Headlands Technologies LLC Makes New Investment in Molina Healthcare, Inc. (NYSE:MOH)

Headlands Technologies LLC bought a new stake in Molina Healthcare, Inc. (NYSE:MOHFree Report) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 277 shares of the company’s stock, valued at approximately $91,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Orion Portfolio Solutions LLC raised its holdings in shares of Molina Healthcare by 2.0% in the third quarter. Orion Portfolio Solutions LLC now owns 16,502 shares of the company’s stock valued at $5,411,000 after buying an additional 330 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Molina Healthcare by 0.5% during the third quarter. Principal Financial Group Inc. now owns 74,056 shares of the company’s stock worth $24,282,000 after purchasing an additional 376 shares in the last quarter. Jennison Associates LLC raised its holdings in Molina Healthcare by 5.4% during the third quarter. Jennison Associates LLC now owns 334,019 shares of the company’s stock worth $109,521,000 after purchasing an additional 17,247 shares in the last quarter. Caden Capital Partners LP purchased a new position in Molina Healthcare during the second quarter worth about $11,983,000. Finally, Tokio Marine Asset Management Co. Ltd. raised its holdings in Molina Healthcare by 7.5% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,370 shares of the company’s stock worth $449,000 after purchasing an additional 95 shares in the last quarter. 98.11% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Ronna Romney sold 335 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $358.00, for a total transaction of $119,930.00. Following the sale, the director now owns 16,907 shares in the company, valued at $6,052,706. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. increased their price target on shares of Molina Healthcare from $367.00 to $392.00 and gave the stock an “overweight” rating in a report on Friday, November 17th. UBS Group increased their price target on shares of Molina Healthcare from $350.00 to $380.00 and gave the stock a “neutral” rating in a report on Thursday, December 21st. StockNews.com lowered shares of Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 8th. Finally, Cantor Fitzgerald upped their target price on shares of Molina Healthcare from $374.00 to $406.00 and gave the stock an “overweight” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Molina Healthcare has a consensus rating of “Hold” and an average target price of $357.50.

Read Our Latest Analysis on MOH

Molina Healthcare Stock Up 1.0 %

MOH stock opened at $392.66 on Tuesday. The company’s 50 day simple moving average is $367.83 and its 200-day simple moving average is $345.70. The firm has a market capitalization of $22.89 billion, a PE ratio of 20.91, a P/E/G ratio of 1.12 and a beta of 0.45. Molina Healthcare, Inc. has a 12 month low of $256.19 and a 12 month high of $393.34. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.54 and a quick ratio of 1.47.

Molina Healthcare (NYSE:MOHGet Free Report) last released its quarterly earnings results on Wednesday, February 7th. The company reported $4.38 EPS for the quarter, beating the consensus estimate of $4.31 by $0.07. The business had revenue of $9.05 billion for the quarter, compared to analyst estimates of $8.35 billion. Molina Healthcare had a net margin of 3.20% and a return on equity of 32.34%. The company’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the business earned $4.10 earnings per share. Equities analysts expect that Molina Healthcare, Inc. will post 23.55 earnings per share for the current fiscal year.

About Molina Healthcare

(Free Report)

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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Institutional Ownership by Quarter for Molina Healthcare (NYSE:MOH)

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