UniSuper Management Pty Ltd Increases Holdings in Molina Healthcare, Inc $MOH

UniSuper Management Pty Ltd increased its position in Molina Healthcare, Inc (NYSE:MOH) by 63.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,398 shares of the company’s stock after purchasing an additional 4,794 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Molina Healthcare were worth $2,372,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Invesco Ltd. grew its position in shares of Molina Healthcare by 25.9% during the 2nd quarter. Invesco Ltd. now owns 1,601,574 shares of the company’s stock worth $477,109,000 after buying an additional 329,759 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Molina Healthcare by 4.6% in the second quarter. AQR Capital Management LLC now owns 925,672 shares of the company’s stock valued at $273,096,000 after acquiring an additional 40,714 shares in the last quarter. Norges Bank purchased a new stake in Molina Healthcare in the second quarter worth about $212,113,000. Charles Schwab Investment Management Inc. lifted its stake in Molina Healthcare by 0.8% in the second quarter. Charles Schwab Investment Management Inc. now owns 419,457 shares of the company’s stock worth $124,956,000 after acquiring an additional 3,216 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in Molina Healthcare by 8.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 364,716 shares of the company’s stock worth $108,649,000 after acquiring an additional 28,562 shares in the last quarter. 98.50% of the stock is currently owned by hedge funds and other institutional investors.

Molina Healthcare Trading Down 8.6%

NYSE:MOH opened at $183.77 on Wednesday. The stock has a market capitalization of $9.96 billion, a price-to-earnings ratio of 11.38 and a beta of 0.49. Molina Healthcare, Inc has a 52 week low of $133.40 and a 52 week high of $359.97. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.92. The firm has a 50 day moving average of $168.25 and a 200 day moving average of $171.99.

Insider Activity at Molina Healthcare

In other news, Director Richard M. Schapiro sold 357 shares of the firm’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $143.02, for a total value of $51,058.14. Following the completion of the sale, the director owned 11,352 shares of the company’s stock, valued at $1,623,563.04. This trade represents a 3.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on MOH. Weiss Ratings restated a “sell (d+)” rating on shares of Molina Healthcare in a report on Thursday, January 22nd. UBS Group cut their price objective on shares of Molina Healthcare from $180.00 to $170.00 and set a “neutral” rating on the stock in a report on Friday, October 24th. The Goldman Sachs Group reduced their price objective on shares of Molina Healthcare from $207.00 to $167.00 and set a “neutral” rating for the company in a research note on Friday, October 24th. Cantor Fitzgerald dropped their target price on Molina Healthcare from $210.00 to $180.00 and set a “neutral” rating on the stock in a research report on Friday, October 24th. Finally, Wall Street Zen downgraded Molina Healthcare from a “hold” rating to a “sell” rating in a report on Saturday, October 25th. Three equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Molina Healthcare presently has a consensus rating of “Hold” and a consensus target price of $193.47.

Molina Healthcare Company Profile

Molina Healthcare, Inc is a managed care company specializing in government-sponsored health insurance programs. The company offers Medicaid managed care plans, Medicare Advantage and prescription drug plans, and individual Marketplace plans under the Affordable Care Act. Through an integrated care model, Molina emphasizes preventive and primary care services, care coordination, and disease management to improve health outcomes for its members.

The company traces its roots to the early 1980s, when Dr.