J. Safra Sarasin Holding AG Makes New Investment in Molina Healthcare, Inc $MOH

J. Safra Sarasin Holding AG acquired a new stake in Molina Healthcare, Inc (NYSE:MOH) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 7,268 shares of the company’s stock, valued at approximately $1,391,000.

A number of other hedge funds have also recently modified their holdings of the stock. Pilgrim Partners Asia Pte Ltd purchased a new position in Molina Healthcare during the third quarter valued at approximately $50,000. Vanguard Personalized Indexing Management LLC grew its stake in shares of Molina Healthcare by 26.9% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 12,248 shares of the company’s stock worth $2,344,000 after purchasing an additional 2,593 shares during the period. Investment House LLC acquired a new stake in shares of Molina Healthcare during the 3rd quarter worth approximately $574,000. Blackhawk Capital Partners LLC purchased a new position in shares of Molina Healthcare during the 3rd quarter valued at approximately $434,000. Finally, Y Intercept Hong Kong Ltd lifted its stake in shares of Molina Healthcare by 4.8% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 10,339 shares of the company’s stock valued at $1,978,000 after purchasing an additional 470 shares during the period. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Insider Activity at Molina Healthcare

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

Molina Healthcare Stock Up 1.5%

MOH stock opened at $186.93 on Thursday. 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 simple moving average of $169.23 and a 200-day simple moving average of $172.09. The stock has a market capitalization of $10.13 billion, a P/E ratio of 11.57 and a beta of 0.49.

Analyst Upgrades and Downgrades

MOH has been the topic of several analyst reports. Cantor Fitzgerald dropped their price target on shares of Molina Healthcare from $210.00 to $180.00 and set a “neutral” rating on the stock in a research report on Friday, October 24th. Wells Fargo & Company upped their price objective on shares of Molina Healthcare from $165.00 to $208.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 7th. Sanford C. Bernstein restated an “outperform” rating and set a $224.00 target price on shares of Molina Healthcare in a research report on Tuesday, January 6th. Barclays lifted their price target on Molina Healthcare from $144.00 to $164.00 and gave the company an “underweight” rating in a research note on Monday, January 5th. Finally, Jefferies Financial Group set a $160.00 price target on Molina Healthcare in a report on Tuesday, December 16th. Three equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $193.47.

Molina Healthcare 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.