Wellington Management Group LLP Purchases 181,073 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Wellington Management Group LLP raised its holdings in Molina Healthcare, Inc. (NYSE:MOH) by 7.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,632,232 shares of the company’s stock after buying an additional 181,073 shares during the quarter. Wellington Management Group LLP owned 4.81% of Molina Healthcare worth $766,111,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in MOH. Norges Bank bought a new stake in Molina Healthcare in the fourth quarter valued at about $134,675,000. Los Angeles Capital Management LLC boosted its holdings in Molina Healthcare by 166.1% during the fourth quarter. Los Angeles Capital Management LLC now owns 196,513 shares of the company’s stock valued at $57,195,000 after purchasing an additional 122,674 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Molina Healthcare in the 4th quarter valued at approximately $26,091,000. Victory Capital Management Inc. lifted its position in shares of 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 period. Finally, Raymond James Financial Inc. acquired a new stake in Molina Healthcare in the 4th quarter valued at $10,725,000. Institutional investors and hedge funds own 98.50% of the company’s stock.

Molina Healthcare Trading Up 2.0 %

MOH stock opened at $329.44 on Tuesday. The stock has a market cap of $18.02 billion, a price-to-earnings ratio of 16.13, a price-to-earnings-growth ratio of 1.06 and a beta of 0.56. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.62 and a quick ratio of 1.62. The company has a fifty day moving average price of $303.84 and a two-hundred day moving average price of $308.59. Molina Healthcare, Inc. has a one year low of $262.32 and a one year high of $409.07.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $5.05 earnings per share 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%. Equities analysts anticipate that Molina Healthcare, Inc. will post 24.4 EPS for the current year.

Insider Transactions at Molina Healthcare

In other news, Director Steven J. Orlando sold 1,000 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $301.33, for a total transaction of $301,330.00. Following 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on MOH. Barclays dropped their price objective on Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating for the company in a research note on Friday, February 7th. Mizuho dropped their target price on shares of Molina Healthcare from $382.00 to $376.00 and set an “outperform” rating for the company in a research report on Monday, March 3rd. Truist Financial reduced their price target on shares of Molina Healthcare from $370.00 to $340.00 and set a “buy” rating on the stock in a research report on Wednesday, February 19th. UBS Group dropped their price objective on shares of Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating for the company in a report on Friday, February 7th. Finally, StockNews.com raised Molina Healthcare from a “hold” rating to a “buy” rating in a report on Wednesday, March 26th. Six research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.