Healthcare of Ontario Pension Plan Trust Fund Buys New Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Molina Healthcare, Inc. (NYSE:MOH) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 501 shares of the company’s stock, valued at approximately $206,000.

Several other large investors have also made changes to their positions in MOH. Vanguard Group Inc. increased its stake in shares of Molina Healthcare by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 6,585,954 shares of the company’s stock worth $2,379,571,000 after acquiring an additional 23,715 shares during the last quarter. Capital World Investors boosted its stake in shares of Molina Healthcare by 0.3% in the 4th quarter. Capital World Investors now owns 5,490,147 shares of the company’s stock valued at $1,983,645,000 after buying an additional 14,775 shares during the period. Wellington Management Group LLP boosted its stake in shares of Molina Healthcare by 12.8% in the 4th quarter. Wellington Management Group LLP now owns 3,831,100 shares of the company’s stock valued at $1,384,215,000 after buying an additional 436,060 shares during the period. Capital Research Global Investors lifted its stake in Molina Healthcare by 5.4% during the fourth quarter. Capital Research Global Investors now owns 2,430,283 shares of the company’s stock worth $878,086,000 after purchasing an additional 123,894 shares during the last quarter. Finally, Norges Bank purchased a new stake in Molina Healthcare during the fourth quarter worth approximately $275,143,000. 98.50% of the stock is owned by institutional investors and hedge funds.

Molina Healthcare Price Performance

MOH stock opened at $335.36 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.49 and a current ratio of 1.57. Molina Healthcare, Inc. has a 1 year low of $282.96 and a 1 year high of $423.92. The firm has a market cap of $19.65 billion, a P/E ratio of 18.20, a price-to-earnings-growth ratio of 1.01 and a beta of 0.58. The stock has a 50-day simple moving average of $306.95 and a 200-day simple moving average of $353.35.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $5.86 earnings per share for the quarter, beating analysts’ consensus estimates of $5.73 by $0.13. Molina Healthcare had a return on equity of 28.09% and a net margin of 2.84%. The firm had revenue of $9.88 billion during the quarter, compared to analyst estimates of $9.75 billion. During the same quarter last year, the firm earned $5.65 EPS. Molina Healthcare’s quarterly revenue was up 18.7% on a year-over-year basis. On average, equities analysts predict that Molina Healthcare, Inc. will post 23.14 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on MOH. Truist Financial dropped their target price on Molina Healthcare from $440.00 to $400.00 and set a “buy” rating on the stock in a report on Monday, July 15th. Stephens reaffirmed an “equal weight” rating and set a $320.00 price objective on shares of Molina Healthcare in a report on Thursday. Robert W. Baird assumed coverage on Molina Healthcare in a research report on Thursday, May 30th. They set an “outperform” rating and a $405.00 target price on the stock. Baird R W upgraded Molina Healthcare to a “strong-buy” rating in a research report on Thursday, May 30th. Finally, JPMorgan Chase & Co. reduced their price objective on Molina Healthcare from $420.00 to $395.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 10th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, six have issued a buy rating and one has issued 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 $376.18.

Insider Activity

In related news, Director Ronna Romney sold 250 shares of Molina Healthcare stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $343.27, for a total value of $85,817.50. Following the transaction, the director now directly owns 16,945 shares in the company, valued at approximately $5,816,710.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Molina Healthcare news, COO James Woys sold 10,000 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $345.15, for a total value of $3,451,500.00. Following the completion of the sale, the chief operating officer now owns 53,613 shares of the company’s stock, valued at $18,504,526.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Ronna Romney sold 250 shares of the business’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $343.27, for a total value of $85,817.50. Following the completion of the sale, the director now directly owns 16,945 shares of the company’s stock, valued at approximately $5,816,710.15. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.

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.