E Fund Management Co. Ltd. Raises Stock Position in Molina Healthcare, Inc. (NYSE:MOH)

E Fund Management Co. Ltd. lifted its position in Molina Healthcare, Inc. (NYSE:MOH) by 109.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,251 shares of the company’s stock after buying an additional 654 shares during the period. E Fund Management Co. Ltd.’s holdings in Molina Healthcare were worth $364,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Public Sector Pension Investment Board grew its position in Molina Healthcare by 13.5% during the 3rd quarter. Public Sector Pension Investment Board now owns 2,527 shares of the company’s stock worth $871,000 after purchasing an additional 300 shares during the last quarter. Tributary Capital Management LLC grew its position in Molina Healthcare by 76.1% during the 4th quarter. Tributary Capital Management LLC now owns 4,190 shares of the company’s stock worth $1,219,000 after purchasing an additional 1,811 shares during the last quarter. Everence Capital Management Inc. purchased a new stake in Molina Healthcare during the 4th quarter worth approximately $544,000. SYM FINANCIAL Corp purchased a new stake in Molina Healthcare during the 4th quarter worth approximately $249,000. Finally, Oddo BHF Asset Management Sas purchased a new stake in Molina Healthcare during the 3rd quarter worth approximately $2,947,000. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Molina Healthcare Stock Performance

MOH opened at $327.11 on Friday. 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 firm has a fifty day moving average price of $295.28 and a 200 day moving average price of $311.91. Molina Healthcare, Inc. has a 1 year low of $262.32 and a 1 year high of $423.92. The stock has a market cap of $18.15 billion, a P/E ratio of 16.01, a P/E/G ratio of 1.06 and a beta of 0.56.

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

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. UBS Group dropped their target price on shares of Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating on the stock in a research report on Friday, February 7th. Wells Fargo & Company raised shares of Molina Healthcare from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $295.00 to $372.00 in a research report on Wednesday. Truist Financial dropped their target price 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. Barclays decreased their price objective on shares of 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. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $350.00 price objective (down from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $355.69.

Insider Activity at Molina Healthcare

In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $301.33, for a total transaction of $301,330.00. Following the completion of the transaction, the director now directly owns 17,375 shares in the company, valued at approximately $5,235,608.75. This represents a 5.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.10% of the company’s stock.

Molina Healthcare 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.