Aware Super Pty Ltd as trustee of Aware Super Acquires New Stake in Molina Healthcare, Inc. (NYSE:MOH)

Aware Super Pty Ltd as trustee of Aware Super bought a new position in Molina Healthcare, Inc. (NYSE:MOH) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 8,031 shares of the company’s stock, valued at approximately $2,337,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in Molina Healthcare in the fourth quarter valued at $134,675,000. FMR LLC increased its stake in Molina Healthcare by 31.1% during the 4th quarter. FMR LLC now owns 1,801,113 shares of the company’s stock worth $524,214,000 after buying an additional 427,276 shares during the period. Invesco Ltd. increased its position in shares of Molina Healthcare by 28.5% during the fourth quarter. Invesco Ltd. now owns 1,327,021 shares of the company’s stock worth $386,229,000 after acquiring an additional 294,180 shares during the period. Wellington Management Group LLP raised its position in Molina Healthcare by 7.4% in the 4th quarter. Wellington Management Group LLP now owns 2,632,232 shares of the company’s stock valued at $766,111,000 after purchasing an additional 181,073 shares in the last quarter. Finally, Los Angeles Capital Management LLC raised its holdings in Molina Healthcare by 166.1% in the fourth quarter. Los Angeles Capital Management LLC now owns 196,513 shares of the company’s stock valued at $57,195,000 after acquiring an additional 122,674 shares in the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.

Molina Healthcare Trading Up 1.1 %

Shares of MOH stock opened at $348.92 on Tuesday. The firm has a 50-day moving average price of $311.02 and a 200 day moving average price of $308.02. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $19.09 billion, a price-to-earnings ratio of 17.08, a PEG ratio of 1.06 and a beta of 0.70. Molina Healthcare, Inc. has a twelve month low of $262.32 and a twelve month high of $373.22.

Molina Healthcare (NYSE:MOH) last released its 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 return on equity of 28.13% and a net margin of 2.90%. Research analysts forecast that Molina Healthcare, Inc. will post 24.4 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on MOH shares. Barclays decreased their price target 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. Mizuho lifted their price objective on shares of Molina Healthcare from $376.00 to $400.00 and gave the company an “outperform” rating in a research note on Wednesday, April 9th. Guggenheim began coverage on Molina Healthcare in a report on Wednesday, April 9th. They set a “neutral” rating for the company. JPMorgan Chase & Co. reissued a “neutral” rating and set a $350.00 target price (down from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th. Finally, UBS Group reduced their price objective on shares of Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating for the company in a research note on Friday, February 7th. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $355.75.

Insider Activity

In related 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 transaction of $301,330.00. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate 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.