Molina Healthcare, Inc. (NYSE:MOH) Shares Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB grew its position in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 14.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,437 shares of the company's stock after acquiring an additional 2,100 shares during the quarter. Handelsbanken Fonder AB's holdings in Molina Healthcare were worth $5,414,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Rothschild Investment LLC raised its holdings in shares of Molina Healthcare by 126.3% in the first quarter. Rothschild Investment LLC now owns 86 shares of the company's stock valued at $28,000 after purchasing an additional 48 shares during the last quarter. Colonial Trust Co SC boosted its holdings in Molina Healthcare by 930.0% in the 4th quarter. Colonial Trust Co SC now owns 103 shares of the company's stock worth $30,000 after buying an additional 93 shares during the period. Hurley Capital LLC purchased a new position in shares of Molina Healthcare in the fourth quarter valued at $55,000. EverSource Wealth Advisors LLC grew its holdings in Molina Healthcare by 81.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 196 shares of the company's stock valued at $57,000 after buying an additional 88 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in Molina Healthcare by 337.0% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 201 shares of the company's stock worth $58,000 after acquiring an additional 155 shares during the period. 98.50% of the stock is owned by institutional investors and hedge funds.

Molina Healthcare Stock Performance

NYSE MOH traded up $4.91 on Friday, hitting $298.39. 630,608 shares of the company traded hands, compared to its average volume of 686,529. The business's 50 day moving average price is $316.74 and its 200-day moving average price is $307.19. The company has a market capitalization of $16.17 billion, a price-to-earnings ratio of 14.61, a P/E/G ratio of 1.06 and a beta of 0.57. 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 52-week low of $262.32 and a 52-week high of $365.23.

Molina Healthcare (NYSE:MOH - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $6.08 earnings per share for the quarter, topping analysts' consensus estimates of $5.96 by $0.12. The firm had revenue of $11.15 billion during the quarter, compared to analyst estimates of $10.86 billion. Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. During the same quarter in the prior year, the business earned $5.73 earnings per share. Molina Healthcare's revenue for the quarter was up 12.2% on a year-over-year basis. Equities analysts expect that Molina Healthcare, Inc. will post 24.4 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on MOH shares. Wells Fargo & Company raised shares of Molina Healthcare from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $295.00 to $372.00 in a research note on Wednesday, March 5th. Mizuho raised their price target on shares of Molina Healthcare from $376.00 to $400.00 and gave the stock an "outperform" rating in a report on Wednesday, April 9th. Wall Street Zen raised Molina Healthcare from a "hold" rating to a "buy" rating in a research note on Friday, April 11th. Sanford C. Bernstein initiated coverage on Molina Healthcare in a research report on Tuesday, April 22nd. They set an "outperform" rating and a $414.00 price objective on the stock. Finally, Morgan Stanley assumed coverage on Molina Healthcare in a research note on Monday. They issued an "overweight" rating and a $364.00 price target on the stock. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $364.21.

Insider Activity at Molina Healthcare

In other news, Director Richard M. Schapiro sold 669 shares of the company's stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $320.50, for a total transaction of $214,414.50. Following the completion of the transaction, the director now directly owns 11,244 shares of the company's stock, valued at $3,603,702. This represents a 5.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Joseph M. Zubretsky sold 87,500 shares of Molina Healthcare stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $320.06, for a total transaction of $28,005,250.00. Following the completion of the sale, the chief executive officer now owns 257,715 shares in the company, valued at approximately $82,484,262.90. This trade represents a 25.35% decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by corporate insiders.

Molina Healthcare Company 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.