BI Asset Management Fondsmaeglerselskab A S Has $1.36 Million Stock Position in Molina Healthcare, Inc. (NYSE:MOH)

BI Asset Management Fondsmaeglerselskab A S raised its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 58.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,685 shares of the company's stock after buying an additional 1,719 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Molina Healthcare were worth $1,364,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Tributary Capital Management LLC raised its stake in 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 purchasing an additional 1,811 shares during the last quarter. Everence Capital Management Inc. bought a new position in shares of Molina Healthcare during the 4th quarter worth about $544,000. Smartleaf Asset Management LLC raised its position in shares of Molina Healthcare by 123.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 347 shares of the company's stock valued at $100,000 after buying an additional 192 shares during the last quarter. SYM FINANCIAL Corp bought a new stake in shares of Molina Healthcare in the fourth quarter valued at about $249,000. Finally, Oddo BHF Asset Management Sas acquired a new stake in Molina Healthcare during the third quarter worth about $2,947,000. 98.50% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. StockNews.com raised Molina Healthcare from a "hold" rating to a "buy" rating in a report on Friday, April 11th. Baird R W lowered Molina Healthcare from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Guggenheim initiated coverage on shares of Molina Healthcare in a research note on Wednesday, April 9th. They set a "neutral" rating on the stock. Sanford C. Bernstein started coverage on shares of Molina Healthcare in a report on Tuesday, April 22nd. They issued an "outperform" rating and a $414.00 price target on the stock. Finally, Robert W. Baird reaffirmed a "neutral" rating and set a $375.00 price objective (up from $331.00) on shares of Molina Healthcare in a report on Tuesday, April 15th. Nine research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Molina Healthcare currently has an average rating of "Hold" and a consensus target price of $365.38.

Insider Transactions at Molina Healthcare

In related news, Director Steven J. Orlando sold 1,000 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $301.33, for a total value 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. The trade was a 5.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.10% of the stock is owned by company insiders.

Molina Healthcare Price Performance

MOH stock traded up $2.50 during midday trading on Monday, reaching $317.01. 103,858 shares of the company's stock traded hands, compared to its average volume of 670,333. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.69. The company has a market cap of $17.34 billion, a price-to-earnings ratio of 15.52, a PEG ratio of 1.06 and a beta of 0.70. The company has a 50-day simple moving average of $319.39 and a two-hundred day simple moving average of $307.40. Molina Healthcare, Inc. has a 1-year low of $262.32 and a 1-year high of $365.23.

Molina Healthcare (NYSE:MOH - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $6.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.86 by $0.22. The business had revenue of $11.15 billion during the quarter, compared to analysts' expectations of $10.86 billion. Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. During the same period in the previous year, the business posted $5.73 earnings per share. On average, analysts anticipate that Molina Healthcare, Inc. will post 24.4 earnings per share for the current 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.