Fisher Funds Management LTD Purchases Shares of 9,788 Molina Healthcare, Inc. (NYSE:MOH)

Fisher Funds Management LTD acquired a new position in shares of Molina Healthcare, Inc. (NYSE:MOH) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 9,788 shares of the company’s stock, valued at approximately $2,857,000.

Several other institutional investors have also recently made changes to their positions in MOH. True Wealth Design LLC boosted its holdings in Molina Healthcare by 2,500.0% during the third quarter. True Wealth Design LLC now owns 104 shares of the company’s stock worth $36,000 after buying an additional 100 shares in the last quarter. Versant Capital Management Inc raised its position in shares of Molina Healthcare by 83.1% in the fourth quarter. Versant Capital Management Inc now owns 163 shares of the company’s stock worth $47,000 after acquiring an additional 74 shares during the period. Wingate Wealth Advisors Inc. purchased a new stake in shares of Molina Healthcare during the 4th quarter worth about $52,000. Capital Performance Advisors LLP acquired a new stake in shares of Molina Healthcare during the 3rd quarter valued at about $62,000. Finally, Financial Perspectives Inc purchased a new position in shares of Molina Healthcare in the 4th quarter valued at about $59,000. 98.50% of the stock is owned by hedge funds and other institutional investors.

Molina Healthcare Stock Down 2.6 %

MOH stock opened at $283.89 on Monday. 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 firm has a 50-day moving average of $293.21 and a two-hundred day moving average of $314.10. Molina Healthcare, Inc. has a 12 month low of $262.32 and a 12 month high of $423.92. The company has a market cap of $15.76 billion, a price-to-earnings ratio of 13.90, a PEG ratio of 1.06 and a beta of 0.54.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $5.05 EPS 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%. As a group, analysts forecast that Molina Healthcare, Inc. will post 24.4 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Barclays lowered their price target on Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating on the stock in a research report on Friday, February 7th. StockNews.com cut shares of Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 8th. Stephens restated an “equal weight” rating and set a $345.00 price objective on shares of Molina Healthcare in a research report on Thursday, February 6th. UBS Group dropped their target price on shares of Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating on the stock in a research report on Friday, February 7th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $350.00 price target (down previously from $378.00) on shares of Molina Healthcare in a research report on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Molina Healthcare has a consensus rating of “Hold” and a consensus price target of $353.17.

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.