Meeder Asset Management Inc. Has $942,000 Position in Molina Healthcare, Inc. (NYSE:MOH)

Meeder Asset Management Inc. boosted its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH) by 14,609.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,236 shares of the company’s stock after acquiring an additional 3,214 shares during the period. Meeder Asset Management Inc.’s holdings in Molina Healthcare were worth $942,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Waldron Private Wealth LLC lifted its stake in Molina Healthcare by 4.7% during the 4th quarter. Waldron Private Wealth LLC now owns 729 shares of the company’s stock valued at $212,000 after acquiring an additional 33 shares in the last quarter. Angeles Investment Advisors LLC raised its stake in shares of Molina Healthcare by 5.4% in the fourth quarter. Angeles Investment Advisors LLC now owns 838 shares of the company’s stock valued at $244,000 after buying an additional 43 shares during the period. HighTower Advisors LLC raised its position in shares of Molina Healthcare by 2.1% in the third quarter. HighTower Advisors LLC now owns 2,627 shares of the company’s stock valued at $906,000 after purchasing an additional 55 shares during the period. Lindbrook Capital LLC lifted its holdings in Molina Healthcare by 38.5% during the 4th quarter. Lindbrook Capital LLC now owns 205 shares of the company’s stock worth $60,000 after purchasing an additional 57 shares in the last quarter. Finally, Brooklyn Investment Group increased its position in shares of Molina Healthcare by 20.1% during the fourth quarter. Brooklyn Investment Group now owns 400 shares of the company’s stock valued at $116,000 after buying an additional 67 shares during the period. 98.50% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

MOH has been the topic of a number of analyst reports. Truist Financial decreased their target price on shares of Molina Healthcare from $370.00 to $340.00 and set a “buy” rating on the stock in a report on Wednesday, February 19th. 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 report on Tuesday, December 17th. Wells Fargo & Company upgraded shares of Molina Healthcare from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $295.00 to $372.00 in a research report on Wednesday, March 5th. StockNews.com upgraded shares of Molina Healthcare from a “hold” rating to a “buy” rating in a report on Wednesday, March 26th. Finally, Stephens reaffirmed an “equal weight” rating and set a $345.00 target price on shares of Molina Healthcare in a report on Thursday, February 6th. Six analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $348.75.

Insider Buying and Selling at Molina Healthcare

In related news, Director Steven J. Orlando sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was 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 owns 17,375 shares of the company’s stock, valued at $5,235,608.75. This trade represents a 5.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.10% of the company’s stock.

Molina Healthcare Trading Down 0.2 %

NYSE MOH opened at $322.78 on Monday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.62 and a current ratio of 1.62. Molina Healthcare, Inc. has a fifty-two week low of $262.32 and a fifty-two week high of $409.07. The stock has a market cap of $17.66 billion, a P/E ratio of 15.80, a price-to-earnings-growth ratio of 1.06 and a beta of 0.56. The stock has a 50 day simple moving average of $302.98 and a two-hundred day simple moving average of $309.01.

Molina Healthcare (NYSE:MOH) last released its earnings results on Wednesday, February 5th. The company reported $5.05 EPS for the quarter, missing analysts’ consensus estimates of $5.74 by ($0.69). Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. On average, analysts forecast that Molina Healthcare, Inc. will post 24.4 earnings per share for the current 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.