Fisher Funds Management LTD Takes Position in Molina Healthcare, Inc. (NYSE:MOH)

Fisher Funds Management LTD purchased a new position in Molina Healthcare, Inc. (NYSE:MOH) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 9,788 shares of the company’s stock, valued at approximately $2,857,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. True Wealth Design LLC raised its stake in Molina Healthcare by 2,500.0% in the third quarter. True Wealth Design LLC now owns 104 shares of the company’s stock worth $36,000 after buying an additional 100 shares in the last quarter. Versant Capital Management Inc raised its position in shares of Molina Healthcare by 83.1% in the 4th quarter. Versant Capital Management Inc now owns 163 shares of the company’s stock worth $47,000 after acquiring an additional 74 shares in the last quarter. Wingate Wealth Advisors Inc. purchased a new stake in shares of Molina Healthcare during the 4th quarter worth $52,000. Capital Performance Advisors LLP bought a new stake in Molina Healthcare during the third quarter valued at about $62,000. Finally, Financial Perspectives Inc purchased a new position in Molina Healthcare in the fourth quarter valued at about $59,000. 98.50% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on MOH. UBS Group lowered their price target on shares of Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating on the stock in a report on Friday, February 7th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $350.00 target price (down from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th. StockNews.com downgraded Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 8th. Wells Fargo & Company raised their price objective on Molina Healthcare from $360.00 to $362.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Finally, Stephens reaffirmed an “equal weight” rating and set a $345.00 target price on shares of Molina Healthcare in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $353.17.

Molina Healthcare Trading Down 2.6 %

Shares of NYSE:MOH opened at $283.89 on Monday. 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, Inc. has a 52-week low of $262.32 and a 52-week high of $423.92. The stock has a market cap of $15.76 billion, a price-to-earnings ratio of 13.90, a PEG ratio of 1.06 and a beta of 0.54. The business has a 50-day moving average price of $293.21 and a 200-day moving average price of $314.10.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $5.05 earnings per share 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%. Equities analysts predict that Molina Healthcare, Inc. will post 24.4 EPS 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.