Dynamic Technology Lab Private Ltd Takes $1.29 Million Position in Molina Healthcare, Inc. (NYSE:MOH)

Dynamic Technology Lab Private Ltd acquired a new position in shares of Molina Healthcare, Inc. (NYSE:MOH) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 4,430 shares of the company’s stock, valued at approximately $1,289,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in Molina Healthcare during the fourth quarter worth about $134,675,000. Wellington Management Group LLP increased its stake in 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 period. Los Angeles Capital Management LLC lifted its holdings 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 worth $57,195,000 after buying an additional 122,674 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in Molina Healthcare in the 4th quarter valued at approximately $26,091,000. Finally, Victory Capital Management Inc. grew its stake in shares of 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. Institutional investors and hedge funds own 98.50% of the company’s stock.

Insider Buying and Selling at Molina Healthcare

In related news, Director Steven J. Orlando sold 1,000 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $301.33, for a total value 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 sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.10% of the stock is currently owned by company insiders.

Molina Healthcare Stock Down 1.7 %

Shares of NYSE MOH opened at $347.26 on Friday. The business has a 50-day moving average price of $306.76 and a 200 day moving average price of $308.73. The stock has a market cap of $18.99 billion, a PE ratio of 17.00, a price-to-earnings-growth ratio of 1.06 and a beta of 0.56. 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 52-week low of $262.32 and a 52-week high of $383.58.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings data 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%. Equities research analysts forecast that Molina Healthcare, Inc. will post 24.4 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. UBS Group reduced their price objective on Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating on the stock in a research note on Friday, February 7th. Stephens reiterated an “equal weight” rating and issued a $345.00 price objective on shares of Molina Healthcare in a research note on Thursday, February 6th. Wells Fargo & Company upgraded shares of Molina Healthcare from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $295.00 to $372.00 in a research note on Wednesday, March 5th. Mizuho decreased their price target 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. Finally, Barclays dropped their price objective 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. Seven research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Molina Healthcare currently has an average rating of “Moderate Buy” and a consensus price target 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.