2,427 Shares in Molina Healthcare, Inc. (NYSE:MOH) Bought by Westpac Banking Corp

Westpac Banking Corp acquired a new position in Molina Healthcare, Inc. (NYSE:MOH - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,427 shares of the company's stock, valued at approximately $706,000.

Other hedge funds have also modified their holdings of the company. Versant Capital Management Inc lifted its stake in Molina Healthcare by 83.1% in the fourth quarter. Versant Capital Management Inc now owns 163 shares of the company's stock worth $47,000 after acquiring an additional 74 shares during the period. Wingate Wealth Advisors Inc. acquired a new position in shares of Molina Healthcare in the 4th quarter valued at about $52,000. EverSource Wealth Advisors LLC grew its stake in shares of Molina Healthcare by 81.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 196 shares of the company's stock worth $57,000 after purchasing an additional 88 shares during the period. Harvest Fund Management Co. Ltd raised its position in shares of Molina Healthcare by 895.0% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 199 shares of the company's stock worth $58,000 after acquiring an additional 179 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Molina Healthcare by 337.0% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 201 shares of the company's stock worth $58,000 after acquiring an additional 155 shares in the last quarter. 98.50% of the stock is owned by hedge funds and other institutional investors.

Molina Healthcare Trading Down 0.3 %

Shares of NYSE:MOH traded down $0.88 during midday trading on Thursday, reaching $339.21. 227,988 shares of the company's stock were exchanged, compared to its average volume of 648,770. The firm's 50 day simple moving average is $309.45 and its two-hundred day simple moving average is $308.20. Molina Healthcare, Inc. has a fifty-two week low of $262.32 and a fifty-two week high of $383.58. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.62 and a quick ratio of 1.62. The stock has a market cap of $18.55 billion, a price-to-earnings ratio of 16.52, a P/E/G ratio of 1.06 and a beta of 0.70.

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Molina Healthcare (NYSE:MOH - Get Free Report) last released its earnings results on Wednesday, February 5th. The company reported $5.05 earnings per share 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%. As a group, sell-side analysts forecast that Molina Healthcare, Inc. will post 24.4 EPS for the current fiscal year.

Insider Buying and Selling at Molina Healthcare

In related news, Director Steven J. Orlando sold 1,000 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $301.33, for a total transaction of $301,330.00. Following the completion of the transaction, the director now directly owns 17,375 shares of the company's stock, valued at $5,235,608.75. This represents a 5.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on MOH shares. StockNews.com lowered shares of Molina Healthcare from a "buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Truist Financial decreased their target price on Molina Healthcare from $370.00 to $340.00 and set a "buy" rating on the stock in a research report on Wednesday, February 19th. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $350.00 price target (down from $378.00) on shares of Molina Healthcare in a research report on Tuesday, December 17th. Wells Fargo & Company raised shares of Molina Healthcare from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $295.00 to $372.00 in a research note on Wednesday, March 5th. Finally, Mizuho raised their price target on shares of Molina Healthcare from $376.00 to $400.00 and gave the stock an "outperform" rating in a research note on Wednesday. Eight equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Molina Healthcare has an average rating of "Moderate Buy" and an average price target of $350.75.

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.