Molina Healthcare, Inc. (NYSE:MOH) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. raised its position in Molina Healthcare, Inc. (NYSE:MOH) by 27.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,039 shares of the company’s stock after purchasing an additional 1,084 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Molina Healthcare were worth $1,723,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Innealta Capital LLC purchased a new position in shares of Molina Healthcare in the second quarter valued at $36,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Molina Healthcare in the 2nd quarter valued at approximately $40,000. AM Squared Ltd purchased a new position in shares of Molina Healthcare during the 2nd quarter valued at approximately $59,000. UMB Bank n.a. grew its position in shares of Molina Healthcare by 96.2% during the third quarter. UMB Bank n.a. now owns 206 shares of the company’s stock worth $71,000 after buying an additional 101 shares in the last quarter. Finally, Fidelis Capital Partners LLC bought a new stake in shares of Molina Healthcare in the first quarter worth $151,000. 98.50% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MOH has been the topic of a number of research analyst reports. Jefferies Financial Group reduced their price objective on shares of Molina Healthcare from $354.00 to $297.00 and set a “hold” rating on the stock in a research note on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Molina Healthcare from $354.00 to $353.00 and set a “hold” rating for the company in a report on Monday, July 29th. Stephens reissued an “equal weight” rating and issued a $320.00 target price on shares of Molina Healthcare in a report on Thursday, July 25th. Wells Fargo & Company upped their target price on Molina Healthcare from $315.00 to $360.00 and gave the company an “equal weight” rating in a report on Monday, August 5th. Finally, StockNews.com raised Molina Healthcare from a “hold” rating to a “buy” rating in a report on Friday, October 18th. One research analyst has rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $367.00.

Insider Buying and Selling

In other news, CAO Maurice Hebert sold 393 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $346.52, for a total value of $136,182.36. Following the completion of the sale, the chief accounting officer now owns 9,473 shares of the company’s stock, valued at $3,282,583.96. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.10% of the company’s stock.

Molina Healthcare Price Performance

Shares of NYSE MOH opened at $321.22 on Friday. Molina Healthcare, Inc. has a twelve month low of $272.69 and a twelve month high of $423.92. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.49. The firm has a 50-day moving average of $333.65 and a two-hundred day moving average of $328.55. The company has a market capitalization of $18.37 billion, a price-to-earnings ratio of 16.31, a PEG ratio of 0.99 and a beta of 0.58.

Molina Healthcare (NYSE:MOH) last issued its earnings results on Wednesday, October 23rd. The company reported $6.01 earnings per share for the quarter, topping analysts’ consensus estimates of $5.96 by $0.05. The firm had revenue of $10.34 billion during the quarter, compared to analysts’ expectations of $9.92 billion. Molina Healthcare had a net margin of 2.84% and a return on equity of 28.09%. The firm’s revenue for the quarter was up 21.0% compared to the same quarter last year. During the same period last year, the firm posted $5.05 earnings per share. As a group, analysts expect that Molina Healthcare, Inc. will post 23.5 earnings per share for the current fiscal year.

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.