Andra AP fonden Has $15.78 Million Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Andra AP fonden decreased its stake in shares of Molina Healthcare, Inc. (NYSE:MOH) by 9.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 54,200 shares of the company’s stock after selling 5,900 shares during the period. Andra AP fonden owned 0.09% of Molina Healthcare worth $15,775,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Public Sector Pension Investment Board increased its holdings in shares of Molina Healthcare by 13.5% during the 3rd quarter. Public Sector Pension Investment Board now owns 2,527 shares of the company’s stock valued at $871,000 after acquiring an additional 300 shares during the last quarter. Tributary Capital Management LLC increased its holdings in shares of Molina Healthcare by 76.1% during the 4th quarter. Tributary Capital Management LLC now owns 4,190 shares of the company’s stock valued at $1,219,000 after acquiring an additional 1,811 shares during the last quarter. Everence Capital Management Inc. acquired a new position in shares of Molina Healthcare during the 4th quarter valued at about $544,000. SYM FINANCIAL Corp acquired a new position in shares of Molina Healthcare during the 4th quarter valued at about $249,000. Finally, Oddo BHF Asset Management Sas acquired a new position in shares of Molina Healthcare during the 3rd quarter valued at about $2,947,000. Institutional investors and hedge funds own 98.50% of the company’s stock.

Molina Healthcare Price Performance

Shares of MOH stock opened at $327.11 on Friday. The stock has a 50 day moving average of $294.58 and a two-hundred day moving average of $312.04. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.69. Molina Healthcare, Inc. has a 12 month low of $262.32 and a 12 month high of $423.92. The company has a market capitalization of $18.15 billion, a P/E ratio of 16.01, a P/E/G ratio of 1.06 and a beta of 0.56.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $5.05 EPS for the quarter, missing analysts’ consensus estimates of $5.74 by ($0.69). Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. As a group, equities analysts expect that Molina Healthcare, Inc. will post 24.4 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on MOH shares. Wells Fargo & Company raised Molina Healthcare from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $295.00 to $372.00 in a report on Wednesday. Stephens reaffirmed an “equal weight” rating and issued a $345.00 target price on shares of Molina Healthcare in a report on Thursday, February 6th. StockNews.com lowered Molina Healthcare from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 8th. Truist Financial lowered their target price on Molina Healthcare from $370.00 to $340.00 and set a “buy” rating on the stock in a report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $350.00 target price (down previously from $378.00) on shares of Molina Healthcare in a report on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $355.69.

Insider Buying and Selling

In related news, Director Steven J. Orlando sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $301.33, for a total transaction 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. This trade represents a 5.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is owned by corporate insiders.

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.