United Capital Financial Advisors LLC Boosts Holdings in Molina Healthcare, Inc. (NYSE:MOH)

United Capital Financial Advisors LLC lifted its stake in shares of Molina Healthcare, Inc. (NYSE:MOH) by 43.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 958 shares of the company’s stock after buying an additional 289 shares during the quarter. United Capital Financial Advisors LLC’s holdings in Molina Healthcare were worth $279,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Molina Healthcare in the 4th quarter worth approximately $134,675,000. FMR LLC grew its stake in Molina Healthcare by 31.1% in the fourth quarter. FMR LLC now owns 1,801,113 shares of the company’s stock worth $524,214,000 after purchasing an additional 427,276 shares during the period. Invesco Ltd. raised its holdings in Molina Healthcare by 28.5% in the fourth quarter. Invesco Ltd. now owns 1,327,021 shares of the company’s stock worth $386,229,000 after purchasing an additional 294,180 shares in the last quarter. Wellington Management Group LLP lifted its position in Molina Healthcare by 7.4% during the fourth quarter. Wellington Management Group LLP now owns 2,632,232 shares of the company’s stock valued at $766,111,000 after buying an additional 181,073 shares during the period. Finally, Los Angeles Capital Management LLC boosted its holdings in shares of Molina Healthcare by 166.1% during the 4th quarter. Los Angeles Capital Management LLC now owns 196,513 shares of the company’s stock valued at $57,195,000 after buying an additional 122,674 shares in the last quarter. 98.50% of the stock is owned by institutional investors.

Molina Healthcare Stock Down 6.4 %

MOH opened at $301.66 on Tuesday. Molina Healthcare, Inc. has a twelve month low of $262.32 and a twelve month high of $370.99. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.69. The firm has a 50 day moving average price of $315.43 and a 200-day moving average price of $307.56. The stock has a market capitalization of $16.50 billion, a price-to-earnings ratio of 14.77, a PEG ratio of 1.06 and a beta of 0.70.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings results on Wednesday, February 5th. The company reported $5.05 earnings per share for the quarter, missing the consensus estimate of $5.74 by ($0.69). Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. Equities research analysts forecast that Molina Healthcare, Inc. will post 24.4 earnings per share for the current year.

Analyst Ratings Changes

MOH has been the subject of several research reports. StockNews.com upgraded shares of Molina Healthcare from a “hold” rating to a “buy” rating in a research note on Friday, April 11th. Mizuho lifted their target price on shares of Molina Healthcare from $376.00 to $400.00 and gave the company an “outperform” rating in a report on Wednesday, April 9th. UBS Group dropped their price target on Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating on the stock in a research report on Friday, February 7th. Stephens reaffirmed an “equal weight” rating and set a $345.00 price objective on shares of Molina Healthcare in a research report on Thursday, February 6th. Finally, Wells Fargo & Company raised Molina Healthcare from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $295.00 to $372.00 in a report on Wednesday, March 5th. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $359.42.

Insiders Place Their Bets

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

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.