Hendershot Investments Inc. reduced its position in Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 4.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 25,904 shares of the company's stock after selling 1,318 shares during the period. Hendershot Investments Inc.'s holdings in Molina Healthcare were worth $7,539,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the business. Marshall Wace LLP purchased a new stake in Molina Healthcare during the second quarter valued at about $416,000. Algert Global LLC acquired a new stake in Molina Healthcare during the 2nd quarter worth approximately $211,000. Sanctuary Advisors LLC purchased a new position in Molina Healthcare in the second quarter valued at approximately $1,077,000. Czech National Bank lifted its position in Molina Healthcare by 6.9% during the third quarter. Czech National Bank now owns 11,937 shares of the company's stock valued at $4,113,000 after buying an additional 771 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in Molina Healthcare by 59.2% during the third quarter. GAMMA Investing LLC now owns 543 shares of the company's stock worth $187,000 after buying an additional 202 shares during the period. 98.50% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities analysts recently weighed in on MOH shares. StockNews.com lowered shares of Molina Healthcare from a "strong-buy" rating to a "buy" rating in a report on Saturday. Robert W. Baird lowered their target price on Molina Healthcare from $405.00 to $331.00 and set an "outperform" rating for the company in a research note on Thursday, October 24th. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $350.00 target price (down from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th. UBS Group reduced their target price on Molina Healthcare from $374.00 to $325.00 and set a "neutral" rating on the stock in a report on Friday, February 7th. Finally, Truist Financial decreased their price target on shares of Molina Healthcare from $400.00 to $370.00 and set a "buy" rating for the company in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $355.67.
Check Out Our Latest Research Report on MOH
Molina Healthcare Stock Performance
Shares of NYSE MOH traded down $6.49 during midday trading on Wednesday, hitting $266.57. 949,245 shares of the company's stock were exchanged, compared to its average volume of 651,911. Molina Healthcare, Inc. has a twelve month low of $266.20 and a twelve month high of $423.92. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.62 and a quick ratio of 1.55. The firm has a market cap of $15.25 billion, a P/E ratio of 13.05, a PEG ratio of 0.94 and a beta of 0.54. The stock's 50 day moving average price is $296.30 and its 200-day moving average price is $317.47.
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 (EPS) for the quarter, missing the consensus estimate of $5.74 by ($0.69). Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. Equities research analysts anticipate that Molina Healthcare, Inc. will post 24.5 EPS for the current year.
About Molina Healthcare
(
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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