Molina Healthcare, Inc. (NYSE:MOH) Stock Position Lifted by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S grew its position in Molina Healthcare, Inc. (NYSE:MOH) by 58.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 4,685 shares of the company’s stock after buying an additional 1,719 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Molina Healthcare were worth $1,364,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Waldron Private Wealth LLC increased its stake in Molina Healthcare by 4.7% during the fourth quarter. Waldron Private Wealth LLC now owns 729 shares of the company’s stock valued at $212,000 after purchasing an additional 33 shares during the last quarter. Angeles Investment Advisors LLC grew its position in shares of Molina Healthcare by 5.4% during the 4th quarter. Angeles Investment Advisors LLC now owns 838 shares of the company’s stock valued at $244,000 after buying an additional 43 shares during the last quarter. Lindbrook Capital LLC raised its stake in Molina Healthcare by 38.5% during the fourth quarter. Lindbrook Capital LLC now owns 205 shares of the company’s stock worth $60,000 after acquiring an additional 57 shares during the period. Quadrant Capital Group LLC lifted its holdings in Molina Healthcare by 11.4% in the fourth quarter. Quadrant Capital Group LLC now owns 627 shares of the company’s stock worth $182,000 after acquiring an additional 64 shares during the last quarter. Finally, GeoWealth Management LLC boosted its stake in Molina Healthcare by 21.7% in the fourth quarter. GeoWealth Management LLC now owns 370 shares of the company’s stock valued at $108,000 after acquiring an additional 66 shares during the period. 98.50% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. UBS Group dropped their price target on Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating on the stock in a research report on Friday, February 7th. Stephens reiterated an “equal weight” rating and issued a $345.00 target price on shares of Molina Healthcare in a research note on Thursday, February 6th. Baird R W lowered shares of Molina Healthcare from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 15th. Wells Fargo & Company upgraded shares of 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 report on Wednesday, March 5th. Finally, StockNews.com upgraded shares of Molina Healthcare from a “hold” rating to a “buy” rating in a research report on Friday, April 11th. Nine analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $363.62.

Insider Transactions at Molina Healthcare

In related news, Director Steven J. Orlando sold 1,000 shares of Molina Healthcare stock in a transaction on Monday, March 3rd. The stock was 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 owns 17,375 shares of the company’s stock, valued at approximately $5,235,608.75. This trade represents a 5.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is currently owned by insiders.

Molina Healthcare Stock Up 6.3 %

MOH opened at $321.20 on Wednesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.62 and a current ratio of 1.62. The stock’s fifty day moving average is $316.43 and its 200-day moving average is $307.66. Molina Healthcare, Inc. has a one year low of $262.32 and a one year high of $370.99. The company has a market capitalization of $17.57 billion, a PE ratio of 15.72, a P/E/G ratio of 1.06 and a beta of 0.70.

Molina Healthcare (NYSE:MOH) last issued its earnings results on Wednesday, February 5th. The company reported $5.05 earnings per share for the quarter, missing analysts’ consensus estimates of $5.74 by ($0.69). Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. On average, equities analysts predict that Molina Healthcare, Inc. will post 24.4 EPS for the current fiscal 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.