Avanza Fonder AB Purchases Shares of 4,803 Molina Healthcare, Inc. (NYSE:MOH)

Avanza Fonder AB acquired a new position in Molina Healthcare, Inc. (NYSE:MOH) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,803 shares of the company’s stock, valued at approximately $1,398,000.

Several other institutional investors have also recently modified their holdings of MOH. Massachusetts Financial Services Co. MA boosted its stake in Molina Healthcare by 10.1% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,375 shares of the company’s stock worth $409,000 after buying an additional 126 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Molina Healthcare by 22.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 470,932 shares of the company’s stock valued at $140,026,000 after purchasing an additional 84,929 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in shares of Molina Healthcare by 133.5% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 21,087 shares of the company’s stock valued at $6,603,000 after purchasing an additional 12,058 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its position in Molina Healthcare by 16.1% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,200 shares of the company’s stock worth $357,000 after purchasing an additional 166 shares during the period. Finally, Amalgamated Bank lifted its stake in Molina Healthcare by 16.0% in the second quarter. Amalgamated Bank now owns 19,177 shares of the company’s stock worth $5,701,000 after purchasing an additional 2,647 shares during the last quarter. 98.50% of the stock is currently owned by institutional investors.

Molina Healthcare Price Performance

Shares of NYSE:MOH opened at $286.36 on Friday. The company has a quick ratio of 1.55, a current ratio of 1.54 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $16.38 billion, a PE ratio of 14.54, a price-to-earnings-growth ratio of 0.89 and a beta of 0.54. The firm’s 50 day moving average price is $296.84 and its 200-day moving average price is $316.98. Molina Healthcare, Inc. has a twelve month low of $272.69 and a twelve month high of $423.92.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $6.01 earnings per share for the quarter, topping the consensus estimate of $5.96 by $0.05. Molina Healthcare had a net margin of 2.92% and a return on equity of 27.88%. The business had revenue of $10.34 billion for the quarter, compared to the consensus estimate of $9.92 billion. During the same period last year, the firm earned $5.05 earnings per share. The company’s quarterly revenue was up 21.0% on a year-over-year basis. Equities research analysts expect that Molina Healthcare, Inc. will post 23.44 EPS for the current year.

Analyst Ratings Changes

MOH has been the topic of a number of recent research reports. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $350.00 price objective (down from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th. Robert W. Baird lowered their price target on shares of Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Wells Fargo & Company lifted their price target on shares of Molina Healthcare from $360.00 to $362.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Barclays raised their target price on shares of Molina Healthcare from $359.00 to $372.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Finally, Truist Financial reduced their price target on shares of Molina Healthcare from $400.00 to $370.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Molina Healthcare has an average rating of “Hold” and a consensus price target of $359.18.

Molina Healthcare Company Profile

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.