New York Life Investment Management LLC boosted its holdings in Molina Healthcare, Inc (NYSE:MOH – Free Report) by 65.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,035 shares of the company’s stock after acquiring an additional 4,762 shares during the quarter. New York Life Investment Management LLC’s holdings in Molina Healthcare were worth $2,089,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. AQR Capital Management LLC boosted its position in shares of Molina Healthcare by 217.0% during the 3rd quarter. AQR Capital Management LLC now owns 2,934,130 shares of the company’s stock worth $561,475,000 after purchasing an additional 2,008,458 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Molina Healthcare by 344.3% in the 3rd quarter. Victory Capital Management Inc. now owns 963,526 shares of the company’s stock valued at $184,380,000 after purchasing an additional 746,639 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Molina Healthcare by 31.0% in the third quarter. Dimensional Fund Advisors LP now owns 938,677 shares of the company’s stock valued at $179,632,000 after purchasing an additional 222,346 shares during the period. UBS Group AG lifted its stake in shares of Molina Healthcare by 320.7% in the third quarter. UBS Group AG now owns 603,934 shares of the company’s stock valued at $115,569,000 after purchasing an additional 460,372 shares during the period. Finally, Northern Trust Corp boosted its holdings in Molina Healthcare by 4.9% during the third quarter. Northern Trust Corp now owns 569,023 shares of the company’s stock worth $108,888,000 after buying an additional 26,355 shares in the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.
Molina Healthcare Price Performance
Molina Healthcare stock opened at $184.94 on Tuesday. Molina Healthcare, Inc has a 1 year low of $121.06 and a 1 year high of $327.68. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.63 and a current ratio of 1.63. The firm has a 50 day moving average price of $157.69 and a 200 day moving average price of $159.04. The company has a market cap of $9.64 billion, a price-to-earnings ratio of 54.72 and a beta of 0.85.
Analyst Ratings Changes
A number of brokerages have issued reports on MOH. UBS Group increased their target price on shares of Molina Healthcare from $151.00 to $180.00 and gave the company a “neutral” rating in a report on Friday, April 24th. Sanford C. Bernstein reissued an “outperform” rating on shares of Molina Healthcare in a research note on Friday, March 13th. Wall Street Zen upgraded Molina Healthcare from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. TD Cowen dropped their price objective on Molina Healthcare from $175.00 to $144.00 and set a “hold” rating for the company in a research note on Monday, February 9th. Finally, Truist Financial lifted their price objective on Molina Healthcare from $180.00 to $205.00 and gave the stock a “hold” rating in a report on Monday, May 11th. Three investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Molina Healthcare currently has a consensus rating of “Hold” and a consensus target price of $174.53.
View Our Latest Stock Report on Molina Healthcare
Insider Activity at Molina Healthcare
In other news, CAO Maurice Hebert sold 600 shares of Molina Healthcare stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $191.55, for a total transaction of $114,930.00. Following the sale, the chief accounting officer owned 12,815 shares in the company, valued at $2,454,713.25. This trade represents a 4.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jeff D. Barlow sold 17,811 shares of the business’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $186.12, for a total transaction of $3,314,983.32. Following the completion of the transaction, the insider owned 67,175 shares in the company, valued at $12,502,611. This represents a 20.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.44% of the company’s stock.
Molina Healthcare Company 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.
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