Capital International Sarl Boosts Stake in Molina Healthcare, Inc. (NYSE:MOH)

Capital International Sarl increased its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH) by 49.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,725 shares of the company’s stock after acquiring an additional 1,233 shares during the period. Capital International Sarl’s holdings in Molina Healthcare were worth $1,084,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Wellington Management Group LLP grew its stake in shares of Molina Healthcare by 7.4% during the 4th quarter. Wellington Management Group LLP now owns 2,632,232 shares of the company’s stock worth $766,111,000 after purchasing an additional 181,073 shares during the period. FMR LLC grew its position in Molina Healthcare by 31.1% during the fourth quarter. FMR LLC now owns 1,801,113 shares of the company’s stock worth $524,214,000 after buying an additional 427,276 shares during the period. Geode Capital Management LLC increased its holdings in Molina Healthcare by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 1,436,909 shares of the company’s stock valued at $417,144,000 after buying an additional 34,992 shares in the last quarter. Invesco Ltd. lifted its position in shares of Molina Healthcare by 28.5% during the 4th quarter. Invesco Ltd. now owns 1,327,021 shares of the company’s stock valued at $386,229,000 after acquiring an additional 294,180 shares during the period. Finally, Norges Bank acquired a new stake in shares of Molina Healthcare during the 4th quarter valued at approximately $134,675,000. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on MOH. Robert W. Baird reaffirmed a “neutral” rating and issued a $375.00 price objective (up from $331.00) on shares of Molina Healthcare in a research note on Tuesday, April 15th. Wells Fargo & Company upgraded shares of Molina Healthcare from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $295.00 to $372.00 in a report on Wednesday, March 5th. Stephens reaffirmed an “equal weight” rating and issued a $345.00 price objective on shares of Molina Healthcare in a research report on Thursday, February 6th. Baird R W lowered shares of Molina Healthcare from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 15th. Finally, UBS Group cut their price objective on Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating on the stock in a report on Friday, February 7th. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $359.42.

Insiders Place Their Bets

In related news, Director Steven J. Orlando sold 1,000 shares of the firm’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 sale, the director now owns 17,375 shares of the company’s stock, valued at approximately $5,235,608.75. This trade represents a 5.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.26% of the stock is owned by corporate insiders.

Molina Healthcare Price Performance

MOH stock opened at $322.57 on Friday. Molina Healthcare, Inc. has a 52-week low of $262.32 and a 52-week high of $370.99. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $17.64 billion, a PE ratio of 15.79, a P/E/G ratio of 1.06 and a beta of 0.70. The stock’s 50 day moving average is $314.72 and its two-hundred day moving average is $307.93.

Molina Healthcare (NYSE:MOH) last posted 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 return on equity of 28.13% and a net margin of 2.90%. Analysts predict that Molina Healthcare, Inc. will post 24.4 earnings per share 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.