AGF Management Ltd. Buys Shares of 8,684 Molina Healthcare, Inc. (NYSE:MOH)

AGF Management Ltd. bought a new position in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 8,684 shares of the company's stock, valued at approximately $3,138,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Annis Gardner Whiting Capital Advisors LLC bought a new position in Molina Healthcare during the 3rd quarter worth $30,000. McIlrath & Eck LLC bought a new position in shares of Molina Healthcare during the fourth quarter worth about $34,000. VisionPoint Advisory Group LLC lifted its stake in shares of Molina Healthcare by 105.6% in the third quarter. VisionPoint Advisory Group LLC now owns 111 shares of the company's stock worth $36,000 after acquiring an additional 57 shares during the period. Raleigh Capital Management Inc. boosted its holdings in Molina Healthcare by 40.4% in the third quarter. Raleigh Capital Management Inc. now owns 125 shares of the company's stock valued at $41,000 after acquiring an additional 36 shares during the last quarter. Finally, Principal Securities Inc. acquired a new stake in Molina Healthcare during the 4th quarter valued at approximately $42,000. 98.50% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Richard M. Schapiro sold 1,000 shares of Molina Healthcare stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $401.05, for a total value of $401,050.00. Following the completion of the sale, the director now owns 11,207 shares of the company's stock, valued at $4,494,567.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.11% of the company's stock.

Analyst Ratings Changes

MOH has been the topic of a number of analyst reports. Truist Financial upped their price objective on shares of Molina Healthcare from $435.00 to $460.00 and gave the company a "buy" rating in a research note on Tuesday, February 20th. Barclays decreased their price target on Molina Healthcare from $437.00 to $430.00 and set an "equal weight" rating for the company in a report on Thursday, April 25th. TD Cowen lowered their target price on Molina Healthcare from $453.00 to $412.00 and set a "buy" rating for the company in a report on Tuesday, April 30th. Stephens reissued an "equal weight" rating and issued a $390.00 price objective on shares of Molina Healthcare in a research report on Thursday, April 25th. Finally, StockNews.com cut Molina Healthcare from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $404.90.

Molina Healthcare Price Performance

Shares of NYSE MOH traded down $2.38 during mid-day trading on Tuesday, reaching $349.97. 370,245 shares of the company were exchanged, compared to its average volume of 398,557. The stock has a market capitalization of $20.51 billion, a PE ratio of 19.12, a PEG ratio of 1.09 and a beta of 0.54. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.53. Molina Healthcare, Inc. has a 52 week low of $266.35 and a 52 week high of $423.92. The company's 50 day moving average price is $378.61 and its 200 day moving average price is $372.27.

Molina Healthcare (NYSE:MOH - Get Free Report) last released its earnings results on Wednesday, April 24th. The company reported $5.73 EPS for the quarter, topping the consensus estimate of $5.46 by $0.27. The business had revenue of $9.93 billion for the quarter, compared to the consensus estimate of $9.45 billion. Molina Healthcare had a return on equity of 29.86% and a net margin of 2.99%. The company's revenue for the quarter was up 21.9% compared to the same quarter last year. During the same period in the previous year, the company posted $5.81 earnings per share. Sell-side analysts forecast that Molina Healthcare, Inc. will post 23.59 earnings per share for the current fiscal year.

About Molina Healthcare

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.