Mackenzie Financial Corp Increases Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Mackenzie Financial Corp grew its holdings in Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 38.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,807 shares of the company's stock after purchasing an additional 2,168 shares during the period. Mackenzie Financial Corp's holdings in Molina Healthcare were worth $2,272,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Blue Trust Inc. increased its stake in Molina Healthcare by 35.5% in the 4th quarter. Blue Trust Inc. now owns 649 shares of the company's stock valued at $189,000 after buying an additional 170 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Molina Healthcare in the fourth quarter valued at about $114,000. Forsta AP Fonden raised its holdings in Molina Healthcare by 3.4% during the fourth quarter. Forsta AP Fonden now owns 12,300 shares of the company's stock worth $3,580,000 after acquiring an additional 400 shares in the last quarter. Caprock Group LLC boosted its position in Molina Healthcare by 18.1% during the fourth quarter. Caprock Group LLC now owns 1,724 shares of the company's stock valued at $502,000 after purchasing an additional 264 shares during the last quarter. Finally, Custom Index Systems LLC boosted its position in Molina Healthcare by 24.8% during the fourth quarter. Custom Index Systems LLC now owns 1,401 shares of the company's stock valued at $408,000 after purchasing an additional 278 shares during the last quarter. Institutional investors own 98.50% of the company's stock.

Insiders Place Their Bets

In related news, Director Richard M. Schapiro sold 669 shares of the business's stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $320.50, for a total transaction of $214,414.50. Following the transaction, the director now directly owns 11,244 shares in the company, valued at approximately $3,603,702. The trade was a 5.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Joseph M. Zubretsky sold 87,500 shares of the 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 of the company's stock, 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. Insiders own 1.10% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on MOH. Stephens reaffirmed an "equal weight" rating and set a $345.00 price target on shares of Molina Healthcare in a research report on Thursday, February 6th. Wells Fargo & Company raised shares of Molina Healthcare from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $295.00 to $372.00 in a research report on Wednesday, March 5th. Baird R W downgraded shares of Molina Healthcare from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Mizuho upped their target price on shares of Molina Healthcare from $376.00 to $400.00 and gave the company an "outperform" rating in a report on Wednesday, April 9th. Finally, UBS Group reduced their price target on Molina Healthcare from $374.00 to $325.00 and set a "neutral" rating for the company in a report on Friday, February 7th. Nine research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, Molina Healthcare presently has a consensus rating of "Hold" and a consensus target price of $364.54.

Molina Healthcare Trading Down 0.4%

Shares of MOH stock traded down $1.11 during trading hours on Wednesday, hitting $292.48. 560,537 shares of the company were exchanged, compared to its average volume of 685,153. The company has a 50 day simple moving average of $321.88 and a two-hundred day simple moving average of $307.09. The firm has a market cap of $15.85 billion, a P/E ratio of 14.32, a P/E/G ratio of 1.06 and a beta of 0.63. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.62 and a current ratio of 1.62. Molina Healthcare, Inc. has a fifty-two week low of $262.32 and a fifty-two week high of $365.23.

Molina Healthcare (NYSE:MOH - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $6.08 earnings per share for the quarter, beating the consensus estimate of $5.96 by $0.12. The firm had revenue of $11.15 billion for 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%. The business's quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.73 earnings per share. Equities analysts anticipate 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.