Summit Trail Advisors LLC Makes New $452,000 Investment in Molina Healthcare, Inc. (NYSE:MOH)

Summit Trail Advisors LLC acquired a new stake in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,552 shares of the company's stock, valued at approximately $452,000.

Several other institutional investors and hedge funds have also recently modified their holdings of MOH. CWM LLC increased its position in Molina Healthcare by 76.2% in the third quarter. CWM LLC now owns 4,001 shares of the company's stock worth $1,379,000 after purchasing an additional 1,730 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in Molina Healthcare by 400.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the company's stock worth $172,000 after buying an additional 400 shares during the period. Exchange Traded Concepts LLC boosted its stake in Molina Healthcare by 85.0% during the third quarter. Exchange Traded Concepts LLC now owns 3,129 shares of the company's stock worth $1,078,000 after buying an additional 1,438 shares during the period. Oliver Luxxe Assets LLC boosted its stake in Molina Healthcare by 1.3% during the third quarter. Oliver Luxxe Assets LLC now owns 4,428 shares of the company's stock worth $1,526,000 after buying an additional 55 shares during the period. Finally, Creative Planning boosted its stake in Molina Healthcare by 2.7% during the third quarter. Creative Planning now owns 8,454 shares of the company's stock worth $2,913,000 after buying an additional 226 shares during the period. Institutional investors own 98.50% of the company's stock.

Molina Healthcare Stock Up 0.6 %

Molina Healthcare stock traded up $1.61 during trading hours on Friday, reaching $272.28. The stock had a trading volume of 640,907 shares, compared to its average volume of 654,476. The company has a market cap of $15.57 billion, a price-to-earnings ratio of 13.33, a PEG ratio of 0.94 and a beta of 0.54. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.62 and a quick ratio of 1.55. The business's 50 day moving average price is $295.26 and its 200-day moving average price is $316.49. Molina Healthcare, Inc. has a 52 week low of $262.32 and a 52 week high of $423.92.

Molina Healthcare (NYSE:MOH - Get Free Report) last announced its earnings results on Wednesday, February 5th. The company reported $5.05 EPS for the quarter, missing analysts' consensus estimates of $5.74 by ($0.69). Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. Sell-side analysts anticipate that Molina Healthcare, Inc. will post 24.5 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Barclays dropped their price objective on shares of Molina Healthcare from $372.00 to $339.00 and set an "equal weight" rating for the company in a research note on Friday, February 7th. JPMorgan Chase & Co. reissued a "neutral" rating and set a $350.00 target price (down from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th. Wells Fargo & Company boosted their target price on shares of Molina Healthcare from $360.00 to $362.00 and gave the company an "equal weight" rating in a research note on Monday, November 4th. Truist Financial lowered their price objective on shares of Molina Healthcare from $400.00 to $370.00 and set a "buy" rating for the company in a research note on Monday, January 6th. Finally, Stephens reaffirmed an "equal weight" rating and issued a $345.00 price objective on shares of Molina Healthcare in a research note on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $355.67.

About Molina Healthcare

Molina Healthcare, Inc provides managed healthcare services to low-income families and individuals under the Medicaid and Medicare programs and through the state insurance marketplaces. It operates in four segments: Medicaid, Medicare, Marketplace, and Other. The company served in across 19 states. The company was founded in 1980 and is headquartered in Long Beach, California.