BI Asset Management Fondsmaeglerselskab A S Has $4.85 Million Stock Holdings in Molina Healthcare, Inc. (NYSE:MOH)

BI Asset Management Fondsmaeglerselskab A S raised its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH) by 69.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 11,809 shares of the company’s stock after acquiring an additional 4,840 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Molina Healthcare were worth $4,851,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. McIlrath & Eck LLC bought a new stake in shares of Molina Healthcare during the 4th quarter valued at $34,000. VisionPoint Advisory Group LLC increased its position in shares of Molina Healthcare by 105.6% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 111 shares of the company’s stock valued at $36,000 after buying an additional 57 shares in the last quarter. Raleigh Capital Management Inc. increased its position in shares of Molina Healthcare by 40.4% in the 3rd quarter. Raleigh Capital Management Inc. now owns 125 shares of the company’s stock valued at $41,000 after buying an additional 36 shares in the last quarter. Principal Securities Inc. bought a new stake in shares of Molina Healthcare in the 4th quarter valued at $42,000. Finally, Householder Group Estate & Retirement Specialist LLC increased its position in shares of Molina Healthcare by 3,933.3% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 121 shares of the company’s stock valued at $43,000 after buying an additional 118 shares in the last quarter. Institutional investors own 98.50% of the company’s stock.

Molina Healthcare Stock Performance

NYSE:MOH traded down $0.28 during mid-day trading on Wednesday, hitting $287.02. The stock had a trading volume of 70,736 shares, compared to its average volume of 433,537. Molina Healthcare, Inc. has a twelve month low of $286.25 and a twelve month high of $423.92. The stock has a market cap of $16.82 billion, a price-to-earnings ratio of 15.57, a PEG ratio of 0.90 and a beta of 0.58. The company’s 50 day simple moving average is $319.75 and its 200 day simple moving average is $359.56. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.49 and a current ratio of 1.49.

Molina Healthcare (NYSE:MOH) last issued its earnings results on Wednesday, April 24th. The company reported $5.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.46 by $0.27. Molina Healthcare had a net margin of 2.99% and a return on equity of 29.86%. The business had revenue of $9.93 billion during the quarter, compared to the consensus estimate of $9.45 billion. During the same period last year, the business posted $5.81 EPS. Molina Healthcare’s revenue was up 21.9% on a year-over-year basis. On average, equities research analysts forecast that Molina Healthcare, Inc. will post 23.56 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently commented on MOH shares. Stephens restated an “equal weight” rating and issued a $390.00 price objective on shares of Molina Healthcare in a research report on Thursday, April 25th. Baird R W upgraded shares of Molina Healthcare to a “strong-buy” rating in a research report on Thursday, May 30th. Wells Fargo & Company lowered their target price on Molina Healthcare from $410.00 to $375.00 and set an “equal weight” rating for the company in a report on Monday, April 29th. Robert W. Baird initiated coverage on Molina Healthcare in a report on Thursday, May 30th. They set an “outperform” rating and a $405.00 target price for the company. Finally, JPMorgan Chase & Co. lowered their target price on Molina Healthcare from $435.00 to $420.00 and set an “overweight” rating for the company in a report on Thursday, May 30th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $407.45.

Insider Activity at Molina Healthcare

In related news, Director Ronna Romney sold 250 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $343.27, for a total value of $85,817.50. Following the completion of the sale, the director now directly owns 16,945 shares in the company, valued at approximately $5,816,710.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Molina Healthcare news, COO James Woys sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $345.15, for a total transaction of $3,451,500.00. Following the completion of the sale, the chief operating officer now directly owns 53,613 shares in the company, valued at $18,504,526.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ronna Romney sold 250 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $343.27, for a total transaction of $85,817.50. Following the sale, the director now owns 16,945 shares of the company’s stock, valued at $5,816,710.15. The disclosure for this sale can be found here. 1.11% of the stock is currently owned by company insiders.

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.