Argent Capital Management LLC Purchases 893 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Argent Capital Management LLC grew its position in Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 9.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,896 shares of the company's stock after purchasing an additional 893 shares during the quarter. Argent Capital Management LLC's holdings in Molina Healthcare were worth $2,880,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp boosted its holdings in shares of Molina Healthcare by 0.5% in the 3rd quarter. State Street Corp now owns 2,614,311 shares of the company's stock valued at $900,787,000 after purchasing an additional 13,001 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Molina Healthcare by 22.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 470,932 shares of the company's stock valued at $140,026,000 after purchasing an additional 84,929 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of Molina Healthcare by 36.2% in the 2nd quarter. AQR Capital Management LLC now owns 463,537 shares of the company's stock valued at $137,810,000 after purchasing an additional 123,121 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Molina Healthcare by 2.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 390,078 shares of the company's stock valued at $134,405,000 after purchasing an additional 10,030 shares in the last quarter. Finally, Swiss National Bank boosted its holdings in shares of Molina Healthcare by 0.3% in the 3rd quarter. Swiss National Bank now owns 173,900 shares of the company's stock valued at $59,919,000 after purchasing an additional 500 shares in the last quarter. Institutional investors and hedge funds own 98.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on MOH. Wells Fargo & Company raised their target price on Molina Healthcare from $360.00 to $362.00 and gave the company an "equal weight" rating in a report on Monday, November 4th. Truist Financial dropped their price target on Molina Healthcare from $400.00 to $370.00 and set a "buy" rating for the company in a research note on Monday, January 6th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $406.00 price target on shares of Molina Healthcare in a research note on Thursday, October 24th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $350.00 price target (down from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th. Finally, StockNews.com raised Molina Healthcare from a "hold" rating to a "buy" rating in a research report on Friday, October 18th. One research analyst has rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $359.18.

Molina Healthcare Price Performance

NYSE:MOH traded down $5.31 during midday trading on Thursday, hitting $282.88. The company had a trading volume of 833,628 shares, compared to its average volume of 479,257. Molina Healthcare, Inc. has a 52-week low of $272.69 and a 52-week high of $423.92. The stock's fifty day moving average price is $298.81 and its 200-day moving average price is $317.09. The company has a market capitalization of $16.18 billion, a PE ratio of 14.37, a P/E/G ratio of 0.89 and a beta of 0.54. The company has a quick ratio of 1.55, a current ratio of 1.54 and a debt-to-equity ratio of 0.53.

Molina Healthcare (NYSE:MOH - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $6.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.96 by $0.05. Molina Healthcare had a net margin of 2.92% and a return on equity of 27.88%. The business had revenue of $10.34 billion during the quarter, compared to analyst estimates of $9.92 billion. During the same period in the prior year, the business posted $5.05 earnings per share. The company's revenue was up 21.0% on a year-over-year basis. As a group, research analysts expect that Molina Healthcare, Inc. will post 23.44 earnings per share for the current year.

Molina Healthcare Company Profile

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.