Quantinno Capital Management LP boosted its position in Molina Healthcare, Inc (NYSE:MOH – Free Report) by 43.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 61,495 shares of the company’s stock after purchasing an additional 18,511 shares during the period. Quantinno Capital Management LP’s holdings in Molina Healthcare were worth $8,197,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. ARGA Investment Management LP increased its position in Molina Healthcare by 1.4% during the first quarter. ARGA Investment Management LP now owns 4,166 shares of the company’s stock worth $555,000 after buying an additional 59 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Molina Healthcare by 23.8% during the 4th quarter. Blue Trust Inc. now owns 322 shares of the company’s stock worth $56,000 after acquiring an additional 62 shares during the period. Caitong International Asset Management Co. Ltd boosted its stake in shares of Molina Healthcare by 64.5% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 232 shares of the company’s stock worth $40,000 after acquiring an additional 91 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Molina Healthcare by 0.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,668 shares of the company’s stock worth $2,616,000 after acquiring an additional 92 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its holdings in shares of Molina Healthcare by 0.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 16,753 shares of the company’s stock worth $3,206,000 after acquiring an additional 104 shares during the last quarter. Institutional investors own 98.50% of the company’s stock.
Molina Healthcare Stock Performance
Shares of NYSE MOH opened at $191.29 on Wednesday. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.68 and a quick ratio of 1.68. The firm has a market cap of $9.99 billion, a price-to-earnings ratio of -1,062.69, a P/E/G ratio of 27.90 and a beta of 0.75. The stock’s fifty day moving average price is $208.17 and its two-hundred day moving average price is $177.67. Molina Healthcare, Inc has a one year low of $121.06 and a one year high of $244.89.
Analyst Ratings Changes
MOH has been the subject of several research reports. Morgan Stanley raised their price target on Molina Healthcare from $146.00 to $167.00 and gave the company an “equal weight” rating in a report on Thursday, June 4th. UBS Group increased their price objective on shares of Molina Healthcare from $180.00 to $202.00 and gave the company a “neutral” rating in a research report on Friday, May 22nd. JPMorgan Chase & Co. raised their target price on shares of Molina Healthcare from $169.00 to $191.00 and gave the stock a “neutral” rating in a research note on Monday, June 8th. Wells Fargo & Company reduced their target price on shares of Molina Healthcare from $235.00 to $220.00 and set an “equal weight” rating for the company in a report on Tuesday, July 28th. Finally, Barclays decreased their price target on shares of Molina Healthcare from $184.00 to $180.00 and set an “underweight” rating on the stock in a research note on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $202.44.
Get Our Latest Report on Molina Healthcare
Insider Transactions at Molina Healthcare
In other Molina Healthcare news, CAO Maurice Hebert sold 600 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $191.55, for a total value of $114,930.00. Following the completion of the sale, the chief accounting officer owned 12,815 shares of the company’s stock, valued at $2,454,713.25. The trade was a 4.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jeff D. Barlow sold 17,811 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $186.12, for a total transaction of $3,314,983.32. Following the transaction, the insider owned 67,175 shares in the company, valued at approximately $12,502,611. The trade was a 20.96% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.44% of the stock is currently owned by company insiders.
About Molina Healthcare
Molina Healthcare, Inc is a managed care company specializing in government-sponsored health insurance programs. The company offers Medicaid managed care plans, Medicare Advantage and prescription drug plans, and individual Marketplace plans under the Affordable Care Act. Through an integrated care model, Molina emphasizes preventive and primary care services, care coordination, and disease management to improve health outcomes for its members.
The company traces its roots to the early 1980s, when Dr.
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