Molina Healthcare, Inc $MOH Holdings Boosted by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd grew its holdings in Molina Healthcare, Inc (NYSE:MOH) by 51.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,525 shares of the company’s stock after purchasing an additional 4,566 shares during the period. Mediolanum International Funds Ltd’s holdings in Molina Healthcare were worth $2,610,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of MOH. Norges Bank acquired a new stake in Molina Healthcare during the 2nd quarter worth about $212,113,000. Invesco Ltd. lifted its position in shares of Molina Healthcare by 25.9% in the second quarter. Invesco Ltd. now owns 1,601,574 shares of the company’s stock worth $477,109,000 after purchasing an additional 329,759 shares in the last quarter. Rakuten Investment Management Inc. purchased a new stake in shares of Molina Healthcare in the third quarter worth approximately $56,592,000. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Molina Healthcare during the third quarter worth approximately $52,813,000. Finally, Viking Global Investors LP purchased a new position in Molina Healthcare during the second quarter valued at approximately $79,665,000. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Insider Activity at Molina Healthcare

In related news, Director Richard M. Schapiro sold 357 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $143.02, for a total value of $51,058.14. Following the transaction, the director directly owned 11,352 shares of the company’s stock, valued at approximately $1,623,563.04. This trade represents a 3.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. TD Cowen downgraded shares of Molina Healthcare from a “buy” rating to a “hold” rating and set a $203.00 target price for the company. in a research report on Thursday, October 16th. The Goldman Sachs Group cut their price objective on Molina Healthcare from $207.00 to $167.00 and set a “neutral” rating for the company in a report on Friday, October 24th. Wall Street Zen cut Molina Healthcare from a “hold” rating to a “sell” rating in a research report on Saturday, October 25th. Wells Fargo & Company upped their target price on Molina Healthcare from $165.00 to $208.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 7th. Finally, Barclays lifted their price target on Molina Healthcare from $144.00 to $164.00 and gave the company an “underweight” rating in a report on Monday, January 5th. Three equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $193.47.

Molina Healthcare Price Performance

NYSE MOH opened at $181.17 on Tuesday. Molina Healthcare, Inc has a fifty-two week low of $133.40 and a fifty-two week high of $359.97. The stock’s 50-day moving average is $171.71 and its two-hundred day moving average is $171.13. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.68 and a quick ratio of 1.68. The firm has a market cap of $9.82 billion, a P/E ratio of 11.22 and a beta of 0.49.

Molina Healthcare Profile

Molina Healthcare, Inc is a managed care company specializing in government-sponsored health insurance programs. The company offers Medicaid managed care plans, Medicare Advantage and prescription drug plans, and individual Marketplace plans under the Affordable Care Act. Through an integrated care model, Molina emphasizes preventive and primary care services, care coordination, and disease management to improve health outcomes for its members.

The company traces its roots to the early 1980s, when Dr.