1,018 Shares in Molina Healthcare, Inc. (NYSE:MOH) Bought by AXQ Capital LP

AXQ Capital LP 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 1,018 shares of the company's stock, valued at approximately $296,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of MOH. Sei Investments Co. grew its holdings in Molina Healthcare by 157.0% in the fourth quarter. Sei Investments Co. now owns 33,051 shares of the company's stock worth $9,619,000 after purchasing an additional 20,193 shares during the last quarter. Mizuho Securities USA LLC grew its stake in Molina Healthcare by 42.7% during the 4th quarter. Mizuho Securities USA LLC now owns 5,421 shares of the company's stock worth $1,578,000 after buying an additional 1,621 shares during the last quarter. Quantbot Technologies LP increased its position in Molina Healthcare by 223.0% during the 4th quarter. Quantbot Technologies LP now owns 19,144 shares of the company's stock valued at $5,572,000 after buying an additional 13,217 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in Molina Healthcare by 337.0% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 201 shares of the company's stock valued at $58,000 after buying an additional 155 shares during the last quarter. Finally, Magnetar Financial LLC acquired a new stake in Molina Healthcare in the fourth quarter worth about $5,010,000. Hedge funds and other institutional investors own 98.50% of the company's stock.

Molina Healthcare Stock Performance

MOH stock traded down $1.82 during trading on Tuesday, hitting $310.83. 149,967 shares of the company traded hands, compared to its average volume of 612,744. Molina Healthcare, Inc. has a 1 year low of $262.32 and a 1 year high of $423.92. The company has a market cap of $17.00 billion, a PE ratio of 15.21, a P/E/G ratio of 1.06 and a beta of 0.56. The stock's 50-day simple moving average is $300.36 and its 200 day simple moving average is $309.09. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.62 and a quick ratio of 1.62.

Remove Ads

Molina Healthcare (NYSE:MOH - Get Free Report) last posted its earnings results on Wednesday, February 5th. The company reported $5.05 earnings per share for the quarter, missing the consensus estimate of $5.74 by ($0.69). Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. On average, equities analysts expect that Molina Healthcare, Inc. will post 24.4 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Steven J. Orlando sold 1,000 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $301.33, for a total transaction of $301,330.00. Following the sale, the director now directly owns 17,375 shares in the company, valued at $5,235,608.75. This trade represents a 5.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on MOH shares. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $350.00 price objective (down from $378.00) on shares of Molina Healthcare in a research report on Tuesday, December 17th. Truist Financial decreased their price target on shares of Molina Healthcare from $370.00 to $340.00 and set a "buy" rating for the company in a report on Wednesday, February 19th. Stephens reissued an "equal weight" rating and set a $345.00 price objective on shares of Molina Healthcare in a report on Thursday, February 6th. Barclays cut their target price on Molina Healthcare from $372.00 to $339.00 and set an "equal weight" rating on the stock in a research report on Friday, February 7th. Finally, Wells Fargo & Company upgraded Molina Healthcare from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $295.00 to $372.00 in a research note on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $355.69.

Molina Healthcare 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.