UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Stock Holdings in Molina Healthcare, Inc. (NYSE:MOH)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 2.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 458,651 shares of the company's stock after purchasing an additional 11,960 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.80% of Molina Healthcare worth $133,490,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Colonial Trust Co SC increased its holdings in Molina Healthcare by 930.0% during the fourth 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 last quarter. Wingate Wealth Advisors Inc. acquired a new stake in Molina Healthcare in the fourth quarter valued at $52,000. Hurley Capital LLC acquired a new stake in Molina Healthcare in the fourth quarter valued at $55,000. EverSource Wealth Advisors LLC raised its holdings in shares of 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 purchasing an additional 88 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in shares of 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 purchasing an additional 155 shares during the period. Institutional investors own 98.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Stephens reaffirmed an "equal weight" rating and issued a $345.00 target price on shares of Molina Healthcare in a report on Thursday, February 6th. Baird R W downgraded Molina Healthcare from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th. Wall Street Zen raised shares of Molina Healthcare from a "hold" rating to a "buy" rating in a research report on Friday, April 11th. Wells Fargo & Company raised shares of Molina Healthcare from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $295.00 to $372.00 in a research report on Wednesday, March 5th. Finally, Barclays raised their target price on shares of Molina Healthcare from $339.00 to $362.00 and gave the stock an "equal weight" rating in a research note on Friday, April 25th. Nine investment 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 currently has an average rating of "Hold" and a consensus target price of $365.38.

Insider Activity at Molina Healthcare

In other news, Director Steven J. Orlando sold 1,000 shares of Molina Healthcare stock in a transaction that occurred on Monday, March 3rd. The stock was 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 approximately $5,235,608.75. The trade was a 5.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Joseph M. Zubretsky sold 87,500 shares of the business's stock in a transaction that occurred on Wednesday, April 30th. The shares were sold at an average price of $320.06, for a total value of $28,005,250.00. Following the transaction, the chief executive officer now owns 257,715 shares of the company's stock, valued at $82,484,262.90. This trade represents a 25.35% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 89,169 shares of company stock valued at $28,520,995. Insiders own 1.10% of the company's stock.

Molina Healthcare Price Performance

Shares of Molina Healthcare stock traded up $2.57 during trading hours on Tuesday, hitting $307.80. The company's stock had a trading volume of 423,812 shares, compared to its average volume of 692,698. The business has a 50 day moving average price of $324.25 and a two-hundred day moving average price of $307.58. Molina Healthcare, Inc. has a 12-month low of $262.32 and a 12-month high of $365.23. The company has a market cap of $16.68 billion, a PE ratio of 15.07, a PEG 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 (NYSE:MOH - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported $6.08 earnings per share for the quarter, beating 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%. Molina Healthcare's revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period last year, the firm posted $5.73 earnings per share. Analysts expect that Molina Healthcare, Inc. will post 24.4 earnings per share for the current fiscal 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.