Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its position in shares of Molina Healthcare, Inc. (NYSE:MOH) by 17.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 199,500 shares of the company’s stock after purchasing an additional 29,700 shares during the quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp owned about 0.33% of Molina Healthcare worth $15,298,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Renaissance Technologies LLC increased its holdings in Molina Healthcare by 53.5% during the 4th quarter. Renaissance Technologies LLC now owns 2,156,150 shares of the company’s stock worth $165,334,000 after purchasing an additional 751,800 shares during the period. Jana Partners LLC increased its holdings in Molina Healthcare by 52.5% during the 3rd quarter. Jana Partners LLC now owns 2,125,351 shares of the company’s stock worth $146,139,000 after purchasing an additional 731,992 shares during the period. Iridian Asset Management LLC CT bought a new stake in Molina Healthcare during the 4th quarter valued at $128,179,000. Victory Capital Management Inc. boosted its position in Molina Healthcare by 36.0% during the 4th quarter. Victory Capital Management Inc. now owns 1,590,409 shares of the company’s stock valued at $121,953,000 after acquiring an additional 420,756 shares in the last quarter. Finally, Tiedemann Wealth Management LLC boosted its position in Molina Healthcare by 7.8% during the 3rd quarter. Tiedemann Wealth Management LLC now owns 1,440,066 shares of the company’s stock valued at $135,000 after acquiring an additional 103,775 shares in the last quarter. Institutional investors own 96.22% of the company’s stock.
Shares of Molina Healthcare stock opened at $78.29 on Thursday. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.35 and a quick ratio of 1.35. The firm has a market capitalization of $4,651.54, a price-to-earnings ratio of 26.58, a PEG ratio of 1.38 and a beta of 1.28. Molina Healthcare, Inc. has a 52-week low of $42.56 and a 52-week high of $93.98.
MOH has been the topic of several recent research reports. Goldman Sachs initiated coverage on Molina Healthcare in a research report on Wednesday, January 3rd. They set a “neutral” rating and a $83.00 target price on the stock. ValuEngine cut Molina Healthcare from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Piper Jaffray Companies increased their target price on Molina Healthcare to $92.00 and gave the company an “overweight” rating in a research report on Tuesday. JPMorgan Chase & Co. dropped their target price on Molina Healthcare from $103.00 to $91.00 and set an “overweight” rating on the stock in a research report on Thursday, February 15th. Finally, Zacks Investment Research raised Molina Healthcare from a “hold” rating to a “strong-buy” rating and set a $88.00 target price on the stock in a research report on Tuesday, January 2nd. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $78.50.
In other news, Director John C. Molina sold 62,420 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $72.13, for a total value of $4,502,354.60. Following the completion of the sale, the director now owns 393,410 shares of the company’s stock, valued at approximately $28,376,663.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider William Dentino sold 67,500 shares of the firm’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $86.71, for a total value of $5,852,925.00. The disclosure for this sale can be found here. Insiders sold a total of 360,140 shares of company stock valued at $30,179,670 in the last three months. Insiders own 6.20% of the company’s stock.
Molina Healthcare Profile
Molina Healthcare, Inc offers Medicaid-related solutions for low-income families and individuals, and assists government agencies in their administration of the Medicaid program. The Company operates through three segments: Health Plans, Molina Medicaid Solutions and Other, which includes its Pathways Health and Community Support LLC (Pathways) business.
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