Jackson Square Partners LLC Boosts Stock Position in Molina Healthcare, Inc. (NYSE:MOH)

Jackson Square Partners LLC raised its holdings in Molina Healthcare, Inc. (NYSE:MOH) by 48.1% in the 4th quarter, HoldingsChannel reports. The fund owned 79,501 shares of the company’s stock after acquiring an additional 25,813 shares during the period. Molina Healthcare makes up 2.5% of Jackson Square Partners LLC’s investment portfolio, making the stock its 16th largest position. Jackson Square Partners LLC’s holdings in Molina Healthcare were worth $23,139,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Public Sector Pension Investment Board increased its position in Molina Healthcare by 13.5% during the third quarter. Public Sector Pension Investment Board now owns 2,527 shares of the company’s stock worth $871,000 after purchasing an additional 300 shares during the last quarter. Tributary Capital Management LLC raised its position in shares of Molina Healthcare by 76.1% in the 4th 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 period. Everence Capital Management Inc. acquired a new position in Molina Healthcare in the fourth quarter valued at $544,000. Smartleaf Asset Management LLC grew its position in Molina Healthcare by 123.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 347 shares of the company’s stock valued at $100,000 after acquiring an additional 192 shares during the period. Finally, SYM FINANCIAL Corp acquired a new stake in Molina Healthcare during the fourth quarter worth about $249,000. Institutional investors and hedge funds own 98.50% of the company’s stock.

Insider Activity

In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of the company’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 directly owns 17,375 shares in the company, valued at $5,235,608.75. This represents a 5.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on MOH shares. Wells Fargo & Company raised shares of 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 research report on Wednesday, March 5th. Stephens restated an “equal weight” rating and issued a $345.00 target price on shares of Molina Healthcare in a research note on Thursday, February 6th. Barclays lowered their target price on Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating for the company in a research note on Friday, February 7th. Mizuho reduced 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. Finally, StockNews.com downgraded Molina Healthcare from a “buy” rating to a “hold” rating in a report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Molina Healthcare has a consensus rating of “Hold” and an average price target of $355.69.

Molina Healthcare Trading Up 1.0 %

Shares of NYSE:MOH opened at $313.05 on Tuesday. The firm has a fifty day moving average of $300.36 and a two-hundred day moving average of $309.09. 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 $423.92. The firm has a market capitalization of $17.12 billion, a P/E ratio of 15.32, a price-to-earnings-growth ratio of 1.06 and a beta of 0.56.

Molina Healthcare (NYSE:MOH) last posted its earnings results on Wednesday, February 5th. The company reported $5.05 earnings per share 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%. On average, equities analysts expect that Molina Healthcare, Inc. will post 24.4 EPS for the current fiscal year.

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.