4,430 Shares in Molina Healthcare, Inc. (NYSE:MOH) Purchased by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd acquired a new stake in Molina Healthcare, Inc. (NYSE:MOH) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 4,430 shares of the company’s stock, valued at approximately $1,289,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rhenman & Partners Asset Management AB boosted its stake in shares of Molina Healthcare by 15.5% in the fourth quarter. Rhenman & Partners Asset Management AB now owns 34,200 shares of the company’s stock valued at $9,954,000 after buying an additional 4,600 shares in the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Molina Healthcare during the 4th quarter worth $76,000. Resona Asset Management Co. Ltd. acquired a new position in shares of Molina Healthcare during the 4th quarter worth $5,265,000. Integrated Quantitative Investments LLC acquired a new stake in shares of Molina Healthcare in the fourth quarter valued at about $291,000. Finally, Prudential PLC boosted its holdings in Molina Healthcare by 3.1% during the fourth quarter. Prudential PLC now owns 3,130 shares of the company’s stock worth $911,000 after buying an additional 95 shares in the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.

Insider Transactions at Molina Healthcare

In related news, Director Steven J. Orlando sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $301.33, for a total transaction of $301,330.00. Following the completion of the transaction, the director now owns 17,375 shares of the company’s stock, valued at approximately $5,235,608.75. This represents a 5.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $350.00 price target (down from $378.00) on shares of Molina Healthcare in a research report on Tuesday, December 17th. Barclays reduced their price objective on Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating for the company in a report on Friday, February 7th. Truist Financial lowered their target price on Molina Healthcare from $370.00 to $340.00 and set a “buy” rating on the stock in a report on Wednesday, February 19th. Stephens reaffirmed an “equal weight” rating and set a $345.00 price target on shares of Molina Healthcare in a research note on Thursday, February 6th. Finally, UBS Group lowered their price objective on shares of Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating on the stock in a research note on Friday, February 7th. Seven equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Molina Healthcare currently has a consensus rating of “Moderate Buy” and a consensus target price of $348.75.

Molina Healthcare Stock Down 1.7 %

MOH stock opened at $347.26 on Friday. The company has a 50 day moving average price of $306.76 and a two-hundred day moving average price of $308.73. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.62 and a current ratio of 1.62. The stock has a market capitalization of $18.99 billion, a P/E ratio of 17.00, a PEG ratio of 1.06 and a beta of 0.56. Molina Healthcare, Inc. has a one year low of $262.32 and a one year high of $383.58.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $5.05 EPS for the quarter, missing analysts’ consensus estimates of $5.74 by ($0.69). Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. As a group, sell-side analysts expect that Molina Healthcare, Inc. will post 24.4 EPS for the current 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.