Aigen Investment Management LP Grows Stock Position in Molina Healthcare, Inc. (NYSE:MOH)

Aigen Investment Management LP lifted its stake in shares of Molina Healthcare, Inc. (NYSE:MOH) by 180.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,521 shares of the company’s stock after acquiring an additional 2,907 shares during the quarter. Aigen Investment Management LP’s holdings in Molina Healthcare were worth $1,316,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. True Wealth Design LLC grew its stake in shares of Molina Healthcare by 2,500.0% during the 3rd quarter. True Wealth Design LLC now owns 104 shares of the company’s stock valued at $36,000 after acquiring an additional 100 shares during the period. Versant Capital Management Inc grew its stake in shares of Molina Healthcare by 83.1% during the 4th quarter. Versant Capital Management Inc now owns 163 shares of the company’s stock valued at $47,000 after acquiring an additional 74 shares during the period. Wingate Wealth Advisors Inc. bought a new position in shares of Molina Healthcare during the 4th quarter valued at approximately $52,000. Capital Performance Advisors LLP bought a new position in shares of Molina Healthcare during the 3rd quarter valued at approximately $62,000. Finally, Financial Perspectives Inc bought a new position in shares of Molina Healthcare during the 4th quarter valued at approximately $59,000. 98.50% of the stock is currently owned by institutional investors.

Insider Activity at Molina Healthcare

In related news, Director Steven J. Orlando sold 1,000 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $301.33, for a total transaction of $301,330.00. Following the sale, the director now owns 17,375 shares in the company, valued at approximately $5,235,608.75. This represents a 5.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MOH. Wells Fargo & Company upgraded Molina Healthcare from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $295.00 to $372.00 in a research note on Wednesday. UBS Group dropped 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. Stephens restated an “equal weight” rating and issued a $345.00 price target on shares of Molina Healthcare in a research note on Thursday, February 6th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $350.00 price target (down from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th. Finally, StockNews.com downgraded Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 8th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Molina Healthcare has a consensus rating of “Moderate Buy” and a consensus price target of $355.69.

Molina Healthcare Stock Up 1.8 %

NYSE MOH opened at $312.05 on Thursday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.62 and a current ratio of 1.62. The company has a market capitalization of $17.32 billion, a P/E ratio of 15.27, a P/E/G ratio of 1.06 and a beta of 0.54. Molina Healthcare, Inc. has a one year low of $262.32 and a one year high of $423.92. The stock has a 50 day moving average price of $293.65 and a 200-day moving average price of $311.96.

Molina Healthcare (NYSE:MOH) last posted 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 net margin of 2.90% and a return on equity of 28.13%. As a group, equities analysts predict that Molina Healthcare, Inc. will post 24.4 EPS for the current fiscal year.

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.