Mn Services Vermogensbeheer B.V. raised its holdings in Molina Healthcare, Inc. (NYSE:MOH – Free Report) by 1.8% in the fourth quarter, Holdings Channel reports. The firm owned 23,200 shares of the company’s stock after purchasing an additional 400 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Molina Healthcare were worth $6,752,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently bought and sold shares of the company. True Wealth Design LLC grew its stake in Molina Healthcare by 2,500.0% in the 3rd quarter. True Wealth Design LLC now owns 104 shares of the company’s stock valued at $36,000 after purchasing an additional 100 shares during the period. Versant Capital Management Inc grew its stake in Molina Healthcare by 83.1% in the 4th quarter. Versant Capital Management Inc now owns 163 shares of the company’s stock valued at $47,000 after purchasing an additional 74 shares during the period. Wingate Wealth Advisors Inc. bought a new position in Molina Healthcare in the 4th quarter valued at $52,000. Financial Perspectives Inc bought a new position in Molina Healthcare in the 4th quarter valued at $59,000. Finally, Capital Performance Advisors LLP bought a new position in Molina Healthcare in the 3rd quarter valued at $62,000. Institutional investors own 98.50% of the company’s stock.
Analyst Ratings Changes
A number of research analysts have issued reports on the company. JPMorgan Chase & Co. restated a “neutral” rating and issued a $350.00 price objective (down previously from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th. Wells Fargo & Company increased their price target on Molina Healthcare from $360.00 to $362.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Barclays cut their price target 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. StockNews.com downgraded Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 8th. Finally, UBS Group cut their price target on Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating for the company in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $353.17.
Molina Healthcare Stock Performance
Shares of MOH opened at $301.45 on Friday. The stock’s 50-day simple moving average is $293.26 and its 200 day simple moving average is $312.94. The stock has a market capitalization of $16.73 billion, a price-to-earnings ratio of 14.76, a price-to-earnings-growth ratio of 1.06 and a beta of 0.54. 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, Inc. has a 52-week low of $262.32 and a 52-week high of $423.92.
Molina Healthcare (NYSE:MOH – Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $5.05 earnings per share (EPS) 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%. Research analysts forecast that Molina Healthcare, Inc. will post 24.4 EPS for the current fiscal year.
Molina Healthcare Company 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.
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