Guggenheim Capital LLC Raises Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Guggenheim Capital LLC raised its holdings in Molina Healthcare, Inc. (NYSE:MOH) by 23.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,072 shares of the company’s stock after purchasing an additional 968 shares during the quarter. Guggenheim Capital LLC’s holdings in Molina Healthcare were worth $1,476,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Virtu Financial LLC acquired a new position in Molina Healthcare in the third quarter valued at about $2,111,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Molina Healthcare in the 3rd quarter worth approximately $113,000. Tri Ri Asset Management Corp purchased a new position in shares of Molina Healthcare during the 3rd quarter worth approximately $3,722,000. Oddo BHF Asset Management Sas acquired a new stake in Molina Healthcare in the 3rd quarter valued at approximately $2,947,000. Finally, Principal Financial Group Inc. raised its position in Molina Healthcare by 3.3% in the third quarter. Principal Financial Group Inc. now owns 74,160 shares of the company’s stock valued at $25,553,000 after purchasing an additional 2,389 shares during the period. Institutional investors and hedge funds own 98.50% of the company’s stock.

Molina Healthcare Trading Down 6.4 %

MOH opened at $301.66 on Tuesday. The business’s 50-day simple moving average is $315.43 and its 200-day simple moving average is $307.56. The company has a market cap of $16.50 billion, a P/E ratio of 14.77, a PEG ratio of 1.06 and a beta of 0.70. Molina Healthcare, Inc. has a one year low of $262.32 and a one year high of $370.99. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.62 and a current ratio of 1.62.

Molina Healthcare (NYSE:MOH) last issued 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 return on equity of 28.13% and a net margin of 2.90%. As a group, equities research analysts expect that Molina Healthcare, Inc. will post 24.4 EPS for the current fiscal year.

Insiders Place Their Bets

In other 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 completion of the sale, the director now directly owns 17,375 shares of the company’s stock, valued at approximately $5,235,608.75. The trade was a 5.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on MOH shares. Wells Fargo & Company raised Molina Healthcare from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $295.00 to $372.00 in a research note on Wednesday, March 5th. Robert W. Baird reaffirmed a “neutral” rating and issued a $375.00 target price (up from $331.00) on shares of Molina Healthcare in a research report on Tuesday, April 15th. Mizuho increased their price target on shares of Molina Healthcare from $376.00 to $400.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 9th. StockNews.com upgraded shares of Molina Healthcare from a “hold” rating to a “buy” rating in a report on Friday, April 11th. Finally, Barclays reduced their target price on shares of Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating on the stock in a report on Friday, February 7th. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Molina Healthcare has an average rating of “Hold” and a consensus target price of $359.42.

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.