Zurcher Kantonalbank Zurich Cantonalbank Purchases 777 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Molina Healthcare, Inc. (NYSE:MOH) by 3.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,505 shares of the company’s stock after purchasing an additional 777 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Molina Healthcare were worth $5,968,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AlphaQuest LLC acquired a new stake in shares of Molina Healthcare during the fourth quarter worth $230,000. PNC Financial Services Group Inc. increased its position in Molina Healthcare by 10.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,301 shares of the company’s stock worth $961,000 after acquiring an additional 301 shares during the period. Edgestream Partners L.P. bought a new position in Molina Healthcare during the fourth quarter worth about $4,163,000. E Fund Management Co. Ltd. raised its stake in Molina Healthcare by 109.5% in the 4th quarter. E Fund Management Co. Ltd. now owns 1,251 shares of the company’s stock worth $364,000 after purchasing an additional 654 shares in the last quarter. Finally, Lindbrook Capital LLC boosted its holdings in Molina Healthcare by 38.5% in the 4th quarter. Lindbrook Capital LLC now owns 205 shares of the company’s stock valued at $60,000 after purchasing an additional 57 shares during the period. 98.50% of the stock is owned by institutional investors and hedge funds.

Molina Healthcare Price Performance

Shares of NYSE:MOH opened at $308.51 on Friday. Molina Healthcare, Inc. has a one year low of $262.32 and a one year high of $423.92. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.62 and a quick ratio of 1.62. The company has a market cap of $17.12 billion, a price-to-earnings ratio of 15.10, a PEG ratio of 1.06 and a beta of 0.56. The firm has a 50 day simple moving average of $297.78 and a 200 day simple moving average of $311.20.

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

Insider Activity

In other news, Director Steven J. Orlando sold 1,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the director now owns 17,375 shares of the company’s stock, valued at $5,235,608.75. This represents a 5.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 1.11% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MOH. Stephens reiterated an “equal weight” rating and issued a $345.00 price target on shares of Molina Healthcare in a research report on Thursday, February 6th. UBS Group dropped their price objective on Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating for the company in a report on Friday, February 7th. Truist Financial decreased their price target on Molina Healthcare from $370.00 to $340.00 and set a “buy” rating on the stock in a research report on Wednesday, February 19th. Barclays dropped 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. Finally, Wells Fargo & Company upgraded shares of Molina Healthcare from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $295.00 to $372.00 in a research note on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $355.69.

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.