Geode Capital Management LLC Acquires 34,992 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Geode Capital Management LLC raised its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH) by 2.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,436,909 shares of the company’s stock after acquiring an additional 34,992 shares during the quarter. Geode Capital Management LLC owned approximately 2.51% of Molina Healthcare worth $417,144,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of MOH. Public Sector Pension Investment Board raised its stake in Molina Healthcare by 13.5% during the 3rd quarter. Public Sector Pension Investment Board now owns 2,527 shares of the company’s stock worth $871,000 after acquiring an additional 300 shares during the period. Tributary Capital Management LLC increased its stake in shares of Molina Healthcare by 76.1% in the fourth quarter. Tributary Capital Management LLC now owns 4,190 shares of the company’s stock worth $1,219,000 after purchasing an additional 1,811 shares in the last quarter. Everence Capital Management Inc. bought a new stake in shares of Molina Healthcare during the 4th quarter valued at $544,000. Smartleaf Asset Management LLC lifted its stake in shares of Molina Healthcare by 123.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 347 shares of the company’s stock valued at $100,000 after buying an additional 192 shares in the last quarter. Finally, SYM FINANCIAL Corp bought a new position in Molina Healthcare in the 4th quarter worth $249,000. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Insider Buying and Selling at Molina Healthcare

In related news, Director Steven J. Orlando sold 1,000 shares of Molina Healthcare stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $301.33, for a total transaction of $301,330.00. Following the completion of the transaction, the director now directly owns 17,375 shares of the company’s stock, valued at approximately $5,235,608.75. The trade was a 5.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Truist Financial lowered their price objective 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. Mizuho lowered their price target on Molina Healthcare from $382.00 to $376.00 and set an “outperform” rating on the stock in a report on Monday, March 3rd. Wells Fargo & Company raised shares of Molina Healthcare from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $295.00 to $372.00 in a report on Wednesday, March 5th. UBS Group lowered their target price on shares of Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating on the stock in a report on Friday, February 7th. Finally, Barclays cut their target price on shares of 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. Seven analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $348.75.

Molina Healthcare Stock Down 1.7 %

Shares of NYSE:MOH opened at $347.26 on Friday. The company has a market cap of $18.99 billion, a price-to-earnings ratio of 17.00, a PEG ratio of 1.06 and a beta of 0.56. Molina Healthcare, Inc. has a 12 month low of $262.32 and a 12 month high of $383.58. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.69. The company has a 50-day moving average price of $306.76 and a 200 day moving average price of $308.73.

Molina Healthcare (NYSE:MOH) last announced its 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 return on equity of 28.13% and a net margin of 2.90%. As a group, equities research analysts predict that Molina Healthcare, Inc. will post 24.4 earnings per share for the current 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.