International Assets Investment Management LLC Boosts Holdings in Molina Healthcare, Inc. (NYSE:MOH)

International Assets Investment Management LLC raised its holdings in Molina Healthcare, Inc. (NYSE:MOH) by 31,696.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 7,949 shares of the company’s stock after acquiring an additional 7,924 shares during the period. International Assets Investment Management LLC’s holdings in Molina Healthcare were worth $2,872,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MOH. Raymond James Financial Services Advisors Inc. grew its holdings in Molina Healthcare by 5.7% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 1,651 shares of the company’s stock valued at $551,000 after buying an additional 89 shares during the period. Allianz Asset Management GmbH grew its holdings in shares of Molina Healthcare by 496.1% during the 1st quarter. Allianz Asset Management GmbH now owns 11,534 shares of the company’s stock worth $3,848,000 after purchasing an additional 9,599 shares during the period. Prudential PLC purchased a new stake in shares of Molina Healthcare during the 1st quarter worth about $422,000. Cetera Investment Advisers grew its holdings in shares of Molina Healthcare by 10.1% during the 1st quarter. Cetera Investment Advisers now owns 1,296 shares of the company’s stock worth $432,000 after purchasing an additional 119 shares during the period. Finally, Mackay Shields LLC purchased a new stake in shares of Molina Healthcare during the 1st quarter worth about $2,814,000. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Molina Healthcare Stock Performance

Shares of MOH opened at $360.84 on Friday. The business’s 50 day moving average is $394.75 and its two-hundred day moving average is $370.71. Molina Healthcare, Inc. has a 52-week low of $266.35 and a 52-week high of $423.92. The firm has a market cap of $21.14 billion, a price-to-earnings ratio of 19.21, a PEG ratio of 1.00 and a beta of 0.47. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.57.

Molina Healthcare (NYSE:MOH) last announced its earnings results on Wednesday, February 7th. The company reported $4.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.31 by $0.07. Molina Healthcare had a return on equity of 32.34% and a net margin of 3.20%. The company had revenue of $9.05 billion for the quarter, compared to analyst estimates of $8.35 billion. During the same period in the prior year, the company posted $4.10 EPS. Molina Healthcare’s quarterly revenue was up 10.0% on a year-over-year basis. Analysts forecast that Molina Healthcare, Inc. will post 23.62 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MOH. Truist Financial boosted their target price on Molina Healthcare from $435.00 to $460.00 and gave the stock a “buy” rating in a report on Tuesday, February 20th. Cantor Fitzgerald reiterated an “overweight” rating and set a $406.00 target price on shares of Molina Healthcare in a report on Thursday, April 4th. StockNews.com cut Molina Healthcare from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 8th. Wells Fargo & Company decreased their target price on Molina Healthcare from $440.00 to $410.00 and set an “equal weight” rating for the company in a report on Monday. Finally, Bank of America cut Molina Healthcare from a “neutral” rating to an “underperform” rating and set a $439.00 target price for the company. in a report on Thursday, March 28th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $393.09.

Insider Buying and Selling at Molina Healthcare

In other Molina Healthcare news, Director Richard M. Schapiro sold 711 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $384.06, for a total value of $273,066.66. Following the transaction, the director now directly owns 12,207 shares of the company’s stock, valued at approximately $4,688,220.42. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Richard M. Schapiro sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $401.05, for a total transaction of $401,050.00. Following the sale, the director now directly owns 11,207 shares of the company’s stock, valued at approximately $4,494,567.35. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Richard M. Schapiro sold 711 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $384.06, for a total value of $273,066.66. Following the sale, the director now directly owns 12,207 shares in the company, valued at $4,688,220.42. The disclosure for this sale can be found here. Insiders have sold a total of 16,711 shares of company stock valued at $6,472,517 in the last three months. Corporate insiders own 1.10% of the company’s stock.

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.