Fox Run Management L.L.C. lessened its stake in Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 65.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 761 shares of the company's stock after selling 1,419 shares during the quarter. Fox Run Management L.L.C.'s holdings in Molina Healthcare were worth $221,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently modified their holdings of the company. Los Angeles Capital Management LLC raised its position in Molina Healthcare by 166.1% in the 4th quarter. Los Angeles Capital Management LLC now owns 196,513 shares of the company's stock worth $57,195,000 after purchasing an additional 122,674 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Molina Healthcare in the 4th quarter valued at $26,091,000. Victory Capital Management Inc. raised its position in shares of Molina Healthcare by 48.9% during the fourth quarter. Victory Capital Management Inc. now owns 141,184 shares of the company's stock worth $41,092,000 after acquiring an additional 46,350 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Molina Healthcare during the fourth quarter valued at $10,725,000. Finally, NFJ Investment Group LLC bought a new position in Molina Healthcare in the third quarter valued at about $7,432,000. 98.50% of the stock is owned by institutional investors.
Molina Healthcare Stock Up 0.2 %
Shares of MOH traded up $0.56 during midday trading on Wednesday, hitting $328.27. The stock had a trading volume of 384,080 shares, compared to its average volume of 634,557. The firm has a market cap of $17.96 billion, a price-to-earnings ratio of 16.07, a price-to-earnings-growth ratio of 1.06 and a beta of 0.56. The company has a 50 day simple moving average of $304.95 and a two-hundred day simple moving average of $308.51. Molina Healthcare, Inc. has a twelve month low of $262.32 and a twelve month high of $384.35. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.62 and a quick ratio of 1.62.
Molina Healthcare (NYSE:MOH - Get Free Report) last announced its earnings results on Wednesday, February 5th. The company reported $5.05 earnings per share (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%. On average, analysts anticipate that Molina Healthcare, Inc. will post 24.4 EPS for the current year.
Wall Street Analyst Weigh In
Several brokerages have weighed in on MOH. Barclays dropped their price objective on Molina Healthcare from $372.00 to $339.00 and set an "equal weight" rating for the company in a report on Friday, February 7th. Truist Financial dropped 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 note on Wednesday, February 19th. Wells Fargo & Company raised shares of Molina Healthcare from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $295.00 to $372.00 in a research note on Wednesday, March 5th. StockNews.com upgraded shares of Molina Healthcare from a "hold" rating to a "buy" rating in a research report on Wednesday, March 26th. Finally, UBS Group cut their price target on Molina Healthcare from $374.00 to $325.00 and set a "neutral" rating on the stock in a research note on Friday, February 7th. Six equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Molina Healthcare presently has a consensus rating of "Moderate Buy" and a consensus price target of $348.75.
Read Our Latest Research Report on MOH
Insider Buying and Selling
In related news, Director Steven J. Orlando sold 1,000 shares of Molina Healthcare stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $301.33, for a total value of $301,330.00. Following the sale, the director now owns 17,375 shares of the company's stock, valued at approximately $5,235,608.75. The trade was a 5.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is currently owned by corporate insiders.
Molina Healthcare Company Profile
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Free Report)
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.
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