Mariner LLC lessened its stake in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 18.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,909 shares of the company's stock after selling 1,823 shares during the period. Mariner LLC's holdings in Molina Healthcare were worth $2,302,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of the business. Versant Capital Management Inc boosted its position in Molina Healthcare by 83.1% in the 4th quarter. Versant Capital Management Inc now owns 163 shares of the company's stock worth $47,000 after purchasing an additional 74 shares in the last quarter. Wingate Wealth Advisors Inc. acquired a new stake in Molina Healthcare during the fourth quarter valued at $52,000. Hurley Capital LLC purchased a new position in Molina Healthcare in the fourth quarter valued at $55,000. EverSource Wealth Advisors LLC raised its position in shares of Molina Healthcare by 81.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 196 shares of the company's stock worth $57,000 after acquiring an additional 88 shares during the period. Finally, Harvest Fund Management Co. Ltd boosted its stake in shares of Molina Healthcare by 895.0% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 199 shares of the company's stock worth $58,000 after acquiring an additional 179 shares in the last quarter. 98.50% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
MOH has been the topic of a number of recent analyst reports. Baird R W downgraded Molina Healthcare from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Truist Financial boosted their price target on shares of Molina Healthcare from $340.00 to $400.00 and gave the stock a "buy" rating in a research report on Friday, April 11th. Barclays boosted their price target on shares of Molina Healthcare from $339.00 to $362.00 and gave the company an "equal weight" rating in a research report on Friday. Robert W. Baird restated a "neutral" rating and issued a $375.00 target price (up previously from $331.00) on shares of Molina Healthcare in a research report on Tuesday, April 15th. Finally, Wells Fargo & Company upgraded shares of Molina Healthcare from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $295.00 to $372.00 in a report on Wednesday, March 5th. Nine analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Molina Healthcare presently has an average rating of "Hold" and a consensus target price of $365.38.
Get Our Latest Stock Analysis on MOH
Molina Healthcare Stock Up 0.3 %
Shares of NYSE MOH traded up $0.88 during mid-day trading on Friday, reaching $314.69. The company had a trading volume of 755,041 shares, compared to its average volume of 672,550. The stock has a market cap of $17.21 billion, a P/E ratio of 15.40, a PEG ratio of 1.06 and a beta of 0.70. Molina Healthcare, Inc. has a 52-week low of $262.32 and a 52-week high of $365.23. The firm has a 50 day simple moving average of $319.39 and a two-hundred day simple moving average of $307.52. 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 announced its quarterly earnings data on Wednesday, April 23rd. The company reported $6.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.86 by $0.22. The company had revenue of $11.15 billion for the quarter, compared to analysts' expectations of $10.86 billion. Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. During the same period in the previous year, the company posted $5.73 EPS. Sell-side analysts predict that Molina Healthcare, Inc. will post 24.4 earnings per share for the current year.
Insiders Place Their Bets
In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of the business's 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 transaction, the director now directly owns 17,375 shares in the company, valued at approximately $5,235,608.75. The trade was a 5.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.10% of the stock is owned by company insiders.
Molina Healthcare 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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