Alaska Permanent Fund Corp Invests $132,000 in Molina Healthcare, Inc. (NYSE:MOH)

Alaska Permanent Fund Corp purchased a new stake in Molina Healthcare, Inc. (NYSE:MOH) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 364 shares of the company’s stock, valued at approximately $132,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Wellington Management Group LLP increased its position in shares of Molina Healthcare by 8.3% in the third quarter. Wellington Management Group LLP now owns 3,395,040 shares of the company’s stock valued at $1,113,200,000 after acquiring an additional 259,474 shares during the last quarter. FMR LLC raised its stake in shares of Molina Healthcare by 1.0% during the 3rd quarter. FMR LLC now owns 2,175,796 shares of the company’s stock worth $713,422,000 after purchasing an additional 22,583 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Molina Healthcare by 10.4% in the 3rd quarter. Invesco Ltd. now owns 1,190,161 shares of the company’s stock valued at $390,242,000 after buying an additional 112,243 shares during the last quarter. Northern Trust Corp grew its stake in shares of Molina Healthcare by 5.6% in the third quarter. Northern Trust Corp now owns 604,431 shares of the company’s stock valued at $198,187,000 after buying an additional 31,786 shares in the last quarter. Finally, Lord Abbett & CO. LLC grew its stake in shares of Molina Healthcare by 28.5% in the third quarter. Lord Abbett & CO. LLC now owns 470,386 shares of the company’s stock valued at $154,234,000 after buying an additional 104,350 shares in the last quarter. 98.50% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on MOH. Bank of America lowered shares of Molina Healthcare from a “neutral” rating to an “underperform” rating and set a $439.00 price objective on the stock. in a research note on Thursday, March 28th. Wells Fargo & Company reduced their target price on Molina Healthcare from $440.00 to $410.00 and set an “equal weight” rating for the company in a research note on Monday, April 15th. Stephens reiterated an “equal weight” rating and issued a $390.00 price objective on shares of Molina Healthcare in a report on Thursday. Truist Financial lifted their target price on shares of Molina Healthcare from $435.00 to $460.00 and gave the stock a “buy” rating in a report on Tuesday, February 20th. Finally, StockNews.com downgraded shares of Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Molina Healthcare has an average rating of “Hold” and a consensus price target of $396.09.

Molina Healthcare Trading Down 2.9 %

Shares of Molina Healthcare stock opened at $342.23 on Friday. The firm has a market capitalization of $20.05 billion, a PE ratio of 18.57, a price-to-earnings-growth ratio of 0.99 and a beta of 0.47. The company has a current ratio of 1.49, a quick ratio of 1.54 and a debt-to-equity ratio of 0.53. The firm’s 50 day moving average is $391.53 and its 200 day moving average is $371.87. Molina Healthcare, Inc. has a 1 year low of $266.35 and a 1 year high of $423.92.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings results on Wednesday, April 24th. The company reported $5.73 earnings per share (EPS) for the quarter, topping 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 company had revenue of $9.93 billion during the quarter, compared to the consensus estimate of $9.45 billion. During the same period in the prior year, the business earned $5.81 earnings per share. The company’s revenue for the quarter was up 21.9% compared to the same quarter last year. Equities research analysts forecast that Molina Healthcare, Inc. will post 23.62 earnings per share for the current fiscal year.

Insider Transactions at Molina Healthcare

In other news, Director Richard M. Schapiro sold 711 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $384.06, for a total value of $273,066.66. Following the completion of the sale, the director now owns 12,207 shares of the company’s stock, valued at $4,688,220.42. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Richard M. Schapiro sold 1,000 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $401.05, for a total transaction of $401,050.00. Following the completion of the sale, the director now directly owns 11,207 shares in the company, valued at $4,494,567.35. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Richard M. Schapiro sold 711 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $384.06, for a total transaction of $273,066.66. Following the completion of the transaction, the director now owns 12,207 shares in the company, valued at approximately $4,688,220.42. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,711 shares of company stock worth $6,472,517. Insiders own 1.10% of the company’s stock.

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.