Amundi Pioneer Asset Management Inc. grew its holdings in Molina Healthcare, Inc. (NYSE:MOH) by 1,201.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,001 shares of the company’s stock after purchasing an additional 11,079 shares during the quarter. Amundi Pioneer Asset Management Inc.’s holdings in Molina Healthcare were worth $1,395,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of the company. Stifel Financial Corp boosted its stake in Molina Healthcare by 3.0% during the 4th quarter. Stifel Financial Corp now owns 3,120 shares of the company’s stock valued at $362,000 after purchasing an additional 92 shares during the period. Contravisory Investment Management Inc. increased its position in Molina Healthcare by 5.6% in the 4th quarter. Contravisory Investment Management Inc. now owns 1,796 shares of the company’s stock worth $209,000 after buying an additional 96 shares during the period. Strs Ohio increased its position in Molina Healthcare by 4.1% in the 4th quarter. Strs Ohio now owns 2,485 shares of the company’s stock worth $288,000 after buying an additional 98 shares during the period. Securian Asset Management Inc lifted its holdings in shares of Molina Healthcare by 1.3% during the fourth quarter. Securian Asset Management Inc now owns 7,663 shares of the company’s stock worth $891,000 after buying an additional 100 shares during the last quarter. Finally, First Hawaiian Bank lifted its holdings in shares of Molina Healthcare by 5.2% during the fourth quarter. First Hawaiian Bank now owns 3,032 shares of the company’s stock worth $352,000 after buying an additional 150 shares during the last quarter.
MOH opened at $147.36 on Friday. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.74. The company has a market cap of $9.10 billion, a PE ratio of 13.30, a PEG ratio of 1.17 and a beta of 1.68. Molina Healthcare, Inc. has a 1 year low of $79.99 and a 1 year high of $154.06.
Molina Healthcare (NYSE:MOH) last issued its earnings results on Monday, February 11th. The company reported $3.88 EPS for the quarter, topping the consensus estimate of $1.52 by $2.36. Molina Healthcare had a return on equity of 45.70% and a net margin of 3.74%. The firm had revenue of $4.66 billion during the quarter, compared to analysts’ expectations of $4.56 billion. As a group, research analysts predict that Molina Healthcare, Inc. will post 9.89 earnings per share for the current year.
Several equities research analysts have recently issued reports on MOH shares. Cowen assumed coverage on shares of Molina Healthcare in a research note on Thursday, February 28th. They issued a “market perform” rating on the stock. Morgan Stanley upped their target price on shares of Molina Healthcare from $180.00 to $192.00 and gave the company an “overweight” rating in a research note on Wednesday, February 13th. Stephens started coverage on shares of Molina Healthcare in a research note on Monday, January 14th. They set an “equal weight” rating and a $144.00 target price for the company. Mitsubishi UFJ Financial Group raised shares of Molina Healthcare from a “neutral” rating to an “overweight” rating in a report on Tuesday, January 8th. Finally, JPMorgan Chase & Co. upgraded shares of Molina Healthcare from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $127.00 to $150.00 in a research report on Tuesday, January 8th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $144.42.
In other news, Director Ronna Romney sold 200 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $136.66, for a total value of $27,332.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.77% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: This piece of content was published by Stock Observer and is the sole property of of Stock Observer. If you are accessing this piece of content on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright laws. The original version of this piece of content can be accessed at https://www.thestockobserver.com/2019/04/07/molina-healthcare-inc-moh-holdings-raised-by-amundi-pioneer-asset-management-inc.html.
Molina Healthcare Profile
Molina Healthcare, Inc provides Medicaid-related solutions to meet the health care needs of low-income families and individuals; and to assist state agencies in their administration of the Medicaid program in the United States. It operates through three segments: Health Plans, Molina Medicaid Solutions, and Other.
Recommended Story: Marijuana Stocks Future Looks Bright
Want to see what other hedge funds are holding MOH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Molina Healthcare, Inc. (NYSE:MOH).
Receive News & Ratings for Molina Healthcare Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Molina Healthcare and related companies with MarketBeat.com's FREE daily email newsletter.