AustralianSuper Pty Ltd Takes Position in Molina Healthcare, Inc $MOH

AustralianSuper Pty Ltd acquired a new position in shares of Molina Healthcare, Inc (NYSE:MOH) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 53,785 shares of the company’s stock, valued at approximately $10,292,000. AustralianSuper Pty Ltd owned 0.10% of Molina Healthcare as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Molina Healthcare by 17.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,813 shares of the company’s stock worth $1,686,000 after buying an additional 1,336 shares during the last quarter. J. Safra Sarasin Holding AG acquired a new stake in shares of Molina Healthcare in the 3rd quarter valued at approximately $1,391,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Molina Healthcare in the 3rd quarter valued at approximately $50,000. Vanguard Personalized Indexing Management LLC boosted its stake in 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 acquiring an additional 2,593 shares during the last quarter. Finally, Investment House LLC acquired a new position in Molina Healthcare during the third quarter valued at approximately $574,000. Institutional investors own 98.50% of the company’s stock.

Insider Activity at Molina Healthcare

In other news, Director Richard M. Schapiro sold 357 shares of the business’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of $143.02, for a total value of $51,058.14. Following the sale, the director owned 11,352 shares of the company’s stock, valued at $1,623,563.04. The trade was a 3.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.10% of the stock is currently owned by corporate insiders.

Molina Healthcare Stock Performance

MOH opened at $184.74 on Friday. The company has a market capitalization of $10.01 billion, a price-to-earnings ratio of 11.44 and a beta of 0.49. The business’s 50-day moving average price is $170.23 and its two-hundred day moving average price is $172.18. Molina Healthcare, Inc has a 1 year low of $133.40 and a 1 year high of $359.97. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.68 and a quick ratio of 1.68.

Analyst Ratings Changes

A number of brokerages have recently weighed in on MOH. Jefferies Financial Group set a $160.00 price target on shares of Molina Healthcare in a research report on Tuesday, December 16th. Morgan Stanley set a $158.00 price objective on Molina Healthcare in a research note on Friday, October 24th. TD Cowen lowered Molina Healthcare from a “buy” rating to a “hold” rating and set a $203.00 target price on the stock. in a report on Thursday, October 16th. Cantor Fitzgerald lowered their price target on Molina Healthcare from $210.00 to $180.00 and set a “neutral” rating for the company in a report on Friday, October 24th. Finally, Truist Financial set a $175.00 price objective on Molina Healthcare in a report on Friday, October 24th. Three analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $193.47.

About Molina Healthcare

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.