Rhumbline Advisers grew its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH) by 47.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 168,279 shares of the company’s stock after purchasing an additional 53,839 shares during the quarter. Rhumbline Advisers’ holdings in Molina Healthcare were worth $19,557,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Swiss National Bank raised its holdings in Molina Healthcare by 3.5% during the third quarter. Swiss National Bank now owns 102,200 shares of the company’s stock worth $15,197,000 after purchasing an additional 3,500 shares in the last quarter. World Asset Management Inc raised its holdings in Molina Healthcare by 13.9% during the third quarter. World Asset Management Inc now owns 3,047 shares of the company’s stock worth $453,000 after purchasing an additional 372 shares in the last quarter. Iron Financial LLC raised its holdings in Molina Healthcare by 20.0% during the fourth quarter. Iron Financial LLC now owns 3,000 shares of the company’s stock worth $349,000 after purchasing an additional 500 shares in the last quarter. Retirement Systems of Alabama raised its holdings in Molina Healthcare by 8.1% during the third quarter. Retirement Systems of Alabama now owns 184,957 shares of the company’s stock worth $27,503,000 after purchasing an additional 13,853 shares in the last quarter. Finally, Cerebellum GP LLC bought a new stake in Molina Healthcare during the fourth quarter worth approximately $158,000.
In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of Molina Healthcare stock in a transaction that occurred on Wednesday, November 14th. The shares were sold at an average price of $135.86, for a total transaction of $135,860.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Ronna Romney sold 200 shares of Molina Healthcare stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $132.72, for a total transaction of $26,544.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,395 shares of company stock worth $671,770. 0.65% of the stock is currently owned by company insiders.
MOH has been the topic of several recent analyst reports. Jefferies Financial Group raised Molina Healthcare from a “hold” rating to a “buy” rating and boosted their target price for the stock from $152.00 to $169.00 in a report on Tuesday, November 13th. Stephens initiated coverage on Molina Healthcare in a report on Monday, January 14th. They set an “equal weight” rating and a $144.00 target price on the stock. ValuEngine cut Molina Healthcare from a “buy” rating to a “hold” rating in a report on Thursday, November 1st. Wolfe Research lowered shares of Molina Healthcare from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 3rd. Finally, Mitsubishi UFJ Financial Group upgraded shares of Molina Healthcare from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 8th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $141.15.
About Molina Healthcare
Molina Healthcare, Inc provides Medicaid-related solutions to meet the health care needs of low-income families and individuals; and to assist state agencies in their administration of the Medicaid program in the United States. It operates through three segments: Health Plans, Molina Medicaid Solutions, and Other.
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