Harvest Fund Management Co. Ltd Has $58,000 Stock Position in Molina Healthcare, Inc. (NYSE:MOH)

Harvest Fund Management Co. Ltd lifted its holdings in Molina Healthcare, Inc. (NYSE:MOH) by 895.0% during the 4th quarter, HoldingsChannel reports. The fund owned 199 shares of the company’s stock after acquiring an additional 179 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Molina Healthcare were worth $58,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Los Angeles Capital Management LLC boosted its holdings in Molina Healthcare by 166.1% in the 4th quarter. Los Angeles Capital Management LLC now owns 196,513 shares of the company’s stock valued at $57,195,000 after purchasing an additional 122,674 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of Molina Healthcare in the fourth quarter valued at approximately $26,091,000. Victory Capital Management Inc. grew its position in Molina Healthcare by 48.9% during the fourth quarter. Victory Capital Management Inc. now owns 141,184 shares of the company’s stock worth $41,092,000 after buying an additional 46,350 shares in the last quarter. Raymond James Financial Inc. bought a new position in Molina Healthcare during the 4th quarter worth $10,725,000. Finally, NFJ Investment Group LLC acquired a new position in Molina Healthcare in the 3rd quarter valued at $7,432,000. 98.50% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Steven J. Orlando sold 1,000 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $301.33, for a total value of $301,330.00. Following the sale, the director now owns 17,375 shares of the company’s stock, valued at $5,235,608.75. The trade was a 5.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on MOH shares. Barclays reduced their target price on Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating on the stock in a report on Friday, February 7th. UBS Group decreased their target price on shares of Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating on the stock in a report on Friday, February 7th. StockNews.com downgraded shares of Molina Healthcare from a “buy” rating to a “hold” rating in a report on Monday, March 10th. Mizuho decreased their price objective on shares of Molina Healthcare from $382.00 to $376.00 and set an “outperform” rating on the stock in a research note on Monday, March 3rd. Finally, Truist Financial cut their target price on Molina Healthcare from $370.00 to $340.00 and set a “buy” rating for the company in a research note on Wednesday, February 19th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $355.69.

Molina Healthcare Trading Down 1.7 %

Shares of MOH stock opened at $309.85 on Monday. Molina Healthcare, Inc. has a twelve month low of $262.32 and a twelve month high of $423.92. The stock’s fifty day simple moving average is $299.99 and its 200 day simple moving average is $309.21. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $16.95 billion, a P/E ratio of 15.17, a P/E/G ratio of 1.06 and a beta of 0.56.

Molina Healthcare (NYSE:MOH) last released 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, sell-side analysts predict that Molina Healthcare, Inc. will post 24.4 EPS for the current fiscal year.

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.