Molina Healthcare, Inc. (NYSE:MOH) Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. increased its position in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 9.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,558 shares of the company's stock after acquiring an additional 2,562 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.05% of Molina Healthcare worth $9,736,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of MOH. Rothschild Investment LLC grew its position in Molina Healthcare by 126.3% in the first quarter. Rothschild Investment LLC now owns 86 shares of the company's stock worth $28,000 after acquiring an additional 48 shares during the period. Colonial Trust Co SC grew its holdings in shares of Molina Healthcare by 930.0% during the 4th quarter. Colonial Trust Co SC now owns 103 shares of the company's stock worth $30,000 after purchasing an additional 93 shares during the period. Hurley Capital LLC acquired a new stake in shares of Molina Healthcare during the 4th quarter worth about $55,000. EverSource Wealth Advisors LLC raised its holdings in Molina Healthcare by 81.5% in 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 during the period. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in Molina Healthcare by 337.0% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 201 shares of the company's stock valued at $58,000 after buying an additional 155 shares during the period. Hedge funds and other institutional investors own 98.50% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Truist Financial lifted their price target on shares of Molina Healthcare from $340.00 to $400.00 and gave the company a "buy" rating in a research report on Friday, April 11th. Baird R W downgraded shares of Molina Healthcare from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th. Morgan Stanley assumed coverage on Molina Healthcare in a research report on Monday, June 9th. They issued an "overweight" rating and a $364.00 target price on the stock. Wall Street Zen raised shares of Molina Healthcare from a "hold" rating to a "buy" rating in a research report on Friday, April 11th. Finally, Sanford C. Bernstein began coverage on shares of Molina Healthcare in a report on Tuesday, April 22nd. They issued an "outperform" rating and a $414.00 price objective for the company. Nine investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Molina Healthcare currently has an average rating of "Hold" and an average price target of $364.21.

Molina Healthcare Stock Performance

Shares of MOH traded down $7.97 during midday trading on Monday, reaching $290.17. 650,832 shares of the stock were exchanged, compared to its average volume of 687,699. Molina Healthcare, Inc. has a twelve month low of $262.32 and a twelve month high of $365.23. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.62 and a quick ratio of 1.62. The company has a market capitalization of $15.73 billion, a price-to-earnings ratio of 14.20, a PEG ratio of 1.06 and a beta of 0.56. The business's 50-day moving average price is $315.31 and its 200 day moving average price is $307.29.

Molina Healthcare (NYSE:MOH - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $6.08 EPS for the quarter, topping the consensus estimate of $5.96 by $0.12. The company had revenue of $11.15 billion for the quarter, compared to analyst estimates of $10.86 billion. Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. The firm's revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.73 earnings per share. On average, sell-side analysts expect that Molina Healthcare, Inc. will post 24.4 EPS for the current fiscal year.

Insider Buying and Selling

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 sale, the director now owns 11,244 shares of the company's stock, 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 filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Joseph M. Zubretsky sold 87,500 shares of the company's stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of $320.06, for a total transaction of $28,005,250.00. Following the transaction, the chief executive officer now owns 257,715 shares in the company, valued at $82,484,262.90. The trade was a 25.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is owned by company 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.