International Assets Investment Management LLC Increases Stock Holdings in Molina Healthcare, Inc. (NYSE:MOH)

International Assets Investment Management LLC raised its stake in Molina Healthcare, Inc. (NYSE:MOH) by 31,696.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,949 shares of the company’s stock after buying an additional 7,924 shares during the quarter. International Assets Investment Management LLC’s holdings in Molina Healthcare were worth $2,872,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Molina Healthcare by 18.4% in the first quarter. Vanguard Group Inc. now owns 6,449,375 shares of the company’s stock valued at $2,151,448,000 after buying an additional 1,001,372 shares during the last quarter. Wellington Management Group LLP lifted its position in Molina Healthcare by 8.3% in the third quarter. Wellington Management Group LLP now owns 3,395,040 shares of the company’s stock valued at $1,113,200,000 after buying an additional 259,474 shares during the last quarter. State Street Corp lifted its position in Molina Healthcare by 25.6% in the first quarter. State Street Corp now owns 2,457,008 shares of the company’s stock valued at $819,633,000 after buying an additional 501,107 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Molina Healthcare by 10.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,374,111 shares of the company’s stock valued at $783,979,000 after buying an additional 228,221 shares during the last quarter. Finally, FMR LLC lifted its position in Molina Healthcare by 1.0% in the third quarter. FMR LLC now owns 2,175,796 shares of the company’s stock valued at $713,422,000 after buying an additional 22,583 shares during the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.

Molina Healthcare Stock Up 0.3 %

Shares of NYSE:MOH opened at $360.84 on Friday. The firm’s 50 day moving average price is $394.75 and its 200 day moving average price is $370.71. The stock has a market cap of $21.14 billion, a price-to-earnings ratio of 19.21, a price-to-earnings-growth ratio of 1.00 and a beta of 0.47. Molina Healthcare, Inc. has a fifty-two week low of $266.35 and a fifty-two week high of $423.92. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.57.

Molina Healthcare (NYSE:MOH) last issued its earnings results on Wednesday, February 7th. The company reported $4.38 earnings per share for the quarter, beating the consensus estimate of $4.31 by $0.07. The firm had revenue of $9.05 billion for the quarter, compared to analysts’ expectations of $8.35 billion. Molina Healthcare had a net margin of 3.20% and a return on equity of 32.34%. The firm’s revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the company earned $4.10 earnings per share. As a group, equities research analysts predict that Molina Healthcare, Inc. will post 23.62 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. UBS Group upped their target price on shares of Molina Healthcare from $350.00 to $380.00 and gave the company a “neutral” rating in a research report on Thursday, December 21st. Bank of America cut shares of Molina Healthcare from a “neutral” rating to an “underperform” rating and set a $439.00 price target on the stock. in a research report on Thursday, March 28th. Wells Fargo & Company reduced their price target on shares of Molina Healthcare from $440.00 to $410.00 and set an “equal weight” rating on the stock in a research report on Monday. Cantor Fitzgerald reissued an “overweight” rating and set a $406.00 price target on shares of Molina Healthcare in a research report on Thursday, April 4th. Finally, Truist Financial increased their price target on shares of Molina Healthcare from $435.00 to $460.00 and gave the stock a “buy” rating in a research report on Tuesday, February 20th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $393.09.

Insider Buying and Selling at Molina Healthcare

In other Molina Healthcare news, Director Richard M. Schapiro sold 711 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $384.06, for a total value of $273,066.66. Following the transaction, the director now directly owns 12,207 shares in the company, valued at $4,688,220.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Mark Lowell Keim sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $386.56, for a total transaction of $5,798,400.00. Following the transaction, the chief financial officer now directly owns 36,531 shares in the company, valued at $14,121,423.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Richard M. Schapiro sold 711 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $384.06, for a total transaction of $273,066.66. Following the transaction, the director now owns 12,207 shares in the company, valued at $4,688,220.42. The disclosure for this sale can be found here. Insiders have sold 16,711 shares of company stock worth $6,472,517 over the last three months. Insiders own 1.10% of the company’s stock.

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.