Mirae Asset Global Investments Co. Ltd. Acquires 1,128 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Mirae Asset Global Investments Co. Ltd. boosted its holdings in Molina Healthcare, Inc. (NYSE:MOHFree Report) by 10.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,332 shares of the company’s stock after purchasing an additional 1,128 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Molina Healthcare were worth $5,066,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position in Molina Healthcare by 7.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 328,396 shares of the company’s stock worth $107,678,000 after acquiring an additional 22,572 shares during the last quarter. Royal Bank of Canada raised its holdings in Molina Healthcare by 31.1% during the 3rd quarter. Royal Bank of Canada now owns 144,461 shares of the company’s stock valued at $47,368,000 after buying an additional 34,246 shares during the last quarter. Comerica Bank boosted its position in Molina Healthcare by 80.0% during the 3rd quarter. Comerica Bank now owns 18,830 shares of the company’s stock valued at $6,174,000 after buying an additional 8,371 shares during the period. Public Sector Pension Investment Board grew its holdings in Molina Healthcare by 12.2% in the 3rd quarter. Public Sector Pension Investment Board now owns 6,253 shares of the company’s stock worth $2,050,000 after acquiring an additional 681 shares during the last quarter. Finally, Deutsche Bank AG grew its holdings in Molina Healthcare by 1.5% in the 3rd quarter. Deutsche Bank AG now owns 258,441 shares of the company’s stock worth $84,740,000 after acquiring an additional 3,754 shares during the last quarter. 98.50% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Ronna Romney sold 250 shares of the stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $343.27, for a total transaction of $85,817.50. Following the sale, the director now directly owns 16,945 shares of the company’s stock, valued at approximately $5,816,710.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Molina Healthcare news, COO James Woys sold 10,000 shares of Molina Healthcare stock in a transaction on 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 approximately $18,504,526.95. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ronna Romney sold 250 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were 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 $5,816,710.15. The disclosure for this sale can be found here. Corporate insiders own 1.11% of the company’s stock.

Molina Healthcare Trading Down 0.2 %

NYSE:MOH opened at $286.78 on Thursday. The firm has a market capitalization of $16.81 billion, a P/E ratio of 15.56, a PEG ratio of 0.90 and a beta of 0.58. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.49 and a quick ratio of 1.49. Molina Healthcare, Inc. has a one year low of $284.34 and a one year high of $423.92. The company’s 50-day simple moving average is $318.71 and its 200 day simple moving average is $359.05.

Molina Healthcare (NYSE:MOHGet Free Report) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $5.73 earnings per share for the quarter, topping the consensus estimate of $5.46 by $0.27. The company had revenue of $9.93 billion for the quarter, compared to the consensus estimate of $9.45 billion. Molina Healthcare had a return on equity of 29.86% and a net margin of 2.99%. The firm’s quarterly revenue was up 21.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.81 EPS. As a group, analysts forecast that Molina Healthcare, Inc. will post 23.56 EPS for the current fiscal year.

Analysts Set New Price Targets

MOH has been the subject of a number of analyst reports. TD Cowen dropped their target price on shares of Molina Healthcare from $453.00 to $412.00 and set a “buy” rating for the company in a report on Tuesday, April 30th. Wells Fargo & Company cut their price objective on Molina Healthcare from $410.00 to $375.00 and set an “equal weight” rating on the stock in a research report on Monday, April 29th. Cantor Fitzgerald restated an “overweight” rating and set a $406.00 target price on shares of Molina Healthcare in a report on Thursday, April 4th. Robert W. Baird initiated coverage on shares of Molina Healthcare in a report on Thursday, May 30th. They issued an “outperform” rating and a $405.00 price target on the stock. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Molina Healthcare from $420.00 to $395.00 and set an “overweight” rating for the company in a report on Wednesday. One investment analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Molina Healthcare presently has a consensus rating of “Moderate Buy” and a consensus target price of $405.18.

View Our Latest Stock Analysis on Molina Healthcare

Molina Healthcare Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Molina Healthcare (NYSE:MOH)

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