Meeder Asset Management Inc. Has $942,000 Position in Molina Healthcare, Inc. (NYSE:MOH)

Meeder Asset Management Inc. increased its position in Molina Healthcare, Inc. (NYSE:MOH) by 14,609.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,236 shares of the company’s stock after purchasing an additional 3,214 shares during the quarter. Meeder Asset Management Inc.’s holdings in Molina Healthcare were worth $942,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Public Sector Pension Investment Board boosted its position in Molina Healthcare by 13.5% in the third quarter. Public Sector Pension Investment Board now owns 2,527 shares of the company’s stock valued at $871,000 after buying an additional 300 shares in the last quarter. Tributary Capital Management LLC boosted its holdings in Molina Healthcare by 76.1% during the fourth quarter. Tributary Capital Management LLC now owns 4,190 shares of the company’s stock worth $1,219,000 after buying an additional 1,811 shares during the last quarter. Everence Capital Management Inc. bought a new stake in Molina Healthcare in the fourth quarter valued at approximately $544,000. Smartleaf Asset Management LLC increased its position in shares of 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 buying an additional 192 shares in the last quarter. Finally, SYM FINANCIAL Corp acquired a new stake in shares of Molina Healthcare during the fourth quarter worth about $249,000. 98.50% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Steven J. Orlando sold 1,000 shares of the business’s stock in a transaction 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 in the company, valued at $5,235,608.75. The trade was a 5.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on MOH. Wells Fargo & Company upgraded Molina Healthcare from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $295.00 to $372.00 in a report on Wednesday, March 5th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $350.00 target price (down from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th. Mizuho dropped their price target on Molina Healthcare from $382.00 to $376.00 and set an “outperform” rating for the company in a report on Monday, March 3rd. UBS Group cut their target price on Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating for the company in a research report on Friday, February 7th. Finally, Barclays reduced their price target on shares of 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. Six research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $348.75.

Molina Healthcare Stock Down 0.2 %

Shares of NYSE:MOH opened at $322.78 on Monday. The firm has a market cap of $17.66 billion, a P/E ratio of 15.80, a P/E/G ratio of 1.06 and a beta of 0.56. The business has a fifty day simple moving average of $302.98 and a 200 day simple moving average of $309.01. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.69. Molina Healthcare, Inc. has a 12-month low of $262.32 and a 12-month high of $409.07.

Molina Healthcare (NYSE:MOH) 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%. Analysts predict that Molina Healthcare, Inc. will post 24.4 earnings per share for the current year.

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.