Molina Healthcare, Inc. (NYSE:MOH) Shares Acquired by Fmr LLC

Fmr LLC boosted its holdings in Molina Healthcare, Inc. (NYSE:MOH) by 31.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,801,113 shares of the company’s stock after purchasing an additional 427,276 shares during the quarter. Fmr LLC’s holdings in Molina Healthcare were worth $524,214,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its position in shares of Molina Healthcare by 7.4% during the 4th quarter. Wellington Management Group LLP now owns 2,632,232 shares of the company’s stock worth $766,111,000 after buying an additional 181,073 shares during the last quarter. Geode Capital Management LLC boosted its stake in Molina Healthcare by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 1,436,909 shares of the company’s stock valued at $417,144,000 after acquiring an additional 34,992 shares in the last quarter. Norges Bank purchased a new position in shares of Molina Healthcare during the fourth quarter worth about $134,675,000. Charles Schwab Investment Management Inc. increased its position in shares of Molina Healthcare by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 400,080 shares of the company’s stock worth $116,443,000 after purchasing an additional 10,002 shares in the last quarter. Finally, Los Angeles Capital Management LLC lifted its holdings in shares of Molina Healthcare by 166.1% in the 4th quarter. Los Angeles Capital Management LLC now owns 196,513 shares of the company’s stock valued at $57,195,000 after purchasing an additional 122,674 shares during the last quarter. 98.50% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Steven J. Orlando sold 1,000 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $301.33, for a total value of $301,330.00. Following the completion of the sale, the director now owns 17,375 shares in the company, valued at $5,235,608.75. This trade represents a 5.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.10% of the company’s stock.

Molina Healthcare Price Performance

Shares of NYSE:MOH opened at $330.06 on Wednesday. Molina Healthcare, Inc. has a 52 week low of $262.32 and a 52 week high of $383.58. The company has a 50-day moving average price of $308.30 and a 200 day moving average price of $308.03. The company has a market cap of $18.05 billion, a P/E ratio of 16.16, a PEG ratio of 1.06 and a beta of 0.70. 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 (NYSE:MOH) last posted 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 net margin of 2.90% and a return on equity of 28.13%. Research analysts predict that Molina Healthcare, Inc. will post 24.4 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on MOH shares. Mizuho dropped 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. Wells Fargo & Company raised shares of Molina Healthcare from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $295.00 to $372.00 in a report on Wednesday, March 5th. StockNews.com cut shares of Molina Healthcare from a “buy” rating to a “hold” rating in a research note on Thursday, April 3rd. Truist Financial dropped their price objective on shares of Molina Healthcare from $370.00 to $340.00 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a $350.00 target price (down previously from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th. Seven equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Molina Healthcare currently has an average rating of “Moderate Buy” and an average target price of $348.75.

About Molina Healthcare

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.