Molina Healthcare, Inc. (NYSE:MOH) Holdings Lifted by Rhenman & Partners Asset Management AB

Rhenman & Partners Asset Management AB boosted its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH) by 15.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,200 shares of the company’s stock after buying an additional 4,600 shares during the period. Rhenman & Partners Asset Management AB’s holdings in Molina Healthcare were worth $9,954,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of MOH. Waldron Private Wealth LLC increased its stake in shares of Molina Healthcare by 4.7% in the fourth quarter. Waldron Private Wealth LLC now owns 729 shares of the company’s stock worth $212,000 after acquiring an additional 33 shares during the last quarter. Angeles Investment Advisors LLC grew its stake in Molina Healthcare by 5.4% in the fourth quarter. Angeles Investment Advisors LLC now owns 838 shares of the company’s stock valued at $244,000 after purchasing an additional 43 shares in the last quarter. HighTower Advisors LLC increased its position in Molina Healthcare by 2.1% in the 3rd quarter. HighTower Advisors LLC now owns 2,627 shares of the company’s stock worth $906,000 after purchasing an additional 55 shares during the last quarter. Lindbrook Capital LLC raised its stake in shares of Molina Healthcare by 38.5% during the 4th quarter. Lindbrook Capital LLC now owns 205 shares of the company’s stock worth $60,000 after purchasing an additional 57 shares in the last quarter. Finally, Brooklyn Investment Group lifted its holdings in shares of Molina Healthcare by 20.1% during the 4th quarter. Brooklyn Investment Group now owns 400 shares of the company’s stock valued at $116,000 after buying an additional 67 shares during the last quarter. 98.50% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Molina Healthcare

In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of the business’s stock in a transaction 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 sale, the director now owns 17,375 shares of the company’s stock, valued at $5,235,608.75. The trade was a 5.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.10% of the company’s stock.

Molina Healthcare Trading Down 1.7 %

Shares of Molina Healthcare stock opened at $347.26 on Friday. Molina Healthcare, Inc. has a 1 year low of $262.32 and a 1 year high of $383.58. The company’s fifty day simple moving average is $306.76 and its 200-day simple moving average is $308.73. The company has a market cap of $18.99 billion, a price-to-earnings ratio of 17.00, a PEG ratio of 1.06 and a beta of 0.56. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.69.

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Stephens restated an “equal weight” rating and issued a $345.00 price objective on shares of Molina Healthcare in a report on Thursday, February 6th. Mizuho dropped their price target on shares of Molina Healthcare from $382.00 to $376.00 and set an “outperform” rating on the stock in a research note on Monday, March 3rd. StockNews.com downgraded shares of Molina Healthcare from a “buy” rating to a “hold” rating in a report on Thursday. Barclays decreased their price objective on shares of Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating for the company in a report on Friday, February 7th. Finally, Truist Financial cut their target price on Molina Healthcare from $370.00 to $340.00 and set a “buy” rating on the stock in a report on Wednesday, February 19th. Seven research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $348.75.

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.