Bank of Montreal Can Has $16 Million Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Bank of Montreal Can trimmed its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH) by 12.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 54,959 shares of the company’s stock after selling 7,759 shares during the quarter. Bank of Montreal Can’s holdings in Molina Healthcare were worth $15,996,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Polymer Capital Management US LLC acquired a new stake in Molina Healthcare in the fourth quarter worth $229,000. Cerity Partners LLC boosted its position in shares of Molina Healthcare by 114.1% during the 4th quarter. Cerity Partners LLC now owns 11,598 shares of the company’s stock worth $3,482,000 after purchasing an additional 6,180 shares in the last quarter. FMR LLC grew its stake in shares of Molina Healthcare by 31.1% in the 4th quarter. FMR LLC now owns 1,801,113 shares of the company’s stock valued at $524,214,000 after buying an additional 427,276 shares during the period. Federated Hermes Inc. grew its stake in shares of Molina Healthcare by 28.3% in the 4th quarter. Federated Hermes Inc. now owns 49,121 shares of the company’s stock valued at $14,297,000 after buying an additional 10,832 shares during the period. Finally, Quadrant Capital Group LLC increased its position in Molina Healthcare by 11.4% in the 4th quarter. Quadrant Capital Group LLC now owns 627 shares of the company’s stock valued at $182,000 after buying an additional 64 shares in the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.

Insider Transactions at Molina Healthcare

In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of the company’s 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 sale, the director now directly owns 17,375 shares of the company’s stock, valued at $5,235,608.75. This represents a 5.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is owned by corporate insiders.

Molina Healthcare Price Performance

Shares of NYSE MOH opened at $345.30 on Friday. The company has a market capitalization of $18.89 billion, a PE ratio of 16.90, a PEG ratio of 1.06 and a beta of 0.70. 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 stock’s 50 day moving average price is $310.39 and its 200-day moving average price is $308.18. Molina Healthcare, Inc. has a twelve month low of $262.32 and a twelve month high of $378.92.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $5.05 earnings per share for the quarter, missing the consensus estimate of $5.74 by ($0.69). Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. On average, equities analysts anticipate that Molina Healthcare, Inc. will post 24.4 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Guggenheim initiated coverage on Molina Healthcare in a report on Wednesday. They issued a “neutral” rating on the stock. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $350.00 price target (down previously from $378.00) on shares of Molina Healthcare in a research report on Tuesday, December 17th. UBS Group lowered their price objective 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. StockNews.com upgraded shares of Molina Healthcare from a “hold” rating to a “buy” rating in a report on Friday. Finally, Mizuho boosted their target price on shares of Molina Healthcare from $376.00 to $400.00 and gave the stock an “outperform” rating in a research report on Wednesday. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Molina Healthcare has a consensus rating of “Moderate Buy” and a consensus price target of $355.75.

About Molina Healthcare

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.