Cibc World Markets Corp Has $2.65 Million Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Cibc World Markets Corp increased its position in Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 14.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,112 shares of the company's stock after purchasing an additional 1,117 shares during the quarter. Cibc World Markets Corp's holdings in Molina Healthcare were worth $2,652,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. True Wealth Design LLC grew its stake in shares of Molina Healthcare by 2,500.0% during the third quarter. True Wealth Design LLC now owns 104 shares of the company's stock valued at $36,000 after acquiring an additional 100 shares in the last quarter. Versant Capital Management Inc boosted its holdings in Molina Healthcare by 83.1% in the fourth quarter. Versant Capital Management Inc now owns 163 shares of the company's stock valued at $47,000 after purchasing an additional 74 shares during the last quarter. Wingate Wealth Advisors Inc. acquired a new stake in Molina Healthcare during the 4th quarter valued at approximately $52,000. EverSource Wealth Advisors LLC increased its holdings in 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 last quarter. Finally, Financial Perspectives Inc acquired a new position in shares of Molina Healthcare in the 4th quarter valued at approximately $59,000. Hedge funds and other institutional investors own 98.50% of the company's stock.

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Insider Activity

In other news, Director Steven J. Orlando sold 1,000 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $301.33, for a total value of $301,330.00. Following the completion of the sale, the director now owns 17,375 shares in the company, 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 Securities & Exchange Commission, which is available at this link. 1.10% of the stock is owned by company insiders.

Analyst Ratings Changes

MOH has been the subject of a number of recent analyst reports. 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 research report on Wednesday, February 19th. StockNews.com lowered shares of Molina Healthcare from a "buy" rating to a "hold" rating in a report on Monday, March 10th. Stephens restated an "equal weight" rating and issued a $345.00 target price on shares of Molina Healthcare in a research note on Thursday, February 6th. Wells Fargo & Company upgraded Molina Healthcare from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $295.00 to $372.00 in a research note on Wednesday, March 5th. Finally, Barclays cut their price objective on Molina Healthcare from $372.00 to $339.00 and set an "equal weight" rating on the stock in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Molina Healthcare currently has an average rating of "Hold" and a consensus target price of $355.69.

Molina Healthcare Price Performance

Shares of NYSE MOH traded down $2.10 during trading on Tuesday, hitting $310.55. The company had a trading volume of 358,460 shares, compared to its average volume of 612,744. 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 company has a market cap of $16.99 billion, a P/E ratio of 15.20, a PEG ratio of 1.06 and a beta of 0.56. The business's 50-day moving average is $300.36 and its 200 day moving average is $309.09. Molina Healthcare, Inc. has a 52 week low of $262.32 and a 52 week high of $423.92.

Molina Healthcare (NYSE:MOH - Get Free Report) last released its quarterly 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 net margin of 2.90% and a return on equity of 28.13%. Equities 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.