Nordea Investment Management AB Has $1.30 Million Position in Molina Healthcare, Inc. (NYSE:MOH)

Nordea Investment Management AB grew its holdings in Molina Healthcare, Inc. (NYSE:MOH) by 7.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 4,445 shares of the company’s stock after buying an additional 300 shares during the quarter. Nordea Investment Management AB’s holdings in Molina Healthcare were worth $1,300,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MOH. WCM Investment Management LLC boosted its holdings in Molina Healthcare by 3.4% in the third quarter. WCM Investment Management LLC now owns 1,080 shares of the company’s stock valued at $369,000 after acquiring an additional 36 shares during the last quarter. Metis Global Partners LLC boosted its holdings in Molina Healthcare by 1.4% during the third quarter. Metis Global Partners LLC now owns 2,785 shares of the company’s stock worth $960,000 after buying an additional 39 shares during the last quarter. Caprock Group LLC boosted its holdings in Molina Healthcare by 3.3% during the third quarter. Caprock Group LLC now owns 1,460 shares of the company’s stock worth $503,000 after buying an additional 47 shares during the last quarter. Bank of Hawaii lifted its holdings in shares of Molina Healthcare by 4.6% during the 3rd quarter. Bank of Hawaii now owns 1,224 shares of the company’s stock valued at $422,000 after purchasing an additional 54 shares in the last quarter. Finally, Oliver Luxxe Assets LLC lifted its holdings in shares of Molina Healthcare by 1.3% during the 3rd quarter. Oliver Luxxe Assets LLC now owns 4,428 shares of the company’s stock valued at $1,526,000 after purchasing an additional 55 shares in the last quarter. 98.50% of the stock is currently owned by institutional investors and hedge funds.

Molina Healthcare Stock Performance

Shares of MOH opened at $285.67 on Monday. The firm has a market cap of $16.34 billion, a PE ratio of 14.51, a PEG ratio of 1.04 and a beta of 0.54. The stock’s fifty day moving average price is $301.10 and its two-hundred day moving average price is $317.29. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.54 and a quick ratio of 1.55. Molina Healthcare, Inc. has a 1 year low of $272.69 and a 1 year high of $423.92.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $6.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.96 by $0.05. Molina Healthcare had a return on equity of 27.88% and a net margin of 2.92%. The company had revenue of $10.34 billion for the quarter, compared to analyst estimates of $9.92 billion. During the same period in the previous year, the company posted $5.05 EPS. The firm’s revenue for the quarter was up 21.0% compared to the same quarter last year. On average, equities research analysts forecast that Molina Healthcare, Inc. will post 23.44 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on MOH shares. Barclays lifted their target price on Molina Healthcare from $359.00 to $372.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. StockNews.com raised Molina Healthcare from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Wells Fargo & Company lifted their target price on Molina Healthcare from $360.00 to $362.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Cantor Fitzgerald reissued an “overweight” rating and issued a $406.00 target price on shares of Molina Healthcare in a research report on Thursday, October 24th. Finally, Robert W. Baird dropped their target price on Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Molina Healthcare has a consensus rating of “Hold” and an average price target of $359.18.

Molina Healthcare Company 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.