2,427 Shares in Molina Healthcare, Inc. (NYSE:MOH) Acquired by Westpac Banking Corp

Westpac Banking Corp purchased a new stake in shares of Molina Healthcare, Inc. (NYSE:MOH) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 2,427 shares of the company’s stock, valued at approximately $706,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new stake in Molina Healthcare during the 4th quarter worth about $134,675,000. Wellington Management Group LLP boosted its position in Molina Healthcare by 7.4% in the fourth quarter. Wellington Management Group LLP now owns 2,632,232 shares of the company’s stock valued at $766,111,000 after buying an additional 181,073 shares during the last quarter. Los Angeles Capital Management LLC boosted its position in Molina Healthcare by 166.1% in the fourth quarter. Los Angeles Capital Management LLC now owns 196,513 shares of the company’s stock valued at $57,195,000 after buying an additional 122,674 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in Molina Healthcare in the 4th quarter worth approximately $26,091,000. Finally, Victory Capital Management Inc. raised its position in Molina Healthcare by 48.9% during the 4th quarter. Victory Capital Management Inc. now owns 141,184 shares of the company’s stock worth $41,092,000 after buying an additional 46,350 shares during the last quarter. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Insider Buying and Selling at Molina Healthcare

In related news, Director Steven J. Orlando sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $301.33, for a total transaction of $301,330.00. Following the completion of the sale, the director now directly owns 17,375 shares in the company, valued at approximately $5,235,608.75. The trade was a 5.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.10% of the company’s stock.

Molina Healthcare Price Performance

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

Molina Healthcare (NYSE:MOH) last released its earnings results on Wednesday, February 5th. The company reported $5.05 EPS for the quarter, missing analysts’ consensus estimates 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, equities research analysts anticipate that Molina Healthcare, Inc. will post 24.4 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MOH has been the topic of a number of research reports. Stephens reiterated an “equal weight” rating and issued a $345.00 price objective on shares of Molina Healthcare in a research note on Thursday, February 6th. Wells Fargo & Company raised Molina Healthcare from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $295.00 to $372.00 in a research report on Wednesday, March 5th. UBS Group decreased their price objective on Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating for the company in a report on Friday, February 7th. Barclays dropped their target price on Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating on the stock in a report on Friday, February 7th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $350.00 price target (down from $378.00) on shares of Molina Healthcare in a report on Tuesday, December 17th. Seven analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Molina Healthcare has a consensus rating of “Moderate Buy” and an average 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.