Ieq Capital LLC Grows Stock Position in Molina Healthcare, Inc. (NYSE:MOH)

Ieq Capital LLC increased its stake in Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 762.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,489 shares of the company's stock after purchasing an additional 18,998 shares during the quarter. Ieq Capital LLC's holdings in Molina Healthcare were worth $6,254,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Creative Planning grew its holdings in shares of Molina Healthcare by 2.7% in the 3rd quarter. Creative Planning now owns 8,454 shares of the company's stock worth $2,913,000 after acquiring an additional 226 shares during the period. Bleakley Financial Group LLC boosted its position in Molina Healthcare by 26.0% during the third quarter. Bleakley Financial Group LLC now owns 888 shares of the company's stock worth $306,000 after purchasing an additional 183 shares in the last quarter. Blue Trust Inc. grew its holdings in Molina Healthcare by 84.9% in the third quarter. Blue Trust Inc. now owns 479 shares of the company's stock valued at $165,000 after purchasing an additional 220 shares during the last quarter. Raymond James & Associates raised its stake in shares of Molina Healthcare by 59.9% during the 3rd quarter. Raymond James & Associates now owns 42,298 shares of the company's stock worth $14,574,000 after buying an additional 15,840 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its position in shares of Molina Healthcare by 11.6% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,195 shares of the company's stock worth $412,000 after buying an additional 124 shares in the last quarter. Institutional investors and hedge funds own 98.50% of the company's stock.

Molina Healthcare Trading Down 2.6 %

Shares of MOH traded down $7.57 during mid-day trading on Friday, reaching $283.89. The company had a trading volume of 1,063,437 shares, compared to its average volume of 698,492. Molina Healthcare, Inc. has a fifty-two week low of $262.32 and a fifty-two week high of $423.92. The firm has a fifty day simple moving average of $293.21 and a 200-day simple moving average of $314.41. The stock has a market cap of $15.76 billion, a price-to-earnings ratio of 13.90, a price-to-earnings-growth ratio of 1.05 and a beta of 0.54. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.69.

Molina Healthcare (NYSE:MOH - Get Free Report) last issued its earnings results on Wednesday, February 5th. The company reported $5.05 earnings per share 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%. On average, sell-side analysts anticipate that Molina Healthcare, Inc. will post 24.37 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MOH. Truist Financial reduced their price target on shares of Molina Healthcare from $370.00 to $340.00 and set a "buy" rating on the stock in a report on Wednesday. UBS Group dropped their price target on Molina Healthcare from $374.00 to $325.00 and set a "neutral" rating for the company in a research report on Friday, February 7th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $406.00 price objective on shares of Molina Healthcare in a research note on Thursday, October 24th. Stephens reissued an "equal weight" rating and issued a $345.00 target price on shares of Molina Healthcare in a research note on Thursday, February 6th. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $350.00 price target (down from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $353.17.

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.