Rhumbline Advisers raised its stake in shares of Molina Healthcare, Inc. (NYSE:MOH) by 47.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 168,279 shares of the company’s stock after buying an additional 53,839 shares during the quarter. Rhumbline Advisers owned about 0.27% of Molina Healthcare worth $19,557,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the business. Vanguard Group Inc lifted its stake in shares of Molina Healthcare by 14.0% during the 3rd quarter. Vanguard Group Inc now owns 5,773,626 shares of the company’s stock worth $858,538,000 after purchasing an additional 709,776 shares during the period. FMR LLC raised its position in shares of Molina Healthcare by 85.3% in the 2nd quarter. FMR LLC now owns 4,584,133 shares of the company’s stock worth $448,970,000 after buying an additional 2,110,308 shares during the period. Renaissance Technologies LLC raised its position in shares of Molina Healthcare by 33.2% in the 3rd quarter. Renaissance Technologies LLC now owns 3,738,755 shares of the company’s stock worth $555,953,000 after buying an additional 932,905 shares during the period. Acadian Asset Management LLC raised its position in shares of Molina Healthcare by 290.5% in the 3rd quarter. Acadian Asset Management LLC now owns 1,006,085 shares of the company’s stock worth $149,607,000 after buying an additional 748,456 shares during the period. Finally, Capital International Investors purchased a new position in shares of Molina Healthcare in the 3rd quarter worth $137,856,000.
Shares of NYSE MOH opened at $136.90 on Monday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.40 and a quick ratio of 1.40. The firm has a market capitalization of $8.54 billion, a P/E ratio of 244.46, a P/E/G ratio of 1.18 and a beta of 1.67. Molina Healthcare, Inc. has a 12-month low of $71.07 and a 12-month high of $154.06.
MOH has been the topic of several research reports. Wolfe Research lowered Molina Healthcare from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 3rd. Stephens initiated coverage on Molina Healthcare in a research report on Monday, January 14th. They issued an “equal weight” rating and a $144.00 target price on the stock. JPMorgan Chase & Co. raised Molina Healthcare from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $127.00 to $150.00 in a research report on Tuesday, January 8th. Mitsubishi UFJ Financial Group raised Molina Healthcare from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 8th. Finally, Morgan Stanley increased their target price on Molina Healthcare from $178.00 to $184.00 and gave the stock an “overweight” rating in a research report on Thursday, October 18th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $141.15.
In other news, Director Ronna Romney sold 200 shares of the firm’s stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $141.23, for a total transaction of $28,246.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven J. Orlando sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, November 14th. The shares were sold at an average price of $135.86, for a total value of $135,860.00. The disclosure for this sale can be found here. Insiders have sold 5,395 shares of company stock valued at $671,770 over the last 90 days. Insiders own 0.65% of the company’s stock.
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Molina Healthcare Profile
Molina Healthcare, Inc provides Medicaid-related solutions to meet the health care needs of low-income families and individuals; and to assist state agencies in their administration of the Medicaid program in the United States. It operates through three segments: Health Plans, Molina Medicaid Solutions, and Other.
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