Jump Financial LLC Acquires New Shares in Molina Healthcare, Inc. (NYSE:MOH)

Jump Financial LLC purchased a new stake in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 10,319 shares of the company's stock, valued at approximately $3,003,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Wellington Management Group LLP raised its holdings in shares of Molina Healthcare by 7.4% during the 4th 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% during the 4th quarter. FMR LLC now owns 1,801,113 shares of the company's stock valued at $524,214,000 after purchasing an additional 427,276 shares in the last quarter. Geode Capital Management LLC grew its stake in Molina Healthcare by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 1,436,909 shares of the company's stock valued at $417,144,000 after buying an additional 34,992 shares during the last quarter. Invesco Ltd. grew its stake in Molina Healthcare by 28.5% in the 4th quarter. Invesco Ltd. now owns 1,327,021 shares of the company's stock valued at $386,229,000 after buying an additional 294,180 shares during the last quarter. Finally, Norges Bank acquired a new position in Molina Healthcare in the 4th quarter valued at $134,675,000. Institutional investors own 98.50% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Truist Financial raised their target price on shares of Molina Healthcare from $340.00 to $400.00 and gave the company a "buy" rating in a research note on Friday, April 11th. Stephens reiterated an "equal weight" rating and issued a $345.00 target price on shares of Molina Healthcare in a research note on Thursday, February 6th. Baird R W lowered shares of Molina Healthcare from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th. StockNews.com upgraded shares of Molina Healthcare from a "hold" rating to a "buy" rating in a research note on Friday, April 11th. Finally, Guggenheim assumed coverage on shares of Molina Healthcare in a research report on Wednesday, April 9th. They issued a "neutral" rating on the stock. Nine research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $363.62.

Molina Healthcare Price Performance

Shares of MOH traded up $7.57 during mid-day trading on Wednesday, reaching $328.73. The company had a trading volume of 176,115 shares, compared to its average volume of 765,556. Molina Healthcare, Inc. has a twelve month low of $262.32 and a twelve month high of $370.99. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.62 and a quick ratio of 1.62. The company's 50-day moving average is $316.43 and its 200-day moving average is $307.66. The company has a market capitalization of $17.98 billion, a P/E ratio of 16.09, a P/E/G ratio of 1.06 and a beta of 0.70.

Molina Healthcare (NYSE:MOH - Get Free Report) last issued 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 return on equity of 28.13% and a net margin of 2.90%. On average, equities analysts anticipate that Molina Healthcare, Inc. will post 24.4 EPS for the current year.

Insider Buying and Selling

In other Molina Healthcare 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 transaction, the director now directly owns 17,375 shares in the company, valued at approximately $5,235,608.75. This trade represents a 5.44 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.10% of the stock is owned by corporate insiders.

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.