HealthInvest Partners AB Makes New Investment in Molina Healthcare, Inc. (NYSE:MOH)

HealthInvest Partners AB acquired a new position in Molina Healthcare, Inc. (NYSE:MOH - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 12,500 shares of the company's stock, valued at approximately $4,516,000. Molina Healthcare makes up 3.6% of HealthInvest Partners AB's holdings, making the stock its 11th biggest holding.

A number of other institutional investors have also recently added to or reduced their stakes in MOH. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Molina Healthcare by 143.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,788 shares of the company's stock worth $7,872,000 after purchasing an additional 12,834 shares during the last quarter. Desjardins Global Asset Management Inc. lifted its position in shares of Molina Healthcare by 4.4% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 763 shares of the company's stock worth $276,000 after purchasing an additional 32 shares during the last quarter. Mackenzie Financial Corp lifted its position in shares of Molina Healthcare by 80.2% during the fourth quarter. Mackenzie Financial Corp now owns 11,719 shares of the company's stock worth $4,234,000 after purchasing an additional 5,216 shares during the last quarter. Strs Ohio bought a new position in shares of Molina Healthcare during the fourth quarter worth about $2,229,000. Finally, Lecap Asset Management Ltd. bought a new position in shares of Molina Healthcare during the fourth quarter worth about $2,361,000. Institutional investors and hedge funds own 98.50% of the company's stock.

Insider Buying and Selling

In related news, CFO Mark Lowell Keim sold 15,000 shares of the business's stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $386.56, for a total transaction of $5,798,400.00. Following the sale, the chief financial officer now owns 36,531 shares of the company's stock, valued at $14,121,423.36. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Molina Healthcare news, Director Richard M. Schapiro sold 711 shares of the company's stock in a transaction on Monday, February 12th. The stock was sold at an average price of $384.06, for a total value of $273,066.66. Following the transaction, the director now owns 12,207 shares of the company's stock, valued at $4,688,220.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Mark Lowell Keim sold 15,000 shares of the company's stock in a transaction on Monday, February 12th. The shares were sold at an average price of $386.56, for a total value of $5,798,400.00. Following the completion of the transaction, the chief financial officer now directly owns 36,531 shares in the company, valued at approximately $14,121,423.36. The disclosure for this sale can be found here. Insiders have sold a total of 16,711 shares of company stock valued at $6,472,517 over the last quarter. Corporate insiders own 1.11% of the company's stock.

Molina Healthcare Price Performance

Shares of NYSE MOH traded down $3.45 during mid-day trading on Tuesday, reaching $357.41. 743,180 shares of the company traded hands, compared to its average volume of 393,698. Molina Healthcare, Inc. has a fifty-two week low of $266.35 and a fifty-two week high of $423.92. The firm has a market cap of $20.94 billion, a PE ratio of 19.22, a price-to-earnings-growth ratio of 1.06 and a beta of 0.47. The stock has a fifty day simple moving average of $395.20 and a 200-day simple moving average of $370.65. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.54 and a quick ratio of 1.54.

Molina Healthcare (NYSE:MOH - Get Free Report) last announced its earnings results on Wednesday, February 7th. The company reported $4.38 EPS for the quarter, topping the consensus estimate of $4.31 by $0.07. Molina Healthcare had a return on equity of 32.34% and a net margin of 3.20%. The firm had revenue of $9.05 billion for the quarter, compared to analysts' expectations of $8.35 billion. During the same quarter in the previous year, the company earned $4.10 earnings per share. The firm's quarterly revenue was up 10.0% compared to the same quarter last year. Equities research analysts anticipate that Molina Healthcare, Inc. will post 23.62 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Wells Fargo & Company dropped their price objective on shares of Molina Healthcare from $440.00 to $410.00 and set an "equal weight" rating on the stock in a research note on Monday. Bank of America lowered shares of Molina Healthcare from a "neutral" rating to an "underperform" rating and set a $439.00 price objective on the stock. in a research note on Thursday, March 28th. StockNews.com lowered shares of Molina Healthcare from a "strong-buy" rating to a "buy" rating in a research note on Thursday, February 8th. UBS Group increased their price objective on shares of Molina Healthcare from $350.00 to $380.00 and gave the stock a "neutral" rating in a research note on Thursday, December 21st. Finally, Truist Financial increased their price objective on shares of Molina Healthcare from $435.00 to $460.00 and gave the stock a "buy" rating in a research note on Tuesday, February 20th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Molina Healthcare presently has an average rating of "Hold" and a consensus target price of $393.09.

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.

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