Molina Healthcare, Inc. (NYSE:MOH) Position Reduced by Burney Co.

Burney Co. lowered its stake in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 39.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 4,256 shares of the company's stock after selling 2,787 shares during the period. Burney Co.'s holdings in Molina Healthcare were worth $1,239,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp lifted its position in shares of Molina Healthcare by 0.5% during the third quarter. State Street Corp now owns 2,614,311 shares of the company's stock worth $900,787,000 after purchasing an additional 13,001 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Molina Healthcare by 22.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 470,932 shares of the company's stock worth $140,026,000 after buying an additional 84,929 shares in the last quarter. AQR Capital Management LLC boosted its position in 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 buying an additional 123,121 shares during the period. Charles Schwab Investment Management Inc. boosted its position in 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 buying an additional 10,030 shares during the period. Finally, Swiss National Bank grew its stake in shares of Molina Healthcare by 0.3% in the third quarter. Swiss National Bank now owns 173,900 shares of the company's stock worth $59,919,000 after acquiring an additional 500 shares in the last quarter. Institutional investors and hedge funds own 98.50% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on MOH. Wells Fargo & Company boosted their target price on Molina Healthcare from $360.00 to $362.00 and gave the stock an "equal weight" rating in a research note on Monday, November 4th. Cantor Fitzgerald reissued an "overweight" rating and set a $406.00 price objective on shares of Molina Healthcare in a research report on Thursday, October 24th. Truist Financial reduced their target price on shares of Molina Healthcare from $400.00 to $370.00 and set a "buy" rating on the stock in a report on Monday, January 6th. JPMorgan Chase & Co. reissued 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. Finally, StockNews.com raised shares of 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 issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $359.18.

Molina Healthcare Stock Up 1.3 %

Shares of MOH stock traded up $3.76 on Friday, hitting $286.36. The stock had a trading volume of 838,441 shares, compared to its average volume of 512,374. Molina Healthcare, Inc. has a 52-week low of $272.69 and a 52-week high of $423.92. The firm has a market capitalization of $16.38 billion, a price-to-earnings ratio of 14.54, a P/E/G ratio of 0.89 and a beta of 0.54. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 1.54. The stock's 50 day moving average is $296.84 and its 200-day moving average is $316.81.

Molina Healthcare (NYSE:MOH - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $6.01 earnings per share for the quarter, beating analysts' consensus estimates of $5.96 by $0.05. Molina Healthcare had a net margin of 2.92% and a return on equity of 27.88%. The company had revenue of $10.34 billion during the quarter, compared to analysts' expectations of $9.92 billion. During the same period in the prior year, the company posted $5.05 EPS. The firm's revenue for the quarter 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 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.