm has a 50-day moving average price of $296.83 and a 200-day moving average price of $311.18. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.69. The company has a market cap of $17.49 billion, a PE ratio of 15.42, a price-to-earnings-growth ratio of 1.06 and a beta of 0.56. Molina Healthcare, Inc. has a 1 year low of $262.32 and a 1 year high of $423.92.

Molina Healthcare (NYSE:MOH - Get Free Report) last announced 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 analysts anticipate that Molina Healthcare, Inc. will post 24.4 EPS 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.