D.A. Davidson & CO. bought a new stake in Molina Healthcare, Inc. (NYSE:MOH) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,800 shares of the company’s stock, valued at approximately $209,000.

A number of other institutional investors have also added to or reduced their stakes in MOH. Cerebellum GP LLC bought a new position in Molina Healthcare in the fourth quarter valued at about $158,000. DekaBank Deutsche Girozentrale grew its holdings in shares of Molina Healthcare by 185.1% during the third quarter. DekaBank Deutsche Girozentrale now owns 1,226 shares of the company’s stock worth $170,000 after purchasing an additional 796 shares during the last quarter. Alpha Cubed Investments LLC bought a new stake in shares of Molina Healthcare during the third quarter worth about $200,000. Ibex Investors LLC bought a new stake in shares of Molina Healthcare during the third quarter worth about $200,000. Finally, Contravisory Investment Management Inc. grew its holdings in shares of Molina Healthcare by 5.6% during the fourth quarter. Contravisory Investment Management Inc. now owns 1,796 shares of the company’s stock worth $209,000 after purchasing an additional 96 shares during the last quarter.

In related news, Director Charles Z. Fedak sold 3,795 shares of the company’s stock in a transaction that occurred on Monday, November 19th. The stock was sold at an average price of $120.74, for a total value of $458,208.30. Following the sale, the director now directly owns 18,464 shares in the company, valued at $2,229,343.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ronna Romney sold 200 shares of the company’s stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $132.72, for a total value of $26,544.00. The disclosure for this sale can be found here. Insiders sold 4,395 shares of company stock worth $535,910 over the last quarter. 0.65% of the stock is currently owned by company insiders.

MOH has been the topic of several research reports. Jefferies Financial Group upgraded Molina Healthcare from a “hold” rating to a “buy” rating and boosted their price target for the stock from $152.00 to $169.00 in a report on Tuesday, November 13th. ValuEngine upgraded Molina Healthcare from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Zacks Investment Research upgraded Molina Healthcare from a “hold” rating to a “strong-buy” rating and set a $155.00 price target on the stock in a report on Tuesday, October 23rd. Stephens initiated coverage on Molina Healthcare in a report on Monday, January 14th. They set an “equal weight” rating and a $144.00 price target on the stock. Finally, Morgan Stanley boosted their price target on Molina Healthcare from $178.00 to $184.00 and gave the stock an “overweight” rating in a report on Thursday, October 18th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $141.77.

Shares of MOH stock opened at $137.01 on Thursday. Molina Healthcare, Inc. has a one year low of $71.07 and a one year high of $154.06. The company has a market capitalization of $8.55 billion, a P/E ratio of 244.66, a P/E/G ratio of 1.18 and a beta of 1.67. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.78.

Molina Healthcare (NYSE:MOH) last announced its earnings results on Monday, February 11th. The company reported $3.88 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.52 by $2.36. Molina Healthcare had a return on equity of 30.50% and a net margin of 1.27%. The business had revenue of $4.66 billion for the quarter, compared to analysts’ expectations of $4.56 billion. As a group, sell-side analysts anticipate that Molina Healthcare, Inc. will post 8.18 EPS for the current fiscal year.

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Molina Healthcare Profile

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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Institutional Ownership by Quarter for Molina Healthcare (NYSE:MOH)

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