IFM Investors Pty Ltd Acquires 134 Shares of Molina Healthcare, Inc. (NYSE:MOH)

IFM Investors Pty Ltd raised its holdings in Molina Healthcare, Inc. (NYSE:MOH) by 1.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,217 shares of the company’s stock after acquiring an additional 134 shares during the quarter. IFM Investors Pty Ltd’s holdings in Molina Healthcare were worth $4,899,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. CWM LLC boosted its position in shares of Molina Healthcare by 76.2% in the 3rd quarter. CWM LLC now owns 4,001 shares of the company’s stock worth $1,379,000 after purchasing an additional 1,730 shares during the last quarter. Cetera Investment Advisers boosted its holdings in Molina Healthcare by 516.4% during the first quarter. Cetera Investment Advisers now owns 10,238 shares of the company’s stock worth $4,206,000 after buying an additional 8,577 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its position in shares of Molina Healthcare by 69.5% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 11,809 shares of the company’s stock worth $4,851,000 after buying an additional 4,840 shares during the period. BNP Paribas Financial Markets increased its stake in shares of Molina Healthcare by 35.6% in the 1st quarter. BNP Paribas Financial Markets now owns 56,835 shares of the company’s stock valued at $23,350,000 after acquiring an additional 14,920 shares during the last quarter. Finally, ProShare Advisors LLC raised its position in shares of Molina Healthcare by 28.4% in the 1st quarter. ProShare Advisors LLC now owns 10,352 shares of the company’s stock valued at $4,253,000 after acquiring an additional 2,288 shares during the period. Institutional investors and hedge funds own 98.50% of the company’s stock.

Insider Buying and Selling

In other Molina Healthcare news, CAO Maurice Hebert sold 393 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $346.52, for a total value of $136,182.36. Following the completion of the transaction, the chief accounting officer now directly owns 9,473 shares in the company, valued at $3,282,583.96. This trade represents a 0.00 % 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. In other news, Director Steven J. Orlando sold 1,000 shares of the company’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $339.21, for a total value of $339,210.00. Following the sale, the director now directly owns 18,025 shares of the company’s stock, valued at approximately $6,114,260.25. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Maurice Hebert sold 393 shares of Molina Healthcare stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $346.52, for a total value of $136,182.36. Following the transaction, the chief accounting officer now owns 9,473 shares of the company’s stock, valued at $3,282,583.96. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MOH. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Molina Healthcare from $354.00 to $353.00 and set a “hold” rating for the company in a report on Monday, July 29th. Jefferies Financial Group dropped their price objective on Molina Healthcare from $354.00 to $297.00 and set a “hold” rating on the stock in a research note on Wednesday, July 24th. Barclays boosted their target price on Molina Healthcare from $359.00 to $372.00 and gave the company an “equal weight” rating in a research note on Friday. StockNews.com raised Molina Healthcare from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Finally, Truist Financial decreased their price objective on Molina Healthcare from $440.00 to $400.00 and set a “buy” rating for the company in a research report on Monday, July 15th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $367.00.

Molina Healthcare Price Performance

NYSE MOH opened at $325.54 on Friday. The firm’s 50 day moving average is $335.23 and its 200-day moving average is $329.72. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $19.08 billion, a PE ratio of 17.84, a price-to-earnings-growth ratio of 0.99 and a beta of 0.58. Molina Healthcare, Inc. has a 12-month low of $272.69 and a 12-month high of $423.92.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $6.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.96 by $0.05. Molina Healthcare had a net margin of 2.84% and a return on equity of 28.09%. The firm had revenue of $10.34 billion for the quarter, compared to analyst estimates of $9.92 billion. During the same period in the previous year, the business earned $5.05 EPS. The company’s revenue was up 21.0% compared to the same quarter last year. Equities research analysts anticipate that Molina Healthcare, Inc. will post 23.5 earnings per share for the current fiscal 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.