Molina Healthcare, Inc. (NYSE:MOH) Shares Purchased by First Trust Direct Indexing L.P.

First Trust Direct Indexing L.P. raised its stake in Molina Healthcare, Inc. (NYSE:MOH) by 28.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,492 shares of the company’s stock after acquiring an additional 557 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Molina Healthcare were worth $900,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wellington Management Group LLP raised its stake in Molina Healthcare by 8.3% in the 3rd quarter. Wellington Management Group LLP now owns 3,395,040 shares of the company’s stock valued at $1,113,200,000 after purchasing an additional 259,474 shares during the last quarter. California Public Employees Retirement System grew its holdings in shares of Molina Healthcare by 53.0% during the third quarter. California Public Employees Retirement System now owns 331,652 shares of the company’s stock worth $108,745,000 after buying an additional 114,890 shares in the last quarter. Invesco Ltd. raised its position in shares of Molina Healthcare by 10.4% in the third quarter. Invesco Ltd. now owns 1,190,161 shares of the company’s stock valued at $390,242,000 after buying an additional 112,243 shares during the last quarter. Lord Abbett & CO. LLC lifted its stake in shares of Molina Healthcare by 28.5% during the third quarter. Lord Abbett & CO. LLC now owns 470,386 shares of the company’s stock valued at $154,234,000 after buying an additional 104,350 shares during the period. Finally, Assenagon Asset Management S.A. grew its stake in Molina Healthcare by 4,019.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 103,185 shares of the company’s stock worth $37,282,000 after acquiring an additional 100,680 shares during the period. 98.50% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on MOH. Stephens reissued an “equal weight” rating and set a $390.00 price target on shares of Molina Healthcare in a research note on Thursday, April 25th. Barclays cut their price objective on shares of Molina Healthcare from $437.00 to $430.00 and set an “equal weight” rating on the stock in a report on Thursday, April 25th. Bank of America downgraded shares of Molina Healthcare from a “neutral” rating to an “underperform” rating and set a $439.00 target price for the company. in a report on Thursday, March 28th. StockNews.com lowered shares of Molina Healthcare from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 8th. Finally, Truist Financial upped their price objective on Molina Healthcare from $435.00 to $460.00 and gave the stock a “buy” rating in a report on Tuesday, February 20th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Molina Healthcare has an average rating of “Hold” and a consensus target price of $398.55.

Insiders Place Their Bets

In other news, CFO Mark Lowell Keim sold 15,000 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $386.56, for a total transaction of $5,798,400.00. Following the transaction, 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 Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Richard M. Schapiro sold 1,000 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $401.05, for a total value of $401,050.00. Following the sale, the director now owns 11,207 shares of the company’s stock, valued at approximately $4,494,567.35. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Mark Lowell Keim sold 15,000 shares of Molina Healthcare 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 sale, the chief financial officer now directly owns 36,531 shares of the company’s stock, valued at $14,121,423.36. The disclosure for this sale can be found here. Insiders sold a total of 16,711 shares of company stock valued at $6,472,517 in the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Molina Healthcare Price Performance

Shares of NYSE MOH opened at $339.68 on Friday. The company has a market capitalization of $19.91 billion, a price-to-earnings ratio of 18.43, a PEG ratio of 1.04 and a beta of 0.54. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.49 and a quick ratio of 1.49. Molina Healthcare, Inc. has a 1-year low of $266.35 and a 1-year high of $423.92. The business has a 50-day moving average of $384.15 and a 200-day moving average of $371.76.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $5.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.46 by $0.27. Molina Healthcare had a net margin of 2.99% and a return on equity of 29.86%. The company had revenue of $9.93 billion during the quarter, compared to the consensus estimate of $9.45 billion. During the same quarter last year, the company earned $5.81 earnings per share. Molina Healthcare’s revenue for the quarter was up 21.9% on a year-over-year basis. On average, equities analysts anticipate that Molina Healthcare, Inc. will post 23.59 EPS for the current fiscal year.

Molina Healthcare Company 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.