CenterBook Partners LP Acquires Shares of 6,375 Molina Healthcare, Inc. (NYSE:MOH)

CenterBook Partners LP bought a new stake in Molina Healthcare, Inc. (NYSE:MOH) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 6,375 shares of the company’s stock, valued at approximately $1,855,000.

Several other hedge funds also recently made changes to their positions in MOH. APG Asset Management US Inc. purchased a new position in Molina Healthcare during the fourth quarter valued at $352,000. APG Asset Management N.V. boosted its position in Molina Healthcare by 90.8% in the fourth quarter. APG Asset Management N.V. now owns 68,649 shares of the company’s stock worth $19,295,000 after purchasing an additional 32,678 shares during the last quarter. Advisory Services Network LLC boosted its holdings in shares of Molina Healthcare by 67.2% in the fourth quarter. Advisory Services Network LLC now owns 2,326 shares of the company’s stock worth $677,000 after buying an additional 935 shares during the last quarter. Invesco Ltd. boosted its stake 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 worth $386,229,000 after acquiring an additional 294,180 shares during the last quarter. Finally, Polymer Capital Management US LLC bought a new stake in Molina Healthcare during the fourth quarter valued at about $229,000. 98.50% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. UBS Group decreased their target price on shares of Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating on the stock in a research note on Friday, February 7th. Mizuho lifted their target price on shares of Molina Healthcare from $376.00 to $400.00 and gave the company an “outperform” rating in a research note on Wednesday. Stephens reiterated an “equal weight” rating and issued a $345.00 price target on shares of Molina Healthcare in a research note on Thursday, February 6th. Guggenheim started coverage on Molina Healthcare in a research note on Wednesday. They issued a “neutral” rating for the company. Finally, Wells Fargo & Company raised Molina Healthcare from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $295.00 to $372.00 in a research note on Wednesday, March 5th. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $350.75.

Insider Activity at Molina Healthcare

In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of the company’s stock in a transaction 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 transaction, the director now owns 17,375 shares of the company’s stock, valued at $5,235,608.75. This represents a 5.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.10% of the stock is currently owned by insiders.

Molina Healthcare Trading Up 0.9 %

Shares of MOH stock opened at $343.13 on Friday. The company has a market cap of $18.77 billion, a PE ratio of 16.80, a price-to-earnings-growth ratio of 1.06 and a beta of 0.70. Molina Healthcare, Inc. has a 1 year low of $262.32 and a 1 year high of $379.07. The stock’s 50 day simple moving average is $309.80 and its two-hundred day simple moving average is $308.17. 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 posted its quarterly earnings data on Wednesday, February 5th. The company reported $5.05 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%. Research analysts predict that Molina Healthcare, Inc. will post 24.4 earnings per share for the current 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.