Fjarde AP Fonden Fourth Swedish National Pension Fund Reduces Stock Position in Molina Healthcare, Inc. (NYSE:MOH)

Fjarde AP Fonden Fourth Swedish National Pension Fund decreased its position in Molina Healthcare, Inc. (NYSE:MOH) by 7.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,700 shares of the company’s stock after selling 1,000 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Molina Healthcare were worth $3,405,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of MOH. Public Sector Pension Investment Board raised 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 valued at $871,000 after purchasing an additional 300 shares during the last quarter. Tributary Capital Management LLC increased its stake in shares of Molina Healthcare by 76.1% during the fourth quarter. Tributary Capital Management LLC now owns 4,190 shares of the company’s stock valued at $1,219,000 after buying an additional 1,811 shares during the period. Everence Capital Management Inc. bought a new position in shares of Molina Healthcare during the fourth quarter valued at approximately $544,000. SYM FINANCIAL Corp purchased a new stake in Molina Healthcare in the fourth quarter worth $249,000. Finally, Oddo BHF Asset Management Sas bought a new stake in Molina Healthcare in the third quarter valued at $2,947,000. 98.50% of the stock is owned by institutional investors.

Molina Healthcare Price Performance

Shares of NYSE MOH opened at $307.14 on Wednesday. The company has a 50 day moving average of $293.36 and a 200 day moving average of $313.53. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.69. Molina Healthcare, Inc. has a twelve month low of $262.32 and a twelve month high of $423.92. The firm has a market cap of $17.05 billion, a P/E ratio of 15.03, a PEG ratio of 1.06 and a beta of 0.54.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $5.05 earnings per share for the quarter, missing the consensus estimate of $5.74 by ($0.69). Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. As a group, research analysts expect that Molina Healthcare, Inc. will post 24.4 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

MOH has been the subject of several research analyst reports. Barclays dropped their target price on shares of Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating for the company in a research report on Friday, February 7th. UBS Group lowered their price objective on shares of Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating for the company in a report on Friday, February 7th. Wells Fargo & Company upped their target price on Molina Healthcare from $360.00 to $362.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $350.00 target price (down previously from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th. Finally, Stephens reaffirmed an “equal weight” rating and issued a $345.00 price target on shares of Molina Healthcare in a research note on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Molina Healthcare presently has an average rating of “Hold” and a consensus target price of $353.17.

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.