Pilgrim Partners Asia Pte Ltd Purchases Shares of 260 Molina Healthcare, Inc. (NYSE:MOH)

Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Molina Healthcare, Inc. (NYSE:MOH) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 260 shares of the company’s stock, valued at approximately $76,000.

Several other large investors have also modified their holdings of MOH. Townsquare Capital LLC acquired a new position in shares of Molina Healthcare in the 3rd quarter valued at $228,000. Public Sector Pension Investment Board raised its holdings in shares of Molina Healthcare by 13.5% in the third quarter. Public Sector Pension Investment Board now owns 2,527 shares of the company’s stock valued at $871,000 after buying an additional 300 shares during the last quarter. HighTower Advisors LLC raised its holdings in shares of Molina Healthcare by 2.1% in the third quarter. HighTower Advisors LLC now owns 2,627 shares of the company’s stock valued at $906,000 after buying an additional 55 shares during the last quarter. Investment Management Corp of Ontario boosted its stake in shares of Molina Healthcare by 46.3% during the third quarter. Investment Management Corp of Ontario now owns 1,897 shares of the company’s stock worth $654,000 after buying an additional 600 shares during the period. Finally, Royal London Asset Management Ltd. grew its holdings in shares of Molina Healthcare by 16.1% during the third quarter. Royal London Asset Management Ltd. now owns 50,260 shares of the company’s stock worth $17,318,000 after buying an additional 6,978 shares during the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.

Insider Buying and Selling

In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $301.33, for a total transaction of $301,330.00. Following the sale, the director now directly owns 17,375 shares of the company’s stock, valued at $5,235,608.75. This trade represents a 5.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have weighed in on MOH. Barclays decreased their price objective on Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating for the company in a research report on Friday, February 7th. Stephens reiterated an “equal weight” rating and issued a $345.00 price objective on shares of Molina Healthcare in a research report on Thursday, February 6th. Mizuho cut their price objective on shares of Molina Healthcare from $382.00 to $376.00 and set an “outperform” rating for the company in a research report on Monday, March 3rd. 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. Finally, Wells Fargo & Company raised shares of Molina Healthcare from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $295.00 to $372.00 in a report on Wednesday, March 5th. Seven investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Molina Healthcare presently has a consensus rating of “Moderate Buy” and a consensus price target of $348.75.

Molina Healthcare Trading Down 1.7 %

NYSE:MOH opened at $347.26 on Friday. The company has a market capitalization of $18.99 billion, a PE ratio of 17.00, a price-to-earnings-growth ratio of 1.06 and a beta of 0.56. Molina Healthcare, Inc. has a 52-week low of $262.32 and a 52-week high of $383.58. The stock has a fifty day simple moving average of $306.76 and a 200-day simple moving average of $308.73. 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 (NYSE:MOH) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $5.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.74 by ($0.69). Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. On average, equities research analysts expect that Molina Healthcare, Inc. will post 24.4 earnings per share for the current fiscal year.

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.