Geode Capital Management LLC Grows Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Geode Capital Management LLC grew its stake in shares of Molina Healthcare, Inc. (NYSE:MOH) by 2.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,436,909 shares of the company’s stock after purchasing an additional 34,992 shares during the quarter. Geode Capital Management LLC’s holdings in Molina Healthcare were worth $417,144,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Waldron Private Wealth LLC lifted its holdings in Molina Healthcare by 4.7% during the fourth quarter. Waldron Private Wealth LLC now owns 729 shares of the company’s stock worth $212,000 after buying an additional 33 shares during the period. Angeles Investment Advisors LLC lifted its stake 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 worth $244,000 after purchasing an additional 43 shares during the last quarter. HighTower Advisors LLC boosted its position in Molina Healthcare by 2.1% during the third quarter. HighTower Advisors LLC now owns 2,627 shares of the company’s stock valued at $906,000 after purchasing an additional 55 shares in the last quarter. Lindbrook Capital LLC grew 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 purchasing an additional 57 shares during the last quarter. Finally, Brooklyn Investment Group raised its holdings in Molina Healthcare by 20.1% in the fourth quarter. Brooklyn Investment Group now owns 400 shares of the company’s stock worth $116,000 after purchasing an additional 67 shares in the last quarter. 98.50% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on MOH shares. Barclays decreased 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. Stephens reissued an “equal weight” rating and issued a $345.00 price target on shares of Molina Healthcare in a report on Thursday, February 6th. Mizuho cut their price objective on shares of Molina Healthcare from $382.00 to $376.00 and set an “outperform” rating on the stock in a report on Monday, March 3rd. StockNews.com cut shares of Molina Healthcare from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, UBS Group decreased their price target on shares of Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating for the company in a report on Friday, February 7th. Seven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $348.75.

Insider Buying and Selling at Molina Healthcare

In related news, Director Steven J. Orlando sold 1,000 shares of Molina Healthcare 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 transaction, the director now owns 17,375 shares in the company, valued at $5,235,608.75. The trade was a 5.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is owned by corporate insiders.

Molina Healthcare Stock Down 1.7 %

Shares of MOH opened at $347.26 on Friday. The company has a market capitalization of $18.99 billion, a price-to-earnings ratio of 17.00, a PEG ratio of 1.06 and a beta of 0.56. Molina Healthcare, Inc. has a 52 week low of $262.32 and a 52 week high of $383.58. The stock’s 50-day moving average price is $306.76 and its 200-day moving average price is $308.73. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.69.

Molina Healthcare (NYSE:MOH) last released 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%. On average, sell-side analysts predict that Molina Healthcare, Inc. will post 24.4 EPS for the current year.

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.