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

Alaska Permanent Fund Corp purchased a new position in Molina Healthcare, Inc. (NYSE:MOH) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 364 shares of the company’s stock, valued at approximately $132,000.

Other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP lifted its position in Molina Healthcare by 8.3% during 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 purchasing an additional 259,474 shares during the period. FMR LLC increased its position in Molina Healthcare by 1.0% in the third quarter. FMR LLC now owns 2,175,796 shares of the company’s stock worth $713,422,000 after buying an additional 22,583 shares in the last quarter. Invesco Ltd. raised its stake in shares of Molina Healthcare by 10.4% in the third quarter. Invesco Ltd. now owns 1,190,161 shares of the company’s stock worth $390,242,000 after buying an additional 112,243 shares during the period. Northern Trust Corp lifted its position in shares of Molina Healthcare by 5.6% during the 3rd 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% during the 3rd quarter. Lord Abbett & CO. LLC now owns 470,386 shares of the company’s stock valued at $154,234,000 after acquiring an additional 104,350 shares during the period. 98.50% of the stock is owned by hedge funds and other institutional investors.

Molina Healthcare Price Performance

Molina Healthcare stock opened at $342.23 on Friday. Molina Healthcare, Inc. has a 52-week low of $266.35 and a 52-week high of $423.92. The company has a market cap of $20.05 billion, a price-to-earnings ratio of 18.57, a PEG ratio of 0.99 and a beta of 0.47. The firm’s fifty day moving average is $391.53 and its 200 day moving average is $371.87. The company has a quick ratio of 1.54, a current ratio of 1.49 and a debt-to-equity ratio of 0.53.

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

Analyst Ratings Changes

MOH has been the subject of a number of recent analyst reports. Wells Fargo & Company dropped their price target on shares of Molina Healthcare from $440.00 to $410.00 and set an “equal weight” rating for the company in a research report on Monday, April 15th. StockNews.com lowered Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 8th. Stephens restated an “equal weight” rating and issued a $390.00 price objective on shares of Molina Healthcare in a research report on Thursday. Barclays decreased their target price on Molina Healthcare from $437.00 to $430.00 and set an “equal weight” rating on the stock in a research note on Thursday. Finally, Truist Financial upped their price target on Molina Healthcare from $435.00 to $460.00 and gave the stock a “buy” rating in a research note on Tuesday, February 20th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $396.09.

Insider Activity at Molina Healthcare

In other Molina Healthcare news, Director Richard M. Schapiro sold 711 shares of Molina Healthcare 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 directly owns 12,207 shares of the company’s stock, valued at $4,688,220.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Richard M. Schapiro sold 711 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $384.06, for a total transaction of $273,066.66. Following the transaction, the director now owns 12,207 shares of the company’s stock, valued at $4,688,220.42. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Mark Lowell Keim sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $386.56, for a total value of $5,798,400.00. Following the sale, the chief financial officer now directly owns 36,531 shares of the company’s stock, valued at $14,121,423.36. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,711 shares of company stock worth $6,472,517. Company 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.