Capital Group Private Client Services Inc. Has $2.95 Million Stock Position in Molina Healthcare, Inc. (NYSE:MOH)

Capital Group Private Client Services Inc. lifted its position in shares of Molina Healthcare, Inc. (NYSE:MOH) by 21.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,148 shares of the company’s stock after purchasing an additional 1,763 shares during the quarter. Capital Group Private Client Services Inc.’s holdings in Molina Healthcare were worth $2,954,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of MOH. Waldron Private Wealth LLC increased its holdings in Molina Healthcare by 4.7% in the 4th quarter. Waldron Private Wealth LLC now owns 729 shares of the company’s stock valued at $212,000 after buying an additional 33 shares during the period. Angeles Investment Advisors LLC boosted its position in shares of Molina Healthcare by 5.4% during the 4th quarter. Angeles Investment Advisors LLC now owns 838 shares of the company’s stock valued at $244,000 after acquiring an additional 43 shares in the last quarter. Lindbrook Capital LLC increased its stake in Molina Healthcare by 38.5% in the fourth quarter. Lindbrook Capital LLC now owns 205 shares of the company’s stock valued at $60,000 after acquiring an additional 57 shares during the period. Quadrant Capital Group LLC raised its position in Molina Healthcare by 11.4% in the fourth quarter. Quadrant Capital Group LLC now owns 627 shares of the company’s stock worth $182,000 after purchasing an additional 64 shares in the last quarter. Finally, Brooklyn Investment Group lifted its stake in Molina Healthcare by 20.1% during the fourth quarter. Brooklyn Investment Group now owns 400 shares of the company’s stock worth $116,000 after purchasing an additional 67 shares during the period. 98.50% of the stock is currently owned by institutional investors.

Molina Healthcare Price Performance

Shares of MOH stock opened at $322.57 on Friday. Molina Healthcare, Inc. has a 1 year low of $262.32 and a 1 year high of $370.99. 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 firm’s 50 day moving average is $313.73 and its 200-day moving average is $308.23. The firm has a market capitalization of $17.64 billion, a price-to-earnings ratio of 15.79, a PEG ratio of 1.06 and a beta of 0.70.

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

Analysts Set New Price Targets

MOH has been the topic of several analyst reports. Baird R W lowered Molina Healthcare from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. StockNews.com upgraded Molina Healthcare from a “hold” rating to a “buy” rating in a research report on Friday, April 11th. Barclays cut their price objective on Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating for the company in a report on Friday, February 7th. Mizuho upped their target price on shares of Molina Healthcare from $376.00 to $400.00 and gave the stock an “outperform” rating in a report on Wednesday, April 9th. Finally, Stephens reissued an “equal weight” rating and set a $345.00 price target on shares of Molina Healthcare in a report on Thursday, February 6th. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $359.42.

Insider Activity at Molina Healthcare

In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $301.33, for a total transaction of $301,330.00. Following the completion of the sale, 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.26% of the stock is owned by company insiders.

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.