CenterBook Partners LP Buys Shares of 6,375 Molina Healthcare, Inc. (NYSE:MOH)

CenterBook Partners LP bought a new stake in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,375 shares of the company's stock, valued at approximately $1,855,000.

Other hedge funds also recently modified their holdings of the company. Wellington Management Group LLP lifted its position in shares of Molina Healthcare by 7.4% during the fourth quarter. Wellington Management Group LLP now owns 2,632,232 shares of the company's stock valued at $766,111,000 after purchasing an additional 181,073 shares in the last quarter. FMR LLC raised its holdings in shares of Molina Healthcare by 31.1% in the 4th quarter. FMR LLC now owns 1,801,113 shares of the company's stock valued at $524,214,000 after acquiring an additional 427,276 shares in the last quarter. Geode Capital Management LLC increased its stake in Molina Healthcare by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 1,436,909 shares of the company's stock valued at $417,144,000 after acquiring an additional 34,992 shares during the last quarter. Invesco Ltd. grew its position in Molina Healthcare by 28.5% during the fourth quarter. Invesco Ltd. now owns 1,327,021 shares of the company's stock valued at $386,229,000 after acquiring an additional 294,180 shares during the last quarter. Finally, Norges Bank purchased a new stake in Molina Healthcare during the fourth quarter valued at about $134,675,000. Institutional investors own 98.50% of the company's stock.

Insider Buying and Selling

In related news, Director Steven J. Orlando sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $301.33, for a total value of $301,330.00. Following the sale, the director now directly owns 17,375 shares of the company's stock, valued at approximately $5,235,608.75. This trade represents a 5.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.26% of the company's stock.

Remove Ads

Analyst Ratings Changes

Several brokerages have commented on MOH. Truist Financial upped their price objective on shares of Molina Healthcare from $340.00 to $400.00 and gave the stock a "buy" rating in a report on Friday, April 11th. Barclays lowered their price objective 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. Mizuho increased their price objective on shares of Molina Healthcare from $376.00 to $400.00 and gave the company an "outperform" rating in a research report on Wednesday, April 9th. StockNews.com raised shares of Molina Healthcare from a "hold" rating to a "buy" rating in a report on Friday, April 11th. Finally, Wells Fargo & Company upgraded Molina Healthcare from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $295.00 to $372.00 in a research note on Wednesday, March 5th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $359.42.

Molina Healthcare Stock Up 0.3 %

Shares of NYSE:MOH traded up $0.99 during trading hours on Wednesday, reaching $336.49. The stock had a trading volume of 411,174 shares, compared to its average volume of 652,486. Molina Healthcare, Inc. has a 1 year low of $262.32 and a 1 year high of $373.22. The stock has a market capitalization of $18.41 billion, a price-to-earnings ratio of 16.47, a P/E/G ratio of 1.06 and a beta of 0.70. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.62 and a current ratio of 1.62. The firm's 50 day moving average is $312.03 and its 200-day moving average is $308.21.

Molina Healthcare (NYSE:MOH - Get Free Report) last posted its quarterly earnings data 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 net margin of 2.90% and a return on equity of 28.13%. Research analysts predict that Molina Healthcare, Inc. will post 24.4 earnings per share for the current fiscal 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.