Ensign Peak Advisors Inc Has $10.63 Million Position in Molina Healthcare, Inc. (NYSE:MOH)

Ensign Peak Advisors Inc boosted its position in Molina Healthcare, Inc. (NYSE:MOH) by 7.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,741 shares of the company’s stock after purchasing an additional 2,615 shares during the quarter. Ensign Peak Advisors Inc owned about 0.06% of Molina Healthcare worth $10,626,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cetera Investment Advisers boosted its position in shares of Molina Healthcare by 516.4% in the first quarter. Cetera Investment Advisers now owns 10,238 shares of the company’s stock valued at $4,206,000 after acquiring an additional 8,577 shares during the period. BlackBarn Capital Partners LP acquired a new position in shares of Molina Healthcare during the 4th quarter worth approximately $15,139,000. BI Asset Management Fondsmaeglerselskab A S increased its holdings in shares of Molina Healthcare by 69.5% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 11,809 shares of the company’s stock worth $4,851,000 after purchasing an additional 4,840 shares during the period. Nomura Asset Management Co. Ltd. raised its position in shares of Molina Healthcare by 76.4% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 27,301 shares of the company’s stock valued at $9,864,000 after buying an additional 11,820 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Molina Healthcare by 5.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,208 shares of the company’s stock valued at $1,159,000 after buying an additional 167 shares during the period. 98.50% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MOH has been the subject of several analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $406.00 price objective on shares of Molina Healthcare in a report on Tuesday, September 10th. Stephens reaffirmed an “equal weight” rating and issued a $320.00 price target on shares of Molina Healthcare in a research note on Thursday, July 25th. Robert W. Baird initiated coverage on shares of Molina Healthcare in a research note on Thursday, May 30th. They set an “outperform” rating and a $405.00 price objective on the stock. Jefferies Financial Group dropped their target price on shares of Molina Healthcare from $354.00 to $297.00 and set a “hold” rating for the company in a research report on Wednesday, July 24th. Finally, StockNews.com lowered shares of Molina Healthcare from a “buy” rating to a “hold” rating in a research report on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, five have issued 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 “Hold” and an average target price of $378.00.

Molina Healthcare Stock Down 0.5 %

Shares of NYSE:MOH opened at $346.29 on Wednesday. Molina Healthcare, Inc. has a 52-week low of $282.96 and a 52-week high of $423.92. The company has a market capitalization of $20.29 billion, a PE ratio of 18.79, a price-to-earnings-growth ratio of 1.20 and a beta of 0.57. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.57 and a current ratio of 1.57. The company has a fifty day moving average of $337.66 and a 200-day moving average of $342.19.

Molina Healthcare (NYSE:MOH) last issued its earnings results on Wednesday, July 24th. The company reported $5.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.73 by $0.13. Molina Healthcare had a return on equity of 28.09% and a net margin of 2.84%. The business had revenue of $9.88 billion during the quarter, compared to analysts’ expectations of $9.75 billion. During the same quarter in the prior year, the firm earned $5.65 EPS. The business’s revenue for the quarter was up 18.7% compared to the same quarter last year. On average, equities analysts predict that Molina Healthcare, Inc. will post 23.5 EPS for the current fiscal year.

Insider Activity at Molina Healthcare

In other Molina Healthcare news, CAO Maurice Hebert sold 393 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $346.52, for a total transaction of $136,182.36. Following the sale, the chief accounting officer now directly owns 9,473 shares of the company’s stock, valued at approximately $3,282,583.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CAO Maurice Hebert sold 393 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $346.52, for a total value of $136,182.36. Following the sale, the chief accounting officer now owns 9,473 shares of the company’s stock, valued at $3,282,583.96. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Steven J. Orlando sold 1,000 shares of the firm’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $339.21, for a total value of $339,210.00. Following the transaction, the director now directly owns 18,025 shares of the company’s stock, valued at $6,114,260.25. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.

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.