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

Aigen Investment Management LP boosted its stake in shares of Molina Healthcare, Inc. (NYSE:MOH) by 180.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,521 shares of the company’s stock after buying 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 quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of MOH. Public Sector Pension Investment Board increased its stake in Molina Healthcare by 13.5% in the third quarter. Public Sector Pension Investment Board now owns 2,527 shares of the company’s stock worth $871,000 after purchasing an additional 300 shares during the period. Tributary Capital Management LLC increased its stake in 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 during the period. Everence Capital Management Inc. purchased a new stake in Molina Healthcare in the fourth quarter worth $544,000. SYM FINANCIAL Corp purchased a new stake in Molina Healthcare in the fourth quarter worth $249,000. Finally, Oddo BHF Asset Management Sas purchased a new stake in Molina Healthcare in the third quarter worth $2,947,000. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Molina Healthcare Price Performance

Shares of MOH stock opened at $312.05 on Thursday. Molina Healthcare, Inc. has a 1-year low of $262.32 and a 1-year high of $423.92. The stock’s 50-day moving average is $293.65 and its 200 day moving average is $311.96. The company has a market cap of $17.32 billion, a P/E ratio of 15.27, a PEG ratio of 1.06 and a beta of 0.54. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.62 and a quick ratio of 1.62.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $5.05 earnings per share 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%. Research analysts predict that Molina Healthcare, Inc. will post 24.4 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on MOH shares. UBS Group reduced their target price on Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating on the stock in a research note on Friday, February 7th. Truist Financial dropped their price target 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. Stephens reissued an “equal weight” rating and set a $345.00 price target on shares of Molina Healthcare in a research report on Thursday, February 6th. StockNews.com downgraded Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 8th. Finally, Mizuho dropped their price target on Molina Healthcare from $382.00 to $376.00 and set an “outperform” rating on the stock in a research report on Monday. One research analyst has rated the stock with a sell rating, six have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Molina Healthcare currently has an average rating of “Moderate Buy” and an average target price of $355.69.

Insiders Place Their Bets

In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $301.33, for a total value of $301,330.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.10% of the company’s stock.

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.